FINANCIAL_SERVICESONGOING

Urban Renewal Line-of-Credit Maintained With City

The Sutherlin Urban Renewal Agency continues its $1.0 million revolving line-of-credit agreement with the City of Sutherlin, budgeting $89,000 in principal and $55,000 in interest payments for FY 2026-27. The line supports urban renewal project spending and is repaid using Tax Increment Financing revenues.

Document date · April 30, 2026

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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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
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Scope & details

The full contract record, as filed.

Contract amount
$1,000,000 line-of-credit; $89,000 principal payment budgeted for 2026-27; $55,000 interest budgeted for 2026-27
Contract type
FINANCIAL_SERVICES
Contract term
Revolving line-of-credit; ongoing with annual repayments; interest at 2.25% on projected outstanding balance as of June 30, 2026
Renewal
Described as a $1.0 million revolving line-of-credit between the Agency and the City, with significant portions of the balance anticipated to be repaid each fiscal year; no explicit maturity or renewal date is stated.
Document type
Budget
Source document
Sutherlin Urban Renewal Agency Budget Approved Annual Budget and Financial Plan 2026-04-30

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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 Sutherlin?

City of Sutherlin was awarded this financial services contract by City of Sutherlin, as recorded on April 30, 2026. The contract value is $1,000,000 line-of-credit; $89,000 principal payment budgeted for 2026-27; $55,000 interest budgeted for 2026-27.

How much is the City of Sutherlin contract with City of Sutherlin worth?

The City of Sutherlin contract with City of Sutherlin is valued at $1,000,000 line-of-credit; $89,000 principal payment budgeted for 2026-27; $55,000 interest budgeted for 2026-27, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a budget record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Sutherlin Urban Renewal Agency Budget Approved Annual Budget and Financial Plan 2026-04-30 (Budget), dated April 30, 2026 from City of Sutherlin. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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