HomeMy WebLinkAboutCity Council Meeting - Council - Minutes - 09/19/1995 Kent, Washington
September 19, 1995
Regular meeting of the Kent City Council was called to order at
7 : 00 p.m. by Mayor White. Present: Councilmembers Bennett,
Clark, Johnson, Mann, Orr and Woods, City Attorney Lubovich,
Planning Director Harris, Public Works Director Wickstrom, Police
Chief Crawford, Fire Chief Angelo, Parks Director Hodgson, and
Finance Director Miller. Councilmember Houser was excused from
the meeting. Approximately 30 people were at the meeting.
PUBLIC Introduction of Mayor's Appointees. Mayor White
COMMUNICATIONS introduced JoAnn Schaut as the newest appointment
to the Kent Arts Commission. He noted that
Ms. Schaut is from the Salt Air Hills area of the
City and welcomed her aboard to represent that
area.
Mayor White also introduced Dudley Jackson as the
newest appointment to the Transit Advisory Board.
He noted that Mr. Jackson is a transit dependent
member of the community and that his input is
very much needed.
Literacy Month. Mayor White read a proclama-
tion declaring the month of September, 1995 as
Literacy Month in the City of Kent. He encour-
aged all citizens to join in the efforts to
spread the gift of literacy and learning to all
people, and to experience for themselves the
wonderful world that books and reading can open
up with the enrichment they can bring to our
lives. Catherine Bogdon from King County
Literacy Coalition accepted the proclamation and
expressed appreciation to the City of Kent for
their dedication to literacy.
Crime Prevention Month. Mayor White read a
proclamation declaring the month of October, 1995
as Crime Prevention Month in the City of Kent.
He encouraged all citizens, government agencies,
public and private partnerships, public and pri-
vate institutions, and businesses to increase
their participation in the community's crime
prevention efforts to more tightly weave the
fabric of the community and strengthen community
spirit. Lt. Rufener of the Kent Police Depart-
ment accepted the proclamation.
Day of Concern for the Hungry. The Mayor read a
proclamation declaring September 30, 1995 as the
Day of Concern for the Hungry in the City of
Kent. He urged all citizens to join with the
Seattle Emergency Feeding Program to feed those
who are hungry. Arthur Lee, Executive Director
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September 19, 1995
PUBLIC of the Emergency Feeding Program, accepted the
COMMUNICATIONS proclamation and noted that the City of Kent has
been participating in this program for the last
four years. He expressed great appreciation to
Mayor White for taking an additional initiative
to express some concerns and ask some questions
which haven't been asked before. Lee explained
that the Day of Concern for the Hungry has always
been a collaboration of Food Banks and Feeding
Programs throughout King County and that the Kent
Food Bank has agreed to put forth a more joint
collaborative effort to assure this project is a
success as it has been in times past. He invited
citizens to contribute or donate toward this
project on September 30th to meet the needs of
the growing hungry in King County.
Kent Area PTA Week. Mayor White read a proclama-
tion declaring September 17-23 , 1995 as Kent Area
PTA Week in the City of Kent. He encouraged all
citizens to join in supporting the PTA in their
efforts on behalf of our children. Susie
Shields, Kent Area PTA Council Board Member,
noted that the PTA Council is comprised of 32
PTA's in the Kent School District with over 4600
individual members. She noted the objectives of
all PTA's and explained the different programs
and projects that are offered. She thanked the
Mayor, Council, and citizens for joining with
them in advocating for children everywhere.
Mayor White invited Ms. Shields and/or repre-
sentatives from the PTA to join with him in a
Mayor's Forum to discuss in detail some of the
issues that the PTA is working on.
Regional Justice Center Update. Wendy Keller,
Project Manager, noted that the project is
running ahead in terms of interest earnings on
the budget because the total amount of estimated
expenditures haven't been paid thus far. She
explained that all the cement for the rat slabs
has gone down, the conduit that goes in the
bottom for all the electronics and electricity
that goes to each cell has been done, and that
the upright walls are beginning in the detention
area. She noted that the Courthouse is now ahead
of schedule, that the project is doing fine as
far as budget, and that the project is on sched-
ule in all parts of the site and in some cases a
little ahead. Keller explained that the Business
Advisory Group has formed a special committee to
look at the types of services the users in the
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September 19, 1995
PUBLIC RJC might be interested in and that they are
COMMUNICATIONS looking into doing a survey. She noted that
every user group is currently going through the
operational procedures and are approximately an
eighth of the way through most of the working
tasks. She noted that there have been very few
changes made by the owners of agencies in the
Regional Justice Center building, and that the
design documents are good.
