Oregon Bond Bank Loan Recommended for Water Plant
Infrastructure Finance AuthorityState Agency · Salem, OR- Disclosed value
- Estimated $7,058,100, including $7,000,000 loan principal and a $58,100 bond fee
- From staffreport
- Document date
- Oct 2, 2026
- Renews
- Free account
The 30-second brief
Business Oregon staff recommended an Oregon Bond Bank loan of approximately $7.06 million to finance the City of Philomath water treatment plant project. The repayment-phase loan would carry an estimated 4.97% interest rate over 30 years, with the first payment expected in December 2028.
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
- Estimated $7,058,100, including $7,000,000 loan principal and a $58,100 bond fee
- Document date
- October 2, 2026
- Term
- 30-year repayment period; estimated first principal and interest payment in December 2028
- Renews
- On record
- Vendor
- Oregon Bond Bank
- Source document
- Business Oregon Staff Report Funding Opportunity of $7,000,000 – Special Public Works Fund Program for City of Philomath, Water Treatment Plant, No. 223-16891 2026-10-02 (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 October 2, 2026. The contract value is Estimated $7,058,100, including $7,000,000 loan principal and a $58,100 bond fee.
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 Estimated $7,058,100, including $7,000,000 loan principal and a $58,100 bond fee, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a staffreport record.
Where was this contract approved?
This contract appears in Business Oregon Staff Report Funding Opportunity of $7,000,000 – Special Public Works Fund Program for City of Philomath, Water Treatment Plant, No. 223-16891 2026-10-02 (StaffReport), dated October 2, 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.