Central Linn School District Board Meeting Agenda Packet April 2026
District Approves Government Capital Loan for CTE Project
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Description
The Central Linn School District Board approved a financing agreement with Government Capital to fund completion of the CTE building through a 10‑year loan backed by a full faith and credit obligation not to exceed $760,000. This action provides long‑term financing within the district’s budget capacity to support hands‑on learning facilities.
Contract Details
Contract Amount
Not to exceed $760,000 (aggregate principal amount of full faith and credit obligation)
Vendor
GOVERNMENT CAPITAL
Agency
Central Linn School District 552, OR
Contract Type
FINANCIAL_SERVICES
Document Date
April 13, 2026
Contract Term
10-year repayment option
Renewal Info
Financing structured as a 10‑year full faith and credit obligation with authority for early payoff if feasible; no explicit renewal provisions noted.
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