[sheet: Cover & Summary]
Field | Value
Matter Name | Cascadia State Infrastructure Authority — Regional Flood Resilience and Stormwater Management Program — Lower Nooksack Pump Station Network
C&H Matter Number | 1030-00003
CSIA Capital Project Number | CP-2025-NPS-004
Client | Cascadia State Infrastructure Authority (CSIA)
Client Address | 1100 Jefferson Avenue SE, Suite 400, Olympia, WA 98501
Client General Counsel | Priya Shankar-Wells
Client Project Manager | Teresa Villanueva
Client Director of Capital Programs | Connor Oakes
Client Executive Director | Martin R. Calloway
Outside Counsel | Calderwood & Harkness LLP, 999 Second Avenue, Suite 4200, Seattle, WA 98104
Responsible Partner | Angela Fontaine
Billing Partner | Douglas Fairchild
Lead Associate | Grace Nakamura
Working Associate | Rafael Dominguez
Landowner Counsel (Veldkamp) | Bridger Hollis & Pratt LLP — Nadia Sorensen (Partner), Tyler Fong (Associate), 300 Prospect Street, Suite 600, Bellingham, WA 98225
Landowner Counsel (Dunlap Creek) | Self-represented; Bridger Hollis & Pratt LLP consulted informally
Title Company | Cascade Basin Title Company — Diane Ashworth, Title Officer, 119 East Magnolia Street, Bellingham, WA 98225
Surveyor | Ironclad Surveying & Land Services LLC — Karen Whitfield, PLS, 4850 Cordata Parkway, Suite 110, Bellingham, WA 98226
Appraiser | Northwind Valuation Group LLC — Jocelyn Trueblood, MAI, 505 Lakeway Drive, Suite 220, Bellingham, WA 98229
Appraisal Date | March 14, 2025
Total Project Value | $48,000,000
Funding — State Capital Appropriation (SB 5140) | $31,200,000 (65%)
Funding — CSIA Series 2025A Revenue Bonds (Underwriter: Harborstone Capital Markets LLC) | $16,800,000 (35%)
Total Permanent Easement Compensation | $930,000
Total Temporary Easement Compensation | $94,000
Combined Easement Compensation Budget | $1,024,000
Target Date — All Easements Executed | August 15, 2025
Target Date — Construction NTP | December 15, 2025
Governing Law | State of Washington
Recording Jurisdiction | Whatcom County Auditor
Prepared By | Grace Nakamura / Rafael Dominguez, Calderwood & Harkness LLP
Date Prepared | April 2025
[sheet: Easement Transactions]
Transaction ID | Easement Description | Grantor | Grantor Contact / Signatory | Grantor Counsel | Grantee | Parcel Number(s) | Site / Location | Easement Type | Easement Area (acres) | Appraised Compensation | Offer Letter Date | Offer Letter Expiration | Target Execution Date | Execution Status | Recording Status | Notes
E-01 | Permanent Easement — PS-1 and PS-2 (Pump Station + Access) | Veldkamp Family Holdings LLC | Hendrik "Hank" Veldkamp, Managing Member | Bridger Hollis & Pratt LLP (Nadia Sorensen / Tyler Fong) | Cascadia State Infrastructure Authority | 380219-401200 (PS-1); 380219-401201 (PS-2) | PS-1: River Road at Slater Road intersection; PS-2: River Road, 0.6 mi north of Ten Mile Road | Permanent | 4.1 | $615,000 | 2025-04-21 | 2025-05-21 | 2025-08-15 | Pending | Pending | PS-1: 2.3 ac / $345,000; PS-2: 1.8 ac / $270,000. Combined in single agreement.
E-02 | Temporary Construction Easement — Veldkamp Parcels (PS-1, PS-2, pipeline staging) | Veldkamp Family Holdings LLC | Hendrik "Hank" Veldkamp, Managing Member | Bridger Hollis & Pratt LLP (Nadia Sorensen / Tyler Fong) | Cascadia State Infrastructure Authority | 380219-401200; 380219-401201; 380219-401203 | Veldkamp agricultural land along River Road | Temporary (expires upon construction completion or 24 months) | 3.1 | $62,000 | 2025-04-21 | 2025-05-21 | 2025-08-15 | Pending | Pending | Construction staging, laydown, access. Crop damage compensation provisions included.
