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BOARD OF' COI,INTY COMMII}SIONIDRS <br />COUNTV OF']KITTITAS <br />STATE OF WASIilNGTON <br />RE|SOLUTIOiY <br />No. z0l5 - r/05 <br />RESOLUTION TO APPIIOVE A SUBORDIIYATION OF REVERSIONARY <br />INTEREST BETWEEJ\ U.S. BI\I[K ITIATIONAL ASSiOCIAIIION AFID <br />CARRERA HANGARS BOWERS ITIELD LP FOR PROPERTY LOC/'TED AT <br />BOIVERS T'IELD <br />WHEREAS: Kittitas Cognty received,a request from Carrera Hangars Bowers Field LP <br />to amend theii lease in Sr:ptemb er 20X.4 to allow for financing options on <br />the hangar loca1ed at Bovvers Fir:ld, dr:scribed as Lot H20A of the Airport <br />Binding Site Plan; and <br />WHEREAS: U.S. Bank National Association is requesting that a Subc,rdilration of <br />Reversionary Irrterest be signecl to grant frrst lien status for the financing <br />being requested by carrera Hangars Bowers Field LP; and <br />NOW, THERFORE BE IT RESOLVED The Board of county commissioners does <br />hereby in the best interest of the public, move to approve said Resolution to sign the <br />Subordination of Reversionary Interest between U.S. Bank National Association, Kittitas <br />County and Carrera Hangars Bowers Field LP. <br />ADOPTED this l4tl'day of Jarruary,201.5, at Ellenstrurg, Washington <br />BOARD OF COI.NNTY COMMISSIONERS <br />KITTITAS COLINTY, WT\SHINGTON <br />SEAL j <br />Chairman <br />l[B$f,:h{"1"of the B oard <br />Obie O'Brien, Vice-Chainnan <br />Commissioner