Benton-Franklin Council of Governments Board Meeting Agenda Packet May 2026
BFCOG Approves RLF Portfolio Transfer to TEDD
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Description
BFCOG authorized its Executive Director to execute the sale and transfer of its remaining non-federal regional revolving loan fund portfolio, totaling about $248,432, and to transfer approximately $1.1 million in EDA CARES loan capital to the Tri-County Economic Development District. The transaction is expected to be completed by June 30, 2026, subject to final EDA approval.
Contract Details
Contract Amount
Approximately $248,432 plus transfer of $1.1 million capital base
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
Action authorizes one-time buyout and transfer of remaining non-federal RRLF loans and EDA CARES revolving loan fund assets; no ongoing renewal contemplated.
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DISCUSSEDIssuing Agency
Tri-Cities Regional Public Facilities District
Special District
Richland, WA
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