E-03 | Permanent Easement — PS-3 (Pump Station + Access) | Dunlap Creek Ranch Inc. | Garrett Dunlap, President & Sole Director | Self-represented (BHP consulted informally) | Cascadia State Infrastructure Authority | 380220-108400 | Hannegan Road at Nooksack River crossing | Permanent | 2.1 | $315,000 | 2025-04-21 | 2025-05-21 | 2025-08-15 | Pending | Pending | Dairy farming reservation outside easement area.
E-04 | Permanent Easement — Force-Main Pipeline Corridor | Dunlap Creek Ranch Inc. | Garrett Dunlap, President & Sole Director | Self-represented (BHP consulted informally) | Cascadia State Infrastructure Authority | 380220-108401 | Pipeline corridor crossing Dunlap Creek Ranch along Hannegan Road | Permanent | TBD (linear-foot basis) | TBD (per Northwind linear-foot valuation) | 2025-04-21 | 2025-05-21 | 2025-08-15 | Pending | Pending | 24-inch and 36-inch HDPE force-main pipeline. Compensation to be determined based on Northwind linear-foot valuation. Depth-of-cover and surface restoration obligations included.
E-05 | Temporary Construction Easement — Dunlap Creek Parcels (PS-3, pipeline corridor) | Dunlap Creek Ranch Inc. | Garrett Dunlap, President & Sole Director | Self-represented (BHP consulted informally) | Cascadia State Infrastructure Authority | 380220-108400; 380220-108401 | Dunlap Creek dairy farmland along Hannegan Road | Temporary (expires upon construction completion or 24 months) | 1.6 | $32,000 | 2025-04-21 | 2025-05-21 | 2025-08-15 | Pending | Pending | Livestock and dairy operation protections included. Site restoration required.
[sheet: Closing Checklist — Veldkamp]
Item No. | Category | Checklist Item | Transaction Ref | Responsible Party | Target Date | Status | Notes / Comments
V-01 | Authorization | CSIA Board Resolution authorizing easement acquisition and expenditure of funds for PS-1 and PS-2 permanent easements and temporary construction easement | E-01, E-02 | CSIA (Connor Oakes) | 2025-06-30 | Pending | Board must authorize aggregate compensation of $677,000 ($615,000 permanent + $62,000 temporary)
V-02 | Offer Letter | Good-faith offer letter delivered to Veldkamp Family Holdings LLC per RCW 8.25 | E-01, E-02 | C&H (Grace Nakamura) | 2025-04-21 | Pending | Combined offer of $677,000. 30-day response period. Copy to Bridger Hollis & Pratt LLP (Nadia Sorensen).
V-03 | Offer Letter | Confirmation of receipt of offer letter by Veldkamp / BHP | E-01, E-02 | BHP (Nadia Sorensen) | 2025-04-28 | Pending
V-04 | Offer Letter | Landowner response / acceptance or counter-offer | E-01, E-02 | Veldkamp (Hendrik Veldkamp) / BHP | 2025-05-21 | Pending | 30-day response deadline
V-05 | Appraisal | Appraisal report delivered to Grantor (summary per RCW 8.25) | E-01, E-02 | C&H / CSIA | 2025-04-21 | Pending | Northwind Valuation Group LLC, Jocelyn Trueblood MAI, dated March 14, 2025. USPAP / Yellow Book methodology.
