CONTRACTPENDING

City extends contingent loan backing to new PFD notes

Disclosed value: Up to a maximum principal amount of $15,000,000; From agenda
Document date: Sep 15, 2025

What it covers

Lynnwood will amend its 2004 contingent loan interlocal agreement with the Lynnwood Public Facilities District to back up to $15 million of new Subordinate Notes. The amendment designates the Notes as Long-Term Obligations and obligates the City to cover any payment shortfalls to the Snohomish County Treasurer.

Who holds it

Lynnwood Public Facilities District holds this financial services contract with City of Lynnwood.

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Contract details

Contract type: Financial Services
Amount: Up to a maximum principal amount of $15,000,000
Document date: September 15, 2025
Vendor: Lynnwood Public Facilities District
Agency: City of Lynnwood
Source document: city-of-lynnwood-city-council-work-session-agenda-september-15-2025_c9d.pdf (Agenda)

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Questions about this contract

Who was awarded the financial services contract by City of Lynnwood?

Lynnwood Public Facilities District was awarded this financial services contract by City of Lynnwood, as recorded on September 15, 2025. The contract value is Up to a maximum principal amount of $15,000,000.

How much is the Lynnwood Public Facilities District contract with City of Lynnwood worth?

The Lynnwood Public Facilities District contract with City of Lynnwood is valued at Up to a maximum principal amount of $15,000,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in city-of-lynnwood-city-council-work-session-agenda-september-15-2025_c9d.pdf (Agenda), dated September 15, 2025 from City of Lynnwood. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Lynnwood Public Facilities District hold?

Lynnwood Public Facilities District 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 City of Lynnwood currently buying?

Explore City of Lynnwood's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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