November 2021

With the existing mortgage note through Atlantic Union Bank due for refinancing in 2024, and with interest rates at historic lows, the Board decided to refinance the outstanding $350,000 loan taken out in 2013. Thanks to the efforts of Treasurer Troy Knowlton ’92, Pete Skelly ’05, and Patrick Higgins ’10, we were able to get an attractive 3.75% rate on a 10-year note through the Bank of Clark County in northern Virginia. This frees up some funds for operating and maintenance expenses.