City of Tenino City Council Meeting Agenda 2026-05-26
Tenino considers amendment to state public works loan
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Description
The City of Tenino is considering an amendment to contract PW-06-962-044 with the Department of Commerce Public Works Board to shift to interest-only payments in 2026 and spread final repayment with interest across 2027–2031. The agenda item authorizes the Mayor to sign the revised loan repayment agreement.
Contract Details
Vendor
DEPARTMENT OF COMMERCE PUBLIC WORKS BOARD
Agency
City of Tenino, WA
Contract Type
FINANCIAL_SERVICES
Document Date
May 26, 2026
Contract Term
Interest-only payments for 2026; final payments in increments 2027–2031, including interest
Renewal Date
2031-12-31
Renewal Info
Amendment restructures existing loan to interest-only in 2026 with remaining balance paid in increments from 2027 through 2031, including interest.
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