City Continues U.S. Bank Loan for Utility Infrastructure
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Description
The City of Rogue River maintains a $1,235,000 loan with U.S. Bank under the Oregon Cities Financing Pool, refinancing prior debt for its wastewater treatment facility and 1.2 million gallon water reservoir. The 3.25% interest loan is repaid from user fees and scheduled for payoff in 2037.
Contract Details
Contract Amount
$1,235,000
Vendor
U.S. BANK
Agency
City of Rogue River, OR
Contract Type
FINANCIAL_SERVICES
Document Date
May 28, 2026
Contract Term
Loan to be repaid by 2037 at 3.25% interest; refinance of prior water and wastewater debt
Renewal Date
2037-12-31
Renewal Info
Existing loan under Oregon Cities Financing Pool with fixed maturity in 2037; no renewal or extension options are mentioned.
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City of Rogue River Regular Council Meeting Agenda 2026-05-28
City of Rogue River Regular Council Meeting Agenda 2026-05-28
City of Rogue River Regular Council Meeting Agenda 2026-05-28
City of Rogue River Regular Council Meeting Agenda 2026-05-28
City of Rogue River Regular Council Meeting Agenda 2026-05-28
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