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George Noorey
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George Noorey
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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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Traffic & Weather

 

 

 

 

Jones Road, full road closure between Bennington Lane and NE Butler Market Road. May 18 – August 18, local access only.
 

 

Orion Drive closed in two locations for sewer work; at the intersection with Avery Lane and between Desert Woods Drive and King Hezekiah Way.  From July 11 to Sept. 6. Detours marked.

 

Valhalla Sewer Relocation Project, Mt. Washington Drive at Shevlin Park Road intersection and North to Regency Street. Nighttime closures with detours marked during roundabout construction. Daytime closures for construction towards Regency Street.    7 p.m. – 7 a.m., July 11 – November.

 
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