Title
Approval of an Ordinance Amending Ordinance 7202 (Capital Budget)
Recommended Action
Committee Recommendation:
Not referred to a committee.
City Manager Recommendation:
Move to adopt the proposed Ordinance that amends Ordinance 7202 on second reading.
Report
Issue:
Whether to amend Ordinance 7202 on second reading.
Staff Contact:
Nanci Lien, Fiscal Services Director, Administrative Services Department, 360.753.8465
Presenter(s):
None - Consent Calendar item
Background and Analysis:
Background and analysis have not changed from first to second reading.
City Council may revise the City's Capital Budget by approving an ordinance. Generally, budget amendments are presented quarterly to Council for their review and approval but may be made at any time during the year. The amended ordinances appropriate funds and provide authorization to expend the funds.
No separate ordinances were passed since the adoption of ordinance 7202 on October 8, 2019, relating to the Capital Budget.
The attached ordinance includes recommended amendments to the 2019 Capital Budget as outlined below:
1. Parks Capital Projects
a. $750 in appropriations for Percival Railing Project. Funding to come from a donation.
b. $3,342,715 in appropriations to transfer Parks impacts fees to Capital Project Funds for Parks capital projects for transfers not included in previous quarterly amendment.
c. $768,655 in appropriations to transfers SEPA Mitigation Fees for capital projects for transfers not included in previous quarterly amendment.
d. $3,829,284 in appropriations to transfer Parks & Rec/Sidewalks Voted Utility Tax to support capital projects for transfers not included in previous quarterly amendment.
e. $5,126,043 in appropriations to transfer Real Estate Excise Taxes to support capital projects for transfers not included in previous quarterly amendment.
2. Transportation Capital Projects
a. $1,176,803 in appropriation for Fones Road Project. Funding to come from Department ...
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