We successfully negotiated a sales agreement with Kootenai County on our Hayden headquarters facility which was approved by both the KEC board of directors and Kootenai County commissioners. The County purchased our headquarters for $4.72 million. As part of the deal, KEC had the right to continue operating from it rent-free for the next three years. The value of the transaction was fair for both parties, making it a good deal for our members and for the residents of Kootenai County. Crucially, the sale of our headquarters eliminated risk for the cooperative. The focus could then shift to the construction of a new headquarters.