CONSENT ORR MOVED that Consent Calendar Items A through
CALENDAR I be approved. Mann seconded and the motion
carried.
MINUTES (CONSENT CALENDAR - ITEM 3A)
Approval of Minutes. APPROVAL of the minutes of
the regular Council meeting of September 5, 1995,
CORRECTED - REFER T4 with the following correction to Item 3B:
MINUTES OF /0"3- qs' Check Numbers 158304-159201
Should read 158460-159021
STREETS (OTHER BUSINESS - ITEM 4C)
(ADDED ITEM)
LID 345 S. 218th Street Sidewalks (East Valley
Hwy to SR167. ) Tom Graham, property owner at
8605 S. 218th Street, noted that his property is
adjacent to Jim & Elsie Rust and that he wants to
petition the Council to review one remaining
aspect of the design. He explained that there
are no remaining property owners who oppose the
LID and that the issue concerns two sidewalks
versus one. He stated that there are no known
pedestrians using that street and that one side-
walk is relatively sufficient according to the
majority of property owners. He noted that this
issue was discussed at the Public Works Committee
Meeting on September 11, 1995 and that a sugges-
tion was made to come before the whole Council
with the possibility that it may be sent back to
the Public Works Committee for further study.
Bennett explained that he doesn't feel there is a
need for any sidewalks in that area, but that a
compromise of one sidewalk makes sense. He then
recommended that this item be sent back to the
Public Works Committee to see if something could
be worked out. Clark noted that having sidewalks
on both sides of the road would clearly take away
some parking, but that the neighborhood has
developed and that the City is now having to
spend money to restore sidewalks in some locales.
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September 19, 1995
STREETS He noted that the original issue was safety
concerning the curve, and that that particular
street had to be dealt with because the City was
vulnerable to lawsuits regarding the safety. He
said that to partially complete the LID and then
at some future date come back and do it again is
not in the best interest of the City.
Mayor White noted that direction has been given
by Council to proceed with this LID which cur-
rently includes two sidewalks and unless Council
decides to take some other action, staff will
proceed with the LID as proposed.
Orr noted that she had agreed with Mr. Bennett
when this proposal originally was presented
regarding one sidewalk versus two and voted
against it, because she does not believe that a
dead end street requires sidewalks on both sides.
She explained that she has no objection to send-
ing this issue back to Committee to be reworked
if additional parking could be provided, home-
owners wouldn't lose as much of their frontage,
and safety is still provided. She stated that
this street clearly does not have a high pedes-
trian count, and she prefers one sidewalk.
BENNETT THEN MOVED to take this item back to the
Public Works Committee. Orr seconded and the
motion carried with Clark voting nay.
TRAFFIC (PUBLIC HEARINGS - ITEM 2C)
CONTROL six Year Transportation Improvement Program.
This date has been set for a public hearing and
adoption of a resolution establishing the 1996-
2001 Six Year Transportation Improvement Plan.
Public Works Director Wickstrom noted that the
total to be spent over the six year period is
almost $84, 000, 000, and outlined the expenditures
as follows: $61, 000, 000 on corridor projects,
$17,944, 000 for other arterial roadway improve-
ments, $9, 588, 000 of which is for High Occupancy
Vehicle lanes, $1, 442 , 000 for bicycle and pedes-
trian facility projects, $1, 920, 000 for upgrading
pedestrian facilities including compliance with
the Americans With Disabilities Act, $935, 000 for
pavement rehabilitation on East Valley Highway
and $503 , 000 on a flexible route small bus system
for the downtown area.
The Mayor opened the public hearing. There were
no comments from the audience and ORR MOVED to
close the public hearing. Johnson seconded and
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September 19, 1995
TRAFFIC the motion carried. MANN MOVED that Resolution
CONTROL No. 1444 establishing the 1996-2001 Six Year
Transportation Improvement Program be adopted.
