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KITTITAS COUNTY BOARD OF COUNTY COMMISSIONERS <br />RESOLUTION NO. 2023 - r <br />A Resolution Authorizing Use of "REET 1" Revenues for Debt -Service <br />Costs Relating to the Construction of a New Transfer Station Facility. <br />WHEREAS, Kittitas County will construct a new lower -county transfer station in 2024; and <br />WHEREAS, the County has secured a $10 million loan to cover a portion of construction costs; and <br />WHEREAS, management has modeled scenarios for loan repayment including transfer station fee <br />increases and use of Real Estate Excise Tax ("REET") revenues; and <br />WHEREAS, the County recognizes that its solid waste fee structure is an important variable in the <br />success and sustainability of its overall economic growth, ecological, and quality -of -life initiatives; <br />NOW, THEREFORE BE IT RESOLVED by the Board of County Commissioners that "REET 1" <br />revenues are authorized for repayment of loan(s) secured for the construction of the lower -county <br />transfer station beginning in 2025, or upon completion of the aforementioned project, in amounts to be <br />determined by the BOCC, and subject to annual appropriations not to be less than 50% of the total cost <br />of the annual loan payments. <br />Dated this 121h day of September, 2023. <br />' CQiIUTiI�s\ <br />�/r ._y.��: \ <br />SEAL .� <br />2,f2 <br />lerk of th oard <br />BOARD OF COUNTY COMMISSIONERS <br />KITTITAS 0 NTY WASHINGTON <br />Chairman <br />Vice Ch irman <br />ABSENT <br />Commissioner <br />