$28M Letter of Credit Secures School Funding Facility
Enumclaw School DistrictSchool · Enumclaw, WA- Disclosed value
- Letter of Credit up to $28,000,000 (revolving loan facility for school construction advances)
- From agreement
- Document date
- Oct 21, 2025
The 30-second brief
Enumclaw School District will utilize an irrevocable standby Letter of Credit from JPMorgan Chase Bank for up to $28 million to secure developer's loan advances for New Elementary School construction. The Letter of Credit includes strict conditions on draws and duration, expiring after funding milestones or full repayment.
Jpmorgan Chase Bank holds this financial services contract with Enumclaw School District. Its other public contracts on record include work for Research Triangle Regional Public Transportation Authority and City of Owasso.
Term as filed: Until Developer advances $25,000,000 in principal under Financing Agreement and pays $3,000,000 for Joint Recreational Facilities, or 1 year after school certificate of occupancy, or other triggers in Section 1.18.
See who signed off on this contract.
See who signed offFree account · 30-second setup · No credit card
Contract details
- Contract type
- Financial Services
- Amount
- Letter of Credit up to $28,000,000 (revolving loan facility for school construction advances)
- Document date
- October 21, 2025
- Term
- Until Developer advances $25,000,000 in principal under Financing Agreement and pays $3,000,000 for Joint Recreational Facilities, or 1 year after school certificate of occupancy, or other triggers in Section 1.18
- Vendor
- Jpmorgan Chase Bank
- Agency
- Enumclaw School District
- Source document
- first_amendment_to_comprehensive_school_mitigation.pdf (Agreement)
Jpmorgan Chase Bank's other public contracts
More Enumclaw School District contracts
Questions about this contract
Who was awarded the financial services contract by Enumclaw School District?
Jpmorgan Chase Bank was awarded this financial services contract by Enumclaw School District, as recorded on October 21, 2025. The contract value is Letter of Credit up to $28,000,000 (revolving loan facility for school construction advances).
How much is the Jpmorgan Chase Bank contract with Enumclaw School District worth?
The Jpmorgan Chase Bank contract with Enumclaw School District is valued at Letter of Credit up to $28,000,000 (revolving loan facility for school construction advances), 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 first_amendment_to_comprehensive_school_mitigation.pdf (Agreement), dated October 21, 2025 from Enumclaw School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
Show 2 more questions
What other contracts does Jpmorgan Chase Bank hold?
Jpmorgan Chase Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Enumclaw School District currently buying?
Explore Enumclaw School District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.