City of Carlton Urban Renewal Budget Committee Agenda Packet 2026-05-19
Urban Renewal Continues IFA Meadowlake Loan Repayment
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Description
The City of Carlton Urban Renewal Agency will continue annual $65,000 debt service payments to IFA for the Meadowlake Transmission Line loan through 2038, as reflected in the FY2027 budget. This financing supports long-term water transmission infrastructure improvements within the urban renewal area.
Contract Details
Contract Amount
$65,000 annually (debt service)
Vendor
IFA
Agency
City of Carlton, OR
Contract Type
FINANCIAL_SERVICES
Document Date
May 19, 2026
Contract Term
Through 2038
Renewal Date
2038-06-30
Renewal Info
Existing IFA loan for the Meadowlake Transmission Line with scheduled debt service through 2038; no new debt is planned in the Urban Renewal Fund.
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