Title
Approval of an Amendment to Ordinance 7098 Related to the Capital Budget
Recommended Action
Committee Recommendation:
Not referred to a committee.
City Manager Recommendation:
Move to approve the amending ordinance on second reading.
Report
Issue:
Whether to amend Ordinance 7098, which relates to the Capital Budget.
Staff Contact:
Bill Sampson, Acting Fiscal Services Director, Administrative Services Department, 360.753.8473
Presenter(s):
None - Consent Calendar Item.
Background and Analysis:
Background and analysis has not changed from first to second reading.
City Council may revise the City’s capital budget by approving an ordinance. New budget items come up during the year that have not been presented to Council through the annual budget cycle. Generally, budget amendments are presented quarterly to Council for their review and approval but may be made at any time during the year.
Below are new budget items included in amended Ordinance 7098:
1) Appropriation of $100,000 for Environmental Clean Up at West Olympia Landfill. Funding was received through a remediation settlement agreement with Puget Sound Energy for the West Olympia Landfill.
2) Appropriation of $115,764 for Port Stormwater project. Funding was received as payment from the Port of Olympia for their portion of the project.
3) Appropriation of $22,197 to cover final costs of the Harrison Avenue Widening project. Funding was collected from Transportation Impact Fees.
Neighborhood/Community Interests (if known):
N/A
Options:
1) Approve the amendment to Ordinance 7098. This allows staff to complete the projects listed above.
2) Do not approve the amendment to Ordinance 7098. Staff will not be able to complete the projects listed until additional funding is appropriated
Financial Impact:
Total increase in appropriations is $237,961. Funding for the total appropriation is available.
Attachments:
Ordinance