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BOARD OF COUNTY COM MSSIONERS
<br />COUNTY OF KITTITAS
<br />STATE OF WASHINGTON
<br />RESOLUTION NO 2018-.
<br />A Resolution Authorizing tate 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 />K' Iiod
<br />(lend
<br />Total
<br />Ending
<br />Nficipal
<br />Coupon
<br />Tnta-tst
<br />Debt 8mvice
<br />aalance
<br />Band VAILIC
<br />1x/D1l20I7
<br />72,000
<br />1 "Wo
<br />43,162.64
<br />115.162,64
<br />1,439,000
<br />1{439,000
<br />12JO112019
<br />77,000
<br />2.000%
<br />44,372.40
<br />121,37240
<br />1,362,0D0
<br />1,362,000
<br />1W1130f9
<br />79,000
<br />2.310%
<br />42,832.40
<br />121,832.40
<br />1.283,000
<br />1,283,00D
<br />IMI2020
<br />81.000
<br />2.630%
<br />41,007.50
<br />1221007.50
<br />11202,000
<br />112021000
<br />TOIn021
<br />83,000
<br />2,89o%
<br />36,877.20
<br />[21,877.7.0
<br />1,119,000
<br />1,119,000
<br />I2/ol/2022
<br />85,000
<br />3140%
<br />36,478.50
<br />121,476.5n
<br />1,034,000
<br />1,034,000
<br />12/01/2023
<br />88,000
<br />152096
<br />33.809.50
<br />1211809.30
<br />946,000
<br />946,000
<br />12A) U2024
<br />91.000
<br />3,36090
<br />311,711.90
<br />121,711.90
<br />955,000
<br />855,00D
<br />12/01/2025
<br />94.000
<br />4.100%
<br />27,199.30
<br />121,199.30
<br />761,000
<br />761,000
<br />12/ol/1026
<br />98,000
<br />4.270%
<br />23,349.30
<br />121,345.30
<br />663,000
<br />663,000
<br />12/01/2027
<br />103,000
<br />2.8904'1,
<br />14,160.10
<br />122.160.10
<br />560,000
<br />560,000
<br />1210111028
<br />106,000
<br />2,89046
<br />16,164.00
<br />122.184.00
<br />454,000
<br />454,000
<br />12/01/2029
<br />109,000
<br />2.990%
<br />13,120.60
<br />122.120.60
<br />34S,000
<br />345,000
<br />12101/2030
<br />112,00()
<br />2,990%
<br />9.970.50
<br />121,970.50
<br />233,000
<br />233,0011
<br />12/01/2031
<br />115,000
<br />2.89D%
<br />6.733.70
<br />121,733.70
<br />II8,0D0
<br />118,000
<br />1210112032
<br />11$0110
<br />2.89090
<br />3,410.20
<br />121.410.20
<br />1,51 LWO
<br />430,376.34
<br />1.94 [,376.34
<br />WHEREAS, on October 24, 2017, during the preliminary budget departmental study sessions,
<br />the Board made a (notion 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 fiends from the Public Facilities Fund to Fund 2012016 General Obligation bond.
<br />
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