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Falls City Oregon City Council Agenda Packet 2026-06-01

Infrastructure Finance Authority Backs Falls City Water Upgrades

$1,292,082 forgivable loan; $1,075,218 repayable loan at 1% interestCity of FallsOREGON INFRASTRUCTURE FINANCE AUTHORITYJune 1, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

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.

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