Bennett seconded and the motion carried.
(CONSENT CALENDAR - ITEM 3F)
S. 212th Street HOV Lanes - West Valley Highway
to SR 167. AUTHORIZATION for the Mayor to
execute an agreement with Burlington Northern
Railroad in a form similar to the draft agreement
to improve the S. 212th Street crossing for HOV
Lanes, West Valley Highway to SR 167 project,
upon concurrence of the Public Works Director and
the City Attorney, as recommended by the Public
Works Committee.
PUBLIC WORKS (BIDS - ITEM 5B)
Lake Fenwick Restoration Watershed Nonpoint
Improvements. Bid opening for this project was
held on September 14th with two bids received.
The low bid was submitted by VLS Construction in
the amount of $132 , 631.56 for Schedules A through
C. The Engineer' s estimate for A through C was
$123 , 067 . 87 . The project consists of storm water
improvements in and near an existing detention
pond including construction and placement of a
10-foot diameter diversion manhole, bioswale and
new stream channel, shoreline erosion control
improvements, including construction of wood
bulkheads and a concrete boat launch. MANN MOVED
that the Lake Fenwick Restoration Watershed
Nonpoint Improvements Project be awarded to VLS
Construction in the amount of $132 , 631. 56 for
Schedules A through C. Bennett seconded and the
motion carried.
COMMUNITY (PUBLIC HEARINGS - ITEM 2B)
DEVELOPMENT 1996 Community Development Block Grant Program.
BLOCK GRANT This date has been set to consider adoption of
the 1996 Community Development Block Grant (CDBG)
Program, including the contingency plans for
estimated entitlement changes, as recommended by
the Planning Committee and Human Services
Commission.
Betsy Czark of the Planning Department noted that
1996 funding is approximately 24% less than 1995
funding, and that there were more requests for
funding than funds available. She said that an
estimated total of $365, 361 had been recommended
for funding and outlined the applications
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September 19, 1995
COMMUNITY received, the amount requested and the funding
DEVELOPMENT level recommended as follows:
BLOCK GRANT
CAPITAL/PLANNING & ADMINISTRATION
Capital/Planning Recommended
Applications Received Amount Requested Funding Level
Children's Home Society $60,000 $39,373
Acquisition
Children's Therapy Center $12,750 $0
Weatherization
City of Kent $180,000 $180,000
Home Repair Services Prg
City of Kent, Parks & Rec. $30,000 $0
Renovate Park - Tot Lot #4
City of Kent Planning & $40,365 $40,365
Administration
Easter Seals of Washington $28,462 $15,500*
Access Modification Rehab
Highline Community College $5,813 $0
Child Care Center - play equip.
Highline Community College $24,335 $20,600
Child Care Center - kitchen
Kent Youth and Family Services $31,724 $0
Watson Manor renovation
MHCP $30,000 $21,600
Paradise Mobile Home Park - rehab
TOTAL $453,449 $317,438
HUMAN (PUBLIC SERVICES)
Human (Public) Services
Applications Received Amount Requested Funding Level
Community Health Centers of $25,000 $11,594
King County, Kent Clinic
Emergency Feeding Program $8,507 $7,734
of Seattle-King County
Kent School District $15,250 $5,000
Futures Club
YWCA of Seattle-King County, $29,000 $23,595
Domestic Violence Housing
TOTAL $77,757 $47,923
'The Easter Seals allocation of$15,500 includes$5,455 in unspent 1993 and 1994 CDBG funds
that Kent had allocated to Easter Seals in those years. Kent is now recapturing those funds and
reallocating this money to Easter Seals in 1996.
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September 19, 1995
COMMUNITY CONTINGENCY PLAN:
DEVELOPMENT If Kent's CDBG capital dollars increase from the current
BLOCK GRANT estimate then:
1st The increase will be first allocated to Highline
Community college's Kitchen renovation project up to
its full request (for a maximum additional allocation
of $3,735) .
2nd The next $5,000 will be allocated to the Parks
Department project (Note: $5,000 is the minimum a
CDBG project can receive, therefore, since the Parks
project has $0 allocated in the proposed program the
project needs to receive at least $5,000 from the
contingency plan) .
