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r From: Salas, Kerry E. <kerry.salas@klgates.com> Sent: Tuesday, May 6, 2025 10:45 AM To: Barbara Vasquez <bvasquez@grantcountywa.gov>; Darryl Pheasant <dpheasant@grantcountywa.gov> Cc: Weed, Cynthia <cynthia.weed@klgates.com> Subject: CLOSING DOCUMENTS FOR SIGNATURE - Grant County, Washington Limited Tax General Obligation Bonds, 2025 "EXTERNAL E I This email originated from outside GrantCounty's network, Do not CH Dear Darryl and Barbara, In preparation for the closing of the above -referenced transaction, we request your assistance in obtaining the necessary signatures and attachments for the attached documents. As mentioned below, the necessary numbers of signature pages have been incorporated into the pdfs, so you should not need to make any copies. The documents are dated May 14th, the day of closing, and will be held in escrow until closing. 1. Certificate for Transcript. Barbara to sign two copies. 2. Certificate regarding the election of the Chair of the Board. Barbara to sign two copies and provide us with a copy of the minutes showing the election of Mr. Jones as Chair of the Board. 3. Certificate regarding appointment of the Clerk of the Board. Barbara to sign two copies. We already have a copy of the proceedings. 4. Certificate regarding regular meetings. Barbara to sign two copies. We already have a copy of the proceedings. 5. Certificate regarding the minutes of the March 11, 2025 meeting. Barbara to sign two copies and attach a copy of the March 11, 2025 minutes. 5. Certificate regarding outstanding indebtedness of the District. Darryl to sign two copies of the certificate. 6. Signature Identification and Nonlitigation Certificate. Barbara and Mr. Jones to sign two copies. This document requires notarization. 7. Closing Certificate. Darryl to sign two copies. 8. Report of Designated Representative. Darryl to sign two copies. 9. Certificate of Manual Signature. Please ask Mr. Jones to sign one copy of the certificate on both lines at the top and bottom. This document requires notarization. 10. Receipt for Bond Proceeds. Darryl to sign two copies. The receipt may be held until the day of closing and sent after confirmation of the receipt of funds. 11. Insurance Commitment. Darryl to sign one copy of the signature page (seventh page of pdf). 12. Insurance Certificate. Darryl to sign one copy of the signature page (page 6). 13. Federal Tax Certificate. Please sign two copies of Page 12. 14. IRS Form 8038-G. Please sign one original. Please sign and date on Page 2 in the box titled "Signature and Consent." Please scan/pdf one copy of each signed certificate/document and attachment (with the exception of the Receipt for Bond Proceeds) and email them to our attention by Monday,. May 12th. Please arrange to have the original documents mailed to the attention of Cynthia Weed, 925 Fourth Avenue, Suite 2900, Seattle, WA 98104. If there are any questions, please do not hesitate to call or email. Thank you, Cynthia and Kerry Items 1-10 Insurance Comm. Insurance Cert. Fed Tax Cert. IRS Form 8038-G Kerry Salas Project Manager K&L Gates LLP 214-939-5544 kerry.salas(@-klgates.com www.kl_qates.com CERTIFICATE FOR TRANSCRIPT 1, BARBARA J. VASQUEZ, Clerk of the Board of County Commissioners of Grant County, Washington, (the "County") DO HEREBY CERTIFY that the within and attached documents are in each case true and correct copies of the originals of such documents and that none of the resolutions, proceedings, statements or certificates contained herein has been amended, revised, repealed or rescinded, except as expressly set forth herein, and all of the officers last certified as holding offices have continued to hold their respective offices from such date to and including the date of this certificate. DATED as of this 14th day of May, 2025. 2v" C- 1. 1 z ` Barbara J. V� q z Clerk of the Boa i f l j County Commissioners #509373431.1 CERTIFICATE FOR TRANSCRIPT I, BARBARA J. VASQUEZ, Clerk of the Board of County Commissioners of Grant County, Washington, (the "County") DO HEREBY CERTIFY that the within and attached documents are in each case true and correct copies of the originals of such documents and that none of the resolutions, proceedings, statements or certificates contained herein has been amended, revised, repealed or rescinded, except as expressly set forth herein, and all of the officers last certified as holding offices have continued to hold their respective offices from such date to and including the date of this certificate. DATED as of this 14th day of May, 2025. Barbara J. Va Jerk of the Boartf County Commissioners #509373431.1 CERTIFICATE I, BARBARA J. VASQUEZ, Clerk of the Board of County Commissioners of Grant County, Washington, DO HEREBY CERTIFY that the attached is a true and correct copy of excerpts from the minutes of the meeting of the Board of County Commissioners reflecting the election of Rob Jones as Chair of the Board of County Commissioners. DATED as of this 14th day of May, 2025. Barbara J. hasu Clerk of the B a d of� County Commi sinners #509373431.1 CERTIFICATE I, BARBARA J. VASQUEZ, Clerk of the Board of County Commissioners of Grant County, Washington, D4 HEREBY CERTIFY that the attached is a true and correct copy of excerpts from the minutes of the meeting of the Board of County Commissioners reflecting the election of Rob Jones as Chair of the Board of County Commissioners. DATED as of this 14th day of May, 2025. Barbara JY-ssico s iez Clerk of therd County Comners #509373431.1 Co Grant County� :��3 Board o ommissioners 119 Meetin minutes {.: Week of January 6, 2025 - January 12, 2025 Alt public meetings were held in person with public access allowed at Commission Chambers, 35 C Street NW, Ephrata, WA 98823 as well as via Zoom. CALL TO ORDER The Grant County Commissioner's Session was called to order at 8:30 a.m. with Commissioners Jones, Carter and Burgess in attendance. 8:30 a.m. - 8:45 a.m. Centrat Ser "s p daije StaffPresent: Tom Gaines, Admin Director; Kirk Eslinger, Admin Director of Organizational Services The following Topics were presented and discussed during the Central Services Update: * Bond Process -To include Lydig. * Jail Architect visit * Fairgrounds projects ® Avidex projectwith ARPAfunds * Canfield property maintenance 8:45 a.m. - 9:00 a.m. Development ces Uodate Staff Present: Jim Anderson -Cook, Director and Emerson Walters, Permit Tech 1; Kirk Eslinger, Admin Director of Organizational Services The following Topics were presented and discussed during the Development Services Update: • Introduction of Emerson Walters —new Permit Tech • Payment Portal Discussion RCW42.30.110(l)(f) Commissioner Jones called an Executive Session to order Personnel Disciplinary beginning at 8:53 a.m. to go until 8:58 a.m. In attendance were Matters Commissioners Jones, Carter and Burgess, Jim Anderson - Cook and Kirk Edinger. Commissioner Jones closed the session at 8:58 a.m. 9:00 a.m.-9:25 a.m. Organizational Services_ p Staff Present: Dirk Edinger The following Topics were presented and discussed during the Organizational Services Update: ® Staffing update o To be reviewed in six months Human Resources tech ® Payroll update Comp Consultant- RFQ BOCC Calendar 9:30 a.m. -10:25 a.m. Cterk f tl e Baar da° - Staff Present: Barbara Vasquez, Caitlin Manell (Deputy Clerk 1) and Kirk Edinger (Admin Director of Organizational Services) The following Topics were presented and discussed during the Clerk of the Board Services Update: Pending Decisions Spreadsheet New Incident Claims Received (None) Review of Upcoming Public Hearings • Review of this weekly meetings • Boards/Committees Update (CM) O Lodging Tax Advisory Committee reappointments o Volunteer Applications - Important Announcement to be posted to County site. o Board of Equalization appointments • Review of Resolution appointing BOCC to boards/committees. ® Appointment of Commissioner Chair/Vice- Chair/Member • D.A. Davidson - Bond Information Update ® Board Training Schedule MOVED BY COMMISSIONER CARTER TO APPOINT COMMISSIONER JONES TO CHAIR OF THE BOARD, SECONDED BY COMMISSIONER BURGESS, THE MOTION PASSED WITH A MAJORITY VOTE. COMMIISSIONER JONES ABSTAINED. Following the motion, it was MOVED BY COMMISSIONER JONES TO APPOINT COMMISSIONER CARTER TO VICE - CHAIR OF THE BOARD, SECONDED BY COMMISSIONER BURGESS. THE MOTION PASSED WITH A MAJORITY VOTE. COMMISSIONER CARTER ABSTAINED. Page 2of10 BOCC Minutes Week of January 6, 2025 11:00 a.m. -11:25 a.m. Nei op ope _p date Staff Present: Suzi Fode, Jonathan Hartman (Human Resources) and Kirk Edinger (Admin Director of Organizational Services). The following Topics were presented and discussed during the New Hope/Kids Hope Update: 0 Board Training Plan for Sexual Assault Training Plan. 0 out of State Travel Request rescinded (ELisa AdoLphsen and Trisha Glenn for facility Dog training camp in Hawaii) • Reorganization Proposal • Policy Updates -To be on Consent. • Executive Session discussion ® New grant with National Children's Alliance ® New grant with Tech Soup ® Set up time for new board member orientation ® Document recording fee policy RC 42.30.110(1)(g) Commissioner Jones called an Executive Session beginning at Job Applicant/ 11:06a.m.togountil 11:21 a.m. In attendance were Evaluation Commissioners Jones, Carter and Burgess, Suzi Fode, Jonathan Hartman and Kirk Eslinger.Commissioner Jones closed the session at 11:21 a.m. 1:00 P.M. -1:55 P.M. C 0 M M.1ssL Round Table - M1scellan_ep.1is Dis��Wion The following Topics were presented and discussed during the Commissioners Round Table: ® Potts & Associates Legislative Update ® Review of Consent Agenda Items ® Commissioner District Updates ® Change in schedule for2025 RCw42.30.110(1)(i) Commissioner Jones called an Executive Session to order at Litigation 1:19 p.m. to go until 1:40 p.m. In attendance were Commissioners Jones, Carter and Burgess, Kevin McCrae, Barbara Duerbeck, and Rebekah Kaylor, Prosecuting Attorney, Sheriff Joe Kriete, Undersheriff John McMillan, Gary Mansford and Phil Coates. Commissioner Jones closed the session at 1:40 p.m. Page 3 of 10 BOCC Minutes week of January 6, 2025 2:00 p.m. - 2:55 p.m. Pubt! Work ------ U date P- Staff Present: Andy Booth, Dave Bren, and John Brissey, Tom Gaines and Vanessa Brown, Central Services. The following Topics were presented and discussed during the Public Works Update: ® PWWebsite Review © Stormwater/Storm drainage * PW/CentraL Services Billing 3:30 p.m. — 3:55 p.m. .ID.stri . Staff Present: Desiree Ochocinski, Judge Brian Ginn The following Topics were presented and discussed during the District Court Update: * Judge Gwinn — 2025 Presiding Judge * Grant received * Point of Entry * Community Court update * Staff i ng u pd ate MISCELLANEOUS ITEMS The Chair of the Board was authorized to sign the Jared Omlin (Silica Ridge FU 59 BLk 77 Short Plat) File # P 24-0294 (preliminary P 23-0216) Final Plat Submission and Review. The Chair of the Board was authorized to sign the Sand Ho[Low LLC (Forester Short Plat) File #P 24-0377 (preliminary P 24-0153) Final Plat Submission and Review, The Monday, January 6, 2025 session was closed at 3:55 p.m. SESSION CONTINUATION The session was re -opened on Tuesday, January 7, 2025, at 8:31 a.m. with Commissioners Jones, Carter and Burgess in attendance. 8:30 a.m. — 8:55 a.m. P r o s e c u -t i ng-AjtQy.n_ey .... Up gl.q Staff Present: Kevin McCrae and Rebekah Kaylor The following Topics were presented and discussed during the Prosecuting Attorney Update: ® Case Management System Update Page 4 of 10 BOCC Minutes Week of January 6,2025 11:00a.m.-11:55a.m. Develoiort-iAnl,-..--Servicesu -p-d-alf, (Commissioner Carter attended the High -Performance Leadership Onboarding Event) Staff Present: Jim Anderson -Cook and Gina Saldana, Human Resources The foltowingTopics were presented and discussed during the Development Services Update: * D.S. Update - Permitting and Revenue Statistics * 2027 Comprehensive Plan Major Update • Climate Resiliency Element • All other Elements • Agricultural Lands Analysis • Coordinated Water Systems Plan ® WaterSMART Grant discussion o Budget Extension may be needed. © Staffing o Administrative Assistant 0 Code Changes and Comprehensive Plan Amendment Appeal Period to end on January 25, 2025. RCW42.30.110(l)(g) Commissioner Jones called an Executive Session to order Job beginning at 11:17 a.m. to go untiL 11:37 am. In attendance Applicant/Evaluation were Commissioners Jones and Burgess, Jim Anderson -Cook and Gina Saldana, Human Resources. The session was continued to 11 -.47 a.m. Commissioner Jones closed the session at 11:47 a.m. I 1:00 P.M. - 1:55 P.M. Huz:rI i..-R Staff Present: Gina Saldana, Dan Seitz, Human Resources; Kirk Edinger, Admin Director of OrganizationaL Services. The following topics were presented and discussed during the Human Resources Update: Topic Category Request Action 01. SuperiorCourt- PAR Position M. Chlarson Control Sign Signed 02. Superior Court - PAR Position J. Knodeli Control Sign Signed 03. COLA for EE's above Budget & step 7 Finance Discussion Discussed. 04. EWCOG Clerk Compensation I Guidance Direction provided.J 05. Sheriff's Deputy - Mediation Session Labor Scheduled Relations FYI No action. Page 5 of 10 BOCC Minutes Week of January 6, 2025 06. 2025 Position Control Position Decision Notification Control Discussion Direction provided, COMMISSIONER'S MEETING 2:00 p.m. A. Call to Order B. Open Forum for Public Comment The floor was open to members of the public to speak with a 3-minute Limit per person and a 15-minute total Limit. One person provided public comment. C. Approval of Agenda MOVED BY COMMISSIONER CARTER, SECONDED BY COMMISSIONER BURGESS, TO APPROVE THE AGENDA AS PRESENTED. MOTION PASSED UNANIMOUSLY. D. Board Correspondence No correspondence was presented. E. Commissioner's Roundtable -Miscellaneous Miscellaneous Discussion The following topics were presented and discussed during the Commissioner's Roundtable -Misc. Discussion: * Board of Equalization members * High Performance Leadership Training F. Consent Agenda The following items are considered routine or were presented to Commissioners during earlier sessions Listed above. ALL items are enacted by one motion. If a separate discussion is desired, that item may be removed and placed under Board Discussion/Decision. AUDITOR'S OFFICE 1 Payment of vouchers certified by the auditing officer as required by RCW 42.24.080, and those expense reimbursement claims certified by the auditing officer as required by RCW 42.24.090, as recorded on a Listing, and made available to the Board (in the amount of $3293946.91). COMMISSIONER'S OFFICE 2. Approve Commissioner's Minutes from the week of December 9, 2024. 3. (Held from December 23., 20.24 Consent) Approve recommendation from the Board of Equatization to appoint two (2) alternate position members. Also, recommendation to promote alternate member to primary board member. (Jerry Gingrich and Rosa Dekker were Page 6 of 10 BOCC Minutes Week of January 6, 2025 appointed to a 3-year term beginning January 7, 2025 ® January 6, 2028. Brandon Douglass was promoted to primary board member for a 3-year term beginning January 7, 2025 - January 6, 2028). 4. Approve recommendations of the reappointment to the Horticultural Pest & Disease Board. (Sean Putnam and Patrick Hoyle were reappointed to another 2-year term beginning January 7, 2025 - January 6, 2027) 5. Approve transfer of $300,000.00 from the LTAC Fund No. 134.185 to the Tourism Advisory Committee Fund No. 114-156 for the Tourism Grant awarded for 2025. 6. Approve request to change the Grant County privately owned vehicle (POV) mileage reimbursement from $0.67 per mile to $0.70 per mile to keep in line with the General Services Administration rate. SHERIFF'S OFFICE 7. Approve Resolution No. 25-001-CCto surplus Item No. 102366, a Motorola XTL2500 S/N 518CGDO583 vehicle mounted radio. Radio is unrepairable and outdated. MOVED BY COMMISSIONER CARTER, TO APPROVE THE CONSENT AGENDA HOLDING ITEM 3. THE MOTION FAILED WITHOUT A SECOND. Following the motion, it was MOVED BY COMMISSIONER BURGESS, SECONDED BY COMMISSIONER JONES, TO APPROVE ITEMS 1 THROUGH 7. MOTION PASSED BY 2 COMMISSIONERS. COMMISSIONER CARTER VOTED AGAINST THE MOTION, G. Board Discussion/Decision Items There were no items to discuss. I. Adjournment The Commissioner's Meeting adjourned at 2:55 p.m. 3:00 p.m. - 4:00 p.m. OPEN PUBLIC -HEARING: 2024 Remanded Comorehensive Ptan Amend9nnents . .. . .. . . ...... Staff Present: Jim Anderson -Cook, Development Services Public: See Sign -In Sheet This being the date set, and proper notices having been posted and published in accordance with local and state taws, Commissioner Jones opened the public hearing at 3:00 p.m. to consider the following previously remanded 2024 Comprehensive Plan Amendment applications: Page 7 of 10 BOCC Minutes Week of January 6, 2625 1. File #P 24-0247 (Comp. Plan Arnendment/Rezone) & P 24-0248 (SEPA) From Royal Slope Solar, LLC. The applicant has submitted a Site -Specific Land Use Re -designation application requesting 160.00 acres of the subject parcel be re -designated from Resource Lands — Agriculture Irrigated to Rural Lands — Rural Resource along with an application for a rezone from Agriculture (AG) to Rural Resouce (RRES). The proposal site is located 3/4of a mile SW of SR 26 W, Royal City, WA and is the SE quarter of Section 02, Township 16, Range 23, E.W.M., Grant County, WA (Parcel #15- 0233-000). At their open record hearing held on: October 9, 2024, the Planning Commission voted to recommend APPROVAL of this application. At their open record hearing, held on, November 121 2024Y the Board of County Commissioners voted to REMAND this application back to the Planning Commission for further consideration. At their special public meeting held on December 4, 20249 the Planning Commission REAFFIRMED their previous recommendation of approval, four (4) in favor — one (1) opposed. MOVED BY COMMISSIONER CARTER, SECONDED BY COMMISSIONER BURGESS, TO CLOSE THE PUBLIC COMMENT PORTION OF THE HEARING. THE MOTION PASSED' UNANIMOUSLY. Following the motion, it was MOVED BY COMMISSIONER CARTER, SECONDED BY COMMISSIONER BURGESS, TO UPHOLD THE RECOMMENDATION OF THE PLANNING COMMISSION AND APPROVE THE SUBJECT REDESIGNATION (FILE #P24-0247) FROM RESOURCE LANDS — AGRICULTURE IRRIGATED TO RURAL LANDS, RURAL RESOURCE, WITH THE NINE (9) FINDINGS OF FACT IN THE AFFIRMATIVE. MOTION PASSED UNANIMOUSLY. Following the motion, it was MOVED BY COMMISSIONER CARTER, SECONDED BY COMMISSIONER BURGESS, TO UPHOLD THE RECOMMENDATION OF THE PLANNING COMMISSION AND APPROVE THE SUBJECT REZONE APPLICATION (FILE #P24-0247) FROM AGRICULTURE (AG) TO RURAL RESOURCE (RRES), WITH THE TEN (10) FINDINGS OF FACT IN THE AFFIRMATIVE. MOTION PASSED UNANIMOUSLY. 2. File #P 24-0255 (Comp. Plan Amendment/Rezone) & P 24-0256 (SEPA) Big River Vineyards, LLC. The applicant has submitted a Site -Specific Land Use Re -designation application requesting 283.38 acres of the subject parcels be re -designated from Rural Lands, Rural Residential 1 to Resource Lands — Rural Resource Page 8 of 10 BOCC Minutes Week of January 6,2025 along with an application for a rezone from Rural Residential 1 (RR1) to Rural Resouce (RRES). The proposal site is comprised of two (2) parcels totaling approximately 283.38 acres. The proposal site is located north of Rd 13 NW, between Rd M.5 NW and Adams Rd NW, Quincy, WA and is the east 1/2 of Section 26, Township 21, Range 24, E.W.M., Grant County, WA (Parcet(s) #15- 1224-000 & 15-1221-005). Q At their open record hearing held on October9, 2024, the Planning Commission voted to recommend APPROVAL this application. ® At their open record hearing held on November12) 2024, the Board of County Commissioners voted to REMAND this application back to the Planning Commission for further consideration. o At their special public meeting held on December 4, 2024) the Planning Commission REAFFIRMED their previous recommendation of approval, three (3) in favor —two (2) opposed. Comments were provided by members of the public. Two letters of support were received in favor of the applications. MOVED BY COMMISSIONER CARTER, SECONDED BY COMMISSIONER BURGESS, TO CLOSE THE PUBLIC COMMENT PORTION OF THE HEARING. THE MOTION PASSE® UNANIMOUSLY. Following the motion, it was MOVED BY COMMISSIONER CARTER, SECONDED BY COMMISSIONER BURGESS, TO UPHOLD THE RECOMMENDATION OF THE PLANNING COMMISSION AND APPROVE THE SUBJECT REDESIGNATION-(FILE #P24-0255) FROM RURAL LANDS, RURAL RESIDENTIAL 1 TO RESOURCE LANDS— RURAL RESOURCES WITH THE NINE (9) FINDINGS OF FACT IN THE AFFIRMATIVE. MOTION PASSED UNANIMOUSLY. Following the motion, it was MOVED BY COMMISSIONER CARTER, SECONDED BY COMMISSIONER BURGESS, TO UPHOLD THE RECOMMENDATION OF THE PLANNING COMMISSION AND APPROVE THE SUBJECT REZONE APPLICATION (FILE #P24-0255) FROM RURAL RESIDENTIAL 1 (RR1) TO RURAL RESOURCE (RRES) WITH THE TEN (10) FINDINGS OF FACT IN THE AFFIRMATIVE. MOTION PASSED UNANIMOUSLY. The Public Hearing was adjourned at 4:00 p.m. Page 9of10 BOCC Minutes week 0f January 6, 2025 0,7 Meeting Minutes for the week of January 6, 2025 were approved this day of 'f"U 1 2025. rp Attest: Barbara J. Vasquez, CMC Clerk of the Board BOARD OF COUNTY COMMISSIONERS Grant County, Washington Ro ones, C1:i Cindy Carter'Nvice-Chai`r Kevin BurgeK member Page 10 of 10 BOCC Minutes Week of January 6, 2025 CERTIFICATE I, BARBARA J. VASQUEZ, Clerk of the Board of County Commissioners of Grant County, Washington, DO HEREBY CERTIFY that the attached is a true and correct copy of the resolution of the Board of County Commissioners reflecting my appointment as Clerk of the Board of County Commissioners. DATED as of this 14th day of May, 2025. Barbara J. &rd z Clerk of the of County Commissioners #509373431.1 CERTIFICATE I, BARBARA J. VASQUEZ, Clerk of the Board of County Commissioners of Grant County, Washington, DO HEREBY CERTIFY that the attached is a true and correct copy of the resolution of the Board of County Commissioners reflecting my appointment as Clerk of the Board of County Commissioners. DATED as of this 14th day of May, 2025. Barbara J. a ez Clerk of the and of County Com issioner #509373431.1 CERTIFICATE I, BARBARA J. VASQUEZ, Clerk of the Board of County Commissioners of Grant County, Washington, DO HEREBY CERTIFY that the attached is a true and correct copy of the proceedings of the Board of County Commissioners setting the date, time, and place for regular meetings of the Board of County Commissioners. DATED as of this 14th day of May, 2025. Barbara J. to , z Clerk of therid of County Commissioners #509373431.1 CERTIFICATE I, BARBARA J. VASQUEZ, Clerk of the Board of County Commissioners of Grant County, Washington, DO HEREBY CERTIFY that the attached is a true and correct copy of the proceedings of the Board of County Commissioners setting the date, time, and place for regular meetings of the Board of County Commissioners. DATED as of this 14th day of May, 2025. Barbara J. a z Clerk of the B rd o County Commission r #509373431.1 BOARD OF COUNTY COMMISSIONERS Grant County, Washington ORDINANCE AMENDING CHAPTER 2.04 OF THE GRANT COUNTY CODE TITLED "BOARD OF COUNTY COMMISSIONERS" RECITALS: ORDINANCE NO. 22M 0 s t CC WHEREAS, the Grant County Board of County Commissioners (BOCC) has recently gained significant experience with remote meetings due to the COVID 19 pandemic; and WHEREAS, The BOCC now believes that the benefit of allowing for remote attendance at meetings is beneficial; and WHEREAS, Technology has evolved to allow more effective means of remote attendance; and WHEREAS, The BOCC intends to continue to utilize' technology to allow video conferencing and viewing by the public in all of its open meetings. NOW, THEREFORE, BE IT ORDAINED, the Grant County Board of Commissioners -hereby amends Grant County Code Section 2.04 as follows: 2.04.010 —Meetings The Board of County Commissioners (Board) shall conduct its formal business meetings on Tuesdays at 2:00 pm unless some other time is designated by the Board, or the Board may cancel the formal business meeting for the week. Times for formal business meetings shall be published in the Board's weekly agenda. Formal business meetings shall be conducted according to the current addition of Robert's Rules of Order Newly Revised. The Board may hold informal meetings any time the Board is in session. 