Infrastructure Finance Authority Backs Falls City Water Upgrades
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Description
Falls City is party to a Safe Drinking Water Revolving Loan Fund agreement with the Oregon Infrastructure Finance Authority providing more than $2.3 million for critical water mainline upgrades. The mixed forgivable and low‑interest loan package enables system improvements while moderating rate impacts.
Contract Details
Contract Amount
$1,292,082 forgivable loan; $1,075,218 repayable loan at 1% interest
Vendor
OREGON INFRASTRUCTURE FINANCE AUTHORITY
Agency
City of Falls, OR
Contract Type
FINANCIAL_SERVICES
Document Date
June 1, 2026
Renewal Info
Loan and grant terms are tied to the water mainline project; repayment and forgiveness conditions are governed by the state program but specific dates are not provided in the packet.
More from OREGON INFRASTRUCTURE FINANCE AUTHORITY
More from City of Falls
Falls City Oregon City Council Agenda Packet 2026-06-01
Falls City Oregon City Council Agenda Packet 2026-06-01
Falls City Oregon City Council Agenda Packet 2026-06-01
Falls City Oregon City Council Agenda Packet 2026-06-01
Falls City Oregon City Council Agenda Packet 2026-06-01
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