Urban Renewal Line-of-Credit Maintained With City
City of SutherlinCity · OR- Disclosed value
- $1,000,000 line-of-credit; $89,000 principal payment budgeted for 2026-27; $55,000 interest budgeted for 2026-27
- From budget
- Document date
- Apr 30, 2026
The 30-second brief
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.
City of Sutherlin holds this financial services contract with City of Sutherlin. Its other public contracts on record include work for Douglas County.
Term as filed: Revolving line-of-credit; ongoing with annual repayments; interest at 2.25% on projected outstanding balance as of June 30, 2026.
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Contract details
- Contract type
- Financial Services
- Amount
- $1,000,000 line-of-credit; $89,000 principal payment budgeted for 2026-27; $55,000 interest budgeted for 2026-27
- Document date
- April 30, 2026
- Term
- Revolving line-of-credit; ongoing with annual repayments; interest at 2.25% on projected outstanding balance as of June 30, 2026
- Vendor
- City of Sutherlin
- Agency
- City of Sutherlin
- Source document
- Sutherlin Urban Renewal Agency Budget Approved Annual Budget and Financial Plan 2026-04-30 (Budget)
City of Sutherlin's other public contracts
More City of Sutherlin contracts
Questions about this contract
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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What other contracts does City of Sutherlin hold?
City of Sutherlin may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Sutherlin currently buying?
Explore City of Sutherlin's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.