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Calaveras supervisors direct staff to pursue iBank loan for new animal services facility after parvo outbreak
Summary
After testimony about a parvovirus outbreak and long-standing infrastructure problems at the county shelter, the Calaveras County Board of Supervisors voted 5-0 April 28 to direct staff to move forward with iBank ISRF financing at a fixed 4.39% rate and return with financing agreements for final approval.
County staff and shelter officials urged the Board of Supervisors April 28 to proceed with low-cost financing to build a new animal services facility after a recent parvovirus outbreak exposed operational and infrastructure shortcomings at the county shelter.
A county presenter summarized the debt advisory committee's review of three options for funding a proposed 10,555-square-foot animal services facility in San Andreas, saying the iBank Infrastructure State Revolving Fund option offered a fixed 4.39% interest rate with a 90-day lock and lower issuance costs, allowing the project…
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