City of Enumclaw City Council Agenda Packet May 11 2026
Ecology Loan Increased for RBC Upgrade Project
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Description
Enumclaw will amend its Washington State Department of Ecology loan for the RBC Building Upgrade Project, adding $220,000 in financing. The amendment brings the total low-interest loan to $2,720,000 over 20 years with repayment starting in late 2028.
Contract Details
Contract Amount
Additional $220,000 (total loan $2,720,000)
Vendor
WASHINGTON STATE DEPARTMENT OF ECOLOGY
Agency
City of Enumclaw, WA
Contract Type
FINANCIAL_SERVICES
Document Date
May 11, 2026
Contract Term
20-year term, repayment beginning November 30, 2028; Initiation of Operation November 30, 2027; agreement deadline extended to December 31, 2027 by prior amendment
Renewal Date
2048-05-30
Renewal Info
Amendment 2 increases principal and updates the estimated amortization schedule; Amendment 1 previously extended completion deadline to December 31, 2027.
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