City of Dufur Regular City Council Meeting Agenda March 2026
City Approves $2.44M Sewer Bond with USDA
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Description
The City of Dufur approved issuance and sale of a $2,442,000 sewer revenue bond to the United States Department of Agriculture Rural Utilities Service at 1.375% for 40 years. This financing supports capital upgrades and expansion of the city’s sewer system. Payments begin in 2027 and continue through 2066.
Contract Details
Contract Amount
Not to exceed $2,442,000, principal, at 1.375% per annum
Vendor
UNITED STATES OF AMERICA ACTING THROUGH UNITED STATES DEPARTMENT OF AGRICULTURE RURAL UTILITIES SERVICE
Agency
City of Dufur, OR
Contract Type
FINANCIAL_SERVICES
Document Date
March 10, 2026
Contract Term
40 years, dated March 20, 2026 – March 20, 2066
Renewal Date
2066-03-20
Renewal Info
Bond term is 40 years; prepayment is allowed. Subject to refinancing at USDA request if eligible. Parity agreement in place with OBDD Loan.
More from UNITED STATES OF AMERICA ACTING THROUGH UNITED STATES DEPARTMENT OF AGRICULTURE RURAL UTILITIES SERVICE
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Vendor
UNITED STATES OF AMERICA ACTING THROUGH UNITED STATES DEPARTMENT OF AGRICULTURE RURAL UTILITIES SERVICE
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