2023-04-10-minutes-public-works-study-session

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Table 1: District General Obligation Bonding Capacity School district boundaries evaluated Assessed Value GO Bonds at 0.0125 Tho +Cle Elum+Rosi n+Easton $ 7,574,617,364.00 $ 94,682,717.05 Cle Elum+Rosi n+Easton $ 7,147,052,583.00 $ 89,338,157.29 Cle Elum+Rosin $ 6,062,929,618.00 $ 75,786,620.23 Easton $ 1,084,122,965.00 $ 13,551,537.06 Easton includes Suncadia, Easton and Hyak. It is anticipated that youth from Cle Elum to Snoqualmie Pass would likely utilize the Cle Elum facility, hence a district comprised of Cle Elum/Roslyn/Easton seems reasonable. Eliminating Thorp does not significantly devalue district bonding capacity. Formulation. The BoCC is aware that formulation minimally requires a majority vote by resolution and the required Department of Commerce feasibility study. An option at formulation is the imposition of 0.002 percent sales and excise tax along with lodging tax within the district. Staff placed a call to DOC on 04/05/2023 asking if a separate lodging tax within the district could be layered over the county's current lodging tax. DOC staff could not provide an answer as of the time of this briefing. Both actions would commence following a simple majority of voters within the district boundaries. The advantage is putting in place, from the onset, sufficient revenue offsetting operational costs. The formulation process also requires establishment of the administrative component of the district. A selection of five, seven or nine commissioners is available to the BoCC for consideration. Five or seven board of directors appointed by the county legislative authority and must reflect the interests of the cities in the county as well as unincorporated area of the county. At least one member must represent the lodging industry if lodging tax is imposed. Members serve four years, two of the five staggers at two years or three of the seven staggers at two years. It seems the discussion on the number of commissioners serving is best evaluated by boundary selection and the BoCC's desire incorporating the cities of Cle Elum and Roslyn by interlocal agreement (allowed in the legislation). If that is the case, then two would represent the two cities, one would represent the lodging industry (presuming we get a favorable answer from Commerce) leaving two to represent the county as a minimum formulation. Review of Commerce Previous Feasibility Studies. PW obtained and reviewed a half dozen previous feasibility studies prepared pursuant to Revised Code of Washington 43.110.030 or 43.110.080 (EXHIBIT 1). A compilation of table of contents from three county feasibility studies (Lewis, Cowlitz, and Asotin) is provided for BoCC consideration (EXHIBIT 2). It appears that much of what the Upper Kittitas County Community Recreation Center Alliance (UKCCRCA) has already produced will be central to feasibility consideration. The county will also need to forecast sales and use tax revenue along with lodging tax (if allowed) revenue against operational costs. An Page 2 of 5 Public Works "Work Session Staff Report", 2023