Middle Fork Water and Sewer System Fund 4100 BEFORE THE BOARD OF COUNTY COMMISSIONERS
LEWIS COUNTY, WASHINGTON
IN THE MATTER OF: RESOLUTION NO. 20-256
MIDDLE FORK WATER AND SEWER SYSTEM FUND
4100 AUTHORIZING A CASH FLOW LOAN FROM
CAPITAL FACILITIES PLAN FUND NO. 3100
WHEREAS, the Board of County Commissioners (BOCC) has reviewed information
relating to the acquisition prices of the Middle Fork Water and Sewer System; and
WHEREAS, it appears to be in the best public interest to authorize a $350,000 cash-
flow loan from Capital Facilities Plan Fund No. 3100 to the Middle Fork Water and Sewer
System Fund No. 4100 to cover the acquisition cost of the Middle Fork Water and Sewer
System.
NOW THEREFORE BE IT RESOLVED that cash in the amount of $350,000 be
transferred from Capital Facilities Plan Fund No. 3100 to the Middle Fork Water and
Sewer System Fund No. 4100 by the Treasurer's Office and that said transfer shall be
considered an interfund loan from Capital Facilities Plan Fund No. 3100. The interfund
loan shall be repaid as anticipated revenues are received, provided adequate cash
balance remains in the Middle Fork Water and Sewer System Fund No. 4100 to cover
subsequent period expenses; and that there shall be 1.70% interest charge on the loan.
Interest-only payment in 2021. This loan will have a 20-year term. There will be no
penalty for early or pre-payment of the loan.
DONE IN OPEN SESSION this 27th day of July, 2020.
APPROVED AS TO FORM: BOARD OF COUNTY COMMISSIONERS
Jonathan Meyer, Prosecuting Attorney LEWIS COUNTY, WASHINGTON
Amber Smith Gary Stamper
By: Amber Smith, Gary Stamper, Chair
Deputy Prosecuting Attorney
ATTEST: aS °"'-4*,16!•• Edna J . Fund
"c ,dna J. Fund, Vice Chair
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Rieva Lester ••V'�����•°�•''• Robert C . Jackson
Rieva Lester, Robert C. Jackson, Commissioner
Clerk of the Lewis County Board of County
Commissioners
BOCC AGENDA ITEM SUMMARY
Resolution: 20-256 BOCC Meeting Date: July 27, 2020
Suggested Wording for Agenda Item: Agenda Type: Deliberation
Middle Fork Water and Sewer System Fund 4100 Authorizing a Cash Flow Loan from Capital
Facilities Plan Fund No. 3100
Contact: Josh Metcalf Phone: 3607402762
Department: PW - Public Works
Description:
The Board of County Commissioners have reviewed information relating to the acquisition price of
the Middle Fork Water and Sewer System and associated assets.
Approvals: Publication Requirements:
Publications:
User Status
PA's Office Approved
Additional Copies: Cover Letter To:
Tina Hemphill, PW; Kim Amrine, PW; Rose
Williams, PW; Betsy Dillin, PW