V-06 | Survey | ALTA/NSPS survey of PS-1 easement area (2.3 acres, Parcel 380219-401200) — delivery of final survey and plat | E-01 | Ironclad (Karen Whitfield, PLS) | 2025-06-15 | Pending
V-07 | Survey | ALTA/NSPS survey of PS-2 easement area (1.8 acres, Parcel 380219-401201) — delivery of final survey and plat | E-01 | Ironclad (Karen Whitfield, PLS) | 2025-06-15 | Pending
V-08 | Survey | Survey and plat of temporary construction easement areas (3.1 acres across Parcels 380219-401200, -401201, -401203) | E-02 | Ironclad (Karen Whitfield, PLS) | 2025-06-15 | Pending
V-09 | Legal Description | Metes-and-bounds legal descriptions for PS-1 permanent easement — final | E-01 | Ironclad (Karen Whitfield, PLS) | 2025-06-15 | Pending | To be attached as Exhibit to Permanent Easement Agreement
V-10 | Legal Description | Metes-and-bounds legal descriptions for PS-2 permanent easement — final | E-01 | Ironclad (Karen Whitfield, PLS) | 2025-06-15 | Pending | To be attached as Exhibit to Permanent Easement Agreement
V-11 | Legal Description | Metes-and-bounds legal descriptions for temporary construction easement areas — final | E-02 | Ironclad (Karen Whitfield, PLS) | 2025-06-15 | Pending
V-12 | Title | Title commitment received from Cascade Basin Title Company for Parcel 380219-401200 | E-01 | Cascade Basin Title (Diane Ashworth) | 2025-05-15 | Pending | Review Schedule B exceptions; identify curative requirements
V-13 | Title | Title commitment received from Cascade Basin Title Company for Parcel 380219-401201 | E-01 | Cascade Basin Title (Diane Ashworth) | 2025-05-15 | Pending
V-14 | Title | Title commitment received from Cascade Basin Title Company for Parcel 380219-401203 (pipeline segment) | E-02 | Cascade Basin Title (Diane Ashworth) | 2025-05-15 | Pending
V-15 | Title | C&H review of title commitments — identification of encumbrances (agricultural conservation easements, utility easements, deeds of trust, tax liens) and curative actions | E-01, E-02 | C&H (Grace Nakamura) | 2025-05-30 | Pending | Per Title Review Memorandum
V-16 | Title | Resolution of all title curative items (lien releases, subordination agreements, etc.) | E-01, E-02 | C&H / Veldkamp / BHP | 2025-07-31 | Pending
V-17 | Title | Bring-down title search / certification — dated no more than 5 business days prior to closing | E-01, E-02 | Cascade Basin Title (Diane Ashworth) | 2025-08-11 | Pending | Confirm no intervening liens, judgments, or encumbrances since initial commitment
V-18 | Title Insurance | Title insurance policy endorsements ordered — owner's and lender's (if applicable) for easement interests | E-01, E-02 | Cascade Basin Title (Diane Ashworth) | 2025-08-01 | Pending | Endorsements: survey, access, zoning as recommended in Title Review Memo
V-19 | Easement Agreement | Permanent Easement Agreement (PS-1 & PS-2) — final draft circulated to BHP | E-01 | C&H (Grace Nakamura / Rafael Dominguez) | 2025-06-01 | Pending
V-20 | Easement Agreement | Permanent Easement Agreement — BHP / Veldkamp comments received | E-01 | BHP (Nadia Sorensen / Tyler Fong) | 2025-06-30 | Pending
V-21 | Easement Agreement | Permanent Easement Agreement — final execution version agreed | E-01 | C&H / BHP | 2025-07-15 | Pending
V-22 | Easement Agreement | Temporary Construction Easement Agreement — final draft circulated to BHP | E-02 | C&H (Grace Nakamura / Rafael Dominguez) | 2025-06-01 | Pending
V-23 | Easement Agreement | Temporary Construction Easement Agreement — BHP / Veldkamp comments received | E-02 | BHP (Nadia Sorensen / Tyler Fong) | 2025-06-30 | Pending
