Bonds issued for new fire station, Town Center, in Oregon Published by kkaczala@pressp. on Tue, 12/15/2020 - 1:36pm
By:
Kelly J. Kaczala
Oregon City Council on Dec. 7 approved the issuance and sale of low interest bonds that will pay for a new fire station and infrastructure improvements within the proposed Town Center.
The city is also refinancing a bond, due to low interest rates, that was used to pay for two projects developed over 10 years ago.
The maximum principal amount of the issuance and sale of bonds for the fire station is $1,750,000. It will pay the costs of constructing, furnishing, equipping and improving a new facility.