City of St. Helens Urban Renewal Agency Budget Committee Agenda Packet 2026-05-28
St. Helens URA Continues $14.6M IFA Loan for Riverfront
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Description
The St. Helens Urban Renewal Agency continues its loan agreement with IFA, with a balance of $14.63 million as of FY2027. Debt service on the loan is set to begin in October 2028, supporting infrastructure projects for the Riverfront District.
Contract Details
Contract Amount
$14,630,318 (loan balance as of FY2027)
Vendor
IFA
Agency
City of St. Helens, OR
Contract Type
FINANCIAL_SERVICES
Document Date
May 28, 2026
Contract Term
First payment due approximately October 2028
Renewal Date
2028-10-31
Renewal Info
Initial loan agreement amended in 2025 to account for matching funds; first debt payment due three years after close (approx. October 2028).
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