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Calaveras supervisors authorize staff to negotiate up to $10 million I‑Bank financing for new animal shelter
Summary
The board authorized the county executive to negotiate a potential up to $10 million financing agreement with the California Infrastructure and Economic Development Bank to construct a 10,555 sq ft animal services facility; final terms and the amortization schedule must return to the board for approval.
The Calaveras County Board of Supervisors authorized the county executive officer to negotiate a potential financing agreement with the California Infrastructure and Economic Development Bank (I‑Bank) to fund construction of a new 10,555 square‑foot animal services facility.
County staff told the board the existing San Andreas shelter is undersized and lacks proper quarantine, intake and medical areas. The CEO presented a financing request capped at $10 million, an illustrative interest rate of 4.39% and an estimated annual payment of about $65,221 over up to 30 years if those illustrative…
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