Thank you Oregon Pacific Bank for your generous donation to our community. 👏🙌🏊‍♀️❤️😁🥳

"Mayor Benetti (left) accepts $10,000 grant from Ron Green, Oregon Pacific Bank President and Chief Executive Officer. The generous grant will go towards the replacement of the Mingus Park Pool boiler. Oregon Pacific Bank supported this local community development through its participation in the Federal Home Loan Bank of Des Moines (FHLB Des Moines) Member Impact Fund. This financial support was a combined contribution from the Member Impact Fund Grant ($7,500) and Oregon Pacific Bank’s Member Match ($2,500).
What an amazing community! Just a few short months ago, we were faced with Mingus Pool being closed for an undetermined length of time while we worked with the Pool Board towards replacement of the failed boiler. Initial estimates for replacement of the boiler were in the $120,000-$150,000 range. With neither the City or the Pool Board finding available financial capacity, extended scenarios were considered. Though the City Council with the support of the Pool Board approved use of Rainy Day Funds to replenish those funds over time, the community stepped in to save the day.
In early February, donations started pouring in. And over the following weeks, into the first week of April, donations continued. This community pulled together in those few short weeks with the funding necessary to replace the boiler. During this community donation drive, City staff worked through the procurement process, resulting in a vendor contract below initial estimate. The City signed an agreement to replace the boiler for a little under $75,000. Donations to date are a little over $80,000 and we have stopped accepting donations. Upon completion of the boiler replacement, City staff will work with the Pool Board to identify other potential projects or needs, or possibly reserve these funds as the start of a savings for the next boiler replacement, setting aside money each year in preparation for that future event.
The community donation drive was capped off this week, with a generous donation by Oregon Pacific Bank. Oregon Pacific Bank supported this local community development through its participation in the Federal Home Loan Bank of Des Moines (FHLB Des Moines) Member Impact Fund. This matching grant program is designed to offer eligible organizations critical financial support for affordable housing and community development initiatives in targeted areas of FHLB Des Moines’ district and has awarded nearly $20 million to hundreds of non-profit and government organizations across the region. In Oregon alone, $4.11 million was distributed among 104 awards with the participation of 19 members, reflecting a concerted effort to bolster affordable housing and community development efforts within the state.
Oregon Pacific Bank contributed to the success of this program by recommending and matching grants for two deserving local businesses in Oregon. The Bank is delighted to have played a part in enhancing the well-being and prosperity of the local communities it serves. Funding from the Member Impact Fund Grant was $7,500 with a member match from the local Oregon Pacific Bank branch of $2,500.
We are still awaiting a schedule from the supplier of the boiler so do not have an exact timeline for the replacement but believe the pool will be opened in the coming months and in time for the busy summer swimming season.
Many community members generously donated funds and I’d like to personally thank each of you. A recap of received donations is shared below. The total funds received within each date range are listed, however, we’ve only included names of those who authorized recognition with many of the donations left without a recognized donor:

-Joe Benetti, Mayor of Coos Bay"

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