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Committee reviews Dundee property sale, $3.05M debt due June 2026
Newberg School District 29J Finance Advisory Committee · November 7, 2024
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Summary
Finance staff said the district carries just under $3.05 million in debt on the old Dundee property due in mid-2026; bankers advised against seeking an extension now given a recent ratings downgrade but suggested a six-month extension could be possible later.
The committee discussed the old Dundee property and outstanding debt tied to that parcel. Gail told the committee the loan has about 18–19 months remaining and is due in June 2026; the current outstanding amount was described as just under $3.05 million. She said…
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