2.04.020 — In Session The Board of County Commissioners are in session on each Monday, Tuesday, Wednesday, Thursday and Friday except for holidays. N:\Staff\BVasquez\Resolution-Ordinance\Commissioners GCC Change to Ch 2 04 April 2022 KJM edits 4 26 22.docx 2.04.030 Electronic, Remote Attendance, (a) Any member of the Board may attend and participate in all or part of a regular meeting, special meeting, or executive session by video conferencing or other form of telephonic communication by means of which the member can hear what is said at the meeting and be heard by other persons attending the meeting. Participation may include voting on any matter before the Board. (),fle b ^ "ar%- Ill,l, � r . Executive sessions shall not require the physical presence of any board member. (b) This section shall not apply to any record appeal hearing before the board of county commissioners conducted under the Grant County Code and/or Unified Development Code. (c) A member who plans to attend a meeting by video conferencing or telephonic means is requested to provide notice at a regular meeting prior to the meetingto be attended b video y conferencing or telephonic means to ensure the clerk of the board will arrange for a facility to host the electronic conference. WQW . If such notice is not provided the member shall provide reasonable notice to the clerk of the board. (d) The clerk of the board or designee shall provide the means by which a member of the public may observe the meeting. Unless dictated otherwise by a declared emergency, the clerk shall make available a space for the public to observe and hear the meeting. That space shall be the Commissioner's Hearing Room unless otherwise published on the agenda or notice of the meeting and/or posted at the hearing room. If available the clerk of the board shall also provide a means to broadcast the commissioner's meetings on the web or by other means. A link ,or other information designating how to observe the meeting shall be published with the notice of the meeting. Some means of public observation of the meeting is required. ■ r•N Wal r r r A*.A w r r + '" s r' i r r' r WAINUMN1141 • i r r - � r • •r + + w - : + ■ . A + + • A A. •. . ■ �. - .�.• w A w A A� i r A •� - • w A A. A A + A. A A ■w ■ �. .. +, •■ + , r A ■ ■ ■ + 1.■ • ■ A.. 1 w ■ + • w A �r v v s tr t r ■ r r r ■ r r r NNEW r air in Wawa ON r ai • A • w + • . + • + . A A A + +. W A • = IL-Ar • . r . • s i i • ■' A EWA IN ".". N NAM."'W. P-VAV.Vff"3Wi_.W�M W&_Wa1VA%Afi �91WWSYA-il an "Wihm ib�IVAWV" Falwa-Amikvla PC - tir • UPYLVA WWI 1 he 'Ras r / V �r A• ■JKLV tAi I r••AN • M s + A A+ • A A A • + + •awnui A. A A + Al • A • + + •WW• w ■ A • + w w + A N:\StafflBVasquez\Resolution-Ordinance\Commissioners GCC Change to Ch 2 04 April 2022 KJM edits 4 26 22,docx a. F1 MIN M W—W74731 n1li6fty'lli Wm WILWI%jal" SWIM• VE-WW!MIE Wo IL- 1010 V 0 WIN �.Jjmjw 10,01MIAMILVIL'"I'" wool No WINLI�WXWA m m u m no Imium Kim am Kwu moLummm .5• a wkvffi WO loll W IL'illillill J10* IWINIMlllElIMMIL a. WA W0WML'MX%VV&WlAKWAMl WAWAUWlW WEI W 11 Ill 41 well WAWA U rr PASSED AND ADOPTED this day of .52022. OF COUNTY COMMISSIONERS N:\Staff\BVasoi-iez\Resolution-Ordinance\Commissioners GCC Change to Ch 2 04 April 2022 KJM edits 4 26 22.docx N:\StafflBVasquez\Resolution-Ordinance\Commissioners CERTIFICATE I, BARBARA J. VASQUEZ, Clerk of the Board of County Commissioners of Grant County, Washington, DO HEREBY CERTIFY that the attached is a full, true and correct copy of the minutes of the March 11, 2025 regular meeting of the Board of County Commissioners which reflects the adoption of Resolution No. 25-019-CC. DATED as of this 14th day of May, 2025. � � ) Barbara J. VaAqL z Clerk of the Boa of County Commissioners #509373431.1 CERTIFICATE I, BARBARA J. VASQUEZ, Clerk of the Board of County Commissioners of Grant County, Washington, DO HEREBY CERTIFY that the attached is a full, true and correct copy of the minutes of the March 11, 2025 regular meeting of the Board of County Commissioners which reflects the adoption of Resolution No. 25-019-CC. DATED as of this 14th day of May, 2025. !1�2 Barbara J0. uez Clerk of the and ofj County Commissioners #509373431.1 Grant County 1:7 issioners 4 - Board of Comm Meeting Minutes ��� o, Week of March 1 O? 2025-March 16, 2025 All public meetings were held in person with public access allowed at Commission Chambers, 35 C Street NW, Ephrata, WA 98823 as well as via Zoom. CALL TO ORDER The Grant County Commissioner's Session was called to order at 8:30 a.m. with Commissioners Jones, Carter and Burgess in attendance. 8:30 a.m. - 9:00 a.m. Central Services Update Staff Present: Tom Gaines, Admin Director The following Topics were presented and discussed during the Central Services Update: • Clean Buildings Act -Audit • Grant received - WA State Dept of Commerce DocuSign • Implementation of SB 1514 Meeting • Contracting for Central Services Building • Bleacher project • Other bids: Horse Barn Electrical, Water for Nobles, and Fence Project • NACO conference: Al and Cyber Security • K9 Area at new jail • WIR Future Conferences 9:00 a.m. - 9:15 a.m. Development Services Update Staff Present: Jim Anderson -Cook, Director and Nathan Poplawski, Fire Marshal The following Topics were presented and discussed during the Development Services Update: • February Permit Statics Report • Fire Marsha[ Permits • February Revenue • Permit Policies - Issuance and Refunds 9:15 a.m.- 9:45 a.m. Commissioner's Office Update Staff Present: Barbara Vasquez, Clerk of the Board, Caitlin Marvell, Deputy Clerk The foLLowingTopics were presented and discussed during the Commissioner's Office Update: 0 Pending Decisions Spreadsheet 0 Review of Upcoming Public Hearings 0 Review of This Week's Meetings and future meeting schedule 9 Tourism Advisory Committee Update (CM) 0 3/24/25 Rodeo Picture -Take During Lunch 0 LTAC Appointments and Bylaws - Update • Future Meetings Schedule - Confirm • Following week Bond Meetings (rues & Fri) • Out of State Travel - New Form 9:45 a.m. - 10:00 a.m. Accounting Update Staff Present: Mandy Kim, Chief Financial Officer, Erynn O'Donnell The following Topics were presented and discussed during the Accounting Update: 0 Small & Attractive Items Policy/Asset Inventory 0 2026 Budget Meeting Schedule 0 January Reports/February Ending Fund Balance • Revenue balances • Go Live Date forTyLerTech -July; 61 overdue tasks • Timecard Machines to be set up soon • Mutual of Omaha • WCRG Fund Balance for Premium • ARPATransfers -documentation for allocated funds 10:00a.m.-10:15a.m. Juvenile Court and Youth services Update Staff Present: Suhail Palacios, Director The following Topics were presented and discussed during the Juvenile Court and Youth Services Update, • Claim Report Kit • Update on Sally Port Security Camera and Gate Repair • Daily Roster • Consent Agenda items • Green Hill Visit -to be scheduled Page 2 of 18 BOCC Minutes Week of March 10, 2025 Staff Present: John Carranco, Grant County Historical Society; Mandy Kim, Chief Financial Officer The following Topics were presented and discussed during the Grant County Historical Society Grant Funds Update: • Reader Board for Museum o Reimbursable grant received • Funds for capital projects 10:30 a.m. - 10:45 a.m. Renew Update Staff Present: Dell Anderson (via Zoom), Director The following Topics were presented and discussed during the Renew Update: • Update on Opioid Abatement Council (OAC) Meeting o Last meeting was Thursday, 3/6/2025 o Subject Matter Expert Committee position -- Renew employee applied. • Strategic Planning Presentation to BOCC scheduled for 4/22 • Consent Item Review 10:45a.m.-11:00a.m. Assessor's Office Update Staff Present: Melissa McKnight, County Assessor The following Topics were presented and discussed during the Assessor's Office Update: • Levy creation - Un-SuppLementation/BiLL Creation • Bills to be sent from Treasurer's Office • Staffing Update • LTI Fs o Port of Moses Lake meeting o Consulting Group • Department of Revenue reporting • Leadership Training 2026 11:00a.m.-11:15a.m. Auditor's Office Update (Cancelled) Page 3 of 18 BOCC Minutes Week of March 10, 2025 11:15a.m.-11:30a.m. Fairgrounds Update (Commissioner Carter did not attend) Staff Present: Becca Martinez, Fairgrounds Coordinator The following Topics were presented and discussed during the Fairgrounds Update: • Staffing Update- Hiring and Interviews • Events update • Capital Projects • Capital Purchases • Senate Bill - Restriction of weapons in facilities 11:30a.m.-11:45a.m. Risk& Safety Coordinator Update (Commissioner Carter attended at 11:40 a.m.) Staff Present: Blair Kok, Risk & Safety Coordinator; Decorah Anderson.. Cook, Director of Human Resources The following Topics were presented and discussed during the Risk & Safety Coordinator Update: • WCRG - Contact Point • New Claims • Digitization of Claim files • Process/Policy 11:45 a.m. - 12:00 p.m. Fire Marshal Update Staff Present: Nathan Poplawski, Fire Marshal The following Topics were presented and discussed during the Fire Marshal Update: • Permit Statistics • Transient Rental Program Update • Expectations for Future • Questions 1:00 P.M. - 1:45 p.m. Position Management Review Team (PMRT) (Commissioner Jones did not attend) Staff Present: Decorah Anderson -Cook (via Zoom), Gina Saldana, Dan Seitz, Dell Anderson, Mandy Kim. Page 4 of 18 BOCC Minutes Week of March 10, 2025 The following Topics were presented and discussed during the Position Management Review Team Meeting: • Position Review • Development Services- Building Official • Renew- Controller • Fairgrounds - Seasonal Staff 1:45 p.m. - 2:00 p.m. Commissioner Work Session (Commissionerlones was not in attendance) The following Topics were presented and discussed during the Commissioner Work Session: • Japanese Exchange Program • Filming in Grant County -Contracts • Jail Medical • Vietnam Veterans of America -to work with County VSO. • Museum Fire insurance Fund 2:00 p.m. - 2:15 p.m. Treasurer's Office Update (Commissionerlones attended via Zoom) Staff Present: Darryl Pheasant, Treasurer The following Topics were presented and discussed during the Treasurer's Office Update: • Levy Discussion -Accounting numbers • WCRG Insurance Expense Shortage • Property Tax Revenue Shortage • State Assessed Utilities • Website taxes incorrect - PACS 2:15 p.m. - 2:30 p.m. New Hope/Kids Hope Update (Commissionerlones attended via Zoom) StaffPresent: Suzi Fode, Director The following Topics were presented and discussed during the New Hope/Kids Hope Update: • Federal Funding - updates & planning • Kids Hope Policies and Procedures Approval, o Addendum addition • Kids Hope Child Abuse Prevention Month Event - April 9 Page 5 of is BOCC Minutes Week of March 10, 2025 • Schedule Board Orientation with Commissioner Burgess 2:30 p.m. - 2:45 p.m. Clerk's Office Update Staff Present: Kim Allen, County Clerk The following Topics were presented and discussed during the Clerk's Office Update: • Budget Error • Case Processing • Caseload Update • Office Workload 2:45 p.m. - 3:00 P.M. Homeless Housing Task Force Update Staff Present: Caitlin Manell, Deputy Clerk; Anthony Garcia, Veteran Services Officer (Zoom) The following Topics were presented and discussed 'during the Homeless Housing Task Force Update: • Task Force Meeting - Updates, 0 Current Attendance of HHTF Meetings 0 Requirements for the Task Force 0 Appointments - Expired o Applications/Press Releases 0 Compensation for Lived Experience 3:00 p.m. - 3:15 p.m. Superior Court Update Staff Present: Crystal Burns, Administrator The following Topics were presented and discussed during the Superior Court Update: • Jury Trials - Process • Jury Selection Process • Bailiff Judicial Assistant Hired 3:15 p.m. - 3:30 P.m. District Court Update Staff Present: Desiree Ochocinski, Administrator . Page 6 of 18 BOCC Minutes Week of March 10, 2025 The following Topics were presented and discussed during the District Court Update: • Funding Update • Document shredding • Personnel 3:3 0 P.M. - 3:45 p.m. Public Defense Update Staff Present: Brett Hill, Director The fallowing Topics were presented and discussed during the Public Defense Update: • Policy on Remote Employees • DRS - Contracted Employees 3:45 p.m. - 4: 00 p.m. Prosecuting Attorney's Office Update Staff Present: Kevin McCrae, Prosecuting Attorney; Blair Kok, Risk& Safety Coordinator the following Topics were presented and discussed during the Prosecuting Attorney's Office Update: • Unlicensed Contractors/Subcontractors • Paramount -Use of County Property Contract • BOCC Action Items - HR Meetings o Public Comment at meetings • Columbia Basin Herald Publishing - Travel Guide • Trespass Notices RCW Commissioner Jones called an Executive Session to order Litigation beginning at 3:45 p.m. to go until 3:51 p.m. In attendance were Commissioners Jones, Carter and Burgess, Kevin McCrae and Blair Kok. Commissioner Jones closed the session at 3:51 p.m. The Monday, March 10, 2025 session was closed at 4:03 p.m. SESSION CONTINUATION The session was re -opened on Tuesday, February 25, 2025, at 8:30 a.m. with Commissioners Jones and Burgess in attendance. Commissioner Carter attended at 8:33 a.m. 8:30 a.m. - 9:00 a.m. Consent Agenda Review/Work Session Page 7 of 18 BOCC Minutes Week of March 10, 2025 Staff Present: Caitlin ManelL, Deputy Clerk of the Board; Andy Booth, Interim Director of Public Works, Dave Bren, County Engineer, John Brissey, Road Manager The following topics were presented and discussed during the Consent Agenda Review/Work Session: ® Items to be moved to Board Discussion/Decisions • Walk-on Items: Central Services, two items • SIM Mapping Workshop Follow -Up: No decision made • Grant County Flags to Gunpo, Korea 9:00 a.m. - 9:30 a.m. Public Works Update Staff Present: Andy Booth, Interim Director, Dave Bren, County Engineer, John Brissey, Road Supervisor The following topics were presented and discussed during the Public Works Update: • PW Accomplishments Updates - Brissey • City of Quincy Jurisdiction Transfers - Bren • 510 Fuel Discussion -Booth • Permitting Office updates • Staff changes -County Engineer • Consent Items 0 Upcoming Hearings 9:30 a.m. - 10:00 a.m. Sheriff's Off ice/Jail/Emergency Management Update Staff Present: Undersheriff John McMillan, Chief Deputy Phillip Coats The following Topics were presented and discussed during the Sheriff's Office/Jail/Emergency Management Update: • Regional Diversion - SIM Mapping • Sheriff's Conference • Sheriff's staffing update • 365 Labs Issues • Contract updates • Purchases/expenses • Advertising/publicity • Gallop Survey - Purchase and budget 10:00a.m.-10:15a.m. Facilities and Maintenance Update Staff Present: Tom Gaines, Kevin Schmidt Page 8 of 18 BOCC Minutes Week of March 10, 2025 The following Topics were presented and discussed during the Facilities and Maintenance Update: • Metasis - Control Engine installment • New Hire • Museum use of Fire Fund for capital projects • Avidex - Public Works project • Consent Items - Walk-ons • Permit for Fairgrounds project • Project completion updates 10:30 a.m. - 10:45 a.m. Technology Services Update Staff Present: Tom Gaines, Joe Carter, Keith Conley, Evan Little The following Topics were presented and discussed during the Technology Services Update: • Cybersecurity Presentation - Future Executive Session • Avidex Update - Installation at Public Works • Mailroom Position-hours/internship • Cybersecurity meeting w/ other Counties • N etwo rk e rro r o Al Inspection on web traffic • QUAD Deployments • AT&T Transition • New Hire - Employee Accounts 10:45a.m.-11:00a.m. Commissioner Work Session Staff Present: Barbara Vasquez, Clerk of the Board; Tom Gaines, Central Services The following Topics were presented and discussed during the Commissioner Work Session: • Training to be paid out of County Training Fund • Office space conversion for Juvenile • Hearing Room Printer • Pending Decisions Spreadsheet • Commissioner District Updates 11:00a.m.-11:15a.m. Coroner's Office Update Staff Present: Craig Morrison, Coroner Page 9 of 18 BOCC Minutes Week of March 10, 2025 The following Topics were presented and discussed during the Coroner's Office Update: • State-wide Survey- Effect of drugs in the Coroner's Office • Review of County statistics • New Morgue/Coroner's Office 11:15 a.m. _ 11:30 a.m. Mailroom Update Staff Present: Josh Keyser; Craig Morrison, Coroner The following Topics were presented and discussed during the Mailroom Update: • Personal packages • Additional hours for position During the Mailroom Update, discussion was continued about the location of the new MorguefCoroner's Office. 11:30 a.m.-12:00 p.m. DA Davidson -Limited Tax General Obligation Bond Financing Staff Present: Jim Nelson, DA Davidson; Darryl Pheasant, Treasurer; Craig Morrison, Coroner; Tam Gaines, Central Services; Chief Deputy Phil Coats The following Topics were presented and discussed during the DA Davidson Update: • Review of Bond Financing numbers • Adoption of Resolution No. 25-019-CC • Fair Bond Financing • Use 133 Funding - $650,000 per year. • Morgue Fund $10.6 million MOVED BY COMMISSIONER CARTER, SECONDED BY COMMISSIONER BURGESS TO APPROVE AND ADOPT RESOLUTION 25-019-CC TO AUTHORIZE THE ISSUANCE AND SALE OF LIMITED TAX GENERAL OBLIGATION BONDS OF THE COUNTY IN THE AGGREGATE PRINCIPAL AMOUNT OF NOT TO EXCEED $80,000,000.00 TO FINANCE CAPITAL IMPROVEMENTS FOR THE JAIL AND THE MORGUE OF THE COUNTY; PROVIDING FOR THE ANNUAL LEVY OF TAXES TO PAYTHE PRINCIPAL OF AND INTEREST ON THE BONDS, AND DELEGATING CERTAIN AUTHORITY TO THE COUNTY REPRESNETATIVE IN CONNECTION WITH THE SALE. MOTION! PASSED UNANIMOUSLY(. 1:00 P.M. -1:55 p.m. Human Resources Update Page 10 of 18 BOCC Minutes Week of March 10, 2025 Staff Present: Decorah Anderson -Cook, Director (Zoom), Jonathan Hartman, Blair Kok and Gina Saldana The following topics were presented and discussed during the Human Resources Update: • Open Forum for Public Comment o The floor was open to members of the public to speak with a 5-minute total limit for Human Resources related topics only. There was no Public Comment provided. • Personnel Action Request (PAR) for Jason Collings, Public Works/Solid Waste • Personnel Action Request (PAR) for Jim Anderson - Cook, Development Services • PMRT o Development Services: Building Official (Approved) o Renew: Controller (Approved) o Fairgrounds: (2) Seasonal Staff Office and (4) for Seasonal Grounds (Approved) • Budget/Finance/Compensation: LexipoL Demo - Trainings; RFP for Compensation Study • Recruitment: County Engineer and Public Works Director • Mailroom Staff -Hours • Public Defense - Remote Attorneys RCW42.30.110(1)(f) Commissioner Jones called an Executive Session to order Personnel Disciplinary beginning at 1:03 p.m. to go until 1:13 p.m. In attendance were Matters Commissioners Jones, Carter and Burgess, Decorah Anderson-Cookvia Zoom, Gina Saldana, Jonathan Hartman and Blair Kok. The session continued until 1:23 p.m. Commissioner Jones closed the session at 1:23 p.m. COMMISSIONER'S MEETING 2:00p.m. A. Call toOrder B. Open Forum for Public Comment The floor was open to members of the public to speak with a 3-minute Limit per person and a 15-minute total Limit. No Public Comment was provided. C. Approval of Agenda MOVED BY COMMISSIONER CARTER, SECONDED BY COMMISSIONER BURGESS, TO APPROVE THE AGENDAAS PRESENTED. MOTION PASSED UNANIMOUSLY. Page 11 of 18 BOCC Minutes Week of March 10, 2025 D. Board Correspondence • America's 25011 Anniversary email • Komaki Japanese Student Exchange E. Commissioner's Roundtable - Miscellaneous Discussion The following topics were presented and discussed during the Commissioner's Roundtable--Misc. Discussion: • 2 walk-on items • WSAC Podcast Available • Renew/ Sheriff's Office/ BOCC are in favor of joining the SIM Mapping F. Consent Agenda The f oLLowing items are considered routine or were presented to Commissioners during earlier sessions Listed above. ALL items are enacted by one motion. If a separate discussion is desired, that item may be removed and placed under Board Discussion/Decision. AUDITOR'S OFFICE 1 Payment of vouchers certified by the auditing officer as required by RCW 42.24.080, and those expense reimbursement claims certified by the auditing officer as required by RCW 42.24.090, as recorded on a Listing, and made available to the Board. (in the amount of $191259100.99) COMMISSIONER'S OFFICE 2. Approve invoices from Coulee Creative in the amount of $'18,250.00. 3. Hetd from 0212512025 Consent: Approve Ordinance amending Chapter 2.04 of the Grant County Code titled "Board of County Commissioners" to amend the time of their weekly meeting to 1:00 p.m. (Denied) 4. Approve Notice of Approval to Hear Property Tax Appeals to the Grant County Legislative Authority, from the Grant County Board of Equalization, for the purpose of hearing appeals filed for the current year. 5. Approve request from Ricardo Gutierrez to use the Courthouse property for Basin Summer Showdown 2025 on June 21, 2025. Time of the event is 7:30 a.m. to 3:00 p.m. 6. Deny Cannabis License Application for the Goat Smoke Farm, LLC Located at 11249 State Route 28 W., Quincy, WA 98848. Development Services has reviewed this application. 7. Approve New Liquor License Application for Riverside General Store, LLC Located at 771 Chukar Place SW, Quincy, WA 98848. 