Title
Approval of Amendment to Ordinance 6983 - Development Fee Revenue Fund
Recommended Action
Committee Recommendation:
Not referred to Committee.
City Manager Recommendation:
Move to approve the ordinance amending Ordinance 6983 on second reading.
Report
Issue:
Whether to amend Ordinance 6983 which established the Development Fee Revenue Fund, which expand the authorized uses of the Fund beyond just reimbursing the General Fund for costs related to management of development.
Staff Contact:
Dean Walz, Fiscal Services Director, Administrative Services, 360.753.8465
Presenter(s):
None - Consent Calendar Item.
Background and Analysis:
Background and analysis has not changed from first to second reading.
In November 2015 the Council adopted Ordinance 6983 which established the Development Fee Revenue Fund.
The ordinance limited the use of the Fund to reimbursement of costs related to management of development within the General Fund. Costs within the General Fund which are reimbursed by the Fund are reimbursed at 85 percent of cost by policy. Since the adoption of the ordinance, staff members have determined that certain expenses related to development should be paid at 100 percent of costs. An example of this is contracted services in areas the City does not have expertise.
Neighborhood/Community Interests (if known):
None.
Options:
1. Adopt the proposed ordinance.
2. Direct staff to make changes to the proposed ordinance.
3. Do not adopt the ordinance.
Financial Impact:
No additional costs.
Attachments:
Ordinance.