V-24 | Easement Agreement | Temporary Construction Easement Agreement — final execution version agreed | E-02 | C&H / BHP | 2025-07-15 | Pending
V-25 | Execution | Permanent Easement Agreement executed by Grantor — Hendrik "Hank" Veldkamp on behalf of Veldkamp Family Holdings LLC | E-01 | Veldkamp (Hendrik Veldkamp) | 2025-08-15 | Pending | Notarized signature required for recording
V-26 | Execution | Permanent Easement Agreement executed by Grantee — CSIA authorized signatory | E-01 | CSIA | 2025-08-15 | Pending | Per CSIA Board resolution
V-27 | Execution | Temporary Construction Easement Agreement executed by Grantor | E-02 | Veldkamp (Hendrik Veldkamp) | 2025-08-15 | Pending | Notarized
V-28 | Execution | Temporary Construction Easement Agreement executed by Grantee — CSIA | E-02 | CSIA | 2025-08-15 | Pending
V-29 | Representations & Warranties | Grantor Representations and Warranties Certificate — Veldkamp Family Holdings LLC (authority to convey, no undisclosed encumbrances, no pending litigation, environmental condition reps) | E-01, E-02 | Veldkamp / BHP | 2025-08-15 | Pending
V-30 | Tax Proration | Tax proration calculation — real property taxes prorated as of closing date for Parcels 380219-401200, -401201, -401203 | E-01, E-02 | C&H / Cascade Basin Title | 2025-08-10 | Pending | Based on Whatcom County tax records; prorate to date of recording
V-31 | Funds Disbursement | Wire instructions obtained from Veldkamp / BHP for compensation payment | E-01, E-02 | BHP (Nadia Sorensen) | 2025-08-01 | Pending
V-32 | Funds Disbursement | CSIA funds transfer of $615,000 (permanent easement compensation) to Cascade Basin Title escrow or directly to Veldkamp | E-01 | CSIA (Connor Oakes) | 2025-08-15 | Pending | PS-1: $345,000 + PS-2: $270,000 = $615,000
V-33 | Funds Disbursement | CSIA funds transfer of $62,000 (temporary construction easement compensation) to Cascade Basin Title escrow or directly to Veldkamp | E-02 | CSIA (Connor Oakes) | 2025-08-15 | Pending | 3.1 acres temporary workspace
V-34 | Recording | Permanent Easement Agreement recorded with Whatcom County Auditor — obtain recording number | E-01 | C&H / Cascade Basin Title | 2025-08-15 | Pending | Recording fee to be advanced by C&H and reimbursed by CSIA
V-35 | Recording | Temporary Construction Easement Agreement recorded with Whatcom County Auditor — obtain recording number | E-02 | C&H / Cascade Basin Title | 2025-08-15 | Pending
V-36 | Post-Closing | Conformed copies of recorded easements distributed to CSIA, Veldkamp, BHP, and Cascade Basin Title | E-01, E-02 | C&H (Rafael Dominguez) | 2025-08-22 | Pending
V-37 | Post-Closing | Title insurance policies issued and delivered | E-01, E-02 | Cascade Basin Title (Diane Ashworth) | 2025-09-15 | Pending
[sheet: Closing Checklist — Dunlap Cree]
Item No. | Category | Checklist Item | Transaction Ref | Responsible Party | Target Date | Status | Notes / Comments
D-01 | Authorization | CSIA Board Resolution authorizing easement acquisition and expenditure of funds for PS-3 permanent easement, pipeline corridor easement, and temporary construction easement | E-03, E-04, E-05 | CSIA (Connor Oakes) | 2025-06-30 | Pending | Board must authorize $315,000 (PS-3 permanent) + $32,000 (temporary) + pipeline corridor TBD
D-02 | Offer Letter | Good-faith offer letter delivered to Dunlap Creek Ranch Inc. per RCW 8.25 | E-03, E-04, E-05 | C&H (Grace Nakamura) | 2025-04-21 | Pending | PS-3 permanent: $315,000; temporary: $32,000; pipeline corridor compensation TBD per Northwind linear-foot valuation. 30-day response period.