8. Approve New Liquor License Application for Riverside Restaurant and Bar Located at 771 Chukar PL SW Ste B. Quincy, WA 98848. Page 12 of 18 BOCC Minutes Week of March 10, 2025 9. Approve reimbursement request from Renew on the American Rescue Plan Act (ARPA) in the amount of $10,185.81 for services rendered under Suicide Prevention category for the month of January 2025. 10. Approve reimbursement request from Housing Authority of Grant County on the Consolidated Housing Grant (CHG) #24-46108-10 in the amount of $129,323.72 for January 2025 expenses. 11. Approve reimbursement request from Opportunities Industrialization Center of Washington State (01'C) on the Community Development Block Grant (CDBG) #20-6221 C-1 11 for the month of December 2024 in the amount of $329.07. 12. Approve reimbursement request from Opportunities Industrialization Center of Washington State (O1C) on the Community Development Block Grant (CDBG) #20-6221 C-1 11 for the month of January 2025 in the amount of $6,516.87. 13. Approve recommendation of reappointment to the Veterans Advisory Board, (Tom Moncrief was reappointed for another 4-year term beginning March 29., 2025, through March 28, 2029) 14. Approve recommendation of reappointment to the Veterans Advisory Board. (Ken Slininger was reappointed f or another 4-year term beginning April 5, 2025, through April 4,2029) 15. Approve recommendation of reappointment to the Veterans Advisory Board. (Eileen Boylston was reappointed for another 4- year term beginning March 11, 2025, through March 4, 2029) 16. Approve recommendation of reappointment to the Lodging Tax Advisory Committee. (Brulee Hoskins was reappointed for another 1-year term beginning March 11, 2025, through March 10, 2026) 17. Approve recommendation of reappointment to the Lodging Tax Advisory Committee. (Lori Valdez was reappointed for another 1- year term beginning March 11, 2025, through March 10, 2026) 18. Approve recommendation of reappointment to the Lodging Tax Advisory Committee. (Marilyn Meseberg was reappointed for another 1-year term beginning March 11, 2025, through March 10, 2026) 19. Approve recommendation of reappointment to the Lodging Tax Advisory Committee. (Harriet Weber was reappointed for another 1- year term beginning March 11, 2025, through March 10, 2026) 20. Approve recommendation of reappointment to the Lodging Tax Advisory Committee. (Goldye Moyer was reappointed for another 1- year term beginning March 11, 2025, through, March 10, 2026) 21. Approve recommendation of reappointment to the Lodging Tax Advisory Committee. (Kevin Danby was reappointed for another 1- year term beginning March 11, 2025, through March 10, 2026) 22. Approve recommendation of appointment to the Tourism Advisory Committee. (aord'Enn Barker was appointed for a 3-year term beginning March 11, 2025, through March 10, 2028). Page 13 of 18 BOCC Minutes Week of March 10, 2025 23. Approve recommendation of reappointment to the Fair Advisory Committee. (Alexandrea Hipolito was reappointed for another 3- year term beginning March 11, 2025, through March 10, 2028) JUVENILE COURT &YOUTH SERVICES 24. Approve Resolution No. 25-024-CC for a Request to Declare Surplus a Motorola CB car radio, Model No. CDM1 250, Asset Tag #104535, Serial #1 03TPGB468. This was removed from car 612 and is no longer needed for the replacement car. Upon approval, this will be disposed of in the designated waste container. 25. Approve Resolution No. 25-022-CC and request to DocuSign for Amendment 1 for InterlocaL Grant Agreement No. ICA25330with the Washington State Administrative Office of the Courts for the support of Family and Juvenile Court Improvement Plan (FJCIP). NEW HOPE/KIDS HOPE 26. Approve and Adopt the Kids Hope Policies and Procedures., updated and minimally revised to meet the accreditation standards and requirements. PROSECUTING ATTORNEY'S OFFICE. 27. Approve Out of State Travel Request for Sawyer VanGuiLder, Legal Tech Assistant, to travel to St. Louis, MO to attend the KarPeL Solutions National User Group Meeting. Dates of travel are April 7 through April 11, 2025. Estimated cost of travel is $2,065.00. PUBLIC WORKS 28. Approve Resolution Nov 25-023-CC Notice of Hearing to consider an Ordinance establishing Chapter 10.50 of the Grant County Code Titled: "Walkway Surface Maintenance Along County Roads". Hearing Date is March 25, 2025 at 3:00 p.m. 29. Authorize purchase of Washington State Department of Transportation Stockpile site for $17,600.00. 30. Approve request to purchase Row for Maple and Grape Drive Reconstruction Project Parcel #10, from Jerry and Gayle Hendrickson. 31. Approve request for a Public Hearing to declare certain County - Owned Property surplus and the sale thereof on WwwI.P.&UQ-5.urplu-sm—m and/or mL\a g-QYd.aals.com. RENEW 32. Approve Out of State Travel Request for Jessica ALcaraz, Maria VaLLa PLazoLa and Enrique Hernandez (Quincy Coalition) to travel to Big Sky, MT for the Montana Summer Institute. Dates of travel are June 17 through June 20, 2025. Estimated cost is $14,059.00 to be paid out of Fund 108.150. Page 14 of 18 BOCC Minutes Week of March 10, 2025 33. Approve Amendment No. 27 to Carelon Facility Agreement between Carelon Behavioral Health and Grant County dba Renew. Effective January 1, 2025 through June 30, 2025. SHERIFF'S OFFICE 34. Approve Medical Contract Renewal with Remedy Inmate Medical Services. Term of the contract is March 1, 2025 through March 1, 2028. 35. Approve Out of State Travel Request for Chief Deputy Phillip Coats, Lieutenant Derek Jay and Lieutenant Josh Erickson to travel to Fort Worth, TX to attend the American Jail Association Conference and Jail Expo. Dates of travel are May 16 through May 22, 2025. Estimated cost is $9,700.00. 36. Approve Out of State Travel Request for David Borden to travel to Hayden, ID to attend Advance Sniper Skills training. Dates of travel are June 22 through June 27, 2025. Estimated cost is $2,500.00. 37. Approve Out of State Travel Request for Carissa Craghead to travel to Louisville, KY to attend the National Correctional Health Conference. Dates of travel are April 4 through April 9, 2025. Estimated cost is $3,200.00. TECHNOLOGY, SERVICES 38. Approve request for a Public Hearing to surplus miscellaneous equipment from the asset inventory system. Technology Services (TS) will be discarding these assets through recycling or direct disposal. The company previously used for recycling is no Longer in business and TS is seeking a new recycler. 39. Approve Purchase Order No. 1020 to KarpeL Solutions for annual PBK software maintenance used by the Prosecuting Attorney's Office in the amount of $35,371.00 to be paid out of Fund 501.179. Term is March 2025 through February 2026. MOVED BY COMMISSIONER CARTER, SECONDED BY COMMISSIONER BURGESS, TO APPROVE CONSENT AGENDA ITEMS 1 THROUGH 39, DENYING ITEM 3. MOTION PASSED UNANIMOUSLY. G. Board Discussion/Decision Items Walk-on Items: • Cost amendment to Consulting Agreement — Energy Modeling, Use, and Benchmarking to perform AHRAE Level two audits at specified county buildings regarding the Clean Buildings Act. This is grant funded, so there will be no cost to the County. • Request for Tom Gaines to DocuSign the Department of Commerce Grant in the amount of $30,668.00 for the ASHRA Level two audit being performed by Custom Energy Consultants regarding the Clean Buildings Act. Page 15 of 18 BOCC Minutes Week of March 10, 2025 MOVED BY COMMISSIONER CARTER, SECONDED BY COMMISSIONER BURGESS, TO APPROVE THE TWO WALK-ON ITEMS AS PRESENTED. MOTION PASSED UNANIMOUSLY. I. Adjournment The Commissioner's Meeting adjourned at 2:29 p.m. 3:00 p.m.-3:15 p.m. Open Record Public Hearing, Royal Soil, LLC Franchise Application Staff Present: Dave Sren, County Engineer, Dave Derting, Permitting Lead Public: See Sign -In Sheet Approved via Grant This being the date set, and proper notices having been posted County Franchise and published in accordance with local and state laws, Agreement Commissioner Jones opened the public hearing at3:00 p.m. toconsider a Franchise Application from Royal Soil, LLCto construct, operate and maintain six (6) foot pipeline under, along and across certain County roads in Grant County Washington lying within the following described portion of the County, to wit: • CROSS: Road 11, NWC, Sec 35, T17 R24; SWC of Sec 26, T17 R24 • ALONG: Road 11, North side in Westerly direction, Sec 26, T17 R24; South side of Sec 27, T17 R24 to West end of Sec 27. Dave Derting, Public Works and JefGaUacci, Royal Soil Representative, gave a brief description of the request. No Public Comment was given. MOVED BY COMMISSIONER CARTER, SECONDED BY COMMISSIONER BURGESS, TO CLOSE THE PUBLIC COMMENT PORTION OF THE HEARING. MOTION PASSED UNANIMOUSLY. Following the motion, it was MOVED BY COMMISSIONER CARTER, SECONDED BY COMMISSIONER BURGESS, TO APPROVE FRANCHISE AS PRESENTED. MOTION PASSED UNANIMOUSLY. The Public Hearing was adjourned at3:07 p.m. 3:30 p.m.-3:45 p.m. Open Record Public Hearing, Budget Extension Request for Washington State Department of Agriculture (WSDA) Grant Page 16 of 18 BOCC Minutes Week of March 10, 2025 Staff Present: None Public: See Sign -in Sheet Approved via This being the date set, and proper notices having been posted Resolution No. 25-025- and published in accordance with Local and state Laws, cc Commissione'r Jones opened the public hearing at 3:30 p.m. to consider a budget extension request for the Washington State Department of Agriculture (WSDA) Grant K5556., received in the amount of $75,454.29forthe Food to Farm Program. Commissioner Jones read the request No Public Comment was given. MOVED BY COMMISSIONER CARTER, SECONDED BY COMMISSIONER BURGESS, TO CLOSE THE PUBLIC COMMENT PORTION OF THE HEARING. MOTION PASSED UNANIMOUSLY. Following the motion, it was MOVED BY COMMISSIONER CARTER, SECONDED BY COMMISSIONER BURGESS, TO APPROVE BUDGET EXTENSION AS PRESENTED. MOTION PASSED UNANIMOUSLY. The Public Hearing was adjourned at 3:34 p.m. 3:45 p.m. — 4: 00 p.m. Open Record Public Hearing, Road Name Change for BaseLine.5-SE Staff Present: Aurelio Razo, Development Services Public: See Sign -in Sheet Approved via This being the date set, and proper notices having been posted Resolution No. 25-021- and published in accordance with local and state Laws, cc Commissioner Jones opened the public hearing at 3:45 p.m. to consider a petition from the Desert Hills Homeowners Association for a road name change. The request is for Road Baseline.5-SE to rename to Desert Hills Loop SE. AureLio, Razo, gave a brief description of the request. Development Services finds that the requested road name change is compliant with the Grant County Code. Page 17 of 18 BOCC Minutes Week of March 10, 2025 Public Cornmilnnt was provided about the following topics: Convenience of receiving mail MOVED BY COMMISSIONER CARTER, SECONDED BY COMMISSIONER BURGESS, TO CLOSE THE PUBLIC COMMENT PORTION OF THE HEARING. MOTION PASSED UNANIMOUSLY. Following the motion, it was MOVED BY COMMISSIONER CARTER, SECONDED BY COMMISSIONER BURGESS, TO APPROVE ROAD NAME CHANGE AS PRESENTED. MOTION PASSED UNANIMOUSLY. The Public Hearing was adjourned at 3:51 p.m. MISCELLANEOUS ITEM • The Chair of the Board was authorized to sign the ELoy Sanchez (Perez -Sanchez Short Plat) Fite #P 24-0274 (preliminary P 23-0206) Final Plat Submission & Review. The Tuesday, March 11, 2025 session was closed at 3:52 p.m. Meeting Minutes for the week of March 10, 2025 were approved this day of ------- 11U,Ll 2025. U-1 Attest: 24� �Z B"a r 'a ra J. Vasquez,/CM'c CteVk of the Board BOARD OF COUNTY COMMISSIONERS Grant County, Was Kevin Burgess, .Omber 6- Page 18 of 18 BOCC Minutes Week of March 1 O2025 SIGNATURE IDENTIFICATION AND NONLITIGATION CERTIFICATE WE, ROB JONES and BARBARA. J. VASQUEZ, the duly chosen, qualified and acting Chair and Clerk, respectively, of the Board of County Commissioners of Grant County, Washington (the "County"), DO HEREBY CERTIFY that our signatures appearing on each of the following described Limited Tax General Obligation Bonds, 2025 of the County are true and correct facsimiles of our signatures. The Bonds are in the aggregate principal amount of $63,390,000, are dated as of the date of their delivery, are in fully registered form, are in the denomination of $5,000 each or integral multiples thereof, and bear interest at the following rates per annum, payable beginning December 1, 2025, and semiannually thereafter on the first days of each succeeding June and December, and mature on December 1 of the following years and in the following amounts: Maturity Year (December 1) Principal Amount Interest Rate 2025 $ 51000 5.000% 2026 41000 5.000 2027 430,000 5.000 2028 650,000 5.000 2029 1,210,000 5.000 2030 1,265,000 5.000 2031 L33000 5.000 2032 L395MOO 5.000 2033 L69500 5.000 2034 L550po 5.000 2035 L63000 5.000 2036 L045,000 5.000 2037 L09500 5.000 2038 L150,000 5.000 2039 1,210)000 5.000 2040 1,270,000 5.000 2045 7,395,000 5.250 2050 9,550,000 5.250 2055 12,395,000 5.500 2060 16,205,000 5.500 WE FURTHER. CERTIFY that there is no controversy or litigation pending or, to the best of our knowledge, threatened affecting the issuance and delivery of the Bonds, the collection of taxes and other revenues pledged to pay the principal thereof and interest thereon, the proceedings and authority under which said Bonds are issued and said taxes levied and revenues collected, the validity of said Bonds, the corporate existence or boundaries of the County or the title of the present officers to their respective offices, and that no authority or proceedings for the issuance of said Bonds has or have been repealed, revoked or rescinded. #509373431.1 IN WITNESS WHEREOF, we hereto affix our signatures as of this 14th day of May, 2025. ( JONES, Chair of the Board of County Commissioners Zell �0 BARBA ehle Arr)of EZ, Clerk ofBo County Commissioners STATE OF WASHINGTON ) ss. COUNTY OF GRANT ) On this /3 day of May, 2025, before me, the undersigned, a Notary Public in and for the State of Washington, duly commissioned and sworn, personally appeared ROB JONES and BARBARA J. VASQUEZ, to me known to be the Chair and the Clerk, respectively, of the Board of County Commissioners of Grant County, Washington. I hereby identify their signatures on this certificate and on the above -described bonds as being in all respects true and genuine. WITNESS my hand and official seal hereto affixed the day and year in this certificate above written. i :v244223360%000, f N ��.* '0Q 1 `0 ) //III 0 fi W W -2- Notary Public in and fors he State of Washington r idin at ,AJq'i h4Print Name&�// P My commission expires q 7V.2_ #509373431.1 IN WITNESS WHEREOF, we hereto affix our signatures as of this 14th day of May, 2025. ,AOtIONES, Chair of the Board of County Commissioners Z_ r� r ARB ARA : S Q Clerk of th0� � oar of County Commissioners STATE OF WASHINGTON ) ss. COUNTY OF GRANT ) On this 13 day of May, 2025, before me, the undersigned, a Notary Public in and for the State of Washington, duly commissioned and sworn, personally appeared ROB JONES and BARBARA J. VASQUEZ, to me known to be the Chair and the Clerk, respectively, of the Board of County Commissioners of Grant County, Washington. I hereby identify their signatures on this certificate and on the above -described bonds as being in all respects true and genuine. WITNESS my hand and official seal hereto affixed the day and year in this certificate above written. dOW AWP +av � g 2402233600 dOo ///III OP WASN\\.X -2- Notary Public in and for the State of Washington residing at , Print Name `-�.R(jp y)/�61- p My commission expires #509373431.1 CERTIFICATE I, Darryl Pheasant, Treasurer for Grant County, Washington (the "County"), DO HEREBY CERTIFY that the following is a listing of all outstanding leases, limited tax general obligation bonds, conditional sales contracts and other obligations for which the County is obligated for the payment of money for a period of more than one year as of May 14, 2025, including the Bonds: Outstanding Leases: Amount Outstanding no Limited Tax General Obligation Bonds: $15 8,744, 000 Conditional Sales Contracts: in Unlimited Tax General Obligation Bonds: -0- DATED as of this 14th day of May, 2025. Darryl Pheasant, Treasurer Grant County, Washington #509373431.1 CERTIFICATE I, Darryl Pheasant, Treasurer for Grant County, Washington (the "County"), DO HEREBY CERTIFY that the following is a listing of all outstanding leases, limited tax general obligation bonds, conditional sales contracts and other obligations for which the County is obligated for the payment of money for a period of more than one year as of May 14, 2025, including the Bonds: Outstanding Leases: Amount Outstanding .Q Limited Tax General Obligation Bonds: $158,744,00o Conditional Sales Contracts: in Unlimited Tax General Obligation Bonds: -0- DATED as of this 14th day of May, 2025. Darryl Pheasant, Treasurer Grant County, Washington #509373431.1 CLOSING CERTIFICATE for Grant County, Washington, Limited Tax General Obligation Bonds, 2025 - $63,390,000 (the "Bonds") I, DARRYL PHEASANT, Treasurer of Grant County, Washington (the "County"), acting in my official capacity, DO HEREBY CERTIFY that: (i) the representations and warranties of the County contained in the Bond Purchase Agreement dated April 24, 2025 between the County and D.A. Davidson & Co. (the "Purchase Agreement") and in Resolution No. 25-019-CC (the "Resolution") are true and correct in all material respects on and as of this date with the same effect as if made on this date; (ii) the County has complied with all of the agreements and satisfied all of the conditions on its part to be performed or satisfied at or prior to this date; and (iii) the Official Statement as of its date did not and as of this date does not contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided, however, that no representation or warranty is made with respect to the information regarding the Underwriter or DTC. Capitalized terms used in this certificate which are not otherwise defined shall have the meanings given to such terms in the Purchase Agreement. DATED as of this 14th day of May, 2025. Darryl Pheasant, Treasurer Grant County, Washington #509373431.1 CLOSING CERTIFICATE for Grant County, Washington, Limited Tax General Obligation Bonds, 2025 - $63,390,000 (the "Bonds") I, DARRYL PHEASANT, Treasurer of Grant County, Washington (the "County"), acting in my official capacity, DO HEREBY CERTIFY that: (i) the representations and warranties of the County contained in the Bond Purchase Agreement dated April 24, 2025 between the County and D.A. Davidson & Co. (the "Purchase Agreement") and in Resolution No. 25-019-CC (the "Resolution") are true and correct in all material respects on and as of this date with the same effect as if made on this date; (ii) the County has complied with all of the agreements and satisfied all of the conditions on its part to be performed or satisfied at or prior to this date; and (iii) the Official Statement as of its date did not and as of this date does not contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided, however, that no representation or warranty is made with respect to the information regarding the Underwriter or DTC. Capitalized terms used in this certificate which are not otherwise defined shall have the meanings given to such terms in the Purchase Agreement. DATED as of this 14th day of May, 2025. Darryl Pheasant, Treasurer Grant County, Washington #509373431.1 REPORT OF THE COUNTY REPRESENTATIVE TO THE BOARD OF COUNTY COMMISSIONERS PURSUANT TO SECTION 13 OF RESOLUTION NO.25-019-CC This report is provided to the Board of County Commissioners (the "Board") of Grant County, Washington with respect to Section 13 of Resolution No. 25-019-CC of the Board (the "Bond Resolution"). Capitalized terms used in this report have the meanings given those terms in the Bond Resolution. 1. The undersigned is a County Representative appointed by the Bond Resolution. 2. I approved the final interest rates, maturity dates, aggregate principal amount, redemption rights and principal amounts of each maturity of the Bonds as shown on Exhibit A attached to this report and as set forth in the Bond Purchase Agreement with D.A. Davidson & Co., signed and approved on April 24, 2025. 3. The aggregate principal amount of the Bonds does not exceed the maximum aggregate principal amount authorized in the Bond Resolution. 4. The true interest cost for the Bonds (in the aggregate) does not exceed the 6.00% maximum set in the Bond Resolution. 5. The final maturity of the Bonds is no later than 38 years from the date of the closing as set in the Bond Resolution. DATED as of this 14th day of May, 2025. Darryl Pheasant, Treasurer Grant County, Washington #509373431.1 This report is provided to the Board of County Commissioners (the "Board") of Grant County, Washington with respect to Section 13 of Resolution No. 25-019-CC of the Board (the "Bond Resolution"). Capitalized terms used in this report have the meanings given those terms in the Bond Resolution. 1. The undersigned is a County Representative appointed by the Bond Resolution. 2. I approved the final interest rates, maturity dates, aggregate principal , amount, redemption rights and principal amounts of each maturity of the Bonds as shown on Exhibit A attached to this report and as set forth in the Bond Purchase Agreement with D.A. Davidson & Co., signed and approved on April 24, 2025. 3. The aggregate principal amount of the Bonds does not exceed the maximum aggregate principal amount authorized in the Bond Resolution. 4. The true interest cost for the Bonds (in the aggregate) does not exceed the 6.00% maximum set in the Bond Resolution. 5. The final maturity of the Bonds is no later than 3 8 years from the date of the closing as set in the Bond Resolution. DATED as of this 14th day of May, 2025. Darryl Pheasant, Treasurer Grant County, Washington #509373431.1 EXHIBIT A BOND PRICING Grant.County LTGO Bands,, 2025 AX, NEQ, Insured Morgue - -10.5 yr fern, Jail -3.5.5 yr term- Makff ay YW rd tG call Call Prmnlum eancl component We Amount Rate YIM[d pfts Mat=ty Date p W er f-Discountl SiNrtaf e4of'& TeTm 5ord TeMi 5- On d 1Z-:0112122;5 -51 DAW 5000% 3.250% 10 0 - 93 9 4,.780.90 1Z4 W2026 41 0.00G 'S.DW ;& 3'.3CC%. 102.55-12 iQ'b422.20 i 2M1 I 2k 0 2 7 43%000: S.D00% 33C0% JC[4.1 lq' 17,711-70 12M WMQ28 650,0M., SM0%, - 3.360% 105.370 34.905M 12M,1=29 1,21 UM' 5.MM 3.4-10% 13, 6-. E� 80,3M.30 MIOM.030 1,265-000- S-MG'0% 3AM% 1.0 71,267 99.5117.55 12;01P..W,*i 1-W-0-GOG S.WO%,r, 31' 4EO% 108-52-0 117. 4`22 r S. 7 0 12M=2024 1139151,10M 500DOZ-& 3.600%. 10917*6 3.670%, JGJE�.ro 5-000% 3-=% 101364 12MMM5 1. 5W,',=- 3-SP--D% jjm3..;S52 Cr ,3-9f4% 1Zf01;.p2D,34 I-M.000 144, -455 G- 60 i2Y0'Ir4a36 71.134UM S-C;DD% 4-020% j 07g.7Z4 tO A.'113% 121M r2DZ4 10-0X00 60'.Sm-.60 12MI22037 5X00%, 4.110%, '1 D6.