Burns URA Plans Debt-Service Agreement With City

Burns Urban Renewal Agency plans to develop an intergovernmental agreement with the City of Burns to reimburse a portion of debt service on infrastructure benefiting the proposed expanded URA. Payments would be capped by annual tax-increment receipts and continue for up to 30 years.

Document date · September 29, 2026

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Scope & details

The full contract record, as filed.

Contract amount

SPWF loan debt service reimbursement capped at the URA's actual annual increment receipts

Contract type

OTHER

Contract term

Proposed 30-year term, coterminous with the Business Oregon SPWF loan; terminates upon repayment, refinancing, or defeasance

Renewal date

2057-09-30

Renewal

Proposed agreement is coterminous with the SPWF loan and terminates upon full repayment, refinancing, or defeasance. Any amendment would require approval by both parties.

Document type

AgendaPacket

Source document

Burns Urban Renewal Agency AgendaPacket September 30, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Burns?

City of Burns was awarded this government contract by City of Burns, as recorded on September 29, 2026.

What type of contract is this?

This is a government contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Burns Urban Renewal Agency AgendaPacket September 30, 2026 (AgendaPacket), dated September 29, 2026 from City of Burns. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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