City of Dundee OTIB loan for 9th Street project

Scope & details

The full contract record, as filed.

Contract amount

$1,387,433.00

Contract type

FINANCIAL_SERVICES

Contract term

Loan agreement dated November 16, 2023; ten-year term with interest at 2.77% annually, first payment December 1, 2024 and final payment anticipated December 2033

Renewal date

2033-12-01

Renewal

Ten-year loan with annual interest at 2.77%; DURA made an interest-only payment of $34,802 on November 30, 2024 and a full principal and interest payment of $176,300 on November 4, 2025; current amortization anticipates a final payment of $171,424 in December 2033, with prepayment optional at the City’s election.

Document type

AgendaPacket

Source document

Dundee Urban Renewal Agency AgendaPacket Meeting Agenda and Supporting Documents 2026-04-07

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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 Dundee?

State of Oregon Acting by & Through Its Department of Transportation was awarded this financial services contract by City of Dundee, as recorded on April 7, 2026. The contract value is $1,387,433.00.

How much is the State of Oregon Acting by & Through Its Department of Transportation contract with City of Dundee worth?

The State of Oregon Acting by & Through Its Department of Transportation contract with City of Dundee is valued at $1,387,433.00, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Dundee Urban Renewal Agency AgendaPacket Meeting Agenda and Supporting Documents 2026-04-07 (AgendaPacket), dated April 7, 2026 from City of Dundee. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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