The Capital Area Regional Public Facilities District (PFD), a municipal corporation, is a special taxing district created by Lacey, Olympia, Tumwater, and Thurston County in 2003. It finances payments on bonds issued by Lacey and Olympia for construction of two regional event centers, Lacey’s Regional Athletic Complex and Olympia’s Hands On Children’s Museum.
The District is authorized to receive 0.033% of the State share of sales and use tax generated in the four jurisdictions as allowed by RCW 82.14.390. This legislation authorized the use of State revenue to promote economic development by supporting the construction of certain public facilities in local jurisdictions.
The PFD apportions this revenue to Lacey and Olympia according to an interlocal agreement. The two jurisdictions are responsible for financing and project management, ownership and maintenance of the facilities. The tax expires twenty-five years after the date it was first collected in 2003.
A seven member Public Facilities District Board of Directors has fiduciary responsibility for the appropriate use of sales tax revenue it collects and distributes. The Board meets annually to review financial statements and to issue an annual report to the public on the use of those funds. The elected officials of Lacey, Olympia, Tumwater, and Thurston County appoint the PFD Board members. One member is appointed by each jurisdiction. The remaining three board members are appointed as regional representatives, subject to recommendations from local business and community organizations. PFD Board members serve four-year staggered terms. They serve without compensation.