3rd Any additional capital dollars after these two
allocations will be split evenly between the Parks
project and MHCP up to their full request.
4th In the remote possibility that the City receives
additional capital dollars that are not absorbed by
the aforementioned projects, these dollars will be
allocated to the Home Repair Program.
However, if after the Highline Community College's Kitchen
project receives its full request there is not enough of an
increase to allow an allocation of $5,000 to the Parks pro-
ject (Note $5,000 is the minimum allocation a CDBG project
can receive) then the remaining increase in CDBG dollars
will be allocated to MRCP.
If Kent's CDBG capital dollars decrease from the current
estimate, then the decrease will be split evenly between
the Children's Home Society and MHCP.
With either an increase or decrease in Kent's CDBG human
services dollars, the change will be split evenly between
the Health Center and the YWCA.
Mayor White declared the public hearing open.
Mariah Ybarra, P.O. Box 881, Kent, Regional
Director for the YWCA programs, thanked the Mayor
and Councilmembers for their support and noted
that funds provided for Anita Vista transitional
housing have made a huge difference in the lives
of 12 women and 25 children in Kent during the
first half of this year. Joyce Nickels of the
Manufactured Housing Community Preservationists
noted that they own the Paradise Mobile Home Park
on North Washington, and that the funds requested
would be used to rehabilitate the house that
exists at the park. She explained that that unit
would then be rented to a low income family. She
noted that 40 households in that park would be
served, 15 of which are low income senior
citizens. She expressed appreciation for the
support, and commended the staff. Peg Mazen,
Children's Home Society, invited the Mayor and
Council to visit their facility and thanked the
Commission and staff for the work they have done.
She agreed that the staff is outstanding.
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September 19, 1995
COMMUNITY Laurie Sorenson and Pete Babbinaton, Highline
DEVELOPMENT Community College, explained that their request
BLOCK GRANT is for funds to upgrade their kitchen, which
would allow them to provide hot food and two
meals a day at their child care center. He said
they would then be able to take advantage of
other grants, which they could not do without the
kitchen. He explained that many people using the
community college child care center need to get
off public assistance and the children need hot
meals. Babbington noted that funds are also re-
quested from other cities, including Des Moines.
Arthur Lee, P. O. Box 18145, Seattle, Emergency
Feeding Program, expressed appreciation for past
support and said their program emphasizes nutri-
tion and diet. He explained that various types
of boxes are prepared for special needs.
There were no further comments from the audience
and WOODS MOVED to close the public hearing. Orr
seconded and the motion carried. ORR MOVED to
adopt the 1996 Community Development Block Grant
Program, including the contingency plans for
estimated entitlement changes, as recommended by
the Planning Committee. Woods seconded. Orr
noted that with the number of requests received
and the amount of funding available, making de-
cisions was not easy, and she commended the staff
and the Commission for their efforts. The motion
then carried.
BUSINESS (PUBLIC HEARINGS - ITEM 2A)
LICENSES Adult Entertainment Moratorium Extension. During
1994, the City of Kent was involved in litigation
regarding adult use entertainment. As a result
of the order of the U. S. District Court, the City
must amend its zoning code to provide reasonable,
alternative sites for adult entertainment busi-
nesses. Pending a review of the necessary zoning
change, the City adopted Ordinance No. 3185 which
instituted a six month moratorium on the accep-
tance of permit applications and the issuance of
permits for adult use businesses. The City has
completed the public hearing process before the
Planning Commission, however, the six month
moratorium expired before the zoning code amend-
ment process could be completed. Therefore, the
moratorium was extended for an additional six
month term. The Planning Committee is now sche-
duled to deliberate the issue prior to bringing
the issue before the full Council for action
on December 12 , 1995. Because the existing
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September 19, 1995
BUSINESS moratorium will expire prior to that date, the
LICENSES moratorium would be extended to January 15, 1996
or until the effective date of any ordinance
establishing new land use regulations governing
the location of adult entertainment businesses,
whichever is sooner.
The City Attorney explained that this is neces-
sary due to the need for a 30-day enactment
period on ordinances. He clarified that this is
in regard to zoning.