%-7 Cr 4.276% 1 Z-'0 f 12 034 1 4M 1CM 75�:28&65 12-M 112.0-3 8 1,11S13,s M 5-DUMS --L170%p 106.479- C 4.361% 121-OTI-22.04 10O.GoD 74, 12MM'39 17,210M-M 5-000; 4,240%. 1015.913 C M131'r.:.134 I MM. EDO 7 t.-547.3D 12-MM2040 —127MMU 43M. % 105.032 Cr 4.545% IZ V2034 ' 'T - 100. 10, M 905.4-0 17,"5,000 - L313,910.70 1,MX.A- IS - Z, 5 0 %6 44--660% 1 - - U, . M-e 0 4.912% EZAMJ42034 I 03-D.000 S, 7,72 M01120421 I-AM0001 5-2,50% 4Z-15,0% 10 4. $415 C 4,912%, 1VOI-M- 101D.C,0D 6%,MG 00, U-1211.1043 1.,475.(Xill: 5.27'50`v 4JI550% 104a&S C 4.912% 12MMW 101—CL-CM M.W-S--.75 12MV20-14 1,55's.oc-T3. 4-6ez% '104.34s c 4-912% 1VMOTM2M-4 10—M.0000 577.-SU.7512M * Are.'M r'52254%1' MW-M 5-50, 46-F40% 1.04. M`0 4.912%. MIM.03 10OX-0 1,040.75 321,312-75 11'011204-16 11,720,0D0f)0C 5-22W=a1% 4,8'8!r-n% 1: U3. 5-C .M0 04344 1000-, 0O00O 55Z40301.0012M 4 04, .,aI%.5_%A.,D%Ior: .a-.c1C 3M % " -8 MIVO0L1,2 2M 10-C 7SZSO G.M. -.4.850% 1013ME, c -.5-02-8M I=M.034 10a.(XXR 57 lzu 112049 7-005=Z 5.25D%. 43M %, IG3.02 5 C 5 OW% 12 M T r-4 F3 4 100-COD L626.25 6G551-25 MITL'2050 -nl f 1 '3'', 00 0 5 - 2 S' C-%,' 4-ZED% 103M,25 C 1 ZIM T12C Z4, 100-000 F�3,82:7.50 :5,550'.000 '2:69,1-87.50 124131i205a1 2=2041001 5.50.0% 4-6mj% 110-14.71611 c 5.167% 1 ZD I , "2034 1 W-Goo 1105J594.20 1:117-MIT- 05.2 2,,U-15J:W S. 5D 0%, 4Z70% 104" ' 765-1 Cr -5.1-Feed I Z-0 f! r2034 1 0040M, 11 I., - 64- 5.45 i2it-11T.-M 2, 4 77 0,Q M 5-50D%. 4-SM% M4,76-1 0 5-1- r-m '% 12,Dtr2W 100-0O3. 1ff 14, 59 6--Irc IM131Y2054 Z 6 710,000, 15-500% 4870% 1,04.751 C :5-1 FTC% 11-22MM-M-4 IM000 142 4,2- 62. 1 -0 1MV2055 2.7-50MVO &M.00%, -8. % 4 70 41 104 C Mati'2054 100,;COD 1:M27.50 12,33SAW -550,12-5.35 Tem 5,-.jnd 3EM: 12- i v 1 ?2 c 75 2,905,W-31 55700% SLcz% j,CZ.,jTS6 C 12MV2034- I W-1- COO 109, 11 I.W. S-50.0%, -10-3 , TM c .5.2E5% MfCMEZ4 10Cu:00 I ISO 2- 1.40 5.500 %14 SM0% 103.755 c 5.2615% 16T.400 12U-14a.so 5.50% S,,.000% I - C3 c 5,2E5% UOMO. 100.Eww i2a07 19.6D 5.5G0,% 1010-X 3150129.20 93,330,000 3,122,53Q.70 Dated D14 0-514r,21M DA-1.1ve-Ty Date. 05141w:25 FIrst CD'Urpon Par Amount. Prerrium Produdw 6 6-, 5 1-2-57 96,74 CA 104.92630a% Ur,dr--nW-:L=r's Mscount -30 7 A 4, 1, -50 -31435100% Purctnae Prk>:-: f, ci A. 4 111101 G13, I % A.=Uc-:f Interest NetPfocaeds 66IM51:55,20 BOND SUMMARY STATISTICS Grant County LTGG Bo-nds, 2025 AA-. , NBQ,*, rnsurc-d f4lorgue - 10--5 Yr term., Jail - 35.5 yr term LTGO Scrid's, 2025 LTGG Sondo, M26 VA., tMorg"I Date-d Date 0-5 14,,'-1 C-25 MM41-1-IMS Oat- -VU 1 4,IWS VV14ac--11215 ATUtag'e YIC-M 4.U65135.. 4.6d, 155-13% True latemt Qsst (TIC) 5rwE4f % 3. 7�3 Z4 % N�et Interest cast fwq- 52f,2734%, ezzls% Albin TDC 5,067 62M 3MIsc35395% Auscage, Ccupon 51.000009%, A'r,mge L:"-A- U-eam� 2A. i f. I DMIOn Of T, a. 47 5 5A22 Par Arnawt Vj,7-*4a3.MPV 5,65CUOFIM Bond Fmo=--ds Total Inbmst 1,670,440-26 Wat Interest 1,306J 42,2.6 Total Debt Service 7,,52V,*84C--2S Ma xtr �., Annual Debt Urime 4-424., 112,51 647;500-00 Nreiage Annual Debt 0evolop- 3,734-r`-54.27 -694,101.26 Utv&-rAvbws FeEs Xrerag e Tate dwn, 0 t 11;-,- r F e-es - Total Underwrters, rjl=Lnt a Id price Bond Comportant. Art-mro.nafn MI Ai'*42[rr. 5 5.022553% S.377SI40% 22.489 12.789 1 04A. 141. 4 1 r.0 S par Average AvarVs Vaw3 PTIC-a COLIPM Life Serial &3md T; 7 'U. 51. JMUIM 9.0345 Tem 5and' 7,,Y--R5,GC0.MD f-U-31,45 U 50, % '18.651 Term Soma flla&M 5-250% 23.649 Tem, Bomll #Z &S,00% Tem. SoM: *4 -3,3.654 ;z"Ift-Doo-Gal 22-433 CERTIFICATE OF MANUAL SIGNATURE o n CZ tZlYC' STATE OF WASHINGTON ) ss: COUNTY OF GRANT ) I, the undersigned affiant, being first duly sworn, on oath depose and say: My name is Rob Jones (print or tjpe) I have been duly chosen and am qualified and acting as Chair, Board of County Commissioners (title or position) for Grant County, Washington (name of mmnicipality) The signature appearing above is my true manual signature. This affidavit is made to comply with Ch. 86, Wash. Sess. Laws of 1969. Signature SUBSCRIBED AND SWORN TO before me this f day of May, 2025. A AfF ilt SO�,, ,i PUBLIC in anfor the Sta oNOTARY.SH f .4 .�A �, �i Washington, residiat-I;-� -, ly ,- 0 i /r v �0 % ! Printed Name: 61wf b0 ,� M Commission Expires: -1 1 � �:.. Av�o y p aFtNN #509373431.1 { f } f f fF>y MUNICIPAL BOND INSURANCE COMMITMENT ISSUER: Grant County, Washington MEMBER: Grant County, Washington Effective Date: April 14, 2025 Expiration Date: July 12, 2025 BONDS: Limited Tax General Obligation Bonds, 2025 in aggregate principal amount not to exceed $62,705,000 Insurance Payment: 0.060% of the Total Debt Service on the Bonds BUILD AMERICA MUTUAL ASSURANCE COMPANY ("BAM") hereby commits, subject to the terms and conditions contained herein or added hereto, to issue its Municipal Bond Insurance Policy (the "Policy") relating to the Bonds referenced above (the "Bonds") issued by or on behalf of the Member. To keep this Commitment in effect after the Expiration Date set forth above, a written request for renewal must be submitted to BAM prior to such Expiration Date. BAM reserves the right to grant or deny a renewal in its sole discretion. THE MUNICIPAL BOND INSURANCE POLICY SHALL BE ISSUED IF THE FOLLOWING CONDITIONS ARE SATISFIED: l . The documents to be executed and delivered in connection with the issuance and sale of the Bonds (collectively, the "Security Documents"), shall not contain any untrue or misleading statement of a material fact and shall not fail to state a material fact necessary in order to make the information contained therein not misleading. 2. No event shall occur which would permit any underwriter or purchaser of the Bonds, otherwise required, not to be required to underwrite or purchase the Bonds on the date scheduled for the issuance and delivery thereof (the "Closing Date"). 3. As of the Closing Date, there shall have been no material omissions or material adverse changes in, as to or affecting (i) the Member or the Bonds, including, without limitation, the security for the Bonds or (ii) any disclosure document relating to the Bonds (including any financial statements and other information included or incorporated by reference therein) (the "Official Statement"), the Security Documents to be executed and delivered with respect to the Bonds, any project to be financed with the proceeds of the Bonds (if applicable), the legal opinions to be delivered in connection with the issuance and sale of the Bonds, or any other information submitted to BAM with respect to the issuance and sale of the Bonds, including the proposed debt service schedule of the Bonds, from information previously provided to BAM, in writing. 4. The applicable Security Documents shall contain the document provisions set forth in Exhibit A hereto and shall be in form and substance acceptable to BAM. No variation shall be permitted therefrom except as specifically approved by BAM in writing prior to the Closing Date. 5. The Bonds shall contain no reference to BAM, the Policy or the insurance evidenced thereby except as may be approved in writing by BAM. BOND PROOFS SHALL BE APPROVED IN WRITING BY BAM PRIOR TO PRINTING. The Bonds shall bear a Statement of Insurance in the form found on BAM's website (www.bambonds.com) and in Exhibit B hereto entitled "DOCUMENT, PRINTING AND DISCLOSURE INFORMATION FOR PUBLIC FINANCE TRANSACTIONS 6. The Official Statement shall contain the language provided by BAM. and only such other references to BAM as BAM shall supply or approve in writing, and BAM shall be provided with final drafts of any preliminary and final Official Statement at least two business days prior to printing/electronic posting. BAM SHALL BE PROVIDED WITH AN ELECTRONIC COPY OF THE OFFICIAL STATEMENT SEVEN (7) DAYS PRIOR TO CLOSING, unless BAM shall agree in writing to a shorter period. 7. BAM shall be provided with: (a) Copies of all Security Document drafts prepared subsequent to the date of this Commitment (blacklined to reflect all revisions from previously reviewed drafts) for review and approval. Final drafts of such documents shall be provided at least three (3) business days prior to the issuance of the Policy, -unless BAM. shall agree in writing to a shorter period. Copies of all drafts of the Security Documents shall be delivered to the BAM contacts specified in Exhibit 1. (b) Copies of any consulting reports, feasibility studies, rate reports, engineer's reports or similar expert reports for review and approval, along with any revisions thereto (blacklined to reflect all revisions from previously reviewed drafts). Final drafts of such documents shall be provided at least three (3) business days prior to the issuance of the Policy, -unless BAM shall agree in writing to a shorter period. (c) The amortization schedule for, and final maturity date of, the Bonds, which schedule shall be acceptable to BAM. Please be aware that BAM will only insure fixed rate Bonds. (d) A No -Litigation Certificate or a description of any material pending litigation relating to the Member or the Bonds and any opinions BAM shall request in connection therewith. (e) A description of any material change in the Member's financial position from and after the date of the financial statements provided to BAM. (f) Executed copies of all Security Documents, the Official Statement and the various legal opinions delivered in connection with the issuance and sale of the Bonds (which shall be dated the Closing Date and which, except for the opinions of counsel relating to the adequacy of disclosure, shall be addressed to BAM or accompanied by a letter of such counsel permitting BAM to rely on such opinion as if such opinion were addressed to BAM), including, without limitation, the unqualified approving opinion of bond counsel, in form and substance satisfactory to BAM. The foregoing shall be in form and substance acceptable to BAM. (For your information, the form of legal opinion and officer's certificate to be delivered by BAM at Closing is attached hereto as Exhibit C.) (g) Evidence of wire transfer in federal funds of an amount equal to the Insurance Payment, unless alternative arrangements for the payment of such amount acceptable to BAM have been made prior to the Closing Date. 8. In the event the Bonds are sold in a private placement transaction, (i) BAM shall receive a closing certificate, in form and substance acceptable to BAM, covering the matters in Paragraphs 7 (d) and (e), (ii) the Issuer shall agree to provide BAM with continuing disclosure consistent with any Continuing Disclosure Agreement for any previously issued public debtof the Issuer (irrespective of whether or not that debt remains outstanding) or enter into such other agreement for continuing disclosure acceptable to BAM and (iii) the Issuer shall provide BAM with copies of all documents and agreements, including without limitation any term sheet, side agreement and/or purchase agreement, executed or delivered in connection with the Bonds, which documents and agreements shall be in form and substance acceptable to BAM. 9. Bonds must have an underlying, long-term rating of at least: AA- Standard and Poor's NR Moody's Investors Service 10. Promptly, but in no event more than thirty (30) days after the Closing Date, BAM shall receive a link to or PDF file of, or two (2) CD-ROMs of, the final closing transcript of proceedings, or if a link or PDF file cannot be provided or a CD-ROM is not available, such other electronic form as BAM shall accept. 11. To maintain this commitment until the Expiration Date set forth above, BAM must receive a copy of the signature page of this Commitment fully executed by an authorized officer of the undersigned by the earlier of the date on which the Official Statement containing disclosure language regarding BAM is circulated and ten (10) days after the date of this Commitment. 12. Standard & Poor's Ratings Services will separately present a bill for its fees relating to the Bonds. There is no incremental Standard & Poor's fee for the BAM-Insured rating. Payment of such bill by the Member should be made directly to such rating agency. Payment of the rating fee is not a condition to the release of the Policy by BAM. REPRESENTATION AND AGREEMENT BY BAM (a) BAM is a mutual insurance corporation organized under the laws of, and domiciled in, the State of New York. (b) BAM covenants that it will not seek to convert to a stock insurance corporation. (c) The issuance of the Policy qualifies the Member as a member of BAM until the Bonds are no longer outstanding. As a member of BAM, the Member is entitled to certain rights and privileges as provided in BAM's charter and by-laws and as may otherwise be provided under New York law, including the right to receive dividends if and when declared by BAM's Board of Directors. No dividends have been paid to date, and BAM has no current expectation that any dividends will be paid. (d) The Policy is non -assessable and creates no contingent mutual liability. (e) Refundings. If (1) the Security Documents relating to the Bonds permit a legal defeasance (such that the bonds are no longer treated as outstanding under the Security Documents), (2) refunding bonds ("Refunding Bonds") will be issued for the purpose of legally defeasing such then outstanding BAM-insured Bonds (in this context, the "Refunded Bonds") and (3) upon their issuance (A) such Refiinding Bonds have a final maturity date that is not later than the final Maturity Date of the Refunded Bonds, (B) the average annual debt service on the Refunding Bonds does not exceed the average annual debt service on the Refunded Bonds, and (C) the net proceeds of such Refunding Bonds are applied solely towards the legal defeasance of the Refunded Bonds and related costs of issuance, then, if BAM is requested to, and in its sole discretion determines to, offer a municipal bond insurance policy covering the Refunding Bonds (the "Refunding Policy") BAM will credit the then available Member Surplus Contribution for the Refunded Bonds against the insurance payment then charged with respect to the Refunding Bonds (proportionate to the amount of Refunding Bonds insured by BAM). If the Security Documents are silent on the matter of a legal defeasance, BAM may, in its sole and absolute discretion, accept such certificates, opinions and reports from or on behalf of the Member in connection with the issuance of such Refunding Bonds in order to establish to its satisfaction that the Refunding Bonds will be issued to retire the outstanding Refiinded Bonds and that the Refunding Bonds comply with the criteria set forth in clause (3) of the preceding sentence for the purpose of determining whether a supplemental Member Surplus Contribution is or is not required to be made at that time. (f) As permitted by law, rates have not been and will not be filed with the State of Washington Insurance Commissioner for approval. BUILD AMERICA MUTUAL ASSURANCE COMPANY Authorized Officer April 14, 2025 Date BAM's Legal Entity Identifier (LEI) # is 254900BWZ9EFP17ESA37 AGREED AND ACCEPTED 1. The undersigned agrees and accepts the conditions set forth above and further agrees that (i) if the Bonds (and any of the Bonds to be issued on the same date and for which BAM has issued a commitment) are insured by a policy of municipal bond insurance, such insurance shall be provided by BAM in accordance with the terms of this Commitment; (ii) it has made an independent investigation and decision as to whether to insure the payment when due of the principal of and interest on the Bonds and whether the Policy is appropriate or proper for it based upon its judgment and upon advice from such legal and financial advisers as it has deemed necessary; (iii) BAM has not made, and therefore it is not relying on, any recommendation from BAM that the Bonds be insured or that a Policy be obtained, it being understood and agreed that any communications from BAM (whether written or oral) referring to, containing information about or negotiating the terms and conditions of the Policy, and any related insurance document or the documentation governing the Bonds, do not constitute a recommendation to insure the Bonds or obtain the Policy; (iv) the undersigned acknowledges that BAM has not made any representation, warranty or undertaking, and has not given any assurance or guaranty, in each case, expressed or implied, as to its future financial strength or the rating of BAM's financial strength b the rating g y g agency; (v) the undersigned acknowledges that a credit or claims -paying rating of BAM assigned by a Rating Agency reflects only the views of, and an explanation of the significance of any such rating may be obtained only from, the assigning Rating Agency, any such rating may change or be suspended, placed under review or withdrawn by such Rating Agency if circumstances so warrant, and BAM compensates a Rating Agency to maintain a credit or claims - paying ability rating thereon, but such payment is not in exchange for any specific rating or for a rating within any particular range; (vi) the undersigned may acknowledges that BAM in its sole g Y and absolute discretion at any time request that a Rating Agency withdraw any rating maintained in respect of BAM; and (vii) BAM has made no representation that any dividend will be declared or paid while the Bonds are outstanding, the undersigned has no reason for expecting that any dividend will be declared or paid and the potential receipt of any dividend was not a reason for acquiring the Policy. 2. BAM may determine to designate the Bonds as GreenStar Bonds. Any such designation is based upon information obtained by BAM at the time of issuance of the Bonds and will appear on the cover of and be described under the caption `BOND INSURANCE - BAM GreenStar Bonds" in the Preliminary and Final Official Statements for the Bonds. Said designation will also be included in BAM's Credit Profiles and on BAM's website; it may also be included on lists of green bonds maintained by third parties (including, but not limited to, Bloomberg LP, ICE Data Services, the Municipal Advisory Council of Texas, and the Nasdaq Sustainable Bond Network). Notwithstanding anything to the contrary set forth herein, upon issuance of the Policy, the provisions set forth under paragraphs 1 and 2 above and the representations and agreements of BAM shall survive the expiration or termination of this Commitment. GRANT COUNTY, WASHINGTON By: �r (Authorized Officer Date 1. Notice and Other Information to be given to BAM. The Issuer will provide BAM with all notices and other information it is obligated to provide (i) under its Continuing Disclosure Agreement and (ii) to the holders of the Bonds or the Trustee under the Security Documents. The notice address of BAM is: Build America Mutual Assurance Company, 200 Liberty Street, 27th Floor, New York, NY 10281, Attention: Surveillance, Re: Policy No. , Telephone: (212) 235-2500, Telecopier: (212) 962-1710, Email: notices@buildamerica.com. In each case in which notice or other communication refers to an event of default or a claim on the Policy, then a copy of such notice or other communication shall also be sent to the attention of the General Counsel at the same address and at claims@buildamerica.com or at Telecopier: (212) 962-1524 and shall be marked to indicate "URGENT MATERIAL ENCLOSED." 2. Amendments, Supplements and Consents. a. Consents and Amendments. whenever any Security Document requires the consent of Bondholders, BAM's consent shall also be required. In addition, any amendment supplement or modification to the Security Documents that adversely affect the rights or interests of BAM shall be subject to the prior written consent of BAM. b. Control Rights of BAM Upon Default. Anything in any Security Document to the contrary notwithstanding, upon the occurrence and continuance of a default or an event of default, BAM shall be deemed to be the sole holder of the Bonds for all purposes and shall be entitled to control and direct the enforcement of all rights and remedies granted to the holders of the Bonds or the trustee, paying agent, registrar, or similar agent (the "Trustee") for the benefit of such holders under any Security Document. The Trustee may not waive any default or event of default or accelerate the Bonds without BAM's written consent. 3. BAM As Third Party Beneficiary. BAM is explicitly recognized as and shall be deemed to be a third -party beneficiary of the Security Documents and may enforce any right, remedy or claim conferred, given or granted thereunder. 4. Policy Payments. a. In the event that principal and/or interest due on the Bonds shall be paid by BAM pursuant to the Policy, the Bonds shall remain outstanding for all purposes, not be defeased or otherwise satisfied and not be considered paid by the Issuer, the assignment and pledge of the trust estate and all covenants, agreements and other obligations of the Issuer to the registered owners shall continue to exist and shall run to the benefit of BAM, and BAM shall be subrogated to the rights of such registered owners including, without limitation, any rights that such owners may have in respect of securities law violations arising from the offer and sale of the Bonds. b. Notwithstanding anything to the contrary, the Issuer and the Trustee shall agree for the benefit of BAM that: i. They recognize that to the extent BAM makes payments directly or indirectly (e.g., by paying through the Trustee), on account of principal of or interest on the Bonds, BAM will be subrogated to the rights of such holders to receive the amount of such principal and interest from the Issuer, with interest thereon, as provided and solely from the sources stated in the Security Documents and the Bonds; and ii. They will accordingly pay to BAM the amount of such principal and interest, with interest thereon, but only from the sources and in the manner provided in the Security Documents and the Bonds for the payment of principal of and interest on the Bonds to holders, and will otherwise treat BAM as the owner of such rights to the amount of such principal and interest. c. Special Provisions for Insurer Default: If an Insurer Default shall occur and be continuing, then, notwithstanding anything in paragraph 2 above to the contrary, (1) if at any time prior to or following an Insurer Default, BAM has made payment under the Policy, to the extent of such payment BAM shall be treated like any other holder of the Bonds for all purposes, including giving of consents, and (2) if BAM has not made any payment under the Policy, BAM shall have no firther consent rights until the particular Insurer Default is no longer continuing or BAM makes a payment under the Policy, in which event, the foregoing clause (1) shall control. For purposes of this paragraph (4c), "Insurer Default" means: (A) BAM has failed to make any payment under the Policy when due and owing in accordance with its terms; or (B) BAM shall (i) voluntarily commence any proceeding or file any petition seeking relief under the United States Bankruptcy Code or any other Federal, state or foreign bankruptcy, insolvency or similar law, (ii) consent to the institution of or fail to controvert in a timely and appropriate manner, any such proceeding or the filing of any such petition, (iii) apply for or consent to the appointment of a receiver, trustee, custodian, sequestrator or similar official for such party or for a substantial part of its property, (iv) file an answer admitting the material allegations of a petition filed against it in any such proceeding, (v) make a general assignment for the benefit of creditors, or (vi) take action for the purpose of effecting any of the foregoing; or (C) any state or federal agency or instrumentality shall order the suspension of payments on the Policy or shall obtain an order or grant approval for the rehabilitation, liquidation, conservation or dissolution of BAM (including without limitation under the New York Insurance Law). 