Councilors approve plan to refinance debts, save city money

 

November 18, 2020

City staffer gets mayoral kudos Mayor Greg Mahler presented city Administrative Assistant Julie Fisher with a Risk Management certificate recognizing her completion of the Public Risk Management Association's certification program. Mahler noted Fisher's dedication to always improving herself and serving the city. She will be recognized formally at a PRIMA awards ceremony next year, according to the letter. Fisher said the training included topics like contract management, claims processing, personnel management, employer policies, torts, federal law, public safety, and public exposure. "The Risk Management Program will help me to identify any potential liabilities and keep risk exposure to a minimum and reduce the possible public liability exposure with the goal of reduced insurance claims and costs," Fisher said.She has already used her training through the program to update the city's personnel policies, which were then adopted by the council.

Sweet Home City Council is looking to refinance some of its debts to take advantage of unusually low interest rates.

Councilors Lisa Gourley, Greg Mahler, Diane Gerson, Dave Trask, Susan Coleman, and Cortney Nash attended the council's Nov. 10 city meeting, with councilor James Goble absent.

Finance Director Brandon Neish told the council the city is currently paying interest rates between 2.4 and 3.14% on $6.5 million in existing debts, far above current market rates for interest.

"We can potentially get those rates below 2% for all of those," Neish said.

Those loans date back to projects...



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