Government Capital Continues Civic Center Mortgage
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Description
The City of Maupin’s FY 2026-2027 budget reflects an ongoing twenty-year mortgage financing arrangement through Government Capital for Civic Center construction, payable via Southside Bank. Quarterly payments of $21,028.54 continue, with an option to retire the debt early by 2030.
Contract Details
Vendor
GOVERNMENT CAPITAL
Agency
City of Maupin, OR
Contract Type
FINANCIAL_SERVICES
Document Date
June 2, 2026
Contract Term
Twenty-year mortgage with ability to pay off early in 2030
Renewal Date
2030-12-31
Renewal Info
Debt scheduled as a 20-year mortgage with option to pay off early in 2030; no explicit renewal terms.
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