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HomeMy WebLinkAbout2018-10-08-minutes-discuss-the-lodging-tax-capital-projects2018-10-08 MINUTES 1 COMMISSIONERS' MINUTES KITTITAS COUNTY, WASHINGTON COMMISSIONER’S CONFERENCE ROOM SPECIAL MEETING MONDAY 10:30 A.M. OCTOBER 8, 2018 Board members present: Chairman Laura Osiadacz; Vice-Chairman Obie O’Brien; and Commissioner Cory Wright. Others: Brett Wachsmith, Kittitas County Treasurer; Judy Pless, Kittitas County Budget and Financial Manager; Jerry Pettit, Kittitas County Auditor; Lodging Tax Advisory Committee (LTAC) members present: Roylene Crawford, and Brian Maglietti; and one member of the public. SPECIAL MEETING LODGING TAX CAPITAL PROJECTS COMMISSIONERS At 10:35 a.m. Chairman Osiadacz opened a Special Meeting to discuss the Lodging Tax Capital Projects Grant Applications. There was discussion on: yearly lodging tax fund allocations; how much to obligate in bond/debt services; bond issues and timing; debt service for the Armory until 2025; operational funding; large-scale capital project grant requests; interest rates; wording to use in Agreements; and average yearly lodging tax collections. Auditor Jerry Pettit suggested researching bonding. Treasurer Brett Wachsmith said the larger the bond, the lower interest rate you would get. Commissioner Wright said they needed more information before making any decisions. LTAC member Roylene Crawford said this meeting has been educational and helpful, and suggested having an Auditor’s representative attend the LTAC meetings to discuss lodging tax financial information. Meeting adjourned at 11:43 a.m. KITTITAS COUNTY COMMISSIONERS LTAC CLERK KITTITAS COUNTY, WASHINGTON Debbie Myers Laura Osiadacz, Chairman