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Sutherlin agency, city approve purchase and draft loan for 311 East Central as future city hall
Summary
The Sutherlin Urban Renewal Agency and Sutherlin City Council approved the purchase of 311 East Central Avenue and authorized draft intergovernmental and loan agreements to finance renovation for a new City Hall; loan terms remain draft pending final bank amortization details.
The Sutherlin Urban Renewal Agency voted to purchase 311 East Central Avenue and the Sutherlin City Council approved matching intergovernmental and draft loan agreements to finance renovation of the building as the city’s future City Hall.
Christy Gilbert, community development staff, told the agency that the board had negotiated a $1,200,000 purchase price with $300,000 of that amount earmarked for property improvements. Agency members asked clarifying questions…
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