Falls City Oregon City Council Agenda Packet 2026-06-01
State Loan-Grant Funds Falls City Water Mainline Work
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Description
Falls City is implementing a Safe Drinking Water Revolving Loan Fund agreement with the Oregon Business Development Department totaling over $2.3 million in forgivable and low‑interest loan funds. The financing supports design and construction of new water mainlines to improve reliability and pressure.
Contract Details
Contract Amount
$1,292,082 forgivable loan; $1,075,218 repayable loan at 1% interest
Vendor
OREGON BUSINESS DEVELOPMENT DEPARTMENT
Agency
City of Falls, OR
Contract Type
FINANCIAL_SERVICES
Document Date
June 1, 2026
Renewal Info
Financing structure includes a forgivable loan component and a 1% interest repayable loan; specific amortization schedule and maturity date are not detailed in the agenda packet.
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Falls City Oregon City Council Agenda Packet 2026-06-01
Falls City Oregon City Council Agenda Packet 2026-06-01
Falls City Oregon City Council Agenda Packet 2026-06-01
Falls City Oregon City Council Agenda Packet 2026-06-01
Falls City Oregon City Council Agenda Packet 2026-06-01
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