CONTRACT

Lakeview considering $1.2M loan from Business Oregon

Disclosed value: $1.2 million; From agenda
Document date: Apr 22, 2025
Term: 30 years

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THE 30-SECOND BRIEF

What it covers

Town of Lakeview is considering a Special Public Works Fund (SPWF) loan for $1.2 million from Business Oregon for the Water Treatment Facility. The loan would have an approximate annual payment of $74,104 for 30 years at a 4.55% interest rate.

Who holds it

Business Oregon (Oregon Business Development Department) holds this loan contract with City of Lakeview Heights. Its other public contracts on record include work for City of Amity and City of Carlton.

What happens next

Term as filed: 30 years.

Contract details

Contract type: Loan
Amount: $1.2 million
Document date: April 22, 2025
Term: 30 years
Vendor: Business Oregon (Oregon Business Development Department)
Agency: City of Lakeview Heights
Source document: city-of-lakeview-heights-agenda-2025-04-22_c1b.pdf (Agenda)

Business Oregon (Oregon Business Development Department)'s other public contracts

City of Amity, OregonSDWRLF contract amendment approved extending deadline · Dec 4, 2025$1.2M City of Carlton, OregonBusiness Oregon grant funding · Dec 2, 2025$374K Morrow County, OregonClean drinking water study for West Glen Neighborhood · Oct 15, 2025Undisclosed City of Madras, OregonMadras seeks Business Oregon grant for waterline design · Sep 23, 2025Undisclosed Morrow County, OregonMorrow County received $40,000 for feasibility grants · Sep 9, 2025$40K

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Questions about this contract

Who was awarded the loan contract by City of Lakeview Heights?

Business Oregon (Oregon Business Development Department) was awarded this loan contract by City of Lakeview Heights, as recorded on April 22, 2025. The contract value is $1.2 million.

How much is the Business Oregon (Oregon Business Development Department) contract with City of Lakeview Heights worth?

The Business Oregon (Oregon Business Development Department) contract with City of Lakeview Heights is valued at $1.2 million, covering loan work.

What type of contract is this?

This is a Loan contract, documented as a agenda record.

Where was this contract approved?

This contract appears in city-of-lakeview-heights-agenda-2025-04-22_c1b.pdf (Agenda), dated April 22, 2025 from City of Lakeview Heights. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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