5 . Definitions. "BAW shall mean Build America Mutual Assurance Company, or any successor thereto. "Policy" shall mean the Municipal Bond Insurance Policy issued by BAM that guarantees the scheduled payment of principal of and interest on the Bonds when due. "Security Documents" shall mean the resolution, trust agreement, ordinance, loan agreement, bond, note and/or any additional or supplemental document executed in connection with the Bonds. EXHIBIT B DOCUMENT, PRINTING AND DISCLOSURE INFORMATION FOR PUBLIC FINANCE TRANSACTIONS BUILD AMERICA MUTUAL ASSURANCE COMPANY DOCUMENT, PRINTING AND DISCLOSURE INFORMATION FOR PUBLIC FINANCE TRANSACTIONS This information is intended for use by bond counsel, the underwriters, financial advisors, printers and preparers of municipal bond offerings that will be insured in whole or in part by Build America Mutual Assurance Company ("BAM"). Prior to any reference to BAM in your marketing efforts, including, but not limited to any preliminary or final Official Statement and any rating agency presentation, in respect of a BAM-insured issue, BAM must receive an executed copy of its Commitment Letter. Blacklined copies of each draft of each transaction document, preliminary and final official statements with Appendices, and bond form(s) should be delivered to BAM for review and comment with reasonable opportunity to submit any comments prior to printing or execution, but in any event not less than three business days prior to execution. Such documents shall be delivered to the BAM attorney working on the transaction. If you are uncertain of the proper person to whom to deliver the documents, please email the documents to: documents2buildam erica.com. Please identify the issuer, obligor and issue name in the subject line of the email. BAM will deliver to Bond Counsel, at the pre -closing for any such municipal bond offering (such offering to the extent insured by BAM, the "Insured Obligations"), assuming the requirements of the Commitment Letter have been met, 0 an opinion of counsel as to the validity of the policy, • a disclosure, no default and tax certificate of BAM, the executed policy and • other certificates, if any, required in the transaction. Prior to closing, BAM will obtain the rating letter from Standard & Poor's Ratings Services, a Standard & Poor's Financial Services LLC business, relating to any Insured Obligations. Note that any questions with regards to rating agency fees should be directed to the rating agency. INDEX EXHIBIT NO. DIRECTORY LegalDepartment Directory ............................................................................................................................ OFFICIAL STATEMENT BAM Disclosure Information (for inclusion in the Official Statement) ................................................................................................. 2 Specimen: MunicipalBond Insurance Policy ................................................................................................................... 3 BOND FORM, Statement of Insurance (Language for Bond Form) ............................................................................... 4 WIRE INSTRUCTIONS Procedures For Premium Payment (including wire -transfer instructions) .................................................................................................... S EXHIBIT 1 BAM DIRECTORY Name Title "ele hone Email BAM ATTORNEYS Andrea Rodriguez Counsel 212-235-2580 arodriguez@buildamerica.co m CLOSING COORDINATORS Robert Metcalfe 212-235-2551 rmetcalfe@buildamerica.com BAM ANALYST Christine Catherman 212-235-2568 ccatherman@buildamerica.co m EXHIBIT 2 BUILD AMERICA MUTUAL ASSURANCE COMPANY ("BAM") DISCLOSURE INFORMATION (FOR INCLUSION IN THE OFFICIAL STATEMENT) The following are BAM's requirements for printing the preliminary and final official statements: 1. Both the preliminary and final official statements must contain the information set forth in these Exhibits and BAM must be provided with final drafts for its approval and sign off thereon at least two business days prior to the printing thereof; 2. Any changes made to the BAM Disclosure Information for inclusion in the preliminary and final official statements must first be approved by BAM, and 3. BAM must receive an electronic copy of the final official statement seven (7) days prior to closing, unless BAM shall have agreed to some shorter period. TO BE PRINTED ON THE COVER OF THE OFFICIAL STATEMENT: The following language should be used when insuring: 1. THE ENTIRE ISSUE: The scheduled payment of principal of and interest on the Bonds when due will be guaranteed under a municipal bond insurance policy to be issued concurrently with the delivery of the Bonds by BUILD AMERICA MUTUAL ASSURANCE COMPANY, 2. CAPITAL APPRECIATION BONDS: The scheduled payment of principal of (or, in the case of Capital Appreciation Bonds, the accreted value) and interest on the Bonds when due will be guaranteed under a municipal bond insurance policy to be issued concurrently with the delivery of the Bonds by BUILD AMERICA MUTUAL ASSURANCE COMPANY, 3. PARTIAL MATURITIES (LESS THAN ENTIRE ISSUE): The scheduled payment of principal of and interest on the Bonds maturing on - of the years —through . inclusive, with CUSIP #('s) . (collectively, the "Insured Bonds"), when due will be guaranteed under a municipal bond insurance policy to be issued concurrently with the delivery of the Insured Bonds by BUILD AMERICA MUTUAL ASSURANCE COMPANY, 4. CERTIFICATES OR NOTES: Change all references from the Bonds to Certificates or Notes wherever necessary, but DO NOT change the reference to the policy from Municipal Bond Insurance Policy. PRINTER'S NOTE: USE BUILD AMERICA MUTUAL ASSURANCE COMPANY LOGO AND INK #PMS BLUE 2736; REDS 199,201 AND 1817. THE LOGO MAY BE OBTAINED FROM BAM'S WEBSITE WWW.BAMBONDS.COM THE LOGO MAY BE OBTAINED FROM BAM'S WEBSITE TO BE PRINTED IN THE BODY OF THE OFFICIAL STATEMENT OR AS AN EXHIBIT USE THE FOLLOWING LANGUAGE WHEN INSURING THE ENTIRE ISSUE: NOTE: The language under the subheading "Bond Insurance Policy" should be modified when insuring Capital Appreciation Bonds, Partial Maturities (less than the entire issue), Certificates and/or Notes. BOND INSURANCE BOND INSURANCE POLICY Concurrently with the issuance of the Bonds, Build America Mutual Assurance Company ("BAM") will issue its Municipal Bond Insurance* Policy for the Bonds (the "Policy"). The Policy guarantees the scheduled payment of principal of and interest on the Bonds when due as set forth in the form of the Policy included as an exhibit to this Official Statement. The Policy is not covered by any insurance security or guaranty fund established under New York, California, Connecticut or Florida insurance law. BUILD AMERICA MUTUAL ASSURANCE COMPANY BAM is a New York domiciled mutual insurance corporation and is licensed to conduct financial guaranty insurance business in all fifty states of the United States and the District of Columbia. BAM provides credit enhancement products to issuers in the U.S. public finance markets. BAM will only insure municipal bonds, as defined in Section 6901 of the New York Insurance Law, which are most often issued by states, political subdivisions, integral parts of states or political subdivisions or entities otherwise eligible for the exclusion of income under section 115 of the U.S. Internal Revenue Code of 1986, as amended. No member of BAM is liable for the obligations of BAM. The address of the principal executive offices of BAM is: 200 Liberty Street, 27th Floor, New York, New York 10281, its telephone number is: 212-235-2500, and its website is located at: www.bambonds.com. BAM is licensed and subject to regulation as a financial guaranty insurance corporation under the laws of the State of New York and in particular Articles 41 and 69 of the New York Insurance Law. BAM's financial strength is rated "AA/Stable" by S&P Global Ratings, a business unit of Standard & Poor's Financial Services LLC ("S&P"). An explanation of the significance of the rating and current reports may be obtained from S&P at https://www.sDL71obal.com/ent. The rating of BAM should be evaluated independently. The rating reflects S&P's current assessment of the creditworthiness of BAM and its ability to pay claims on its policies of insurance. The above rating is not a recommendation to buy, sell or hold the Bonds, and such rating is subject to revision or withdrawal at any time by S&P, including withdrawal initiated at the request of BAM in its sole discretion. Any downward revision or withdrawal of the above rating may have an adverse effect on the market price of the Bonds. BAM only guarantees scheduled principal and scheduled interest payments payable by the issuer of the Bonds on the date(s) when such amounts were initially scheduled to become due and payable (subject to and in accordance with the terms of the Policy), and BAM does not guarantee the market price or liquidity of the Bonds, nor does it guarantee that the rating on the Bonds will not be revised or withdrawn. Capitalization of BAM BAM's total admitted assets, total liabilities, and total capital and surplus, as of December 31, 2024 and as prepared in accordance with statutory accounting practices prescribed or permitted by the New York State Department of Financial Services were $498.6 million, $253.4 million and $245.2 million, respectively. BAM is party to a first loss reinsurance treaty that provides first loss protection up to a maximum of 15% of the par amount outstanding for each policy issued by BAM, subject to certain limitations and restrictions. BAM's most recent Statutory Annual Statement, which has been filed with the New York State Insurance Department and posted on BAM's website at www.bambonds.com, is incorporated herein by reference and may be obtained, without charge, upon request to BAM at its address provided above (Attention: Finance Department). Future financial statements will similarly be made available when published. BAM makes no representation regarding the Bonds or the advisability of investing in the Bonds. In addition, BAM has not independently verified, makes no representation regarding, and does not accept any responsibility for the accuracy or completeness of this Official Statement or any information or disclosure contained herein, or omitted herefrom, other than with respect to the accuracy of the information regarding BAM, supplied by BAM and presented under the heading "BOND INSURANCE". Additional Information Available from BAM Credit Insights Videos. For certain BAM-insured issues, BAM produces and posts a brief Credit Insights video that provides a discussion of the obligor and some of the key factors BAM's analysts and credit committee considered when approving the credit for insurance. The Credit Insights videos are easily accessible on BAM's website at https: f l ambonds.com,%insights f #video. (The preceding website address is provided for convenience of reference only. Information available at such address is not incorporated herein by reference.) Credit Profiles. Prior to the pricing of bonds that BAM has been selected to insure, BAM may prepare a pre -sale Credit Profile for those bonds. These pre -sale Credit Profiles provide information about the sector designation (e.g. general obligation, sales tax); a preliminary summary of financial information and key ratios; and demographic and economic data relevant to the obligor, if available. Subsequent to closing, for any offering that includes bonds insured by BAM, any pre -sale Credit Profile will be updated and superseded by a final Credit Profile to include information about the gross par insured by CUSIP, maturity and coupon. BAM pre -sale and final Credit Profiles are easily accessible on BAM's website at https:llbambonds.com/credit-prof*iles. BAM will produce a Credit Profile for all bonds insured by BAM, whether or not a pre -sale Credit Profile has been prepared for such bonds. (The preceding website address is provided for convenience of reference only. Information available at such address is not incorporated herein by reference.) Disclaimers. The Credit Profiles and the Credit Insights videos and the information contained therein are not recommendations to purchase, hold or sell securities or to make any investment decisions. Credit -related and other analyses and statements in the Credit Profiles and the Credit Insights videos are statements of opinion as of the date expressed, and BAM assumes no responsibility to update the content of such material. The Credit Profiles and Credit Insight videos are prepared by BAM; they have not been reviewed or approved by the issuer of or the underwriter for the Bonds, and the issuer and underwriter assume no responsibility for their content. BAM receives compensation (an insurance premium) for the insurance that it is providing with respect to the Bonds. Neither BAM nor any affiliate of BAM has purchased, or committed to purchase, any of the Bonds, whether at the initial offering or otherwise. The Bond Insurance language for the Official Statement under the subheading "Bond Insurance Policy" should be replaced with the following language when insuring: 1. CAPITAL APPRECIATION BONDS: Concurrently with the issuance of the Bonds, Build America Mutual Assurance Company ("BAM") will issue its Municipal Bond Insurance Policy for the Bonds (the "Policy"). The Policy guarantees the scheduled payment of principal of (or, in the case of Capital Appreciation Bonds, the accreted value) and interest on the Bonds when due as set forth in the form of the Policy included as an exhibit to this Official Statement. 2. PARTIAL MATURITIES (LESS THAN THE ENTIRE ISSUE): Concurrently with the issuance of the Bonds, Build America Mutual Assurance Company ("BAM") will issue its Municipal Bond Insurance Policy (the "Policy") for the Bonds maturing on of the years through , inclusive, with CUSIP Ws (collectively, the "Insured Bonds"). The Policy guarantees the scheduled payment of principal of and interest on the Insured Bonds when due as set forth in the form of the Policy included as an exhibit to this Official Statement 3. CERTIFICATES OR NOTES: Change all references from the Bonds to Certificates or Notes wherever necessary, but DO NOT change the reference to the policy from Municipal Bond Insurance Policy. TO BE PRINTED ON THE INSIDE COVER OF OFFICIAL STATEMENT AS PART OF THE DISCLAIMER STATEMENT: Build America Mutual Assurance Co'mpany ("BAM") makes no representation regarding the Bonds or the advisability of investing in the Bonds. In addition, BAM has not independently verified, makes no representation regarding, and does not accept any responsibility for the accuracy or completeness of this Official Statement or any information or disclosure contained herein, or omitted herefrom, other than with respect to the accuracy of the information regarding BAM, supplied by BAM and presented under the heading "Bond Insurance" and "Exhibit — - Specimen Municipal Bond Insurance Policy". EXHIBIT 3 Specimen Municipal Bond Insurance Policy MUNICIPAL BOND INSURANCE POLICY B A, 4 y , ISSUER: [NAME OF ISSUER] Policy No: \ , MEMBER: [NAME OF MEMBER] BONDS: $ in aggregate principal Effective'Date:'�:\��. -- , amount of [NAME OF TRANSACTION] [and maturing on] t Risk=Premium: $ Member Surplus, Contribution. $ ' \f Total Insurance Payment- ;7 $ r, BUILD AMERICA MUTUAL ASSURANCE COMPANY``(BAM")1, for consideration received, hereby UNCONDITIONALLY AND IRREVOCABLY agrees to a to the trustee the "Trustee" or a in agent ,(the`"Pying.A�ent") for the Bonds named above (as set forth in the pay ( ) p Y g b documentation providing for the issuance and securing of the Bonds), for the berie t of the a0wners`or, at the election of BAM, directly to each Owner, subject only to the terms of this Policy (which includes each 6&rseirient hereto), thit portion of the principal of and interest on the Bonds that shall become Due for Payment but shall be unpaid by reason of Nonpayment by.the Issuer. On the later of the day on which such principal and-iriierest becomes"Due for Payrnent or the first Business Day following the Business Day on which BAM shall have received Notice of Nonpayment, BAM will disburse (but without duplication in the case of duplicate claims for the same Nonpayment) to or for the benefit of each Owner of the Bonds, the face amount of principal of and interest on the Bonds that is then Due for Payment but is then unpaid by reason of Nonpaymenkby the Issuer, but only upon receipt by'BAMV in a form reasonably satisfactory to it, of (a) evidence of the Owner's right to receive payment of such iprincipat.or interest then Due .,for Payment and (b) evidence, including any appropriate instalments of assignment, that all of the Owner's rights with respect to payment of such principal or interest that is Due for Payment shall thereupon vest in BAM. A Notice of Nonpayment will be deemed received on a giv' ,en Business Day if it is received prior to 1:00 p.m. (New York time) on such Business Day; otherwise, it will be deemed received on the next Business Day. If any Notice. of Nonpayment received by BAM is incomplete, it shall be deemed not to have been received by BAMy for purposes of the -preceding sentence,;;and BAM shall promptly so advise the Trustee, Paying Agent or Owner, as appropriate, any of whom may submit an. atnended Notice of Nonpayment. Upon disbursement under this Policy in respect of a Bond and to the extent of such payment, BAM sh all become the owner 'of such Bo6d. t ny appurtenant coupon to such Bond and right to receipt of payment of principal of or interest on such Bond and shah be -fully subrogated to the rights; of the Owner, including the Owner's right to receive payments under such Bond. Payment by BAM either to the Trustee or Paying, Agent for tie. -benefit of the Owners, or directlyto the Owners on account of an Nonpayment shall • � �r �< �� Y discharge the obligations of BAM under this Policy with respect to said Nonpayment. Except to the extent expressly modified by an endorsement hereto, the following terms shall have the meanings specified for all purposes of this Policy. "Business Day" means any day other than (a) a Saturday or Sunday or (b) a day on which banking institutions in the State of New York .1 or the 1�surerI s Fiscal Agent (as defiled herein) are authorized or required by law or executive order to remain closed. "Due for Payment" means (a) when .referring to the principal of Bond, payable on the stated maturity date thereof or the date on which the same shall have been duly called for mandatory sinking hmdredemption and does not refer to any earlier date on which payment is due by reason of call for redemption (other than by mandatory sinning fund redemption), acceleration or other advancement of maturity (unless BAM shall elect, in its sole discretion, to pay such principal due upon such acceleration together with any accrued interest to the date of acceleration) and (b) when referring to interest on a Bond, payable on the stated date for payment of interest. "Nonpayment" means, in respect of a Bond, the failure of the Issuer to have provided sufficient fiends to the Trustee or, if there is no Trustee, to the .Paying Agent for payment in full of all principal and interest that is Due for Payment on such Bond. "Nonpayment" shall also include, in` respect,of a Bond, any payment made to an Owner by or on behalf of the Issuer of principal or interest that is Due for Payment, which payment has been -recovered from such Owner pursuant to the United States Bankruptcy Code in accordance with a final, nonappealable order of a court having competent jurisdiction. "Notice" means delivery to BAM of a notice of claim and certificate, by certified mail, email or telecopy as set forth on the attached Schedule or other acceptable electronic delivery, in a form satisfactory to BAM, from and signed by an Owner, the Trustee or the Paying Agent, which notice shall specify (a) the person or entity making the claim, (b) the Policy Number, (c) the claimed amount, (d) payment instructions and (e) the date such claimed amount becomes or became Due for Payment. "Owner" means, in respect of a Bond, the person or entity who, at the time of Nonpayment, is entitled under the terms of such Bond to payment thereof, except that "Owner" shall not include the Issuer, the Member or any other person or entity whose direct or indirect obligation constitutes the underlying security for the Bonds. BAM may appoint a fiscal agent (the "Insurer's Fiscal Agent") for purposes of this Policy by giving written notice to the Trustee, the Paying Agent, the Member and the Issuer specifying the name and notice address of the Insurer's Fiscal Agent. From and after the date of receipt of such notice by the Trustee, the Paying Agent, the Member or the Issuer (a) copies of all notices required to be delivered to BAM pursuant to this Policy shall be simultaneously delivered to the Insurer's Fiscal Agent and to BAM and shall not be deemed received until received by both and (b) all payments required to be made by BAM under this Policy may be made directly by BAM or by the Insurer's Fiscal Agent on behalf of BAM. The Insurer's Fiscal Agent is the agent of BAM only, and the Insurer's Fiscal Agent shall in no event be liable to the Trustee, Paying Agent or any Owner for any act of the Insurer's Fiscal Agent or any failure of BAM to deposit or cause to be deposited sufficient funds to snake payments due under this Policy. To the fullest extent permitted by applicable law, BAM agrees not to assert, and hereby waives, only for the benefit of each Owner, all rights (whether by counterclaim, setoff or otherwise) and defenses (including, without limitation, the defense of fraud), whether cquired by subrogation, assignment or otherwise, to the extent that such rights and defenses may be available to BAM to avoid payment of its ob a is under this Policy in accordance with the express provisions of this Policy. This Policy may not be canceled or revoked.', This Policy sets forth in full the undertaking of BAM and shall not be modified, altered or affecte&h, N, eeme ' ..r instrument ��C�w t .,�i t t. £ rL including any modification or amendment thereto. Except to the extent expressly modified by an endorsement here- any p.!