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CLACKAMAS COUNTY FAIR & RODEO
Tuesday, August 16, 2022 at 10:00 am
CLACKAMAS COUNTY FAIR & RODEO August 16-20, 2022 10am - 10pm
Clackamas County Events Center 694 NE 4th Ave. Canby, OR 97013



Salem Keizer We Stand Together Education Forum
Wednesday, August 17, 2022 at 7:30 am
Celeste Guptill has been involved in some facet of alternative education for over twenty years. She has participated with several different homeschool methods, researched and advocated in Salem-Keizer for charter schools. She is going to present several options for alternative education models available and give tips on how to access those, to help you find what will work best for your family.
The Rec, 3500 River Road North, Keizer



Oregon State Fair
Friday, August 26, 2022 at 10:00 am
Which part of the Oregon State Fair are you most excited for? We'll keep adding to the fun all summer long!
Salem, Or



Washington County Candidate Meet and Greet
Wednesday, August 31, 2022 at 6:30 pm
Join our Washington County State House and Senate Candidates and Oregon State and National Candidates to discuss issues that are important to you, your family, and your community. Refreshments provided.
King City Clubhouse 15245 SW 116th Ave. King City, Oregon 97224



Linn County GOP Gala and Auction
Saturday, September 10, 2022 at 5:00 pm
Keynote Speaker Dave Sanderson, 2009 "Miracle on the Hudson" survivor.

linngop.com/galatickets
Linn County Expo Center



Washington County GOP Reagan Dinner
Saturday, September 17, 2022 at 6:00 pm
Tickets for Reagan Dinner 2022 in Hillsboro September 17th, now on sale at www.washco.gop, featuring former Secretary of State Mike Pompeo.



Oregon General Election
Tuesday, November 8, 2022 at 8:00 pm
Statewide


View All Calendar Events


Oregon State Treasury Completes Bond Sales
Oregon State Lottery, General Obligation and Housing Single-Family Mortgage Program

Affordable housing, drinking water improvements, schools, and earthquake readiness are just a few of the projects that will be funded thanks to Oregon State Treasury's recent $418 million General Obligation (GO) bond sale on behalf of the state. The recovery of Lottery sales permitted a long-awaited sale of $218 million bonds for the state's Lottery Program, which will fund a variety of projects including park improvements, building renovations and veteran housing programs. Lasty, an $85 million bond sale for the Oregon Housing Single-Family Mortgage Program will provide support for existing and newly originated Mortgage Loans.

"Bonds are an effective tool that we use to support critical capital projects and invest in Oregon," said Treasurer Tobias Read. "Bond funded projects encourage economic development, enhance sustainability, address critical needs including better access to education, housing and services for wellness and preserve our environment. Our strong stewardship of financial resources permits us to invest in building stronger and healthier communities for Oregonians over the long-run, and that is good for everyone."

Treasury's Debt Management team wrapped up the spring general obligation bond sale in the middle of May after securing low-cost financing in a volatile market environment. The sale includes approximately $200 million in tax-exempt general obligation bond proceeds for approximately twenty-one projects from ten different state government entities. Projects include capital improvements at the Oregon School for the Deaf, improvements to Salem's drinking water system, renovations and accessibility improvements to judicial buildings and the state capitol, and upgrades to various information systems. Additionally, $66 million will fund grant program bonds for implementing seismic upgrades for school districts and emergency services buildings.

Another $175 million of taxable Sustainability Bonds will fund affordable and permanent supportive housing throughout the state, including new home construction and housing for people experiencing chronic homelessness. This was the sixth issuance of sustainability bonds by Oregon Treasury with proceeds dedicated to affordable housing.

The Lottery Bond transaction was priced on April 12, 2022 and was officially closed on May 10, 2022. The sale included approximately $94 million in tax-exempt bonds and $124 million in taxable bonds. The projects funded included upgrades to the Eugene Family YMCA facility, Sherwood Pedestrian/Bike Bridge, Gradin Community Sports Park and various building renovations.

