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<br />RESOLUTION NO. 2020-____ <br /> <br /> <br />A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF <br />KITTITAS COUNTY, WASHINGTON, PROVIDING FOR THE <br />ISSUANCE AND SALE OF A LIMITED TAX GENERAL <br />OBLIGATION REFUNDING BOND IN THE PRINCIPAL AMOUNT OF <br />NOT TO EXCEED $6,750,000 TO PROVIDE FUNDS TO REFUND <br />CERTAIN OUTSTANDING LIMITED TAX GENERAL OBLIGATION <br />BONDS OF THE COUNTY; PROVIDING THE FORM OF SAID BOND <br />AND APPROVING THE SALE OF SUCH BOND; DELEGATING <br />CERTAIN AUTHORITY TO APPROVE THE FINAL TERMS OF THE <br />BOND TO THE COUNTY REPRESENTATIVE IN CONNECTION <br />WITH THE SALE; APPOINTING AN ESCROW AGENT; AND <br />AUTHORIZING THE EXECUTION OF AN ESCROW AGREEMENT <br />RELATED TO SUCH REFUNDING. <br /> <br /> WHEREAS, Kittitas County, Washington (the “County”) has outstanding its Limited Tax <br />General Obligation and Refunding Bonds, 2010, issued on September 30, 2010, pursuant to <br />Resolution No. 2010-099 adopted by the Board of County Commissioners (the “Board”) on <br />September 22, 2010 (the “2010 Bond Resolution”), which remain outstanding as follows: <br />Maturity Year <br />(December 1) <br /> <br />Principal Amount <br /> <br />Interest Rate <br />2020 $ 510,000 3.000% <br />2021 520,000 3.000 <br />2022 530,000 3.000 <br />2023 555,000 3.000 <br />2024 565,000 3.125 <br />2025 590,000 3.250 <br />2026 610,000 3.375 <br />2027 625,000 3.375 <br />2028 650,000 3.500 <br />2029 665,000 3.625 <br />2030 690,000 3.750 <br />(the “2010 Bonds”); and <br />WHEREAS, the 2010 Bonds are subject to redemption, at the option of the County, prior <br />to their stated maturity, on any date on or after June 1, 2020, in whole or in part, and if in part,