February 12, 2016
1624 NW Sarkisian Dr., Seal Rock
Call to Order
6:00 pm
Members Present: Rick Hill, Alex Derr
Members Absent: Sue Valentine
Financial Report
$7686.78 in Checking.
$5067.45 and $3013.81 in CDs.
Old Business
None
New Business
Rick attended the Special Districts Association of Oregon (SDAO) statewide conference in Sunriver in January. He attended sessions including one on the use of drones by special districts in Oregon to monitor reservoirs, fire districts, and agricultural areas.
Rick also met a lender at the SDAO meeting, and inquired about financing for future projects at the Silver Sands Special Road District. The lender was enthusiastic about lending to a small district like ours, and noted that when initiating a loan for a new project, we could roll in the balance of our existing loan.
Our loan officer from Flex Loan, the company that initiated our current loan, now works for SDAO's internal loan program. Rick learned that the SDAO loan program would be another option for us to finance future projects.
Note that Rick's attendance of the conference will result in a 2% reduction in our insurance next year.
In other new business, SDAO Best Practices this year includes an emphasis on ethics laws. Members of the board may take an online course and exam to make the District eligible for an additional 2% reduction in insurance cost.
Next Meeting
March 13, 2016
Adjourn
7:00 pm
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