FINANCIAL_SERVICESAPPROVED

morrow_county_health_district_board_meeting_agenda.pdf

District Approves $1 Million Tax Anticipation Loan with Bank of Eastern Oregon

Up to $1,000,000 (6.15% interest, $2,500 loan fee)Pioneer Memorial Hospital (Heppner)BANK OF EASTERN OREGONNovember 24, 2025

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Description

Morrow County Health District Board approved a tax anticipation loan with Bank of Eastern Oregon for up to $1 million at 6.15% interest, supporting district cash flow in advance of tax revenue disbursement.

Contract Details

Contract Amount

Up to $1,000,000 (6.15% interest, $2,500 loan fee)

Vendor

BANK OF EASTERN OREGON

Agency

Pioneer Memorial Hospital (Heppner), OR

Contract Type

FINANCIAL_SERVICES

Document Date

November 24, 2025

Contract Term

Due back by December 31, 2025

Renewal Date

2025-12-31

Renewal Info

Board has approved similar loans for the past three fiscal years, with no draw required last fiscal year.

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ONGOING

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Issuing Agency

Pioneer Memorial Hospital (Heppner)

Public Hospital

Heppner, OR

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Vendor