city-of-dundee-meeting-minutes-2022-12-06_f9d.pdf
City Secures $18M Infrastructure Loan at 3.23%
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Description
The city authorized the mayor to sign a modified third agreement with the Oregon Transportation Infrastructure Bank for a loan of almost $18 million. The funds will be allocated between phases 2b and phase 3 of a project, with a locked-in rate of 3.23% for 47 years.
Contract Details
Contract Amount
$18,000,000
Vendor
OREGON TRANSPORTATION INFRASTRUCTURE BANK
Agency
City of Dundee, OR
Contract Type
Loan
Document Date
December 6, 2022
Contract Term
47 years
Renewal Date
NA
Renewal Info
NA
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