Clallam County Board of County Commissioners Regular Meeting Agenda March 31, 2026
Opportunity Fund Loan And Grant To City Of Forks
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Description
Clallam County is considering Opportunity Fund support to the City of Forks totaling $935,000 for industrial park manufacturing building improvements and electrical upgrades, split between a $260,000 low-interest loan over 20 years and a $675,000 grant. The support will be structured through loan and grant agreements with the city.
Contract Details
Contract Amount
$935,000
Vendor
CITY OF FORKS
Agency
Peninsula Housing Authority, WA
Contract Type
FINANCIAL_SERVICES
Document Date
March 31, 2026
Contract Term
20-year loan with 5-year deferral (portion)
Renewal Date
2046-12-31
Renewal Info
Loan component is up to 4.5% interest over 20 years with a 5-year payment deferral; no additional renewal terms are described.
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