I bought a Columbia Omnitech Interchange last year when I was in Portland for $70.00... the shell is waterproof and windproof and the separable fleece inner adds a good layer of insulation.
It has a hood but that is removable.
Rode through the freezing rain in Oregon, used it all season here (and it was a wet one) and it is serving as my main winter shell although I prefer to wear a wool sweater underneath as it breathes and insulates better and is warmer than fleece which is good to
-10 to -15C.
Have cleaned it with Nikwax once since I purchased it as one should not use detergents on technical fabrics.