D-03 | Offer Letter | Confirmation of receipt of offer letter by Garrett Dunlap | E-03, E-04, E-05 | Dunlap Creek (Garrett Dunlap) | 2025-04-28 | Pending | Self-represented; delivery to 18500 Guide Meridian Road, Lynden, WA 98264
D-04 | Offer Letter | Landowner response / acceptance or counter-offer | E-03, E-04, E-05 | Dunlap Creek (Garrett Dunlap) | 2025-05-21 | Pending | 30-day response deadline
D-05 | Appraisal | Appraisal report / summary delivered to Grantor per RCW 8.25 | E-03, E-04, E-05 | C&H / CSIA | 2025-04-21 | Pending | Northwind Valuation Group LLC, Jocelyn Trueblood MAI, dated March 14, 2025
D-06 | Survey | ALTA/NSPS survey of PS-3 easement area (2.1 acres, Parcel 380220-108400) — delivery of final survey and plat | E-03 | Ironclad (Karen Whitfield, PLS) | 2025-06-15 | Pending
D-07 | Survey | Survey of pipeline corridor easement (Parcel 380220-108401) — delivery of final survey and plat | E-04 | Ironclad (Karen Whitfield, PLS) | 2025-06-15 | Pending | Linear easement for 24-inch and 36-inch HDPE force-main
D-08 | Survey | Survey and plat of temporary construction easement areas (1.6 acres, Parcels 380220-108400, -108401) | E-05 | Ironclad (Karen Whitfield, PLS) | 2025-06-15 | Pending
D-09 | Legal Description | Metes-and-bounds legal descriptions for PS-3 permanent easement — final | E-03 | Ironclad (Karen Whitfield, PLS) | 2025-06-15 | Pending | Exhibit to Permanent Easement Agreement
D-10 | Legal Description | Metes-and-bounds legal description for pipeline corridor easement — final | E-04 | Ironclad (Karen Whitfield, PLS) | 2025-06-15 | Pending | Exhibit to Pipeline Corridor Easement Agreement
D-11 | Legal Description | Metes-and-bounds legal descriptions for temporary construction easement areas — final | E-05 | Ironclad (Karen Whitfield, PLS) | 2025-06-15 | Pending
D-12 | Title | Title commitment received from Cascade Basin Title Company for Parcel 380220-108400 (PS-3) | E-03 | Cascade Basin Title (Diane Ashworth) | 2025-05-15 | Pending
D-13 | Title | Title commitment received from Cascade Basin Title Company for Parcel 380220-108401 (pipeline corridor) | E-04 | Cascade Basin Title (Diane Ashworth) | 2025-05-15 | Pending
D-14 | Title | C&H review of title commitments — identification of encumbrances and curative actions | E-03, E-04, E-05 | C&H (Grace Nakamura) | 2025-05-30 | Pending | Per Title Review Memorandum
D-15 | Title | Resolution of all title curative items | E-03, E-04, E-05 | C&H / Dunlap Creek | 2025-07-31 | Pending
D-16 | Title | Bring-down title search / certification — dated no more than 5 business days prior to closing | E-03, E-04, E-05 | Cascade Basin Title (Diane Ashworth) | 2025-08-11 | Pending | Confirm no intervening liens, judgments, or encumbrances
D-17 | Title Insurance | Title insurance policy endorsements ordered for easement interests | E-03, E-04, E-05 | Cascade Basin Title (Diane Ashworth) | 2025-08-01 | Pending
D-18 | Easement Agreement | Permanent Easement Agreement (PS-3) — final draft circulated to Garrett Dunlap | E-03 | C&H (Grace Nakamura / Rafael Dominguez) | 2025-06-01 | Pending | Dunlap is self-represented
D-19 | Easement Agreement | Permanent Easement Agreement (PS-3) — Dunlap comments received | E-03 | Dunlap Creek (Garrett Dunlap) | 2025-06-30 | Pending
D-20 | Easement Agreement | Permanent Easement Agreement (PS-3) — final execution version agreed | E-03 | C&H / Dunlap Creek | 2025-07-15 | Pending
D-21 | Easement Agreement | Pipeline Corridor Easement Agreement — final draft circulated to Garrett Dunlap | E-04 | C&H (Grace Nakamura / Rafael Dominguez) | 2025-06-01 | Pending | Depth-of-cover requirements, surface restoration, agricultural use retained
D-22 | Easement Agreement | Pipeline Corridor Easement Agreement — Dunlap comments received | E-04 | Dunlap Creek (Garrett Dunlap) | 2025-06-30 | Pending
