Benton-Franklin Council of Governments Board Meeting Agenda May 2026
BFCOG Approves Loan Portfolio Transfer to TEDD
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Description
The BFCOG Board authorized a buyout and transfer of its remaining non-federal revolving loan fund portfolio and the EDA CARES RLF capital base to the Tri-County Economic Development District. The transaction, totaling roughly $1.35 million in loan assets and capital, is expected to be completed by June 30, 2026.
Contract Details
Contract Amount
Approximately $248,432 plus transfer of CARES RLF portfolio with capital base of approximately $1.1 million
Vendor
TRI-COUNTY ECONOMIC DEVELOPMENT DISTRICT
Agency
Tri-Cities Regional Public Facilities District, WA
Contract Type
FINANCIAL_SERVICES
Document Date
May 14, 2026
Contract Term
Through anticipated completion by June 30, 2026
Renewal Date
2026-06-30
Renewal Info
One-time buyout and transfer of remaining non-federal RRLF loans and CARES RLF portfolio; not structured as a renewable agreement.
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DISCUSSEDIssuing Agency
Tri-Cities Regional Public Facilities District
Special District
Richland, WA
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