FINAL PFM Bond Resolution-LTGO Refunding Bond 2020

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A-1 502686980 v1 EXHIBIT A E S C R O W D E P O S I T A G R E E M E N T KITTITAS COUNTY, WASHINGTON LIMITED TAX GENERAL OBLIGATION REFUNDING BOND, 2020 THIS ESCROW AGREEMENT, dated as of __________, 2020 (herein, together with any amendments or supplements hereto, called the “Agreement”) is entered into by and between Kittitas County, Washington (herein called the “County”), and U.S. Bank National Association, Seattle, Washington, as Escrow Agent (herein, together with any successor in such capacity, called the “Escrow Agent”). The notice addresses of the County and the Escrow Agent are shown on Exhibit A attached hereto and made a part hereof. WIT N E S S E T H : WHEREAS, the County heretofore has issued and there presently remain outstanding the obligations described in Exhibit B attached hereto (the “Refunded Bonds”); and WHEREAS, pursuant to Resolution No. 2020-____ passed on January 21, 2020 (the “Bond Resolution”), the County has determined to issue its Limited Tax General Obligation Refunding Bond, 2020 (the “Bond”); and WHEREAS, the proceeds of the Bond are being used for the purpose of providing funds to pay the costs of refunding the Refunded Bonds; and [WHEREAS, __________________, Certified Public Accountants, of ________, __________, has prepared a verification certificate which is dated ________ __, 2020 (the “Verification Certificate”) relating to the source and use of funds available to accomplish the refunding of the Refunded Bonds, the investment of such funds and the adequacy of such funds and investments to provide for the payment of the debt service due on the Refunded Bonds; and] WHEREAS, simultaneously herewith, the County is entering into a Cost of Issuance Agreement with the Escrow Agent to provide for the payment of costs of issuance relating to the Bond; and WHEREAS, pursuant to the Bond Resolution, the Refunded Bonds have been designated for redemption prior to their scheduled maturity dates and, after provision is made for such redemption, the Refunded Bonds will come due in such years, bear interest at such rates, and be payable at such times and in such amounts as are set forth in Exhibit C attached hereto and made a part hereof; and WHEREAS, when Escrowed Securities have been deposited with the Escrow Agent for the payment of all principal and interest of the Refunded Bonds when due, then the Refunded Bonds shall no longer be regarded as outstanding except for the purpose of receiving payment from the funds provided for such purpose; and