Maupin, Oregon (November 2020) – The City of Maupin announces the refunding of a Rural Community Assistance Corporation loan. The original note proceeds were used for the 2019 construction of the City of Maupin Civic Center and County Library facility. The refunding reduced the city’s total interest cost more than $200,000. The loan structure and pricing were provided by Government Capital Corporation, Southlake, Texas. Jim Shannon of Mersereau Shannon LLP, Portland, Oregon provided the documentation and legal review.
“The 20-year fixed rate financing provided by Government Capital not only resulted in savings for our constituents, but was also closed in less than 30 days,” stated Christine Kurtz, Maupin City Recorder. “Additionally, the interest rate was 1.5% lower than our other alternatives and their finance fees were substantially less.”
“It was an honor and a privilege to work alongside Christine and Mayor Lynn Ewing,” stated Lisa Hott of Government Capital Corporation. “The current economic environment has municipalities searching for ways to streamline their budgets and we were delighted to provide assistance.”
About the City of Maupin
Maupin is located on the Lower Deschutes River at the crossroads between central and eastern Oregon and the Columbia River Gorge. It’s unique location and landscape make it a sought-after place for water and outdoor recreation, with visitors enjoying rafting, fishing, cycling and more. With a population around 430, residents and visitors are drawn to the small-town lifestyle with the amenities of a larger city, such as high-speed fiber internet. Folks often say. “There’s never a bad day in Maupin.” To learn more visit www.cityofmaupin.org
About Government Capital Corporation
Government Capital Corporation is a leading public finance firm providing professional financial services to all local governmental entities. Since its founding in 1992, the company has successfully completed thousands of municipal financings exceeding $4 Billion in Oregon and across the nation. For more information, visit www.govcap.com