A D V E R T I S E M E N T

A D V E R T I S E M E N T

"The market continues to evolve as the pandemic wanes. With the rise in interest rates as the Federal Reserve seeks to curb inflation, Treasury staff must remain diligent to ensure that the state maintains its high credit profile and broaden its investor outreach to achieve favorable financing results," said Jacqueline Knights, Director of Debt Management at Oregon State Treasury. "Despite record withdrawal of funds from the municipal market, the State's bonds saw significant investor demand, which translates to better pricing – even under volatile market conditions."

In advance of the spring bond sales, Oregon Treasury received updated General Obligation bond ratings from Standard and Poor's, Fitch Ratings, and Moody's Investors Services. In reports published by the three firms, Oregon maintained its respective AA+/AA+/Aa1 ratings along with a stable outlook – a welcome confirmation of the state's fiscal management. Additionally, the State's Lottery Program received a confirmation of stability from Moody's Investors Services and Standard and Poor's, with ratings of Aa2/AAA respectively. Lastly, Oregon Housing and Community Services Department received a rating of Aa2 for the Single-Family Mortgage Revenue Bonds. Moody's also maintains the Aa2 ratings on all outstanding long-term parity debt issued under the Mortgage Revenue Bond Indenture with a stable rating outlook.

The Single-Family Mortgage Bonds transaction was priced on April 5, 2022 and was officially closed on April 27,2022. The sale included approximately $78 million in tax-exempt bonds and $7 million taxable bonds. The proceeds will be used to refund outstanding Oregon Housing and Community Services Department Mortgage Revenue bonds leading to a decrease in department costs. They will also be used to purchase mortgage loans that provide financing for existing, or newly constructed single-family residences.

Treasury has been active in issuing debt for developers who create affordable housing statewide as well as non-profits such as health care institutions. For the calendar year to date, Treasury has worked with our Oregon Housing partners and developers to close fifteen deals totaling $256 million for affordable housing projects across the State.

New Projects Funded by Recently-Sold State Lottery Bonds
SeriesProject Agency/GranteeProject SummaryEstimated Bond Proceeds
2022 ADept of Admin. ServicesCenter for Hope and Safety Hope Plaza$7,500,000
2022 A Dept of Admin. ServicesGradin Community Sports Park2,000,000
2022 A Dept of Admin. ServicesOregon Coast Aquarium Indoor Gallery Improvements5,000,000
2022 ADept of Admin. ServicesParrott Creek Child & Family Services Building Renovation3,500,000
2022 A Dept of Admin. ServicesPhoenix Government and Public Safety Center13,600,000
2022 A Dept of Admin. ServicesPort of Cascade Locks Business Park Expansion2,400,000
2022 A Dept of Admin. ServicesJefferson County Health and Wellness Center5,400,000
2022 A Business OregonCounty Fair Capital Improvements5,000,000
2022 A Dept of Transportation Sherwood Pedestrian/Bike Bridge4,000,000
2022 ADept of Veteran AffairsYMCA Veterans' Affordable Housing 6,000,000
2022 A Parks & Recreation Dept.Main Street Revitalization Grant Program5,000,000
2022 A Water Resources Dept.Deschutes Basin Board of Control Piping10,000,000
2022 AWater Resources Dept.Wallowa Lake Dam Rehabilitation14,000,000
2022 A Water Resources Dept. Water Development Projects15,000,000
2022 A Water Resources Dept.Big Creek Dams Replacement 4,000,000
2022A Total $102,400,000
2022 BDept of Admin. ServicesEugene Family YMCA Facility$15,000,000
2022 B Business OregonLevee Grant Program15,000,000
2022 B Business OregonBrownfields Redevelopment Fund10,000,000
2022 BBusiness OregonSpecial Public Works Fund50,000,000
2022 BHousing & Comm. ServicesWildfire Affordable Housing Supply & Land Acquisition25,000,000
2022B Total $115,000,000
TOTAL $217,400,000