D-23 | Easement Agreement | Pipeline Corridor Easement Agreement — final execution version agreed | E-04 | C&H / Dunlap Creek | 2025-07-15 | Pending
D-24 | Easement Agreement | Temporary Construction Easement Agreement — final draft circulated to Garrett Dunlap | E-05 | C&H (Grace Nakamura / Rafael Dominguez) | 2025-06-01 | Pending | Livestock and dairy operation protections included
D-25 | Easement Agreement | Temporary Construction Easement Agreement — Dunlap comments received | E-05 | Dunlap Creek (Garrett Dunlap) | 2025-06-30 | Pending
D-26 | Easement Agreement | Temporary Construction Easement Agreement — final execution version agreed | E-05 | C&H / Dunlap Creek | 2025-07-15 | Pending
D-27 | Execution | Permanent Easement Agreement (PS-3) executed by Grantor — Garrett Dunlap on behalf of Dunlap Creek Ranch Inc. | E-03 | Dunlap Creek (Garrett Dunlap) | 2025-08-15 | Pending | Notarized; confirm Maureen Dunlap (Secretary/Treasurer) corporate resolution if required
D-28 | Execution | Permanent Easement Agreement (PS-3) executed by Grantee — CSIA | E-03 | CSIA | 2025-08-15 | Pending
D-29 | Execution | Pipeline Corridor Easement Agreement executed by Grantor | E-04 | Dunlap Creek (Garrett Dunlap) | 2025-08-15 | Pending | Notarized
D-30 | Execution | Pipeline Corridor Easement Agreement executed by Grantee — CSIA | E-04 | CSIA | 2025-08-15 | Pending
D-31 | Execution | Temporary Construction Easement Agreement executed by Grantor | E-05 | Dunlap Creek (Garrett Dunlap) | 2025-08-15 | Pending | Notarized
D-32 | Execution | Temporary Construction Easement Agreement executed by Grantee — CSIA | E-05 | CSIA | 2025-08-15 | Pending
D-33 | Representations & Warranties | Grantor Representations and Warranties Certificate — Dunlap Creek Ranch Inc. (authority to convey, corporate good standing, no undisclosed encumbrances, no pending litigation, environmental condition reps) | E-03, E-04, E-05 | Dunlap Creek (Garrett Dunlap) | 2025-08-15 | Pending | Confirm S-corp good standing with WA Secretary of State; EIN 91-2198403
D-34 | Tax Proration | Tax proration calculation — real property taxes prorated as of closing date for Parcels 380220-108400, -108401 | E-03, E-04, E-05 | C&H / Cascade Basin Title | 2025-08-10 | Pending | Based on Whatcom County tax records
D-35 | Funds Disbursement | Wire instructions obtained from Dunlap Creek Ranch Inc. | E-03, E-04, E-05 | Dunlap Creek (Garrett Dunlap) | 2025-08-01 | Pending
D-36 | Funds Disbursement | CSIA funds transfer of $315,000 (PS-3 permanent easement compensation) | E-03 | CSIA (Connor Oakes) | 2025-08-15 | Pending
D-37 | Funds Disbursement | CSIA funds transfer of pipeline corridor easement compensation (amount TBD) | E-04 | CSIA (Connor Oakes) | 2025-08-15 | Pending | Per Northwind linear-foot valuation — amount to be confirmed
D-38 | Funds Disbursement | CSIA funds transfer of $32,000 (temporary construction easement compensation) | E-05 | CSIA (Connor Oakes) | 2025-08-15 | Pending | 1.6 acres temporary workspace
D-39 | Recording | Permanent Easement Agreement (PS-3) recorded with Whatcom County Auditor | E-03 | C&H / Cascade Basin Title | 2025-08-15 | Pending
D-40 | Recording | Pipeline Corridor Easement Agreement recorded with Whatcom County Auditor | E-04 | C&H / Cascade Basin Title | 2025-08-15 | Pending
D-41 | Recording | Temporary Construction Easement Agreement recorded with Whatcom County Auditor | E-05 | C&H / Cascade Basin Title | 2025-08-15 | Pending
D-42 | Post-Closing | Conformed copies of recorded easements distributed to CSIA, Dunlap Creek, and Cascade Basin Title | E-03, E-04, E-05 | C&H (Rafael Dominguez) | 2025-08-22 | Pending
D-43 | Post-Closing | Title insurance policies issued and delivered | E-03, E-04, E-05 | Cascade Basin Title (Diane Ashworth) | 2025-09-15 | Pending
