FINANCIAL_SERVICESAPPROVED

City of College Place Awards Financial Services Contract to City of College Place (July 2026)

The Washington State Public Works Board approved a $1,000,000 low-interest pre-construction loan to the City of College Place for the Well No. 7: Phase 2 water system project. The five-year loan at 1.06% interest will fund drilling, casing, resealing, water quality testing, and a technical memorandum assessing the test well’s viability, with repayment due by June 1, 2031.

Status
APPROVED
Document date
July 28, 2026
Contract type
FINANCIAL_SERVICES
Vendor
City of College Place
Agency
City of College Place · WA

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$1,000,000.00 loan (Total PWB Funding $1,000,000.00)
Contract type
FINANCIAL_SERVICES
Contract term
Agreement execution date through June 1, 2031; 5-year loan term; 24 months from execution to project completion
Renewal date
2031-06-01
Renewal
Loan term is 5 years with interest at 1.06% per annum on the outstanding principal; final payment must be made on or before June 1, 2031. Time of performance for project completion is 24 months from agreement execution; performance incentives may reduce the interest rate by up to 0.10% if early and regular draws occur, but the rate cannot fall below 0.25%. Any change to loan term, amount, or rate would occur via a Project Completion Amendment after certified project completion.
Document type
Agreement
Source document
Washington State Public Works Board Pre-Construction Funding Agreement 2026-07-28

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of College Place?

City of College Place was awarded this financial services contract by City of College Place, as recorded on July 28, 2026. The contract value is $1,000,000.00 loan (Total PWB Funding $1,000,000.00).

How much is the City of College Place contract with City of College Place worth?

The City of College Place contract with City of College Place is valued at $1,000,000.00 loan (Total PWB Funding $1,000,000.00), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agreement record.

Where was this contract approved?

This contract appears in Washington State Public Works Board Pre-Construction Funding Agreement 2026-07-28 (Agreement), dated July 28, 2026 from City of College Place. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does City of College Place hold?

City of College Place may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is City of College Place currently buying?

Explore City of College Place's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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