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Hospital leaders went before county commissioners on Wednesday to take advantage of the county's tax exempt status.

 

This will allow them to minimize the interest they'll owe from the sale of bonds.

St. Charles Chief Financial Officer, Karen Shepherd says it's been five years since they've sold bonds.

 

"We haven't been out for debt for quite a time, since 2008.  And at that time we had to refinance when the interest rates went up significantly.  So this time we're in a much better position, a more stable position than we were at that time."

 

The commissioners approved the hospital tapping into their tax exempt position for these bond sales.

 

St. Charles plans to use the funds to build a new Prineville Hospital and a new cancer center in Bend, among other projects.

 

Traffic & Weather

 

 

 

King Solomon Lane closed between Ferguson Road and King David. (7/25)

 

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

Oregon State University off-site improvements for intersection reconstruction, July 11 – August 3,    7 a.m. – 4:30 p.m., at intersection of Chandler Avenue and Yates Drive.

 

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.

 

R.A.B. Construction:

 

Murphy Road and Parrell Road closed with detours. (9/30)

 

Powell Butte Highway at Neff and Alfalfa Market Roads (8/31)

 
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