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<br />2025-11-17 MINUTES 2 <br /> <br />starting in 2026, have no long-term commitments and present opportunities to align with <br />strategic priorities. <br />DeHaven presented three options for managing excess REET 2 revenue: <br />1. Retain excess in the REET Fund to strengthen reserves for capital projects. <br />2. Retain excess in the REET Fund but allow use for Road Fund shortfalls if needed. <br />3. Redirect all excess to the New Courthouse Facilities Replacement Fund to accelerate capital <br />facility planning. <br />Additional information and analysis are needed before a formal proposal can be brought forward. <br /> <br />7. Event Center Grandstands Renovation Loan Approval – Decision <br />Treasurer, Amy Cziske presents a Resolution to the Board and asked them to review and approve <br />funding for the Grandstands. While some funding has been secured from various sources, a <br />financing gap remains. The County has obtained private financing from Cashmere Valley Bank <br />with an interest rate of 3.68 % and the option for early pay off. <br /> <br />Commissioner Wright made a motion to approve a Resolution to secure funding for the <br />Kittitas County Arena Grandstands. Commissioner Laura Osiadacz seconded the motion <br />and the motion passed. <br />Commissioner Cory Wright makes a motion to approve the Bond Purchase Agreement to <br />contract indebtedness, providing funding for the construction of improvements to the <br />Kittitas County arena grandstands. Commissioner Laura Osiadacz seconded the motion <br />and the motion passed. <br /> <br />8. Other Business - None <br /> <br />Meeting adjourned at 10:25AM <br /> <br /> <br /> <br /> <br /> <br />KITTITAS COUNTY COMMISSIONERS <br />KITTITAS COUNTY, WASHINGTON <br />Sue Patterson <br />Accountant Assistant III <br /> Laura Osiadacz, Chairman <br />