Everett City Council Preliminary Agenda April 15, 2026
City to Seek $5M Public Works Board Design Loan
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Description
Everett is seeking authorization to apply to the Washington State Public Works Board for up to $5 million in low-interest pre-construction loans to fund the WPCF Headworks design phase. If awarded, the Mayor would sign all loan agreements at interest rates as low as 0.85 percent.
Contract Details
Contract Amount
Up to $5,000,000 in pre-construction loan principal
Vendor
PUBLIC WORKS BOARD
Agency
City of Everett, WA
Contract Type
FINANCIAL_SERVICES
Document Date
April 13, 2026
Contract Term
Loan term not specified; interest rate 1.06% standard or 0.85% if eligibility criteria are met
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