Mason County PUD No. 1 Board Meeting Agenda March 10 2026
DOH Awards $1.4M Loan for Water Upgrades
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Description
Mason County PUD No. 1 was awarded a $1,397,697 loan from the Washington State Department of Health for the Viewcrest Beach Infrastructure Upgrade. The contract features a 24-year term, 50% principal forgiveness, and a 1.75% interest rate.
Contract Details
Contract Amount
$1,397,697.00
Vendor
WASHINGTON STATE DEPARTMENT OF HEALTH
Agency
Mason #1 PUD, WA
Contract Type
FINANCIAL_SERVICES
Document Date
March 10, 2026
Contract Term
24 Years
Renewal Date
2049-10-01
Renewal Info
Principal loan forgiveness at project completion (50%). Repayment due annually every October 1 through 10/01/2049. Extensions possible with written request and DOH approval.
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