[sheet: Funds Disbursement Summary]
Line Item | Transaction Ref | Payee | Payor | Amount | Payment Method | Due Date | Status | Notes
Permanent Easement Compensation — PS-1 (Veldkamp, 2.3 ac) | E-01 | Veldkamp Family Holdings LLC | CSIA | $345,000 | Wire Transfer | 2025-08-15 | Pending | Parcel 380219-401200
Permanent Easement Compensation — PS-2 (Veldkamp, 1.8 ac) | E-01 | Veldkamp Family Holdings LLC | CSIA | $270,000 | Wire Transfer | 2025-08-15 | Pending | Parcel 380219-401201
Temporary Construction Easement Compensation — Veldkamp (3.1 ac) | E-02 | Veldkamp Family Holdings LLC | CSIA | $62,000 | Wire Transfer | 2025-08-15 | Pending
Permanent Easement Compensation — PS-3 (Dunlap Creek, 2.1 ac) | E-03 | Dunlap Creek Ranch Inc. | CSIA | $315,000 | Wire Transfer | 2025-08-15 | Pending | Parcel 380220-108400
Pipeline Corridor Easement Compensation (Dunlap Creek) | E-04 | Dunlap Creek Ranch Inc. | CSIA | TBD | Wire Transfer | 2025-08-15 | Pending | Parcel 380220-108401; amount per Northwind linear-foot valuation
Temporary Construction Easement Compensation — Dunlap Creek (1.6 ac) | E-05 | Dunlap Creek Ranch Inc. | CSIA | $32,000 | Wire Transfer | 2025-08-15 | Pending
Subtotal — Permanent Easement Compensation (known) | E-01, E-03 | Various | CSIA | $930,000 | — | — | — | $345,000 + $270,000 + $315,000 = $930,000 (excl. pipeline corridor TBD)
Subtotal — Temporary Easement Compensation | E-02, E-05 | Various | CSIA | $94,000 | — | — | — | $62,000 + $32,000 = $94,000
Total Known Easement Compensation | All | Various | CSIA | $1,024,000 | — | — | — | $930,000 + $94,000 = $1,024,000
Recording Fees — Whatcom County Auditor (all easements, est. 5 documents) | All | Whatcom County Auditor | CSIA (via C&H advance) | TBD | Check / Electronic | 2025-08-15 | Pending | Estimated; part of C&H $18,500 cost budget
Title Insurance Premiums — Cascade Basin Title Company | All | Cascade Basin Title Company | CSIA | TBD | Wire Transfer / Check | 2025-08-15 | Pending | Owner's policies and endorsements for all easement interests
Real Property Tax Prorations — Veldkamp Parcels | E-01, E-02 | Veldkamp Family Holdings LLC or CSIA (net adjustment) | Per proration | TBD | Closing adjustment | 2025-08-15 | Pending | Prorated to closing date per Whatcom County records
Real Property Tax Prorations — Dunlap Creek Parcels | E-03, E-04, E-05 | Dunlap Creek Ranch Inc. or CSIA (net adjustment) | Per proration | TBD | Closing adjustment | 2025-08-15 | Pending | Prorated to closing date per Whatcom County records
Grand Total Disbursement | All | All Payees | CSIA | $1,024,000 + pipeline corridor TBD + costs TBD | — | — | — | Total known compensation plus pipeline corridor, recording fees, title insurance premiums, and tax prorations
[sheet: Bring-Down Certificate]
Certificate Item No. | Certification Category | Certification Statement | Applicable Transaction(s) | Certifying Party | Certification Date | Certified (Yes/No/Pending) | Notes
BD-01 | Title Bring-Down | Cascade Basin Title Company certifies that, as of the date hereof, no additional liens, encumbrances, judgments, or matters affecting title have been recorded against Parcel No. 380219-401200 since the effective date of the title commitment. | E-01 | Cascade Basin Title Company (Diane Ashworth) | 2025-08-15 | Pending | Must be dated within 5 business days of closing
BD-02 | Title Bring-Down | Cascade Basin Title Company certifies no additional matters affecting title to Parcel No. 380219-401201 since effective date of commitment. | E-01 | Cascade Basin Title Company (Diane Ashworth) | 2025-08-15 | Pending
BD-03 | Title Bring-Down | Cascade Basin Title Company certifies no additional matters affecting title to Parcel No. 380219-401203 since effective date of commitment. | E-02 | Cascade Basin Title Company (Diane Ashworth) | 2025-08-15 | Pending
