FINANCIAL_SERVICESAMENDED

DEQ Clean Water Loan to City of Bend Amended

The Oregon Department of Environmental Quality amended Loan Agreement R14530 with the City of Bend to increase the Clean Water State Revolving Fund loan to $2,250,000, including $500,000 in principal forgiveness. The five-year loan carries a 0.53% interest rate with updated reserve requirements and a defined semiannual repayment schedule through 2029.

Document date · May 27, 2022

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$2,250,000 (loan increased by $500,000; $500,000 principal forgiveness; $1,750,000 repayable principal)
Contract type
FINANCIAL_SERVICES
Contract term
5 years; first payment due 6/1/2025, final payment due 12/1/2029; annual interest rate 0.53%
Renewal date
2029-12-01
Renewal
Amendment No. 1 resets the loan amount and repayment schedule for the existing financing agreement and updates the loan reserve requirement; no automatic renewal is indicated as this is a term loan scheduled to fully amortize by 12/1/2029.
Document type
Loan Agreement Amendment
Source document
city-of-bend-loan-agreement-amendment-2022-05-27_f68.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

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

State of Oregon Acting by & Through Its Department of Environmental Quality was awarded this financial services contract by City of Bend, as recorded on May 27, 2022. The contract value is $2,250,000 (loan increased by $500,000; $500,000 principal forgiveness; $1,750,000 repayable principal).

How much is the State of Oregon Acting by & Through Its Department of Environmental Quality contract with City of Bend worth?

The State of Oregon Acting by & Through Its Department of Environmental Quality contract with City of Bend is valued at $2,250,000 (loan increased by $500,000; $500,000 principal forgiveness; $1,750,000 repayable principal), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a loan agreement amendment record.

Where was this contract approved?

This contract appears in city-of-bend-loan-agreement-amendment-2022-05-27_f68.pdf (Loan Agreement Amendment), dated May 27, 2022 from City of Bend. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does State of Oregon Acting by & Through Its Department of Environmental Quality hold?

State of Oregon Acting by & Through Its Department of Environmental Quality may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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