Title
Amendment to Ordinance 6964 (Capital Budget)
Recommended Action
Committee Recommendation:
Not referred to a committee.
City Manager Recommendation:
Move to approve amending ordinance on second reading.
Report
Issue:
Amendment to Ordinance 6964
Staff Contact:
Dean Walz, Fiscal Services Director, Administrative Services Department, 360.753.8465
Presenter(s):
Dean Walz, Fiscal Services Director
Background and Analysis:
There is no change in background and analysis from first to second reading.
To change the budget the Council must approve a new ordinance amending the budget. Generally, budgetary amendments are made quarterly. On occasion a budget change needs to be made between the quarterly updates and a separate ordinance will come before the Council. These ordinances do not officially amend the budget ordinance, but does provide authorization to expend funds. The attached ordinance reflects ordinances which may have been adopted relating to the budget since the last quarterly update, and other proposed changes to the budget.
There were no ordinances passed since the adoption of Ordinance 6964 related to the Capital Budget.
Budget Items Not Previously Presented to the Council:
1) Appropriation of $12,800 for the State Avenue Overlay project for safety improvements. Funding is from additional resources made available for the project, $7,800 from contributions from property owners and $5,000 from the City Risk Management Fund.
2) Transfer of $75,000 from the 18th Avenue project for a transportation multimodal concurrency study. There is no overall increase in budget.
3) Appropriation of $150,000 for the first payment of the purchase of the Kaiser Heights (Wonderland Holdings) property. Funding is from a transfer from the Open Space Impact Fees Fund.
4) Appropriation of $150,000 of Open Space Impact Fees to fund the purchase of the Kaiser Heights property. Funding is from previously collecting Open Space impa...
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