Council refinances Ashland Street SPWF interim loan

The City Council authorized refunding its interim Special Public Works Fund loan with the Oregon Infrastructure Finance Authority for the Ashland Street rehabilitation project, transitioning to long-term bonded financing. The new interest rate and 15-year amortization schedule will be finalized after Business Oregon’s bond sale, with repayment backed by food and beverage tax revenues.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

15-year repayment period funded by food and beverage tax

Renewal date

2042-06-30

Renewal

Action converts an existing interim loan to long-term debt; establishes new repayment schedule replacing prior interim terms.

Document type

Agenda

Source document

Ashland City Council Agenda 2026-08-04

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Ashland?

Oregon Infrastructure Finance Authority was awarded this financial services contract by City of Ashland, as recorded on August 4, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Ashland City Council Agenda 2026-08-04 (Agenda), dated August 4, 2026 from City of Ashland. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Oregon Infrastructure Finance Authority hold?

Oregon Infrastructure Finance Authority may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Oregon Infrastructure Finance Authority's profile

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