Benton-Franklin Council of Governments Board Meeting Agenda Packet
BFCOG Approves RLF Portfolio Transfer to Tri-County EDD
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Description
The BFCOG Board authorized its Executive Director to finalize a buyout and transfer of the remaining non-federal revolving loan portfolio, totaling roughly $248,432, and the EDA CARES RLF capital base of about $1.1 million to the Tri-County Economic Development District. The action consolidates regional loan administration and returns buyout proceeds to BFCOG’s PWEDA fund.
Contract Details
Contract Amount
Approximately $248,432 plus transfer of about $1.1 million in CARES RLF 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
One-time buyout and transfer of remaining non-federal RRLF loans and CARES RLF capital base to Tri-County Economic Development District; completion anticipated by June 30, 2026, with a final accounting summary to be presented to the Board.
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DISCUSSEDIssuing Agency
Tri-Cities Regional Public Facilities District
Special District
Richland, WA
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