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Council authorizes Special Public Works Fund loan for Keys Road Reservoir
Summary
The council approved Resolution 24-17 to authorize the city manager to finalize a Business Oregon Special Public Works Fund loan to support the Keys Road Reservoir project; staff estimated about $2 million in total project spending and explained interest accrues on disbursements at 4.09%.
The Scappoose City Council voted Nov. 18 to approve Resolution 24-17, a form resolution required by Business Oregon to finalize a Special Public Works Fund loan for the Keys Road Reservoir project.
Contract administrator Charlotte Baker told the council the resolution is essentially a Business Oregon form that…
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