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KITTITAS COUNTY <br />BOARD OF COUNTY COMMISSIONERS <br />RESOLUTION NO._2018-JS-0 <br />A Payoff a Loan in the amount of $1,093,084.92 plus interest <br />From fund 001 General Fund <br />To fund 401 Solid Waste Fund <br />WHEREAS: On July 2, 2013, the Board of County Commissioners signed an agreement with <br />Washington State Department of Commerce for the Energy Efficiency Grant for the amount of <br />$330,384 and the total project of $1,321,618 . The Board of County Commissioners signed a Notice <br />of Intent to finance this project in the amount of $850,000. The amount of the project was $725, <br />945 . <br />WHEREAS: on August 6, 2013, the Board of County Commissioners awarded the Armory <br />Renovation Project to Belsaas and Smith , in the amount of $1,369,000 . This was to complete the <br />project that had not been completed by a previous contractor. The total costs above the bond were <br />$800,000. <br />WHEREAS: The Board of County Commissioners approved Resolution 2015-195 <br />authorizing an interfund loan from Solid Waste to the General fund in the amount of $1 ,525,945; at <br />three percent (3%) interest rate for 10 years. <br />WHEREAS, at the Finance Study session held with the Board of County Commissioners on <br />August 29, 2018, the Board agreed to move forward with the payoff of this loan. <br />WHEREAS, the County Treasurer has calculated the interest due from May 2, 2018 until <br />September 18, 2018, in the amount of $12,577.96 <br />NOW, THEREFORE BE IT RESOLVED; that the Board of County Commissioners, after due <br />consideration, does hereby authorize and direct the County Treasurer to pay off the loan from the <br />General Fund principle $1 ,093 ,084.92 and interest at $12,577.96 for a total of $1,105,662.88 to <br />Solid Waste effective September 18, 2018. <br />APPROVED the 18th day of September 20 J.. <br />BOARD OF COUNTY COMMISSIONERS <br />WASHINGTON