FINANCIAL_SERVICESPLANNED

WCDA Plans $4M REDL Financing Via Tri-County EMC

Under the economic development agreement, WCDA will secure $4 million in Rural Economic Development Loans through Tri-County Electric Membership Corporation to help finance two shell industrial buildings at ParkEast. The loans are expected to feature at least a two-year deferral before repayment to USDA begins.

Document date · December 20, 2022

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TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Scope & details

The full contract record, as filed.

Contract amount
$4,000,000 in Rural Economic Development Loans (REDL)
Contract type
FINANCIAL_SERVICES
Contract term
Deferral period anticipated of at least two years before repayment
Renewal
REDL loans anticipated with a deferral period of at least two years; repayment obligations fall to WCDA if buildings are not sold within deferral.
Document type
AgendaPacket
Source document
Wayne County Board of Commissioners AgendaPacket 2022-12-20

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Eureka?

Tri-county Electric Membership Corporation was awarded this financial services contract by Town of Eureka, as recorded on December 20, 2022. The contract value is $4,000,000 in Rural Economic Development Loans (REDL).

How much is the Tri-county Electric Membership Corporation contract with Town of Eureka worth?

The Tri-county Electric Membership Corporation contract with Town of Eureka is valued at $4,000,000 in Rural Economic Development Loans (REDL), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Wayne County Board of Commissioners AgendaPacket 2022-12-20 (AgendaPacket), dated December 20, 2022 from Town of Eureka. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Tri-county Electric Membership Corporation hold?

Tri-county Electric Membership Corporation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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