CITY OF CLE ELUM REC CENTER LARGE CAP APPLICATION

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12 2. Funding Sources Construction funding: Upper Kittitas County voters will be asked to fund approximately 75–80% of the project’s construction cost through bonds secured by property tax revenues. Based on an assessed valuation of $7 billion across the upper county, the estimated impact is $0.39 per $1,000 of assessed value. As the region continues to grow, this cost per thousand is expected to decline with increasing total assessed value. To complement the bond funding, the Project Committee is committed to raising at least $10 million in non-bond funds through a combination of targeted public and private sources. A $4 million grant from the Kittitas County Lodging Tax Fund would significantly strengthen the project’s fundraising position—enhancing the likelihood of meeting or exceeding the $10 million goal and demonstrating broad public support for the facility. Recognizing that major donors will require clarity regarding ownership and long-term governance, the Project Committee has prudently delayed launching a formal capital campaign until those structures are finalized. The Upper Kittitas County Community Recreation Center Alliance (UKC CRCA) will not be the facility’s owner or operator, but it will continue to lead fundraising efforts once the governing entities responsible for construction, operations, and public funding are in place. Since 2021, the following funds have been raised: Source Amount Purpose / Notes Suncadia (2021) $2,000,000 Funded feasibility study, schematic and detailed design Suncadia/Bullfrog Flats (Promissory Note) $2,000,000 (due 2028) Legally obligated contribution to City of Cle Elum for the project Hein Legacy Foundation $20,000 secured + $1–2M committed Additional $1–2M contingent on bond + sales tax approval Kittitas County (2023) $133,000 Used to complete construction documents Suncadia Fund for Community Enhancement (2023) $10,000 Applied to construction document completion City of Cle Elum (2022–2025) $168,000 Includes project management fees and lodging tax funds WA State Capital Budget (2025) $155,000 For signage and site work Individual Donor $100,000 Held and used for reimbursable pre- development activities UKC CRCA has a comprehensive list of targeted public and private funding sources. The group is confident in its ability to secure the targeted construction funding over time.