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School Board discusses paying off Kerr property in Washougal

District estimates a savings at $91,000 in interest costs

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The Washougal School Board is considering paying off a loan early to save money on interest payments.

In 2001, the district purchased the 30-acre Kerr Property as a future school site. It is located behind its office at Evergreen Way, and was purchased for $1.85 million through a loan at what was then known as First Independent Bank.

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