Refinancing of police headquarters debt to maintain current…
City of Grants PassOregon- Detected
- Aug 18, 2026
- 76 days ago
- Sector
- Administration & Finance
- Est. value
- Free account
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THE 30-SECOND BRIEF
Refinancing of police headquarters debt to maintain current annual payment levels and extend the loan term.
The current principal balance is about $3.2-$3.3 million. The recommendation is to refinance around the current $510,000 annual payments over an 8-year term. The estimated interest rate for an 8-year term is about 4.85%. Council voted to proceed with the refinancing as recommended.
From the meeting
- Source
- City of Grants Pass City Council Workshop August 17, 2026
- Meeting date
- August 18, 2026
- Agency
- City of Grants Pass
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