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Sutherlin to pursue water intertie after city wins $10 million low-interest loan
Summary
City Manager announced a $10,000,000 loan for a water‑intertie project at 1.0% interest over 30 years with $1,400,000 described as forgivable; engineering and planning remain before construction.
The City Manager announced that Sutherlin has been awarded a $10,000,000 loan to advance a planned water intertie project, describing the financing as a 30‑year loan at about 1.0% interest with $1,400,000 of the amount identified as forgivable.
"We got a 1.0% on the loan," the City Manager (S4) said, calling the award “very good news” and crediting Dyer Engineering and city staff Tammy, Aaron and Christy for their work on the application. The manager said the project will require substantial engineering and planning before construction can begin.
At the meeting the manager said the intertie would bring an additional water source described in the record as "0.333"; the transcript did not specify the units for that figure. The manager said staff will provide timelines and further technical details as engineering work continues.
City officials said the loan will significantly reduce borrowing costs for the project but did not present a construction timeline or the expected customer impacts at the meeting. Further details about project scope, schedule and any required permitting were not specified and will be addressed in later staff reports.
