Refinancing of police headquarters debt using an interfund loan…
City of Grants PassOregon- Detected
- Sep 1, 2026
- 62 days ago
- Sector
- Administration & Finance
- Est. value
- Free account
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THE 30-SECOND BRIEF
Refinancing of police headquarters debt using an interfund loan from the equipment replacement fund to manage balloon payments and optimize interest rates.
The interfund loan is for approximately $2.1 million over three years, with an internal interest rate of 4%. The original loan was with Wells Fargo. The decision was made to proceed with this option over external refinancing or a full lump sum payment from the equipment fund.
From the meeting
- Source
- City of Grants Pass City Council Workshop August 31, 2026
- Meeting date
- September 1, 2026
- Agency
- City of Grants Pass
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