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All other funding avenues have been thoroughly pursued and exhausted, includingfederal <br />infrastructure dollars over the past four years. The $3 million Lodging Tax Advisory <br />Committee (LTAC) grant —through the Large Capital Projects initiative —represents the <br />final, critical component to close the funding gap. <br />Importantly, the initial DOC grant awarded in 2021 is contingent upon full project funding. If <br />that threshold isn't met in time, those state funds may be reabsorbed into the state budget. <br />Securing the LTAC funding would unlock this $1.5 million grant and allow construction to <br />proceed without further delay or risk of escalating costs. <br />Finally, securing the DOC and LTAC grant funds will significantly reduce the required debt <br />service to $8 million. This approach not only lightens the financial load across all partners <br />and taxpayers, but also minimizes long-term interest costs —making this a fiscally <br />responsible and forward -thinking investment in the future of the Rodeo Arena and the <br />broader community it serves. <br />Capital Cost <br />Design and Eng�neerin <br />2024 <br />$94,207 <br />Construction and Associated Costs <br />TOTAL <br />Funding Sources <br />$94,207 <br />2024 <br />State Grants <br />$94,207 <br />Local Partnership — City ofEllensburg <br />Local Partnership — Ellensburg Rodeo <br />CounLv LTAC Grant <br />Local Partnership — County <br />TOTAL <br />$94,207 <br />Funding Sources <br />I <br />------------ <br />2025-2026 <br />Total <br />$1,004,973 <br />$1,053,516 <br />$12,369,920 <br />$12,369,920 <br />$13,374,893 <br />$13,423,436 <br />2025-2026 <br />Total <br />$2,374,893 <br />$2,469,100 <br />$2,500,000 <br />$2,500,000 <br />$2,500,000 <br />$2,500,000 <br />$3,000,000 <br />$3,000,000 <br />$3,000,000 <br />$3,000,000 <br />$13,374,893 <br />$13,423,436 <br />v State Grants . City of Ellensburg ■ Ellensburg Rodeo <br />Li LTAC Grant m Kittitas County <br />