City of Lowell Budget Committee Agenda and Proposed Budget FY 2026-27 2026-05-20
USDA Water Revenue Bond Supported in FY 2026-27 Budget
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Description
Lowell continues to amortize its USDA Rural Utilities Service water revenue bond for treatment plant and reservoir improvements, carrying about $724,395 in principal at 2.75% interest. Debt service for the bond, which matures in 2052, is fully funded in the FY 2026-27 water utility budget.
Contract Details
Contract Amount
$948,000 (original principal); outstanding principal $724,395 as of June 30, 2026
Vendor
UDSA - RUS
Agency
City of Lowell, OR
Contract Type
FINANCIAL_SERVICES
Document Date
May 20, 2026
Contract Term
Issue date not stated; matures 04/06/2052
Renewal Date
2052-04-06
Renewal Info
No renewal clause specified; long-term revenue bond maturing April 6, 2052.
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City of Lowell Budget Committee Agenda and Proposed Budget FY 2026-27 2026-05-20
City of Lowell Budget Committee Agenda and Proposed Budget FY 2026-27 2026-05-20
City of Lowell Budget Committee Agenda and Proposed Budget FY 2026-27 2026-05-20
City of Lowell Budget Committee Agenda and Proposed Budget FY 2026-27 2026-05-20
City of Lowell Budget Committee Agenda and Proposed Budget FY 2026-27 2026-05-20
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