City of Enumclaw City Council Agenda Packet April 27 2026
City Amends Ecology Loan for RBC Project
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Description
Enumclaw is amending its Department of Ecology loan for the RBC Building Upgrade Project from $2.5 million to $2.72 million. The 20-year loan at 1.2% interest will cover most project costs, with only $40,000 coming from the sewer utility fund.
Contract Details
Contract Amount
$2,720,000 (loan amount after amendment; original $2,500,000)
Vendor
DEPARTMENT OF ECOLOGY
Agency
City of Enumclaw, WA
Contract Type
FINANCIAL_SERVICES
Document Date
April 27, 2026
Contract Term
20-year loan at 1.2% interest
Renewal Date
2044-01-22
Renewal Info
Existing 20-year loan agreement for the RBC Building Upgrade Project is being amended to increase principal by $220,000 to $2,720,000; interest rate remains 1.2% with no local cost share requirement.
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