};k Ny��}airLespect of this Policy is nonrefundable for any reason whatsoever, including payment, or provision being made fora ent, of fonds prN" aiy. THIS POLICY IS NOT COVERED BY THE PROPERTY/CASUALTY INSURANCE SECURITY FIJ) � FIED IN`AkTICLE 76 O' 1EW YORK INSURANCE LAW. THIS POLICY IS ISSUED WITHOUT CONTINGENT MUTUAL: LABILITY FOR ASSES ]1,dENT. 5 In witness whereof, BUILD AMERICA MUTUAL ASSURANCE COMPANY has cats--e this Pol c�Ao be executed. ba its behalf by its Authorized Officer. j BUILD AME,VIUTUA : ` sURAN z @ACOMPANY {Y K 1 B .. ttuth�+ed1 Officer W ♦ r ' r 4 ♦ \ Notices (Unless Otherwise Specified by BAAI) Email: claims@buildamerica.com Address: 200 Liberty Street, 27th floor New York, New York 10281 Telecopy: 212-962-1524 (attention: Claims) J r.: \ f, / t \ i I j \ r \ fr The Bonds shall bear a Statement of Insurance in the following form. The following language should be used when insuring 1. THE ENTIRE ISSUE: Build America Mutual Assurance Company ("BAM"), New York, New York, has delivered its municipal bond insurance policy (the "Policy") with respect to the scheduled payments due of principal of and interest on this Bond to (insert name of paying agent or trustee), (city or county), (state), or its successor, [as paying agent for the Bonds (the "Paying Agent'T [as trustee for the Bonds (the "Trustee")]. Said Policy is on file and available for inspection at the principal office of the [Paying Agent] [Trustee] and a copy thereof may be obtained from BAM or the [Paying Agent] [Trustee]. All payments required to be made under the Policy shall be made in accordance with the provisions thereof. By its purchase of these Bonds, the owner acknowledges and consents (i) to the subrogation and all other rights of BAM as more fully set forth in the Policy and (ii) that upon the occurrence and continuance of a default or an event of default under the [Resolution/Ordinance/Indenture] or this Bond, BAM shall be deemed to be the sole owner of the Bonds for all purposes and shall be entitled to control and direct the enforcement of all rights and remedies granted to the owners of the Bonds -or the trustee, paying agent, registrar or similar agent for the benefit of such owners under the [Resolution/Ordinance/Indenture], at law or in equity. Z. CAPITAL APPRECIATION BONDS: Build America Mutual, Assurance Company ("BAM"), New York, New York, has delivered its municipal bond insurance policy (the "Policy") with respect to the scheduled payments due of principal of (or, in the case of Capital Appreciation Bonds, the accreted value) and interest on this Bond to [insert name of paying agent or trustee}, {city or county}, {state}, or its successor, as [paying agent for the Bonds (the "Paying Agent")] as trustee for the Bonds (the "Trustee")]. Said Policy is on file and available for inspection at the principal office of the [Paying Agent] [Trustee] and a copy thereof may be obtained from BAM or the [Paying Agent] [Trustee]. All payments required to be made under the Policy shall be made in accordance with the provisions thereof. By its purchase of these Bonds, the owner acknowledges and consents (i) to the subrogation and all other rights of BAM as more fully set forth in the Policy and (ii) that upon the occurrence and continuance of a default or an event of default under the [Resolution/Ordinance/Indenture] or this Bond, BAM shall be deemed to be the sole owner of the Bonds for all purposes and shall be entitled to control and direct the enforcement of all rights and remedies granted to the owners of the Bonds or the trustee, paying agent, registrar or similar agent for the benefit of such owners under the [Resolution/Ordinance/Indenture], at law or in equity. 3. PARTIAL MATURITIES (LESS THAN ENTIRE ISSUE): Build America Mutual Assurance Company ("BAM"), New York New York, has delivered its municipal bond insurance policy (the "Policy") with respect to the scheduled payments due of principal of and interest on this Bonds maturing on of the years through , inclusive (the "Insured Bonds"), to {insert name of paying agent or trustee), {city or county), {state), or its successor, [as paying agent for the Bonds (the "Paying Agent")] [as trustee for the Bonds (the "Trustee")]. Said Policy is on file and available for inspection at the principal office of the [Paying Agent] [Trustee] and a copy thereof may be obtained from BAM or the [Paying Agent] [Trustee]. All payments required to be made under the Policy shall be made in accordance with the provisions thereof. By its purchase of these Bonds, the owner acknowledges and consents (i) to the subrogation and all other rights of BAM as more fully set forth in the Policy and (ii) that upon the occurrence and continuance of a default or an event of default under the [Resolution/O.rdinance/Indenture] or this Bond, BAM shall be deemed to be the sole owner of the Bonds for all purposes and shall be entitled to control and direct the enforcement of all rights and remedies granted to the owners of the Bonds or the trustee, paying agent, registrar or similar agent for the benefit of such owners under the [Resolution/Ordinance/Indenture], at law or in equity. 4. CERTIFICATES OR NOTES: Change all references from the Bonds to Certificates or Notes wherever necessary, but DO NOT change the reference to the policy from Municipal Bond Insurance Policy. EXHIBIT 5 PROCEDURES FOR PREMIUM PAYMENT TO BAM This form is not to be included in the Official Statement. RAM's issuance of its municipal bond insurance policy at bond closing is contingent upon payment and receipt of the premium. NO POLICY MAY BE RELEASED UNTIL PAYMENT OF SUCH AMOUNT HAS BEEN CONFIRMED. Set forth below are the procedures to be followed for confirming the amount of the premium to be paid and for paying such amount: Upon determination of the final debt service schedule, email or fax such schedule to the appropriate BAM Underwriter Christine Catherman Phone No.: 212-235-2568 Email: ccatherman@buildamerica.com Confirm with the individual in our underwriting department that you are in agreement with respect to par and premium on the transaction prior to the closing date, Payment Date: Date of Delivery of the Insured Bonds. Method of Payment: Wire transfer of Federal Funds. Wire Transfer Instructions: Bank: JPMorgan Chase ABA#: 021000021 Acct. Name: Build America Mutual Assurance Company Account No.: .80001613703 Policy No.: - (Include in OBI Field) CONFIRMATION OF PREMIUM BAM will accept as confirmation of the premium payment a wire transfer number and the name of the sending bank, to be communicated to the Closing Coordinator on the closing date: Yanique Graham Patrice James Claudette Littlejohn Robert Metcalfe Nolan Miller Sarah Sheppard Neah Williams (212) 235-2569 (212) 235-2559 (212) 235-2572 (212) 235-2551 (212) 235-2511 (212) 235-2568 (212) 235-2535 EXHIBIT C BAM LEGAL OPINION AND CERTIFICATE Re: Municipal Bond Insurance Policy No; [POLICY NO.] With Respect to $_ [Name of Issuer] (the "Issuer") Bonds, Series I (the "Bonds") Ladies and Gentlemen: I am Counsel of Build America Mutual Assurance Company, a New York mutual insurance company ("BAM"). You have requested my opinion in such capacity as to the matters set forth below in connection with the issuance by BAM of its above - referenced policy (the "Policy"). In that regard, and for purposes of this opinion, I have examined such corporate records, documents and proceedings as I have deemed necessary and appropriate. Based upon the foregoing, I am of the opinion that: 1. BAM is a mutual insurance company duly organized and validly existing under the laws of the State of New York and authorized to transact financial guaranty insurance business therein. 2. The Policy has been duly authorized, executed and delivered by BAM. 3. The Policy constitutes the valid and binding obligation of BAM, enforceable in accordance with its terms, subject, as to the enforcement of remedies, to bankruptcy, insolvency, reorganization, rehabilitation, moratorium and other similar laws affecting the enforceability of creditors' rights generally applicable in the event of the bankruptcy or insolvency of BAM and to the application of general principles of equity. 4. The issuance of the Policy qualifies [the Issuer] as a member of BAM until [the Bonds] are no longer outstanding. As a member of BAM, [the Issuer] is entitled to certain rights and privileges as provided in BAM's charter and by-laws and as may otherwise be provided under New York law. The Policy is non -assessable and creates no contingent mutual liability. In addition, please be advised that I have reviewed the description of the Policy under the caption "BOND INSURANCE" in the official statement relating to the above - referenced Bonds dated [DATE] (the "Official Statement"). There has not come to my attention any information which would cause me to believe that the description of the Policy referred to above, as of the date of the Official Statement or as of the date of this opinion, contains any untrue statement of a material fact or omits to state a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading. Please be advised that I express no opinion with respect to any information contained in, or omitted from, "the Official Statement". I am a member of the Bar of the State of New York, and do not express any opinion as to any law other than the laws of the State of New York. This letter and the legal opinions herein are intended for the information solely of the addresses hereof and solely for the purposes of the transactions described in the Official Statement and are not to be relied upon by any other person or entity (including, without limitation, any person or entity that acquires bonds from an addressee of this letter.) I do not undertake to advise you of matters that may come to my attention subsequent to the date hereof that may affect the conclusions expressed herein. Very truly yours, DISCLOSURE, NO DEFAULT AND TAX CERTIFICATE OF BUILD AMERICA MUTUAL ASSURANCE COMPANY The undersigned hereby certifies on behalf of BUILD AMERICA MUTUAL ASSURANCE COMPANY ("BAM"), in connection with the issuance by BAM of its Policy No. [POLICY NO.] (the "Policy") in respect of the [$AMOUNT] [NAME OF TRANSACTION] (the "Bonds") that: (i) The information set forth under the caption "BOND INSURANCE -BUILD AMERICA MUTUAL ASSURANCE COMPANY" in the official statement dated [DATE], relating to the Bonds (the "Official Statement") is true and correct; (ii) BAM is not currently in default nor has BAM ever been in default under any policy or obligation guaranteeing the payment of principal of or interest on an obligation; (iii) The Policy is an unconditional and recourse obligation of BAM (enforceable by or on behalf of the holders of the Bonds) to pay the scheduled principal of and interest on the Bonds when due in the event of Nonpayment by the Issuer (as set forth in the Policy); (iv) The insurance payment (inclusive of the sum of the Risk Premium and the Member ft`on) (tHU "Insurance Payment") solely a charge for tle transfer of Surplus Cont-Fibu L 3 all%_ CL CIL L.13 13 It; ctl 1 11 Ll a credit risk and was determined in arm's length negotiations and is required to be paid to BAM as a condition to the issuance of the Policy; (v) BAM will, for federal income tax purposes, treat the Insurance Payment as solely in consideration for the insurance risk it assumes in the Policy and not as consideration for an investment in BAM or its assets; (vi) No portion of such Insurance Payment represents an indirect payment of costs of issuance, including rating agency fees, other than fees paid by BAM to maintain its rating, which, together with all other overhead expenses of BAM, are taken into account in the formulation of its rate structure, or for the provision of additional services by BAM, or represents a direct or indirect payment for any goods or services provided to the Issuer (including the right to receive a dividend), or the direct or indirect payment for a cost, risk or other element that is not customarily borne by insurers of tax-exempt bonds (in transactions in which the guarantor has no involvement other than as a guarantor); (vii) BAM is not providing any services in connection with the Bonds other than providing the Policy, and except for the Insurance Payment, BAM will not use any portion of the Bond proceeds; (viii) Except for payments under the Policy in the case of Nonpayment by the Issuer, there is no obligation to pay any amount of principal or interest on the Bonds by BAM; (ix) (a) BAM has not paid any dividends to date, (b) BAM's Board of Directors has resolved that BAM's priorities for surplus, as it accumulates, will be to preserve capital strength and claims paying resources for the benefit of its members and secondarily to return value by reducing premiums charged for its insurance, and (c) BAM has no current expectation that any dividends will be paid; (x) BAM does not expect that a claim or any other payment will be made on or with respect to the Policy or by BAM to the Issuer; and (xi) Neither the Issuer nor -any other Obligor is entitled to a refund of the Insurance Payment for the Policy in the event a Bond is retired before the final maturity date. BAM makes no representation as to the nature of the interest to be paid on the Bonds or the treatment of the Policy under Section 1.148-4(f) of the Income Tax Regulations. Dated: [CLOSING DATE] BUILD AMERICA MUTUAL ASSURANCE COMPANY Authorized Officer 0 INSURANCE CERTIFICATE GRANT COUNTY, WASHINGTON LIMITED TAX GENERAL OBLIGATION BONDS, 2025 - $63,3909000 (the "Bonds" or "Insured Bonds") I, Darryl Pheasant, the Treasurer of Grant County, Washington (the "County" or "Issuer"), DO HEREBY CERTIFY to and for the benefit of Build America Mutual Assurance Company ("BAM"), as issuer of a Municipal Bond Insurance Policy (the "Policy) with respect to the Bonds, as follows: 1. The Bonds; Continuing Disclosure Undertaking. The Bonds are being issued pursuant to Resolution No. 25-019-CC, adopted by the Board of County Commissioners (the "Commission") on March 11, 2025 (the "Bond Resolution"). Capitalized terms used in this certificate that are not otherwise defined have the meanings given such terms in the Bond Resolution. In connection with the issuance of the Bonds, the County has entered into an undertaking for disclosure pursuant to Securities and Exchange Commission Rule 15c2-12 (the "Continuing Disclosure Undertaking"). 2. Notice and Other Information to be Given to BAM. The County will provide BAM with all notices and other information it is obligated to provide under its Continuing Disclosure Undertaking and to the Registered Owners under the Bond Resolution, unless it has been made available to the public on the MSRB's Electronic Municipal Market Access system ("EMMA"), currently located at www.emma.msrb.org, or provided to BAM at the following address: Build America Mutual Assurance Company 200 Liberty Street, 27th Floor New York, NY 10281 Attention: Surveillance, Re: Policy No. 2025B0083 Telephone: (212) 235-2500 Telecopier: (212) 962-1710 Email: noticesgbuildamerica.com In each case in which notice or other communication refers to an event or default or a claim on the Policy, then a copy of such notice or other communication shall also be sent to the attention of the General Counsel at the same address and at claimsAbuildamerica.com or at Telecopier: (212) 962-1524 and shall be marked to indicate "URGENT MATERIAL ENCLOSED." 509314183.1 3. Defeasance. The investments in the defeasance escrow relating to the Bonds shall be limited to non -callable, direct obligations of the United States of America and securities fully and unconditionally guaranteed as to the timely payment of principal and interest by the United States of America, or as otherwise may be authorized under the laws of the State of Washington and approved by BAM. At least 3 (three) business days prior to any defeasance with respect to the Bonds, the County shall deliver to BAM draft copies of any escrow agreement, an opinion of bond counsel regarding the validity and enforceability of the escrow agreement and the defeasance of the Bonds, a verification report (a "Verification Report") prepared by a nationally recognized independent financial analyst or firm of certified public accountants regarding the sufficiency of the escrow fund. Such opinion and Verification Report shall be addressed to BAM and shall be in form and substance satisfactory to BAM. In addition, the escrow agreement shall provide that: (a) Any substitution of securities following the execution and delivery of the escrow agreement shall require the delivery of a Verification Report, an opinion of bond counsel that such substitution will not adversely affect the exclusion (if interest on the Bonds is excludable) from gross income of the holders of the Bonds of the interest on the Bonds for federal income tax purposes and the prior written consent of BAM, which consent will not be unreasonably withheld. (b) The County will not exercise any prior optional redemption of Bonds secured by the escrow agreement or any other redemption other than mandatory sinking redemption unless (i) the right to make any such mandatory redemption has been expressly reserved in the escrow agreement and such reservation has been disclosed in detail in the official statement for the refunding bonds, and (ii) as a condition to any such redemption there shall be provided to BAM a Verification Report as to the sufficiency of escrow receipts without reinvestment to meet the escrow requirements remaining following any such redemption. (c) The County shall not amend the escrow agreement or enter into a forward purchase agreement or other agreement with respect to rights in the escrow without the prior written consent of BAM. -2- 509314183.1 4. Paying Agent. At issuance, the registrar (and paying agent) of the bonds is the fiscal agent of the State of Washington. If the paying agent is not the fiscal agent of the State of Washington, the County shall provide BAM prior written notice of the appointment of a paying agent, any name change of the paying agent, or the resignation or removal of a paying agent. 5. Consent/Control of BAM. (a) BAM's prior written consent is required for all amendments and supplements to the Bond Resolution. The County shall send copies of any such amendments or supplements to BAM and the rating agencies which have assigned a rating to the Bonds. The County shall obtain BAM's prior written consent for all amendments and supplements to the Bond Resolution. (b) Any amendment, supplement, modification to, or waiver of, the Bond Resolution that requires the consent of holders of the Insured Bonds or adversely affects the rights or interests of BAM shall be subject to the prior written consent of BAM. (c) BAM as Owner. As provided in the Bond Resolution, upon the occurrence and continuance of a default or an event of default, BAM shall be deemed to be the sole owner of the Insured Bonds for all purposes and shall be entitled to control and direct the enforcement of all rights and remedies granted to the holders of the Bonds or the paying agent for the benefit of such owners under the Bond Resolution. The paying agent may not waive any default or event of default or accelerate the Bonds without BAM's written consent. (d) Grace Period for Payment Defaults. To the extent consistent with the Bond Resolution, no grace period shall be permitted for payment defaults on the Insured Bonds and no grace period for a covenant default shall exceed 30 days without the prior written consent of BAM. 6. If an Insurer Default shall occur and be continuing, then, notwithstanding anything in paragraphs 5a-c above to the contrary, (1) if at any time prior to or following an Insurer Default, BAM has made payment under the Policy, to the extent of such payment BAM shall be treated like any other holder of the Insured Bonds for all purposes, including giving of consents, and (2) if BAM has not made any payment under the Policy, BAM shall have no further consent rights until the particular Insurer Default is -3 - 509314183.1 no longer continuing or BAM makes a payment under the Policy, in which event, the foregoing clause (1) shall control. For purposes of this paragraph, "Insurer Default" means: (A) BAM has failed to make any payment under the Policy when due and owing in accordance with its terms; or (B) BAM shall (i) voluntarily commence any proceeding or file any petition seeking relief under the United States Bankruptcy Code or any other Federal, state or foreign bankruptcy, insolvency or similar law, (ii) consent to the institution of or fail to controvert in a timely and appropriate manner, any such proceeding or the filing of any such petition, (iii) apply for or consent to the appointment of a receiver, trustee, custodian, sequestrator or similar official for such party or for a substantial part of its property, (iv) file an answer admitting the material allegations of a petition filed against it in any such proceeding, (v) make a general assignment for the benefit of creditors, or (vi) take action for the purpose of effecting any of the foregoing; or (C) any state or federal agency or instrumentality shall order the suspension of payments on the Policy or shall obtain an order or grant approval for the rehabilitation, liquidation, conservation or dissolution of BAM (including without limitation under the New York Insurance Law). Payment Procedure Under the Policy. In the event that principal and/or interest due on the Insured Bonds shall be paid by BAM pursuant to the Policy, the Bonds shall remain outstanding for all purposes, not be defeased or otherwise satisfied and not be considered paid by the County, the assignment and pledge of the trust estate and all covenants, agreements and other obligations of the County to the registered owners shall continue to exist and shall run to the benefit of BAK and BAM shall be subrogated to the rights of such registered owners including, without limitation, any rights that such owners may have in respect of securities law violations arising from the offer and sale of the Bonds. Notwithstanding anything to the contrary, the County and the paying agent shall agree for the benefit of BAM that: i. They recognize that to the extent BAM makes payments directly or indirectly (e.g., by paying through the paying agent), on account of principal of or interest on the Bonds, BAM will be subrogated to the rights of such holders to receive the amount of such principal and interest from the County, with interest thereon, as provided and solely from the sources stated in the Bond Resolution; and in 509314183.1 ii. They will accordingly pay to BAM the amount of such principal and interest, with interest thereon, but only from the sources and in the manner provided in the Bond Resolution for the payment of principal of and interest on the Bonds to holders, and will otherwise treat BAM as the owner of such rights to the amount of such principal and interest. 