FINANCIAL_SERVICESAMENDED

City of Enumclaw Agenda Packet 2026-06-22

Enumclaw Amends PWB Loan for SR410 Sewer Upgrade

$4,400,000City of Enumclaw cityWASHINGTON STATE DEPARTMENT OF COMMERCE PUBLIC WORKS BOARDJune 22, 2026

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Description

The City of Enumclaw will amend its $4.4 million Public Works Board construction loan to shift roughly $1,000,000 in funding from wastewater treatment plant screen replacement to a 1,300‑foot sewer main upgrade along SR410. The amendment keeps the original loan term through June 1, 2043 while updating the scope to better reduce sewer overflows during major storm events.

Contract Details

Contract Amount

$4,400,000

Vendor

WASHINGTON STATE DEPARTMENT OF COMMERCE PUBLIC WORKS BOARD

Agency

City of Enumclaw city, WA

Contract Type

FINANCIAL_SERVICES

Document Date

June 22, 2026

Contract Term

Loan term 20 years; contract end date June 1, 2043; 60 months from execution to project completion

Renewal Date

2043-06-01

Renewal Info

Original construction loan authorized February 27, 2023, remains in effect; Amendment A only revises scope of work without changing principal, interest rate (1.39%), loan term (20 years), or payment schedule.

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