Sisters-Camp Sherman Rural Fire Protection District Approved Budget Document 2026-2027
District Nears Final Payment on Columbia Bank Station Bond
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Description
Sisters-Camp Sherman Fire District continues its refinanced bond agreement with Columbia Bank, budgeting $234,301 in FY 2026/27 for the final year of payments on the $2.5 million station construction loan. The bond, refinanced at 1.87% interest, will be fully repaid by February 1, 2027.
Contract Details
Contract Amount
$2,500,000 original bond (2007); refinanced balance with 1.87% interest; FY 2026/27 debt service $234,301 including $230,000 principal and $4,301 interest; remaining principal $230,000 as of June 30, 2026
Vendor
COLUMBIA BANK
Agency
Sisters-Camp Sherman Rural Fire Protection District, OR
Contract Type
FINANCIAL_SERVICES
Document Date
May 4, 2026
Contract Term
Original 20-year bond issued February 6, 2007; refinanced in 2016 to a 10-year term maturing February 1, 2027
Renewal Date
2027-02-01
Renewal Info
Refinanced bond from 2016 carries a fixed 1.87% interest rate and will mature on February 1, 2027; no further renewal is anticipated after payoff.
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APPROVEDIssuing Agency
Sisters-Camp Sherman Rural Fire Protection District
Fire District
Sisters, OR
More from Sisters-Camp Sherman Rural Fire Protection District
Sisters-Camp Sherman Rural Fire Protection District AgendaPacket May 19 2026
Sisters-Camp Sherman Rural Fire Protection District Approved Budget Document 2026-2027
Sisters-Camp Sherman Rural Fire Protection District Approved Budget Document 2026-2027
Sisters-Camp Sherman Rural Fire Protection District Approved Budget Document 2026-2027
Sisters-Camp Sherman Rural Fire Protection District Approved Budget Document 2026-2027
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