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business forward

This is a request for a quote to finance the construction of the Civic Building. - Bond Buyer

This is a request for a quote to finance the construction of the Civic Building, which will be the new location for the Police Department and other City of Silverton offices. The new Civic Building will be 26,217 SF and located at 410 N Water St on a 2.7-acre site, which is owned by the City of Silverton.

The repayment of the loan/bond will be from several funds with majority of the debt paid from the General Fund. The request is for a maximum of $12,000,000 to be paid over 25 or 30 years, with semi-annual or an annual payment.

The City is requesting a quote for both $12,000,000 and $10,000,000 for both a 25-year and 30-year term. Response must include all requirements of the lender and all costs associated with the financing for the Civic Building.

City of Silverton financial and budget information is located on the City website: http://www.silverton.or.us/116/Finance.

Please complete the requested information here, include an amortization schedule, reference sheet and return the information to me by January 20, 2022.

If you have any questions, you can contact me at 503 874-2203 or by email [email protected]

Sincerely, Kathleen Zaragoza Deputy City Manager/ Finance Director