Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Facility Acquisition topic
No spam. Unsubscribe anytime.
Whitman County votes to seek financing to buy 620 N Mill Street in Colfax
Summary
The Board approved a resolution declaring the County's intent to obtain financing to purchase the facility at 620 N Mill Street and to retain Government Capital Corporation to propose financing options, pending an independent review by the County Treasurer.
The Whitman County Board of Commissioners on July 20 approved a resolution declaring the county's intent to obtain financing to acquire the facility located at 620 N Mill Street in Colfax. The resolution authorizes County officials to retain Government Capital Corporation as a lender to propose one or more financing options for the acquisition, subject to an independent financing review by the Whitman County Treasurer.
Commissioner Chad Whetzel moved to approve the resolution; Commissioner Tom Handy seconded and the motion carried. The action does not itself finalize financing or close a purchase — it signals the county's intent and initiates lender engagement and review. The resolution directs the Treasurer to perform an independent review before any financing commitment is executed.
The item was discussed during the board's business session following the workshop. No dollar amount or specific financing term was included in the resolution recorded in the minutes; those details will be determined during the Treasurer's review and subsequent lender proposals. The county noted the acquisition in the context of broader facility and EC Building planning discussed earlier in the workshop.
