HomeMy WebLinkAbout2016-08-08-minutes-finance-update-08/08/2016 MINUTES 1
COMMISSIONERS' MINUTES
KITTITAS COUNTY, WASHINGTON
COMMISSIONERS CONFERENCE ROOM
SPECIAL MEETING
MONDAY 11:00 A.M. AUGUST 8, 2016
Board members present: Vice-Chairman Paul Jewell & Commissioner
Osiadacz. Excused: Chairman Obie O’Brien.
Others: Julie Kjorsvik, Clerk of the Board; Brett Wachsmith,
Treasurer; Judy Pless, Budget & Finance Manager; and Jerry Pettit,
Auditor.
SPECIAL MEETING FINANCING UPDATE TREASURER
Commissioner Jewell provided an update on the proposed financing of
projects including the Schnebly Water Purchase, Shady Brook Mobile
Home Park purchase, and the Rodeo Arena Seating/Barns Project. Judy
Pless reviewed the fund balance and other potential list of
projects. Commissioner Jewell acknowledged the funding for the
design and engineering study for the Rodeo Arena/Barns were going to
be split 50/50 between Kittitas County and the Ellensburg Rodeo
Board.
Brett Wachsmith reviewed options for financing totaling less than 5
million dollars, including low-interest bank loans and local
programs that could be available through the State.
Jerry Pettit explained how the State Auditors had been looking into
the purchase of the Bowling Alley and how REET funds can only be
used if it’s in the Capital Facilities Plan. Commissioner Jewell
said the Board could adopt it as part of the plan, if needed.
Staff was directed to check in at a later date with funding options
and recommendations.
Meeting adjourned at 11:30 a.m.
KITTITAS COUNTY COMMISSIONERS
CLERK OF THE BOARD KITTITAS COUNTY, WASHINGTON
Julie Kjorsvik Paul Jewell, Vice-Chairman