2026-125 Public Facilities - Laserfiche WebLink

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At this time, it is not contemplated that the PFD will own and/or operate any of the identified facilities, nor will it issue debt to build facilities. Should the capital financing plans for the projects change, the pFD is expected to request a separate review that will focus on capital and operating costs prior to the issuance of any debt, as required by Washington State Law (RCW 36.100.025 and 35.57 .025). Assessment Key findings of Johnson Consulting's independent financial feasibility review of the proposed formation of Kittitas County PFD are summarized as follows: . Washington State law allows for PFDs to be formed by cities, counties or contiguous groups of cities/ counties. A pFD is a municipal corporation, an independent taxing authority and a taxing district. . Three projects, in various stages of development, have been identified to date - 1). Upper Kittitas County Community Recreation Center; 2). Ellensburg Community Fieldhouse; and 3). Kittitas Valley Aquatic center. lt is the intent that funds generated from a voter-approved 0.2 percent sales taxes would support the projects in different ways and would be allocated among the projects as determined by the PFD board of directors, once formed' . Utilizing two alternative methodologies, anticipated PFD sales tax revenues, if approved, would amount to an average of between $4.1M and $5.36M annually (between 2027 and 2043). . The intent of this independent financial feasibility review is not to create, test or othenryise opine on the costs for capital or operations of the identified projects. Rather, the purpose is to identify costs specific to the formation of the PFD. . Based upon information provided by Kittitas County, PFD operational funding support for the three identified projects would total $3.1M annually. The PFD will also incur costs related to its own operations and administration, including start-up costs prior to the disbursement of tax revenues, if aPProved. 5?,'fl ijllllllll