USDA wastewater revenue bond
City of IoneOregon- Detected
- Jul 14, 2026
- 116 days ago
- Sector
- Capital Projects
- Est. value
- Free account
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THE 30-SECOND BRIEF
The City of Ione approved Resolution 2026-06 to issue and sell a wastewater revenue bond of up to $1,815,000 to USDA Rural Utilities Service. This bond, at 3% interest over 40 years, helps finance construction of a new septic tank effluent gravity wastewater system as part of a larger funded project. The item confirms long-term financing and repayment structure, which matters for firms interested in ongoing wastewater system work, asset replacement, and related services over the bond term.
Bond is secured solely by net revenues of the wastewater facility and includes required reserve accounts and covenants on rates, operations, insurance, and records.
From the meeting
- Meeting date
- July 14, 2026
- Agency
- City of Ione
Questions about this project
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When will City of Ione issue an RFP for this project?
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