FINANCIAL_SERVICESONGOING

Annual USDA loan payment made for Well #5 project

Island City remitted its annual Well #5 loan payment to USDA Rural Development in June 2026, paying $102,022 in interest and $40,679 in principal toward the water system financing. This payment is part of a long-term infrastructure debt service agreement.

Status
ONGOING
Document date
August 8, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Usda Rural Development
Agency
City of Island · OR

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$102,022 interest and $40,679 principal (annual loan payment for Well #5)
Contract type
FINANCIAL_SERVICES
Contract term
Annual payments; Well #5 loan amortization schedule (exact end date not provided)
Renewal
Long-term loan agreement for Well #5 with fixed annual principal and interest payments; no renewal terms mentioned, continues until debt is fully amortized.
Document type
AgendaPacket
Source document
City of Island City Agenda Packet 2026-08-10

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Island?

Usda Rural Development was awarded this financial services contract by City of Island, as recorded on August 8, 2026. The contract value is $102,022 interest and $40,679 principal (annual loan payment for Well #5).

How much is the Usda Rural Development contract with City of Island worth?

The Usda Rural Development contract with City of Island is valued at $102,022 interest and $40,679 principal (annual loan payment for Well #5), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Island City Agenda Packet 2026-08-10 (AgendaPacket), dated August 8, 2026 from City of Island. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Usda Rural Development hold?

Usda Rural Development may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Usda Rural Development's profile

What is City of Island currently buying?

Explore City of Island's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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