BD-04 | Title Bring-Down | Cascade Basin Title Company certifies no additional matters affecting title to Parcel No. 380220-108400 since effective date of commitment. | E-03 | Cascade Basin Title Company (Diane Ashworth) | 2025-08-15 | Pending
BD-05 | Title Bring-Down | Cascade Basin Title Company certifies no additional matters affecting title to Parcel No. 380220-108401 since effective date of commitment. | E-04, E-05 | Cascade Basin Title Company (Diane Ashworth) | 2025-08-15 | Pending
BD-06 | Grantor — Authority | Veldkamp Family Holdings LLC (EIN 91-3487562) certifies it is a Washington limited liability company in good standing, duly authorized to execute and deliver the easement agreements, and that Hendrik Veldkamp has full authority as Managing Member to bind the LLC. | E-01, E-02 | Veldkamp Family Holdings LLC (Hendrik Veldkamp) | 2025-08-15 | Pending | Members: Hendrik Veldkamp, Anneke Veldkamp-Ross, Willem Veldkamp
BD-07 | Grantor — Authority | Dunlap Creek Ranch Inc. (EIN 91-2198403) certifies it is a Washington S-corporation in good standing, duly authorized to execute and deliver the easement agreements, and that Garrett Dunlap as President & Sole Director has full authority. | E-03, E-04, E-05 | Dunlap Creek Ranch Inc. (Garrett Dunlap) | 2025-08-15 | Pending | Secretary/Treasurer: Maureen Dunlap; corporate resolution to be attached
BD-08 | Grantor — No Litigation | Grantor certifies no pending or threatened litigation, condemnation (other than by CSIA), or proceedings affecting the parcels. | E-01, E-02 | Veldkamp Family Holdings LLC | 2025-08-15 | Pending
BD-09 | Grantor — No Litigation | Grantor certifies no pending or threatened litigation, condemnation (other than by CSIA), or proceedings affecting the parcels. | E-03, E-04, E-05 | Dunlap Creek Ranch Inc. | 2025-08-15 | Pending
BD-10 | Grantor — Environmental | Grantor certifies no release of hazardous substances or recognized environmental conditions on the easement parcels, consistent with Phase I ESA findings (Pinnacle, January 22, 2025 — no RECs identified). | E-01, E-02 | Veldkamp Family Holdings LLC | 2025-08-15 | Pending
BD-11 | Grantor — Environmental | Grantor certifies no release of hazardous substances or recognized environmental conditions on the easement parcels, consistent with Phase I ESA findings. | E-03, E-04, E-05 | Dunlap Creek Ranch Inc. | 2025-08-15 | Pending
BD-12 | Grantor — No Undisclosed Encumbrances | Grantor certifies no undisclosed easements, leases, agreements, or encumbrances affecting the granted easement areas other than those shown on the title commitment. | All | Veldkamp / Dunlap Creek | 2025-08-15 | Pending
BD-13 | Grantee — Authorization | CSIA certifies that the CSIA Board has duly authorized the acquisition of the easements and expenditure of funds from the Combined Easement Compensation Budget ($1,024,000 plus pipeline corridor TBD), funded through CSIA Capital Project CP-2025-NPS-004. | All | CSIA (Martin R. Calloway / Priya Shankar-Wells) | 2025-08-15 | Pending | Board resolution attached
BD-14 | Grantee — Funding Confirmation | CSIA certifies that funds are available and appropriated: $31,200,000 state capital appropriation (SB 5140) and $16,800,000 Series 2025A Revenue Bonds (Harborstone Capital Markets LLC, underwriter; Jerome Elliston, Managing Director). | All | CSIA | 2025-08-15 | Pending | Total project value $48,000,000
BD-15 | Survey Confirmation | Ironclad Surveying & Land Services LLC (Karen Whitfield, PLS) certifies that all surveys, plats, and metes-and-bounds legal descriptions attached to the easement agreements are accurate and current as of the certification date. | All | Ironclad Surveying & Land Services LLC | 2025-08-15 | Pending