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Kittitas County <br />Board of County Commissioners <br /> <br />Agenda Staff Report <br /> <br /> <br />Agenda Date: <br />June 19, 2018 <br /> <br />Action Requested: <br />Request the Board to approve a Resolution authorizing the creation of trust <br />fund #622 Private Water Bank Trust <br /> <br />Background: <br />On May 17, 2018, the Board of County Commissioners signed an agreement with Reecer Creek <br />Water Right, LLC (RCWR). Based upon the agreement Kittitas County will pay RCWR Twenty <br />Dollars ($20) per acre foot per month for any water used by the County. <br /> <br />In order for the County to collect these funds we have to create a fund to hold these funds in trust <br />before we remit them quarterly to RCWR. <br /> <br />This fund will be used to account separately any future private water banks. <br /> <br />Recommendation <br />Recommend the Board to approve a Resolution authorizing the creation of trust <br />fund #622 Private Water Bank Trust <br /> <br />Handling <br /> Distribute Judy Pless and she will distribute to Treasurers’ office <br /> <br />Lead Staff <br />Judy Pless, Budget & Finance Manager <br />