Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Redmond approves $81.25 million DEQ loan package to finance Wetlands Complex construction
Summary
The Redmond City Council approved a resolution to convert a design loan into construction financing and authorize up to $81.25 million in Clean Water State Revolving Fund amendments to build the Redmond Wetlands Complex; staff said the project is expected to be complete in winter 2027 and the wastewater fund can support the debt.
Redmond City Council on June 10 approved a resolution authorizing amendments to a Clean Water State Revolving Fund loan that will convert a design loan into construction financing and authorize up to $81,250,000 for the Redmond Wetlands Complex.
The loan resolution, introduced by Linda Korn, the city’s budget analyst overseeing utilities, converts the design loan into a construction loan and adds an initial $40 million amendment; staff told council a second DEQ amendment for roughly $34.825 million is expected in the first quarter of fiscal 2026. Korn said the council will approve the loan amendments in two steps and that the project is expected to be completed in…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
