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are applicable for Event Center capital funding from two alternative Funding facilities with ownership and/or <br />perspectives:management offering clear profit <br />potential <br />•As a first-in resource -to leverage capital dollars from other Donations O e Best for capital facilities with <br />non-tax sources broad public use &donor appeal, <br />=As a last-in resource -to fill the remaining gap after applying possibly used in conjunction with <br />other available non-tax revenue sources of funding naming rights <br />Federal &State O e Relatively few sources which can <br />Grants be highly competitive;optionsDeterminingwhichpathtotakewillrepresentanimportantcurrentlymayincludestatestrategicchoicefortheCounty-as it will affect how other sources distressed county sales tax or <br />can be most effectively tapped,as well-federal USDA or EDA funding <br />Public O e Formed by action of County withFundingoptionsFacilitiesoptionsforvoterapproved <br />District (PFD)property tax,up to 0.2%sales tax, <br />A range of funding sources is potentially available to support Event non-voted admissions (5%)and <br />Center capital improvements.Some funding sources may have parking (10%)tax revenue sources <br />capacity to support all anticipated Event Center capital project Parks District e e Requires voter approval as <br />separate taxing districtcosts,subject to legislative and,in some cases,voter approval..Revitalization **Repaid w/added taxes,possibleOthersourcesrealisticallyavailable,at best,may support only a Financing (LRF)combo as with the state's recentportionoftotalprojectcosts.CERB-LIFT program or under the <br />auspices of a Public Development <br />The following chart provides a summary listing of current and Authority (PDA) <br />potential funding resources for Event Center facilities.Voted GO Bond +e Voted general obligation (GO) <br />Fund Option Ops Cap Comments bonding requires 60%super- <br />Lodging Tax e e Broad statutory authority for majority voter approval <br />tourism marketing,special Non-Voted GO +•Non-voted GO debt does not <br />events/festivals,operational or Revenue require voter approval up to <br />expenses of public and non-profit Bond amount of available non-voted <br />facilities,and capital funding of capacity;revenue bonds may be <br />public facilities;not available for issued without GO backing subject <br />privately owned facilities to adequate debt coverage of <br />General Funds e e Has served as major source of clearly identified source of <br />fairgrounds gap funding to date;repayment <br />competes with funding essential Special O O State funding or authorization of <br />public services Legislation mechanisms (such as lodging tax <br />User Fees e O Can range from apportionment of adjustments)for fairgrounds <br />concessionaire revenues to rentals related improvements;could occur <br />for facility use (especially for event for Ellensburg only or in <br />center facilities available on a year-cooperation with other interested <br />round basis)fairgrounds statewide. <br />Private O e Best option for year-round Ops =annual operating costs,Cap =capital facility projects <br />21