- Community
-
- About Sherwood Sherwood Heritage Center Chamber of Commerce Marjorie Stewart Center Sherwood Center for the Arts Sherwood YMCA Family Resources
- Events and Activities City Calendar Library Events Community Events Event Permits Monument Posting Request Community Meeting Rooms Recreation Parks and Trails Directory Recreation Programs Sherwood Fieldhouse
- Community Field House Sherwood Demographics Sherwood School District Sherwood Youth Sports Utilities Volunteer Opportunities Highway 99 Pedestrian Crossing Public Safety Police Tualatin Valley Fire & Rescue
-
- Business & Development
- Government
-
- City Council Boards and Committees Urban Renewal Agency Agendas and Minutes Municipal Code Public Records
- Building City Attorney City Manager Code Compliance Community Development Community Services Economic Development Emergency Management Engineering
- Finance Human Resources Library Municipal Court Parks & Recreation Planning Police Public Works Utility Billing
-
- Online Services
-
- Job Opportunities Utility Billing Alerts & Notifications Email Subscriptions Sherwood Flash Alert Police Flash Alert Events and Meetings Agendas and Minutes Calendar
- Contact the City Submit a Request or Concern City Offices Municipal Code Documents and Forms Documents and Reports Forms and Applications
- Social Media
-
City Saves Over $900k in Debt Refinance
Two Water Construction Loans Benefit from Refinancing Decision
The City of Sherwood Finance Director, Katie Henry, announced today a savings of more than $920,000 to ratepayers over the next 13 years through the refinancing of $9 million in construction loans held by the City of Sherwood Water fund. This refinancing lowered the interest rates from an average of 3.7 percent for the two loans to 2.29 percent. The City received competitive bids from several banks on Wednesday, April 26, 2017 with Columbia Bank being selected as the winning bidder.
“The low interest rate and favorable terms of the loan reflect the confidence of the financial market in the City’s strong financial policies and prudent financial management” Ms. Henry said. The City anticipates that the final closing for the refinancing will be complete by May 16, 2017. For more information, please contact Katie Henry, Finance Director for the City of Sherwood at 503.625.4248 or by email at henryk@sherwoodoregon.gov
