City of Rockaway Beach Budget Committee Meeting Agenda April 2025
Nedonna Beach Watermain Project Financed by SDWRLF
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Description
City obtains $2.8 million through Safe Drinking Water Revolving Loan Fund to replace Nedonna Beach water main, including $1.5 million in forgivable principal and 2.69% interest financing.
Contract Details
Contract Amount
$2.8 million (project); $1.5 million in forgivable principal, 2.69% interest
Vendor
SAFE DRINKING WATER REVOLVING LOAN FUND
Agency
City of Rockaway Beach, OR
Contract Type
CONSTRUCTION
Document Date
April 16, 2025
Contract Term
FY 2025-2026 to completion
Renewal Info
Loan includes $1.5 million in forgivable principal, balance at 2.69% interest; duration not specified.
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