7. Exercise of Rights_ by BAM. The rights granted to BAM hereunder to request, consent to or direct any action are rights granted to BAM in consideration of its issuance of the ]Policy. [SIGNATURE PAGE FOLLOWS] _5_ 509314183.1 [SIGNATURE PAGE TO CERTIFICATE] DATED as of this 14th day of May, 2025. GRANT COUNTY, WASHINGTON Darryl Pheasant County Treasurer -6- 509314183.1 FEDERAL, TAX CERTIFICATE I, the undersigned officer of Grant County, Washington (the "County"), make this certification for the benefit of all persons interested in the exclusion from gross income for federal income tax purposes of the interest to be paid on the County's Limited Tax General Obligation Bonds, 2025 (the "Bonds"), which are being issued in the aggregate principal amount of $63,390,000 and delivered simultaneously with the delivery of this certificate. In part pursuant to Section 1.148-2(b)(2) of the Regulations (defined below), I do hereby certify as follows in good faith on the date of issue of the Bonds: 1. Responsible Officer. I am the duly chosen, qualified and acting officer of the County for the office shown below my signature; as such, I am familiar with the facts herein certified and I am duly authorized to execute and deliver this certificate on behalf of the County. I am the officer of the County charged, along with other officers of the County, with responsibility for issuing the Bonds. 2. Code and Regulations. For purposes of this certificate, the "Code" means the Internal Revenue Code of 1986, as amended (the "Code"), and the "Regulations" means the Treasury Regulations promulgated thereunder. 3. Definitions. The capitalized terms used in this certificate (unless otherwise defined) that are defined in Resolution No. 25-019-CC, adopted on March 11, 2025, authorizing the issuance of the Bonds (the "Bond Resolution") shall for all purposes hereof have the meanings therein specified. All terms defined in the Code or Regulations shall for all purposes of this certificate have the same meanings as given to those terms in the Code and Regulations unless the context clearly requires otherwise. 4. Reasonable Expectations. The facts and estimates that are set forth in this certificate are accurate. The expectations that are set forth in this certificate are reasonable in light of such facts and estimates. There are no other facts or estimates that would materially change such expectations. The undersigned has to the extent necessary reviewed the certifications set forth herein with other representatives of the County as to such accuracy and reasonableness. The undersigned has also relied, to the extent appropriate, on representations set forth in the certificate of D.A. Davidson & Co. (the "Underwriter"), attached as Exhibit A to this certificate. The undersigned is aware of no fact, estimate or circumstance that would create any doubt regarding the accuracy or reasonableness of all. or any portion of such documents. 5. Description of Governmental Purpose. The County is issuing the Bonds pursuant to the Bond Resolution for the purposes of funding (a) the Projects (hereinafter defined) as described more fully in the Official Statement prepared in connection with the offering of the Bonds, and (b) the costs of issuance of the Bonds. The primary purpose of each transaction undertaken in connection with the issuance of the Bonds is a bona fide governmental purpose. The Projects are described as follows: finance the costs of capital improvements to the jail and the morgue of the County (the "Projects"). #509380858.1 6. Amount and Expenditure of Sale Proceeds of the Bonds. (a) Amount of Sale Proceeds. The sale proceeds from the issuance of the Bonds are $66,512,596.70, based on the amount set forth on Exhibit A hereto. Such amount represents the stated redemption price at maturity of the Bonds of $63,390,000.00, plus original issue premium of $3,122,596.70. No portion of the purchase price of any of the Bonds is provided by the issuance of any other obligations of the County or any other governmental entity. (b) Expenditure of Sale Proceeds. The sale proceeds of the Bonds will be expended as follows: (i) The amount of $307,441.50 will be allocated on the date of issuance of the Bonds to the payment of Underwriter's discount or compensation. (ii) The amount of $118,585.00 will be disbursed to pay other issuance costs of the Bonds. (iii) The amount of $66,002,521.62 will be deposited in the Project Funds and is expected to be disbursed to pay or reimburse the costs of acquisition and construction of the Projects. The aggregate amount of the costs of acquisition and construction of the Projects is anticipated to be not less than such amount. Any costs of the Projects not financed out of original or investment proceeds of the Bonds will be financed out of the County's available funds. (iv) The amount of $84,048.58 will be allocated on the date of issuance of the Bonds to the payment of the premium for a policy of bond insurance on the Bonds. (c) Reimbursement. Other than to the extent of preliminary expenditures (i.e., architectural, engineering, surveying, soil testing, Bond issuance, and similar costs that are incurred prior to commencement of acquisition, construction, or rehabilitation of the Projects, other than land acquisition, site preparation, and similar costs incident to commencement of construction) not in excess of 20% of the aggregate issue price of the Bonds, no portion of the amount described in paragraph 6(b) above will be disbursed to reimburse the County for any expenditures made by the County prior to the date that is 60 days before the earlier of the issue date or the date the County adopted a resolution (the "Declaration"), if any, describing the Projects, stating the maximum principal amount of obligations expected to be issued for the Projects, and stating the County's reasonable expectation on that date that it would reimburse expenditures for costs of the Projects with proceeds of an obligation. The Declaration, if any, is not an official intent to reimburse that was declared as a matter of course, or in an amount substantially in excess of the amount expected to be necessary for the Projects. The County has not engaged in a pattern of failure to reimburse original expenditures covered by declarations of official intent. Such reimbursed portion will be treated as spent for purposes of paragraphs 11 and 15 below on the date an allocation is made in writing that evidences the County's use of the proceeds for original expenditure (provided, however, that an allocation made within 30 days of the date of issue may be treated as made on the date of issue). -2- #509380858.1 (d) No WorkinCapital. Except for an amount that does not exceed 5 percent of the sale proceeds of the Bonds (and that is directly related to capital expenditures financed by the Bonds), the County will only expend proceeds of the Bonds for (i) costs that would be chargeable to the capital accounts of the Projects if the County's income were subject to federal income taxation, (ii) interest on the Bonds in an amount that does not exceed that amount of interest on the Bonds that is attributable to the period that commences on the date hereof and ends on the later of (A) the date that is three years from the issue date of the Bonds or (B) the date that is one year after the date on which the Projects are placed in service, and (iii) issuance costs of the Bonds. (e) No Sale of Conduit Loan. No portion of the sale proceeds of the Bonds has been or will be used to acquire, finance, or refinance any conduit loan to any party. (f) No Overissuance. The proceeds of the Bonds will not exceed by more than a minor portion (as defined in paragraph 13 below) the amount necessary to accomplish the governmental purposes of the Bonds and, in fact, are not expected to exceed by any amount the amount of proceeds allocated to expenditures for the governmental purposes of the Bonds. (g) Allocations and Accounting. The proceeds of the Bonds will be allocated to expenditures not later than 18 months after the later of the date the expenditure is made or the date the Projects are placed in service, but in no event later than the date that is 60 days after the fifth anniversary of the date hereof or the retirement of the last Bond, if earlier. The allocation of proceeds will be made by consistently employing the direct -tracing method of accounting. No proceeds of the Bonds will be allocated to any expenditure to which proceeds of any other obligations have heretofore been allocated. 7. Pre -Issuance Accrued Interest. The Bonds are dated as of the initial date of delivery to the Underwriter, and the County will receive no pre -issuance accrued interest on the Bonds. 8. Expenditure of Investment Proceeds. The best estimate of the County is that investment proceeds resulting from the investment of any proceeds of the Bonds pending expenditure of such proceeds for costs of the Projects will be retained in the Project Funds and disbursed to pay or reimburse Project costs in addition to those described in paragraph 6 above. 9. No Replacement Proceeds. Other than amounts in the Bond Fund, there are no amounts that have a sufficiently direct nexus to the Bonds or to the governmental purposes of the Bonds to conclude that the amounts would have been used for that governmental purpose if the proceeds of the Bonds were not used for that purpose. Specifically, (a) No Sinking Funds. Other than to the extent described in this certificate, there is no debt service fund, redemption fund, reserve fund, replacement fund, or similar fund reasonably expected to be used directly or indirectly to pay principal or interest on the Bonds. (b) No Pledged Funds. Other than amounts described in this certificate, there is no amount that is directly or indirectly pledged to pay principal or interest on the Bonds, or to a guarantor of part or all of the Bonds, such that such pledge provides reasonable assurance that such amount will be available to pay principal or interest on the Bonds if the County encounters financial difficulty. For purposes of this certification, an amount is treated as so pledged if it is -3- #509380858.1 held under an agreement to maintain the amount at a particular level for the direct or indirect benefit of the holders or the guarantor of the Bonds. (C) No Other Replacement Proceeds. There are no other replacement proceeds allocable to the Bonds because the County reasonably expects that the term of the Bonds will not be longer than is reasonably necessary for the governmental purposes of the Bonds. Furthermore, if the term of the Bonds is longer than is reasonably necessary for the governmental purposes of the Bond, the County does not reasonably expect to have available amounts during the portion of such period that is longer than is reasonably necessary. The County reasonably expects that the Bonds would be issued to achieve the governmental purpose of the Bonds independent of any arbitrage benefit. The Bonds would have been issued if the interest on the Bonds were included in gross income (assuming that the hypothetical taxable interest rate would be the same as the actual tax-exempt interest rate). (d) Weighted Average Economic Life. The weighted average maturity of the Bonds, which has been computed by the Financial Advisor, will not be greater than 120 percent of the weighted average estimated economic life of the portion of the Projects financed, determined in accordance with section 147(b) of the Code. Such weighted average estimated economic life is determined in accordance with the following assumptions: (a) The weighted average was determined by taking into account the respective cost of each of the assets financed by the Bonds; (b) the reasonably expected economic life of an asset was determined as of the later of the date hereof or the date on which such asset is expected to be placed in service (i.e., available for use for the intended purposes of such asset); (c) the economic lives used in making this determination are not greater than the useful lives used for depreciation under section 167 of the Code prior to the enactment of the current system of depreciation in effect under section 168 of the Code (i.e., the "mid -point lives") under the asset depreciation range ("ADR") system of section 167(m) of the Code, as set forth in Revenue Procedure 83-35, 1983-1 C.B. 745, where applicable, and the "guideline lives" under Revenue Procedure 62-21, 1962-2 C.B. 418, in the case of structures; and (d) land or any interest therein has not been taken into account in determining the average reasonably expected economic life of such Projects, unless 25 percent or more of the net proceeds of the Bonds is to be used to finance land. 10. Yield on the Bonds. For the purposes of this certificate, the yield on the Bonds is the discount rate that, when used in computing the present value as of the issue date of the Bonds, of all unconditionally payable payments of principal, interest and fees for qualified guarantees on the Bonds, produces an amount equal to the present value, using the same discount rate, of the aggregate issue price of the Bonds as of the issue date. For purposes of determining the yield on the Bonds, the issue price of the Bonds is the sum of the issue prices for each group of substantially identical Bonds. For each group of substantially identical Bonds, the issue price is the first price at which a substantial amount (i.e., ten percent) is sold to the Public (as defined in Exhibit A hereto). The issue price is based upon the representations of the Underwriter set forth in Exhibit A hereto. No Underwriter's discount, issuance costs, or costs of carrying or repaying the Bonds is taken into account for purposes of computing the yield on the Bonds, except the cost of the bond insurance premium. As set forth in paragraph 6(b)(iv) above, proceeds of the Bonds will be allocated on the date of issuance of the Bonds to the payment to Build America Mutual Assurance Company (the -4- #509380858.1 "Insurer") for municipal bond insurance for the Bonds. The bond insurance premium paid to the Insurer is qualified guarantee fee because: (a) As of the date hereof, the present value of the bond insurance premium paid to the Insurer will be less than the present value of the expected interest savings on the Bonds as a result of the guarantee, computed using the yield on the Bonds (determined with regard to such guarantee payments) as the discount rate; (b) The guarantee creates a guarantee in substance because it imposes a secondary liability on the Insurer that unconditionally (except for reasonable procedural or administrative requirements) shifts substantially all of the credit risk for all or part of the payments on the Bonds; (c) The Insurer is not a co -obligor and does not expect to make any payments other than payments for which the Insurer will be reimbursed immediately; (d) The Insurer and any related parties will not use more than ten percent of the gross proceeds of the Bonds that are guaranteed by the Insurer; (e) The bond insurance premium paid or to be paid to the Insurer does not exceed a reasonable arm's length charge for the transfer of credit risk; (f) The bond insurance premium paid or to be paid to the Insurer does not include any payment for any direct or indirect services other than the transfer of credit risk (including fees for the Insurer's overhead and other costs relating to the transfer of credit risk); (g) The bond insurance premium paid or to be paid to the Insurer does not include any payments for the costs of underwriting or remarketing the Bonds or for the cost of casualty insurance to the County's property; and (h) No portion of the bond insurance premium paid or to be paid to the Insurer are refundable upon redemption of the Bonds before the final maturity date in an amount that would exceed the portion of such bond insurance premium that had not been earned. The County will use the "general rule" under Section 1.148-1(f)(2)(i) of the Regulations for determining the issue price of the Bonds. Based upon the representations of the Underwriter set forth in Exhibit A hereto, the issue price of the Bonds is $66,512,596.70. The yield with respect to that portion of the Bonds subject to optional redemption that are issued at an issue price that exceeds the stated redemption price at maturity by more than one- fourth of one percent multiplied by the product of the stated redemption price at maturity and the number of complete years to the first optional redemption date for such Bonds is computed by treating such Bonds as redeemed at their stated redemption price on the optional redemption date that produces the lowest yield on such Bonds. The yield with respect to the remaining portion of the Bonds subject to optional redemption is computed by treating such Bonds as retired at the stated redemption price at the final maturity -5- #509380858.1 date because (a) the County has no present intention to redeem prior to maturity the Bonds that are subject to optional redemption; (b) no Bond is subject to optional redemption at any time for a price less than the retirement price at final maturity plus accrued interest; (c) no Bond is subject to optional redemption within five years of the issue date of the Bonds; (d) no Bond subject to optional redemption is issued at an issue price that exceeds the stated redemption price at maturity of such Bond by more than one-fourth of one percent multiplied by the product of the state redemption price at maturity of such Bond and the number of complete years to the first optional redemption date for such Bond; and (e) no Bond subject to optional redemption bears interest at a rate that increases during the term of the Bond. In the case of that portion of the Bonds subject to mandatory redemption, the yield on the Bonds is calculated by treating the outstanding stated principal amounts payable on the mandatory redemption dates as payments on such dates because the stated redemption price at maturity of such Bonds does not exceed the issue price of such Bonds by more than one-fourth of one percent multiplied by the product of the stated redemption price at maturity and the number of years to the date of the weighted average maturity (determined by taking into account the mandatory redemption schedule) of such Bonds. The yield on the Bonds calculated in this manner is 4.646513 percent. 11. Temporary Periods and Yield Restriction. The County has incurred or will incur within six months of the date hereof a binding obligation to a third party which is not subject to any contingencies within the control of the County or a related party pursuant to which the County is obligated to expend at least five percent of the sale proceeds of the Bonds on the Projects. The County reasonably expects that work on or acquisition of the Projects will proceed with due diligence to completion and that the proceeds of the Bonds will be expended on the Projects with reasonable dispatch. The County reasonably expects that 85 percent of the sale proceeds of the Bonds will have been expended on the Projects prior to the date that is three years after the issue date. Accordingly, the County may invest the sale proceeds of the Bonds at an unrestricted yield for a three year temporary period. Any sale proceeds not expended prior to the date that is three years after the issue date, will be invested at a yield not "materially higher" than the yield on the Bonds, except as set forth in paragraph 13 below. The County reasonably expects that any amount derived from the investment of sale proceeds of the Bonds and from the investment of such investment income will not be commingled with substantial other receipts or revenues of the County and will be expended prior to the date that is three years after the issue date, or one year after receipt of such investment income, whichever is later. Accordingly, the County may invest such investment proceeds at an unrestricted yield. Any such investment proceeds not expended prior to such date will be invested at a yield not "materially higher" than the yield on the Bonds, except as set forth in paragraph 13 below. For purposes of this certificate, "materially higher" shall have the meaning set forth in section 1.148-2(d)(2) of the Regulations. 12. Bond Fund. Pursuant to the Bond Resolution, the County has confirmed the debt service fund designated the "Grant County Limited Tax General Obligation Bond Fund, 2025" (the "Bond Fund") which will be used primarily to achieve a proper matching of taxes levied, assessed and collected for and on account of the Bonds and debt service on the Bonds, within each Bond Year. The taxes levied, assessed and collected for and on account of the Bonds are anticipated to be sufficient to pay debt service each year on the Bonds. The Bond Fund will be -6- #509380858.1 depleted at least once each year except for a reasonable carryover amount not to exceed the greater of (a) one year's earnings on the Bond Fund or (b) one -twelfth of annual debt service. The County reasonably expects that any such revenues deposited in the Bond Fund will be disbursed within 13 months of the date of receipt of such revenues by the County. Amounts on deposit in the Bond Fund may be invested for an allowable temporary period of 13 months from the date such amounts are deposited into the Bond Fund. Any such amounts not expended within such period will be invested at a yield not "materially higher" than the yield on the Bonds, except as set forth in paragraph 13 below. 13. Minor Portion. All gross proceeds will be invested in accordance with paragraphs 11 and 12 above. To the extent such amounts remain on hand following the periods set forth in paragraphs 11 and 12 above or exceed the limits set forth in paragraph 12 above, the County will invest such amounts at a restricted yield as set forth in such paragraphs; provided, however, that a portion of such amounts, not to exceed in the aggregate the lesser of $100,000 or five percent of the sale proceeds of the Bonds (the "Minor Portion"), may be invested at a yield which is higher than the yield on the Bonds. 