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And you thought you got a good deal on a refinance; the City of Bend is restructuring some debt and saving $2.5 million. In fact,  on some bonds the City reduced its rate from 5% to 1.5%.  Finance Director Sonia Andrews says the City will continue to take advantage of low rates in the future. "And the savings is through the life of the debt. So for example the police station debt,we're able to reduce the annual payments to about $63,000 year." And that adds up to almost a million dollars over the life of the loan.  In that example the city's rate went from 4.96% to 2.60%.

 

 

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Help Puerto Rico

Most organizations are asking for cash, rather than supplies, so they can route help to where it’s needed most more quickly. Here are some of the largest groups with campaigns underway:

 

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  • Click on the link for the latest conditions on the mountain passes.

 

  • Intersection of NW Broadway Street and NW Delaware for waterline replacement project, road closures with detours clearly marked for thru traffic, 7 a.m. – 4 p.m. daily with roads opened nightly. Motorists are encouraged to avoid this area and use Bond Street and Wall Street.

 

  • Nels Anderson Road between Nels Anderson Place and Brandis Court, single northbound shoulder closure will be in effect, two-way traffic to be maintained. Project completion expected December 2017.