Line of credit financing costs
Cambria Community Heathcare DistrictCalifornia- Detected
- Sep 22, 2026
- 37 days ago
- Sector
- Administration & Finance
- Est. value
- Free account
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From the meeting
The board reviewed an update on Columbia Bank's revised requirements and costs for a previously approved taxable non-revolving line of credit. Staff said the initial costs to establish the line of credit were estimated at $12,000 to $27,000, with annual renewal costs of $2,500 to $5,000. Columbia Bank's Government Division required bank counsel to prepare the loan documents and District counsel to review them.
No board action was required at this time; a proposed resolution may come back to a future meeting.
- Meeting date
- September 22, 2026
- Agency
- Cambria Community Heathcare District
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