14. Issue. There are no other obligations that (a) have been or will be sold within 15 days of the Bonds, (b) are sold pursuant to the same plan of financing with the Bonds, and (c) will be paid out of substantially the same source of funds as the Bonds. 15. Compliance With Rebate Requirements. The County has covenanted in the Bond Resolution that it will take all necessary steps to comply with the requirement that rebatable arbitrage earnings on the investment of the gross proceeds of the Bonds, if any, within the meaning of section 148(o of the Code be rebated to the federal government. Specifically, the County will (a) maintain records regarding the investment of the gross proceeds of the Bonds as may be required to calculate such rebatable arbitrage earnings separately from records of amounts on deposit in the funds and accounts of the County which are allocable to other bond issues of the County or moneys which do not represent gross proceeds of any bonds of the County, (b) calculate at such intervals as may be required by applicable Regulations, the amount of rebatable arbitrage g earnings, if any, earned from the investment of the gross proceeds of the Bonds and (c) pay, not less often than 60 days after every fifth anniversary date of the delivery of the Bonds and within 60 days following the final maturity of the Bonds, or on such other dates required or permitted by applicable Regulations, all amounts required to be rebated to the federal government. Further, the County will not indirectly pay any amount otherwise payable to the federal government pursuant to the foregoing requirements to any person other than the federal government by entering into any investment arrangement with respect to the gross proceeds of the Bonds that might result in a reduction in the amount required to be paid to the federal government because such arrangement results in a smaller profit or a larger loss than would have resulted if the arrangement had been at arms -length and had the yield on the issue not been relevant to either party. 16. Not an Abusive Transaction. (a) General. No action taken in connection with the issuance of the Bonds will enable the County to (i) exploit, other than during an allowable temporary period, the difference between tax-exempt and taxable interest rates to obtain a material financial advantage (including as a result of an investment of any portion of the gross proceeds of the Bonds over any -7- #509380858.1 period of time, notwithstanding that, in the aggregate, the gross proceeds of the Bonds are not invested in higher yielding investments over the term of the Bonds), and (ii) issue more bonds, issue bonds earlier, or allow bonds to remain outstanding longer than is otherwise reasonably necessary to accomplish the governmental purposes of the Bonds. To the best of our knowledge, no actions have been taken in connection with the issuance of the Bonds other than actions that would have been taken to accomplish the governmental purposes of the Bonds if the interest on the Bonds were not excludable from gross income for federal income tax purposes (assuming the hypothetical taxable interest rate would be the same as the actual tax-exempt interest rate on the Bonds). (b) No Sinking Fund. No portion of the Bonds has a term that has been lengthened primarily for the purpose of creating a sinking fund or similar fund with respect to the Bonds. 17. No Arbitrage. On the basis of the foregoing facts, estimates and circumstances, it is expected that the gross proceeds of the Bonds will not be used in a manner that would cause any of the Bonds to be an "arbitrage bond" within the meaning of section 148 of the Code and the Regulations. To the best of the knowledge and belief of the undersigned, there are no other facts, estimates or circumstances that would materially change such expectations. 18. No Private Use, Payments or Loan Financing. (a) General. The County reasonably expects, as of the date hereof, that no action or event during the entire stated term of the Bonds will cause either the "private business use test," the "private security or payment test" or the "private loan financing test," as such terms are defined in the Regulations, to be met. Specifically, (i) Not more than 10 percent of the proceeds of the Bonds will be used in a trade or business of a nongovernmental person. For purposes of determining use, the County will apply rules set forth in applicable Regulations and Revenue Procedures promulgated by the Internal Revenue Service, including, among others, the following rules (A) any activity carried on by a person other than a natural person or a state or local governmental unit will be treated as a trade or business of a nongovernmental person; (B) the use of all or any portion of the Projects is treated as the direct use of proceeds; (C) a nongovernmental person will be treated as a private business user of proceeds of the Bonds as a result of ownership, actual or beneficial use pursuant to a lease, or a management or incentive payment contract, or certain other arrangements such as a take -or -pay or other output -type contract; and (D) a nongovernmental person will be treated as a private business user of the proceeds of the Bonds if the person has special legal entitlements to use directly or indirectly the Projects. The County and each developer that may use any portion of the Projects during an initial development period reasonably expect on the date hereof to proceed with all reasonable speed to develop each portion of the Projects and the property benefited by that portion of the Projects and to transfer each such portion of the Projects to a governmental person. Each such portion of the Projects will in fact be transferred to a governmental person promptly after the property benefited by each such portion of the Projects is developed. -g- #509380858.1 (ii) The County has not taken and will not take any deliberate action that would cause or permit the use of any portion of the Projects to change such that such portion will be deemed to be used in the trade or business of a nongovernmental person for so long as any of the Bonds remains outstanding (or until an opinion of nationally recognized bond counsel is received to the effect that such change in use will not adversely affect the excludability from gross income for federal income tax purposes of interest payable on the Bonds). For this purpose, any action within the control of the County is treated as a deliberate action. A deliberate action occurs on the date the County enters into a binding contract with a nongovernmental person for use of the Projects that is not subject to any material contingencies. (iii) All payments of the debt service on the Bonds will be paid from and secured by a generally applicable tax. For this purpose, a generally applicable tax is a tax (A) that is an enforced contribution exacted pursuant to legislative authority in the exercise of the taxing power that is imposed and collected for the purpose of raising revenue to be used for governmental purposes and (B) that has a uniform tax rate that is applied to all persons of the same classification in the appropriate jurisdiction using a generally applicable manner of determination and collection. No portion of the payment of the debt service on the Bonds will be directly or indirectly derived from payments (whether or not to the County or any related party) in respect of property, or borrowed money, used or to be used for a private business use. Furthermore, no portion of the payment of the debt service on the Bonds will be directly or indirectly secured by any interest in property used or to be used for a private business use or payments in respect of property used or to be used for a private business use. (iv) No portion of the proceeds of the Bonds will be directly or indirectly used to make or finance a loan to any person other than a state or local governmental unit. (b) Dispositions of Personal Property in the Ordinary Course. The County does not reasonably expect that it will sell or otherwise dispose of personal property components of the Projects financed with the Bonds other than in the ordinary course of an established governmental program that satisfies the following requirements: (i) The weighted average maturity of the portion of the Bonds financing personal property is not greater than 120 percent of the reasonably expected actual use of such personal property for governmental purposes; (ii) The reasonably expected fair market value of such personal property on the date of disposition will be not greater than 25 percent of its cost; (iii) Such personal property will no longer be suitable for its governmental purposes on the date of disposition; and (iv) The County is required to deposit amounts received from such disposition in a commingled fund with substantial tax or other governmental revenues and the County reasonably expects to spend such amounts on governmental programs within 6 months from the date of commingling. -9- #509380858.1 Furthermore, the County will not sell or otherwise dispose of all or any portion of the Projects in circumstances in which the foregoing requirements are not satisfied unless it has received an opinion of nationally recognized bond counsel to the effect that such disposition will not adversely affect the treatment of interest on the Bonds as excludable from gross income for federal income tax purposes. (c) Other Agreements. The County will not enter into any agreement with any nongovernmental person regarding the use of all or any portion of the Projects during the stated term of the Bonds unless such agreement will not adversely affect the treatment of interest on the Bonds as excludable from gross income for federal income tax purposes. 19. Weighted Average Maturity. The weighted average maturity of the Bonds set forth on Exhibit A attached to this certificate is the sum of the products of the issue price of each group of identical Bonds and the number of years to maturity (determined separately for each group of identical Bonds and taking into account mandatory redemptions), divided by the aggregate sale proceeds of the Bonds. 20. Federal Guarantee Prohibition. The Bonds are not "federally guaranteed" and the County will not cause or allow the Bonds to become "federally guaranteed." Unless otherwise excepted under section 149(b) of the Code, the Bonds will be considered federally guaranteed if: (a) The payment of principal or interest with respect to the Bonds is guaranteed (in whole or in part) by the United States (or any agency or instrumentality thereof); (b) 5 percent or more of the proceeds of the Bonds are to be: (i) used in making loans the payment of principal or interest with respect to which are to be guaranteed (in whole or in part) by the United States (or any agency or instrumentality thereof), or (ii) invested (directly or indirectly) in federally insured deposits or accounts; or (e) The payment of principal or interest on the Bonds is otherwise indirectly guaranteed (in whole or in part) by the United States (or an agency or instrumentality thereof). The federal guarantee prohibition shall not apply to (i) proceeds of the issue invested for an initial temporary period until such proceeds are needed for the purpose for which such issue was issued, (ii) investments of a bona fide debt service fund, (iii) investments of a reasonably required reserve fund, (iv) investments in bonds issued by the United States Treasury, or (v) other investments permitted under Regulations. 21. Bonds are not Hedge Bonds. The Bonds are not hedge bonds because not more than 50 percent of the proceeds of the Bonds will be invested in nonpurpose investments (as defined in section 148(fl(6)(A) of the Code) having a substantially guaranteed yield for four years or more within the meaning of section 149(g)(3)(A)(ii) of the Code. Further, the County reasonably expects that at least 85 percent of the spendable proceeds of the Bonds will be used to -10- #509380858.1 EXECUTION PAGE FOLLOWS -11- #509380858.1 SIGNATURE PAGE TO FEDERAL TAX CERTIFICATE GRANT COUNTY, WASHINGTON By: C Name: Darryl Pheasant Title: Treasurer Date: May 14, 2025 -12- #509380858.1 SIGNATURE PAGE TO FEDERAL TAX CERTIFICATE GRANT COUNTY, WASHINGTON By: I,- &11�, me: Darryl Pheasant Title: Treasurer Date: May 14, 2025 -12- #509380858.1 EXHIBIT A ISSUE PRICE CERTIFICATE $6393909000 GRANT COUNTY, WASHINGTON LIMITED TAX. GENERAL OBLIGATION BONDS, 2025 The undersigned, on behalf of D.A. Davidson & Co. ("Davidson") hereby certifies as set forth below with respect to the sale and issuance of the above -captioned obligations (the "Bonds"). 1. Sale of the General .Rule Maturities. As of the date of this certificate, for each Maturity of the General Rule Maturities, the first price at which at least 10% of such Maturity was sold to the ]Public is the respective price listed in Schedule A. 2. Defined Terms. (a) General Rule Maturities means those Maturities of the Bonds listed in Schedule A hereto as the "General Rule Maturities." (b) Issuer means Grant County, Washington. (c) Maturity means Bonds with the same credit and payment terms. Bonds with different maturity dates, or Bonds with the same maturity date but different stated interest rates, are treated as separate maturities. (d) Public means any person (including an individual, trust, estate, partnership, association, company, or corporation) other than an Underwriter or a related party to an Underwriter, as defined in subsection (f) below. The term "related party" for purposes of this certificate generally means any two or more persons who have greater than 50 percent common ownership, directly or indirectly. (e) Sale Date means the first day on which there is a binding contract in writing for the sale of a Maturity of the Bonds. The Sale Date of the Bonds is August 17, 2025. (fl Underwriter means (i) any person that agrees pursuant to a written contract with the Issuer (or with the lead underwriter to form an underwriting syndicate) to participate in the initial sale of the Bonds to the Public, and (ii) any person that agrees pursuant to a written contract directly or indirectly with a person described in clause (i) of this paragraph to participate in the initial sale of the Bonds to the Public (including a member of a selling group or a party to a retail distribution agreement participating in the initial sale of the Bonds to the Public). 3. Pacing Certification. The Underwriter confirms that the arbitrage yield of the Bonds is 4.646513 % and that the weighted average maturity of the Bonds is 22.3699 years. A-1 #509380858.1 The representations set forth in this certificate are limited to factual matters only. Nothing in this certificate represents Davidson's interpretation of any laws, including specifically Sections 103 and 148 of the Internal Revenue Code of 1986, as amended, and the Treasury Regulations thereunder. The undersigned understands that the foregoing information will be relied upon by the Issuer with respect to certain of the representations set forth in the Federal Tax Certificate and with respect to compliance with the federal income tax rules affecting the Bonds, and by K&L Gates LLP in connection with rendering its opinion that the interest on the Bonds is excluded from gross income for federal income tax purposes, the preparation of the Internal Revenue Service Form 803 8-G, and other federal income tax advice that it may give to the Issuer from time to time relating to the Bonds. D.A. Davidson & Co. I: Name: Jim Nelson Title: Managing Director Dated: May 14, 2025 A-2 #509380858.1 SCHEDULE A SALE PRICES OF THE GENERAL RULE MATURITIES $6393909000 GRANT COUNTY, WASHINGTON LIMITED TAX GENERAL OBLIGATION BONDS, 2025 Sales Price of General Maturity Principal Rule Maturities (10% (Dec. 1) Amount sold to Public)' 2025 $510)000 100.939% 2026 41000 102.542 2027 43000 104.119 2028 65000 105.370 2029 152105000 106.643 2030 1,265,000 107.867 2031 15330,000 108.829 2032 L39500 109.178 2033 L6959000 109.680 2034 L55000 109.364 2035 L63000 108.8622 2036 1,045M00 107.7042 2037 1509500 106.9672 2038 1915000 106.479 2039 1,210)000 105.9132 2040 1,270,000 105.0322 20453 7539500 104.3452 20503 %5505000 103.0252 20553 12,395,000 104.7612 20603 16,20500 103.7562 Represents a percentage of the principal (or par) amount of the maturities of the Bonds. Priced to the call date of December 1, 2034 (3) Term Bond #509380858.1 SCHEDULED PRICING 'WIRE #509380858.1 Form 8038=G (Rev. October 2021) Department of the Treasury Internal Revenue Service Information Return for Tax -Exempt Governmental Bonds ► Under Internal Revenue Code section 149(e) ► See separate instructions. OMB No. 1545-0047 Caution: If the issue price is under $100, 000, use Form 8038-GC. ► Go to www.irs.gov/F8038G for instructions and the latest information. • Reportinq Authority Check box if Amended RQturn ► n 1 Issuer's name 2 Issuer's employer identification number (EIN) Grant County, Washington 91-6001319 3a Name of person (other than issuer) with whom the IRS may communicate about this return (see instructions) 3b Telephone number of other person shown on 3a 4 Number and street (or P.O. box if mail is not delivered to street address) Room/suite 5 Report number (For IRS Use Only) P.O. Box 37 3 6 City, town, or post office, state, and ZIP code 7 Date of issue Ephrata, Washington 98823 05/14/2025 8 Name of issue 9 CUSIP number Limited Tax General Obligation Bonds, 2025 387802FN6 10a Name and title of officer or other employee of the issuer whom the IRS may call for more information 10b Telephone number of officer or other employee shown on 10a Darri Pheasant, Treasurer 509 754-2011 iLAM i ype of issue tinter the Issue price.] See the instructions and attach schedule. 11 Education . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Health and hospital . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Transportation . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 Public safety . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Environment (including sewage bonds) . . . . . . . . . . . . . . . . . . . 16 Housing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 Utilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Other. Describe ► Capital improvements to the jail and the morgue of the County 19a If bonds are TANs or RANs, check only box 19a . . . . . . . . . . . . . . . ► ❑ b If bonds are BANs, check only box 19b . . . . . . . . . . . . . . . . . . ► ❑ 20 If bonds are in the form of a lease or installment sale, check box . . . . . . . . . ► ❑ 11 12 13 14 15 16 17 13 66,512,596.70 ' . Description of Bonds. Complete for the entire issue for which this form is being filed. (a) Final maturity date (b) Issue price (c) Stated redemption (d) Weighted (e) Yield price at maturity average maturity 21 1 12/01/2060 1 $ 66,512,596.70 $ 63,390,000.001 22.3699 years 4.6465 % ' . Uses of Proceeds of Bond Issue (including underwriters' discount) 22 Proceeds used for accrued interest . . . . . . . . . . . . . . . . . . . . . 22 0 23 66,512,596.70 23 Issue price of entire issue (enter amount from line 21, column (b)) . . . . . . . . . . . 24 Proceeds used for bond issuance costs (including underwriters' discount) 24 426,026.50 25 Proceeds used for credit enhancement . . . . . . . . . . . . 25 84,048.58 26 Proceeds allocated to reasonably required reserve or replacement fund 26 0 27 Proceeds used to refund prior tax-exempt bonds. Complete Part V . . . 27 0 23 Proceeds used to refund prior taxable bonds. Complete Part V . 23 0 29 Total (add lines 24 through 28) . . . . . . . . . . . . . . . . . . . . . . . 29 510,075.08 30 66,002,521.62 30 Nonrefunding proceeds of the issue (subtract line 29 from line 23 and enter amount here) . . Description of Refunded Bonds. Complete this part only for refunding bonds. 31 Enter the remaining weighted average maturity of the tax-exempt bonds to be refunded . . . ► N/A years 32 Enter the remaining weighted average maturity of the taxable bonds to be refunded ► N/A years 33 Enter the last date on which the refunded tax-exempt bonds will be called (MM/DD/YYYY) ► N/A 34 Enter the date(s) the refunded bonds were issued ► (MM/DD/YYYY) N/A For Paperwork Reduction Act Notice, see separate instructions. Cat. No. 63773S Form 8038-G (Rev. 10-2021) Form 8038-G (Rev. 10-2021) Page 2 Wn Miscellaneous 35 Enter the amount of the state volume cap allocated to the issue under section 141(b)(5) . . . . 35 0 36a Enter the amount of gross proceeds invested or to be invested in a guaranteed investment contract (GIC). See instructions . . . . . . . . . . . . . . . . . . . . . . . . . 36a 0 b Enter the final maturity date of the GIC ► (MM/DD/YYYY) c Enter the name of the GIC provider ► 37 Pooled financings: Enter the amount of the proceeds of this issue that are to be used to make loans to other governmental units . . . . . . . . . . . . . . . . . . . . . . . . 37 0 38a If this issue is a loan made from the proceeds of another tax-exempt issue, check box ► ❑ and enter the following information: b Enter the date of the master pool bond ► (MM/DD/YYYY) c Enter the EIN of the issuer of the master pool bond ► d Enter the name of the issuer of the master pool bond ► 39 If the issuer has designated the issue under section 265(b)(3)(13)(i)(III) (small issuer exception), check box . . . . ► ❑ 40 If the issuer has elected to pay a penalty in lieu of arbitrage rebate, check box . . . . . . . . . . . . . ► ❑ 41 a If the issuer has identified a hedge, check here ► ❑ and enter the following information: b Name of hedge provider ► c Type of hedge ► d Term of hedge ► 42 If the issuer has superintegrated the hedge, check box . . . . . . . . . . . . . . . . . . . . . ► ❑ 43 If the issuer has established written procedures to ensure that all nonqualified bonds of this issue are remediated according to the requirements under the Code and Regulations (see instructions), check box . . . . . . . . ► 0 44 If the issuer has established written procedures to monitor the requirements of section 148, check box . . ► 0 45a if some portion of the proceeds was used to reimburse expenditures, check here ► ❑ and enter the amount of reimbursement . . . . . . . . . . . . . . ► b Enter the date the official intent was adopted ► (MM/DD/YYYY) Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge Signature and belief, they are true, correct, and complete. I further declare that I consent to the IRS's disclosure of the issuer's return information, as necessary to process this return, to e pers at I have authorized above. and Consent 5 �� Darryl Pheasant, Treasurer Sid ature of issuer's authorized representative Date Type or print name and title Paid Print/Type preparer's name Preparer's signature Date Check ❑ if PTIN Preparer Robert Starin self-employed P014$5649 Firm's name 0-K&L Gates LLP Firm's EIN 0-250921018 Use OnlyFirm's address ► 925 Fourth Avenue, Suite #2900, Seattle, WA 98104-1158 Phone no. 206-623-7580 Form 8038-G (Rev. 10-2021)