Full Faith & Credit Obligation bonds, Series 2023

Series 2023

Purpose: The proceeds of the Obligation will be used to finance costs related to water line replacements required by Oregon Department of Transportation (ODOT) highway construction and other water system capital projects, and to pay costs of issuance of the Obligations.

Original Issuance Amount: $11,470,000

Maturity Date: June 1, 2043

Below is the Official Statement that was issued by the City for this bond sale.