New Projects Funded by Recently-Sold State GO Bonds
SeriesProject AgencyProject NameAmount of Bond Proceeds
2022 Series ADept. of Administrative ServicesExecutive Building Interior & Seismic Renovations$16,000,000
2022 Series ADept. of Administrative ServicesNorth Valley Complex Infrastructure Upgrades/Tenant Improvement30,000,000
2022 Series ADept. of Administrative ServicesPortland State Office Building Improvements3,500,000
2022 Series ADept. of RevenueElectronic Valuation Information System (ELVIS)2,000,000
2022 Series AOregon Military DepartmentResiliency Grant Fund5,000,000
2022 Series AOregon State PoliceCentral Point Office Expansion23,772,889
2022 Series AOregon Youth AuthorityCamp Riverbend Dorm Renovation1,500,000
2022 Series AOregon Youth AuthorityControl Room Renovations895,000
2022 Series AOregon Youth AuthorityJJIS IT System Modernization4,756,531
2022 Series AOregon Youth AuthorityMacLaren Infirmary and Pharmacy Renovation & Expansion979,000
2022 Series AOregon Youth AuthorityMacLaren West Cottages Renovations4,937,800
2022 Series AOregon Youth AuthorityRogue Valley Facility Improvements2,443,900
2022 Series AOregon Youth AuthorityTillamook Dorm Renovation2,000,000
2022 Series AOregon Health AuthorityOSH Salem Well Water Treatment Facility2,395,650
2022 Series ADept. of EducationOregon School for the Deaf ADA Restrooms1,024,625
2022 Series ADept. of EducationOregon School for the Deaf Fire Alarm System Replacement3,091,923
2022 Series ADept. of EducationOregon School for the Deaf Windows Upgrade1,383,452
2022 Series AOregon Parks & Recreation DepartmentState Parks Capital Improvement and Renewal25,000,000
2022 Series ADept. of Fish and WildlifeCapital Improvement and Renewal5,000,000
2022 Series AOregon Liquor Control CommissionLiquor Warehouse Land & Building52,537,265
2022 Series AOregon Liquor Control CommissionLiquor Warehouse Management IT System8,500,000
2022 Series BOregon Housing and Community Services DepartmentLIFT/Permanent Supportive Housing Programs175,000,000
TOTAL $371,718,035
2022 Series COregon Business Development DepartmentSeismic Rehabilitation Grants – Schools55,000,000
2022 Series COregon Business Development DepartmentSeismic Rehabilitation Grants – Emergency Services Buildings20,825,000
TOTAL $75,825,000
TOTAL $447,543,035


New Projects Funded by Recently-Sold Conduit Revenue Bonds
SeriesProject AgencyProject NameAmount of Bond Proceeds
2022AHousing & Community Services Dept.Fremont Manor Apartments$5,400,000
2022BHousing & Community Services Dept.Kentonwood Dimensions Apartments4,037,000
2022CHousing & Community Services Dept.Stillwater Crossing Apartments3,900,000
2022DHousing & Community Services Dept.The Canopy Apartments at Powell36,500,000
2022EHousing & Community Services Dept.Garden Grove Apartments6,330,000
2022FHousing & Community Services Dept.Aloha Family Housing Project16,680,000
2022GHousing & Community Services Dept.Nueva Esperanza Apartments26,359,717
2022HHousing & Community Services Dept.Good Shepherd Village31,425,000
2022IHousing & Community Services Dept.Oregon 4 Apartment Projects23,895,104
2022JHousing & Community Services Dept.Minnesota Place Apartments Project12,987,074
2022KHousing & Community Services Dept.Moorehouse Apartments Project7,870,000
2022LHousing & Community Services Dept.Tigard Senior Housing13,890,000
2022MHousing & Community Services Dept.148th Apartments15,500,000
2022OHousing & Community Services Dept.Shore Pines at Munsel Creek Apartments14,302,000
2022QHousing & Community Services Dept.Maple Apartments37,000,000
TOTAL $256,075,895


--Staff Reports

Post Date: 2022-06-11 09:08:15Last Update: 2022-06-11 09:45:47



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