Port of Cascade Locks Minutes Port Commission Meeting 2026-03-17
Port secures long-term loan for Flex buildings
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Description
The Port Commission approved Resolution 2026-2 to enter a long-term financing contract with the Oregon Infrastructure Finance Authority. The $1,888,000 loan at 4.1% interest will fund construction of the Flex 2 and Flex 4 buildings and replaces a 2017 interim loan.
Contract Details
Contract Amount
$1,888,000 at 4.1% annual interest
Vendor
OREGON INFRASTRUCTURE FINANCE AUTHORITY
Agency
Port Of Cascade Locks, OR
Contract Type
FINANCIAL_SERVICES
Document Date
March 17, 2026
Contract Term
Long-term direct loan; converted from a 2017 interim loan
Renewal Info
This action converts a 2017 interim loan into a long-term direct loan; repayment schedule and maturity date are not specified in the minutes.
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