FINAL PFM Bond Resolution-LTGO Refunding Bond 2020

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EXHIBIT B C O S T S O F I S S U A N C E A G R E E M E N T KITTITAS COUNTY, WASHINGTON LIMITED TAX GENERAL OBLIGATION REFUNDING BOND, 2020 THIS COSTS OF ISSUANCE 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 ___________________, ____________, ____________, as Escrow Agent (herein, together with any successor in such capacity, called the “Escrow Agent”). WI TNES S ET H: WHEREAS, pursuant to Resolution No. _____ 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, simultaneously herewith, the County is entering into an Escrow Deposit Agreement, dated __________ __, 2020 under which the Escrow Agent will hold invested proceeds of the Bond in order to pay and redeem the refunded bonds under the terms set forth therein; and WHEREAS, certain proceeds of the Bond will be delivered to the Escrow Agent on the date of issuance of the Bond that are required to be disbursed to pay costs of issuance of the Bond; and WHEREAS, the Escrow Agent has agreed, without additional compensation to disburse the Bond proceeds received to pay costs of issuance under the terms of this Agreement; Section 1. Deposit in the Costs of Issuance Fund. The Escrow Agent has created on its books a special trust fund and Refunding Account to be known as the Costs of Issuance Fund. The Escrow Agent agrees that upon receipt it will deposit to the credit of the Costs of Issuance Fund Account the sum of $__________ to pa y those costs of issuance set forth on Exhibit A. Such deposit, all proceeds therefrom, and all cash balances on deposit therein shall be the property of the Costs of Issuance Fund to pay those costs of issuance set forth on Exhibit A upon receipt of invoices. If any of the $___________ deposit allocated for costs of issuance for the Bond remains unspent on ____________, 2020, the Escrow Agent shall transfer such unspent amount to the County, and this Agreement shall be deemed fully performed and terminated.