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BOARD OF COUNTY COMMISSIONERS
<br />COUNTY OF KITTITAS
<br />STATE OF WASHINGTON
<br />RESOLUTION NO 2018-
<br />A Resolution Authorizing the Payment of the debt on the Shady Brook property from Fund 108
<br />Public Facilities 0.09 Distressed County funds
<br />WHEREAS, on August 18, 2016; the Board of County Commissioners conducted a public
<br />hearing regarding the purchase of the Shady Brook (Shady Acres) Mobile home park. During the public
<br />hearing the board discussed the funding options for debt, which included the 0.09 distressed counties
<br />sales tax, and
<br />WHEREAS, on August 29, 2016, the Board approved Resolution 2016-110 to finance this
<br />purchase and the purchase of a water right along with certain jail improvements, and
<br />WHEREAS, on September 12, 2016, the Board of County Commissioners purchased the Shady
<br />Brook Mobile Home Park in the total amount of $1,452,711.40 including all fees, and
<br />WHEREAS, on December 20, 2016, the County Treasurer received the financing funds with the
<br />amortization schedule as follows, and
<br />1`niod
<br />Bond
<br />"Fatal
<br />pMing
<br />Principal
<br />Coupon
<br />Interest
<br />Debt Service
<br />Bahmce
<br />Bond value
<br />12/01/2017
<br />72,000
<br />1.660%
<br />43,162.64
<br />1t5.162.64
<br />1,439,011)
<br />1,439,000
<br />12/0712018
<br />77,000
<br />2.000%
<br />44,372,40
<br />121,372.40
<br />1,362,000
<br />1,362.000
<br />12:0112019
<br />79,000
<br />2.310°%
<br />42,832.40
<br />121,832,40
<br />1,283,000
<br />1,283,000
<br />12/07/2020
<br />81,000
<br />2.630%
<br />41,007,511
<br />122,007,50
<br />1,202,000
<br />1,202,000
<br />12701/2021
<br />83,000
<br />2.890%
<br />38,81120
<br />121,871.20
<br />1,119,000
<br />1,119,00l)
<br />12/012022
<br />85.000
<br />3.140%
<br />336,478.50
<br />121.478.50
<br />1,034,000
<br />1,034,000
<br />12/01/2023
<br />88,000
<br />3.520%
<br />33,80950
<br />121.80950
<br />946,000
<br />946,000
<br />12101/7024
<br />91,000
<br />3.860%
<br />30,711.90
<br />121911.90
<br />855,000
<br />855,000
<br />12;014025
<br />94,000
<br />4.100%
<br />27.19930
<br />121,199.30
<br />761,000
<br />761,()00
<br />12101!2026
<br />98,000
<br />4.270%
<br />23,345.30
<br />121.345.30
<br />663,000
<br />663,000
<br />12(01/2027
<br />103,000
<br />2.890%
<br />19.160.70
<br />122,160.70
<br />560,000
<br />560,000
<br />I JO L2028
<br />106,000
<br />2.890%
<br />16,184.00
<br />122,184,00
<br />454,000
<br />454,000
<br />12/0/12029
<br />109.000
<br />2.890%
<br />13,120,60
<br />122.120,60
<br />345,000
<br />345,000
<br />12/01/2030
<br />114000
<br />2.890%
<br />9,970.50
<br />121.970.50
<br />233,000
<br />233,000
<br />12/012031
<br />115.000
<br />2.89095
<br />6,133.70
<br />121,73390
<br />118,000
<br />118,000
<br />12/01/2032
<br />118.000
<br />2.8909E
<br />3,410.20
<br />121.410.20
<br />1,511,000
<br />430,376.34
<br />1,941,376,34
<br />WHEREAS, on October 24, 2017, during the preliminary budget departmental study sessions,
<br />the Board made a motion that a resolution be prepared for the Board to approve the debt payments come
<br />from Fund 108 Public Facilities the 0.09 distressed counties sales tax fund.
<br />NOW THEREFORE BE IT RESOLVED, the Board authorizes the County Auditor's office to
<br />transfer the funds from the Public Facilities Fund to Fund 201 2016 General Obligation bond.
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