City of Rogue River Regular Council Meeting Agenda 2026-05-28
City Finances Water Improvements with Safe Drinking Water Loan
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Description
The City of Rogue River secured a $6.9 million Safe Drinking Water Revolving Loan for comprehensive water system improvements, with $530,000 forgiven and $6.37 million to be repaid over 30 years at 1% interest. Annual payments of roughly $246,982 will commence in mid-2027 from water user fees.
Contract Details
Contract Amount
$6,904,045 (with $530,000 to be forgiven; $6,374,045 repayable)
Vendor
SAFE DRINKING WATER REVOLVING LOAN
Agency
City of Rogue River, OR
Contract Type
FINANCIAL_SERVICES
Document Date
May 28, 2026
Contract Term
30-year repayment period at 1% interest; annual payment of approximately $246,982 starting mid-2027
Renewal Date
2057-06-30
Renewal Info
30-year fixed-term loan with partial principal forgiveness; no renewal or extension provisions described.
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City of Rogue River Regular Council Meeting Agenda 2026-05-28
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City of Rogue River Regular Council Meeting Agenda 2026-05-28
City of Rogue River Regular Council Meeting Agenda 2026-05-28
City of Rogue River Regular Council Meeting Agenda 2026-05-28
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