city-of-lakewood-study-session-agenda-august-11-2025_ccc.pdf
City continues McGavick Center funding agreement
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Description
The City of Lakewood continues its long-term agreement with Clover Park Technical College, contributing $101,850 annually toward McGavick Center construction costs through June 2026. In exchange, the City receives 18 days of annual use of the facility for tourism-related events over a 30-year period.
Contract Details
Contract Amount
$101,850 annually; 11% of McGavick Center construction costs over 20 years (last installment June 2026)
Vendor
CLOVER PARK TECHNICAL COLLEGE
Agency
City of Lakewood, WA
Contract Type
FACILITIES
Document Date
August 11, 2025
Contract Term
20 years, final installment due June 2026; 30-year use period for 18 days per year
Renewal Date
2026-06-30
Renewal Info
Fixed 20-year payment schedule ending June 2026; agreement includes a 30-year facility-use component. No renewal terms described.
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