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Board authorizes refinancing plan for Dundee property balloon payment
Newberg SD 29J Board of Directors · December 10, 2025
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Summary
The board adopted a resolution authorizing pursuit of full faith and credit or revenue bond financing to cover a balloon payment due on the Dundee property in June; bond counsel will help develop the schedule and the district expects to close before the next budget year.
Nate, the district finance representative, asked the board on Dec. 9 to adopt a resolution authorizing staff to pursue financing to meet a balloon payment due on the Dundee property in June. The district said it does not have the cash on hand and plans to pursue either a full faith and credit or a…
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