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Pasco authorizes $3.5 million low‑interest loan/grant for Lewis Street underpass demolition
Summary
The City of Pasco approved Resolution 4709 to accept a $3.5 million low‑interest loan/grant from the state Public Works Board to demolish the Lewis Street underpass; staff said roughly half is forgivable and the other half is a 20‑year loan at 1.06% with estimated annual debt service of about $100,000 to be repaid from the REIT fund.
The Pasco City Council on March 2 unanimously approved Resolution 4709 authorizing the city manager to execute a $3.5 million low‑interest loan/grant agreement from the state Public Works Board to pay for demolition of the Lewis Street underpass.
Public Works Director Sarah told the council the city must remove the top six feet of the underpass to satisfy an earlier easement agreement with BNSF Railway. Because the demolition was not included in the…
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