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Water project grant refunded and contracts 'back on track,' $15,418 owed back to grant fund

Shady Cove Budget Committee · May 26, 2026
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Summary

City staff reported two drawdowns against a $1,500,000 water-project grant, noted a $15,418 refund owed to the grant fund, and said the city retained the grant after working with Business Oregon to resolve past mishandling.

City Administrator Pro Tem John Edwards reported that two drawdowns have been made against the original $1,500,000 water-project grant and that a refund of $15,418 is owed back to the grant fund; the third drawdown will reflect that charge. Edwards said contracts are now in order and that the city preserved the grant by coordinating with Business Oregon after prior mishandling of funds.

The transcript frames these items as budgeted line items and notes that the Water Project Fund accounting and drawdown activity will be adjusted to reflect the refund. No additional financial detail (total expenditures to date or timeline for the third drawdown) was provided in the meeting record.