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HomeMy WebLinkAboutRes-2021-135BOARD OF COUNTY COMMISSIONERS COUNTY OF KITTITAS STATE OF WASHINGTON RESOL NO.2021 viSE RESOLUTION ESTABLISHING FUND FOR CAPITAL IMPROVEMENTS AT THE KITTITAS VALLEY EVENT CENTER WHEREAS, Kittitas County currently has a fund 309 Rodeo Grounds Capital Improvements; and WHEREAS, the name of the fund 309 is being changed to KVEC Capital Improvements as the Kittitas Valley Event Center faces widely aging facilities in need of improvements, repairs, and maintenance; and WHEREAS, WHEREAS, wHEREAS, WHEREAS, additional funding that surpasses the annual approved General Fund budget is often needed in order to complete facility improvements, repairs, and maintenance; and the Kittitas valley Event center has activated a new facility sponsorship program; and the Kittitas Valley Event Center is establishing facility sponsorship revenue be deposited into the 309 fund; and that fund will be solely used for capital facility projects at the Kittitas Valley Event Center; and WHEREAS' all projects will cost a minimum of $5,000 as Kittitas County has a capitalization limit of $5,000; and WHEREAS, Resolution 97-43 gives the Event Center Director authority to sign on projects up to $10,000; and WHEREAS, the Board of County Commissioners will approve all projects in the amount $10,000 or more. NOW THEREFORE' BE IT RESOLVED that the Board of County Commissioners of Kittitas County, Washington, hereby establishes the KVEC Facility Sponsorship Fund. BE IT FURTHER RESOLVED that the Event Center Director be authorized to negotiate and execute sponsorship documents and partner agreements. DArED trri. I 1fr d^y 'f \J.t, W1l-bt 2021, at Ellensburg, Washington BOARD OF COT]NTY COLTNTY, ABSENT Vice-Chair tllllllll,/// coM €SEAfu,; of the Board