Benton-Franklin Council of Governments Board Meeting Agenda April 2026
BFCOG to Transfer RRLF Loan Portfolio to Tri-County EDD
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Description
BFCOG plans to authorize a one-time buyout and transfer of its remaining non-federal Regional Revolving Loan Fund portfolio, totaling $254,303, to the Tri-County Economic Development District. Proceeds from the transaction will be deposited into BFCOG’s PWEDA fund to support future economic development activities.
Contract Details
Contract Amount
$254,303.00 (buyout of remaining non-federal RRLF loans outstanding balance)
Vendor
TRI-COUNTY ECONOMIC DEVELOPMENT DISTRICT
Agency
Tri-Cities Metropolitan Area Transportation Study, WA
Contract Type
FINANCIAL_SERVICES
Document Date
April 17, 2026
Contract Term
One-time buyout and transfer anticipated by end of June 2026
Renewal Date
2026-06-30
Renewal Info
Single transaction to transfer ownership and servicing of remaining non-federal RRLF loans to TEDD; no renewals contemplated.
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