Oregon Bond Bank Financing Recommended for Philomath Plant
Infrastructure Finance AuthorityState Agency · Salem, OR- Disclosed value
- $7,000,000 interim loan; long-term financing amount based on the interim loan; estimated participation fee of $58,100
- From staffreport
- Document date
- Sep 9, 2026
- Renews
- Free account
The 30-second brief
The Infrastructure Finance Authority Board is being asked to approve $7 million in interim financing for the City of Philomath's Water Treatment Plant project, followed by long-term financing through Oregon Bond Bank. The interim loan would carry a 3.76% interest rate for up to three years, with a 30-year long-term financing term and an estimated $58,100 participation fee.
Oregon Bond Bank holds this financial services contract with Infrastructure Finance Authority. Its other public contracts on record include work for City of Manzanita and City of Umatilla.
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Contract details
- Contract type
- Financial Services
- Amount
- $7,000,000 interim loan; long-term financing amount based on the interim loan; estimated participation fee of $58,100
- Document date
- September 9, 2026
- Term
- Interim loan for up to 3 years at 3.76%, followed by 30-year long-term financing
- Renews
- On record
- Vendor
- Oregon Bond Bank
- Source document
- Business Oregon StaffReport Funding Opportunity - Special Public Works Fund Program for City of Philomath Water Treatment Plant 2026-09-09 (StaffReport)
Oregon Bond Bank's other public contracts
More Infrastructure Finance Authority contracts
Questions about this contract
Who was awarded the financial services contract by Infrastructure Finance Authority?
Oregon Bond Bank was awarded this financial services contract by Infrastructure Finance Authority, as recorded on September 9, 2026. The contract value is $7,000,000 interim loan; long-term financing amount based on the interim loan; estimated participation fee of $58,100.
How much is the Oregon Bond Bank contract with Infrastructure Finance Authority worth?
The Oregon Bond Bank contract with Infrastructure Finance Authority is valued at $7,000,000 interim loan; long-term financing amount based on the interim loan; estimated participation fee of $58,100, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a staffreport record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Business Oregon StaffReport Funding Opportunity - Special Public Works Fund Program for City of Philomath Water Treatment Plant 2026-09-09 (StaffReport), dated September 9, 2026 from Infrastructure Finance Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Oregon Bond Bank hold?
Oregon Bond Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Infrastructure Finance Authority currently buying?
Explore Infrastructure Finance Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.