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Fully Executed - Recorded Document
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04. April
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2026-04-21 10:00 AM - Commissioners' Agenda
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Fully Executed - Recorded Document
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Last modified
7/16/2026 1:06:14 PM
Creation date
7/16/2026 1:05:43 PM
Metadata
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Template:
Meeting
Date
4/21/2026
Meeting title
Commissioners' Agenda
Location
Commissioners' Auditorium
Address
205 West 5th Room 109 - Ellensburg
Meeting type
Regular
Meeting document type
Fully Executed Version
Supplemental fields
Item
Request to Approve Amendment 4 - HopeSource-CIP (Teanaway Court/Cle Elum Build)
Order
11
Placement
Consent Agenda
Row ID
143720
Type
Agreement
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ORI&IiiAL <br />0711312026 04:34 PM 202607130051 <br />310,00 Page: 1 of 10 <br />Assignment Of Deed Of Trust <br />Kittitas County, CountY Auditor <br />WHEN RECORDED MAiL TO <br />Kittitas County <br />Board of Commissioners <br />205 W 5th Ave. Suite 108 <br />Ellensburg- WA 98926 <br />COLLATERAL ASSIGNMENT OF DEED OF TRUST AND PROMISSORY NOTE <br />Grantor (Assignor):HoPESouRcE, <br />a Washinglon nonprofit oorporation <br />Grantee (Lender):KITTITAS COUNTY' <br />a political subdivision of Washington State <br />Grantee (Trustee): <br />Abbreviated Legal DescriPtion; <br />Assessorts Tax Parcel <br />fD Number: <br />Ret'erence Number: <br />FIRST AMERICAN TITLE INSURANCE COMPANY <br />Ptn Lots 2.3 &4 Blk 2, Ptn Lots l' 2,3,4,5 & 9 Blk 3' Lots 1,2, <br />3. 4 & 5Blk 5 and Lots l, 2, 3, 4, 5,6'7 & 8 Blk 4 BALMER'S <br />ADDITION TO THE CITY OF CLE ELI'IM' Bk 2, Pg 44' TOGW <br />ptns of vacated stre€ls and alleys in Ciry of Cle Elum Ord' No 709 <br />I 13034 1 st AM <br />1196170 <br />2C26071 30023 <br />THIS COLLATERAL ASSIGNMENT OF DEED OF TRUST A]\D PROMISSORY <br />NOTE (this '-.4,ssignm.ent"), is entered into as of Jr,rly lO, 2026, between HOPESOURCE' a <br />Washington n;;;;fr*rporatiorr ("Assigqor"), and IflTTITAS COUNTY, a political subdivision <br />of Wasliilglon Siate, whoie address is 20t W 5th Ave, Suite I 08, Ellensburg, WA 98926 (-'Assignee" <br />or the.oCoirnty"), in oonnection with an awar<J in the amount of Seven Hundred Fiffy Thousand and <br />00/l O05;1ffi t$ZSO,OOO) (the "County Funds") made by Assignee to Assignor under that ceftain <br />Homeless Housing Program Cra.tt eg.""ment, Contract HH-2021-001-HopeSource-CIP' dated <br />Jr.rly l5, Z0Zl,asamenAiObytl'ratcerlairrArnendmentNo. l datedNoveurbet2l .2023,tlratceltain <br />Amendment No. 2 clated N;vember 5, 2024. that certain Amendment No. 3 dated June 3,2025' <br />and tlrat cer-rain Amendment No. 4 dated April Zl ,2026 (as arnended, the "Colrnty Agreeme.nt")' <br />Assignor lras loaned the proceecls of the County Funds (the "-EpoESAIlLAs!") to-Teanaway Court <br />Associates LLLp ("Part+ership") for the development of a mixed-use affordable hotrsing
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