FINANCIAL_SERVICESONGOING

Sutherlin Urban Renewal Agency Budget Approved Annual Budget and Financial Plan 2026-04-30

Urban Renewal Line-of-Credit Maintained With City

$1,000,000 line-of-credit; $89,000 principal payment budgeted for 2026-27; $55,000 interest budgeted for 2026-27City of SutherlinCITY OF SUTHERLINApril 30, 2026

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Description

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.

Contract Details

Contract Amount

$1,000,000 line-of-credit; $89,000 principal payment budgeted for 2026-27; $55,000 interest budgeted for 2026-27

Vendor

CITY OF SUTHERLIN

Agency

City of Sutherlin, OR

Contract Type

FINANCIAL_SERVICES

Document Date

April 30, 2026

Contract Term

Revolving line-of-credit; ongoing with annual repayments; interest at 2.25% on projected outstanding balance as of June 30, 2026

Renewal Info

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.