Tuesday, December 10, 2019 at 9:39:15 AM Mountain Standard Time

Subject: Ques%ons
Date: Friday, November 1, 2019 at 3:41:49 PM Mountain Daylight Time
From: Pat Caldwell
To:
Malheur County Economic Development
Greg,
I was wondering if you could clarify a few things for me on the Special Public Works fund loan.
 
1.  If the loan is approved the plan appears to be buy down the loan by $600,000 when the
ConnectOregon money becomes available. That will bring the remaining balance down to $1.8 million.
The county said it would pledge to pay the loan. What is the maximum exposure to property taxpayers
for this debt in the worst-case scenario if that excess land is not sold?
2.  A key selling point for this project in the past was it will be one with no debt. Isn’t the plan to get the
Special Public Works fund loan incurring debt?  What is the impact on annual opera%ng expenses of
reload en%ty with this addi%onal debt? Does the county have a specific plan for how the debt would
be serviced?
3.  Once the Farmer property is bought, where will the money come from for water, sewer, streets? The
county in its preliminary talks said it wanted to borrow another $2.5 million through SPWF to pay
these costs.
4.  The county extended the op%on for Nyssa Industries.  Where would the money come from to close
that transac%on by the end of the year? Will that be borrowed money?
5.  In the applica%on, the county said the economic benefit for the area is to provide ag producers "a
more expedient and dependable method of transpor%ng their products." What is the es%mate of new
jobs created in the ag industry in the first year the reload facility is opera%ng (not coun%ng jobs at the
reload center itself)
 

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