Port of Centralia Regular Meeting Agenda Packet April 2026
Port Approves $1.8M Line of Credit with Columbia Bank
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Description
The Port of Centralia approved Resolution 2026-06 entering into a tax anticipation line of credit note with Columbia Bank for up to $1,800,000 through August 31, 2027 at Prime Rate plus 0%. The Port will pay a $1,500 loan fee and reimburse the bank’s actual legal costs to support refinancing and cash flow needs.
Contract Details
Contract Amount
Up to $1,800,000 line of credit; $1,500 loan fee plus actual out-of-pocket legal fees
Vendor
COLUMBIA BANK
Agency
Port Of Centralia, WA
Contract Type
FINANCIAL_SERVICES
Document Date
April 15, 2026
Contract Term
April 15, 2026 – August 31, 2027
Renewal Date
2027-08-31
Renewal Info
Single term tax anticipation note maturing no later than August 31, 2027; no renewal terms described in the resolution or note.
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