Sutherlin Urban Renewal Agency Budget Approved Annual Budget and Financial Plan 2026-04-30
Debt Service Budgeted for Umpqua Bank Loan
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Description
The Sutherlin Urban Renewal Agency budgets $118,300 in principal and $86,600 in interest for FY 2026-27 debt service on the Umpqua Bank loan used to purchase and renovate 311 E Central Ave. These payments support ongoing retirement of the bank-financed obligation.
Contract Details
Contract Amount
$118,300 principal and $86,600 interest budgeted for 2026-27 debt service
Vendor
UMPQUA BANK
Agency
City of Sutherlin, OR
Contract Type
FINANCIAL_SERVICES
Document Date
April 30, 2026
Contract Term
Ongoing debt service; FY 2026-27 payments only are specified
Renewal Info
Existing bank loan with scheduled principal and interest payments; no refinancing or renewal terms are discussed in the budget document.
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