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BOARD OF COUNTY COMMISSIONERS <br />COUNTY OF KITTITAS <br />STATE OF WASHINGTON <br />RESOLUTION <br />NO. <br />AUTHORIZING THE ASSIGNMENT OF SUNCADIA RESORT DEVELOPMENT <br />AGREEMENT ENTITLEMENTS TO CHIC BANK <br />WHEREAS: The Board of County Commissioners authorized the transfer of New <br />Suncadia development agreement entitlements to Suncadia Resort with <br />Resolution 2021-100; and <br />WHEREAS: Real Capital Solutions working with Lowe Enterprises does now request <br />authority to assign Suncadia Resort development entitlements to CIBC <br />Bank securing a line of credit for land use development in Suncadia <br />Resort; and <br />WHEREAS: The Board of County Commissioners have been duly briefed on the <br />matter by Public Works staff and staff support the assignment action. <br />NOW, THEREFORE BE IT RESOLVED: The Board of County Commissioners, after due <br />consideration, does hereby authorize the assignment of Suncadia Resort development agreement <br />entitlements to CIBC Bank as requested by Real Capital Solutions. <br />DATED this 7' day of March 2023, at Ellensburg, Washington. <br />Attest: <br />❑ Clerk of the Board- Julie Kjorsvik <br />❑ Deputy Clerk of the Board- Mandy Buchholz <br />BOARD OF COUNTY COMMISSIONERS <br />KITTITAS COUNTY, WASHINGTON <br />Cory Wright, Chairman <br />Brett Wachsmith, Vice -Chairman <br />Laura Osiadacz, Commissioner <br />