Mayor White opened the public hearing. There
were no comments from the audience and WOODS
MOVED to close the public hearing. Orr seconded
and the motion carried. ORR THEN MOVED to adopt
Ordinance No. 3242 which specifically makes
certain findings regarding adult entertainment in
the City of Kent and establishes an extension of
a land use moratorium on the issuance of permits
and the acceptance of applications for permits
for adult use facilities. Woods seconded and the
motion carried. WOODS MOVED to make a letter on
this issue from Cheryl Johnson a part of the
public record. Orr seconded and the motion
carried.
COMPREHENSIVE (CONSENT CALENDAR - ITEM 3D)
PLAN Comprehensive Plan Emergency Declaration for
Meridian Annexation Area. ADOPTION of Resolution
No. 1445 declaring an emergency pursuant to Kent
City Code Chapter 12 . 02 to pursue a Comprehensive
Plan Amendment for the Meridian Annexation
area in conjunction with the initial annexation
zoning, as recommended by the Planning Committee.
The Growth Management Act allows comprehensive
plans to be amended once a year except in an
emergency. This measure would allow the City to
process the comprehensive plan amendments for the
Meridian annexation area separate from other
comprehensive plan amendments. The Planning
Committee recommends adoption of a resolution
declaring an emergency to pursue a Comprehensive
Plan Amendment for the Meridian Annexation area
in conjunction with the initial annexation
zoning.
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September 19, 1995
PUBLIC SAFETY (OTHER BUSINESS - ITEM 4D)
(ADDED ITEM)
North Park. Wayne Thueringer, 858 1st Avenue
North, said that in the last three months there
has been a problem with homeless people living on
vacant private property in the area. He ex-
plained that these people panhandle, litter, and
engage in lewd behavior. He also noted that
there are frequent calls for police and aid, and
asked what could be done. Mayor White noted
that this problem is widespread and that Code
Enforcement and Police officers attempt to deal
with it. Bennett added that this was discussed
at the Public Safety Committee meeting today and
that the Attorney' s Office is working on it.
The Mayor suggested that Thueringer meet with
Assistant City Attorney Brubaker.
COUNCIL (CONSENT CALENDAR - ITEM 3I)
Council Absence. APPROVAL of an excused absence
from the September 19 , 1995 City Council meeting
for Councilmember Christi Houser. She will be
out of town and unable to attend.
APPOINTMENTS (CONSENT CALENDAR - ITEM 3E)
Arts Commission Appointment. CONFIRMATION of the
Mayor' s appointment of JoAnn Schaut to serve as a
member of the Kent Arts Commission. Ms. Schaut
is a Kent resident and recently retired from
Boeing. She currently works in property manage-
ment and unlawful detainers. She is a volunteer
with the Bellevue Probation Department and enjoys
the theater, arts and crafts, and classical
music. Ms. Schaut will replace Bev Domarotsky,
who resigned, and her term will continue to
10/31/95.
(CONSENT CALENDAR - ITEM 3H)
Kent Transit Advisory Board Appointment.
CONFIRMATION of the Mayor' s appointment of Dudley
Jackson to serve as a member of the Kent Transit
Advisory Board. Mr. Jackson is a Kent resident
and manages a retail establishment at SeaTac
Mall. He does not own a car and is completely
transit dependent. He has a thorough knowledge
of the METRO transit system and will provide an
excellent source of information from a user' s
perspective. Mr. Jackson will replace Mike
Skehan, who resigned, and his appointment will
become effective immediately and will continue to
4/30/97 .
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September 19, 1995
PARKS & (CONSENT CALENDAR - ITEM 3C)
RECREATION Riverbend Golf Complex Restroom Project.
ACCEPTANCE of Riverbend Golf Course Restroom
Project as complete, and release of retainage to
MDM Construction, upon receipt of State releases.
FIRE DEPARTMENT (BIDS - ITEM 5A)
Fire Engine/Aid Apparatus. This is the second
bidding process to replace two Fire Engine/Aid
Apparatus, which are being replaced in accordance
with the approved Apparatus Replacement Program.
The City received three bids on the apparatus.
One bid was from Emergency One in the amount of
$283, 752 . 00 for each apparatus, the second was
from Smeal Fire Apparatus in the amount of
$278, 960. 00 for each apparatus, and the third
was from Boise Mobile Equipment in the amount of
$269, 544.40 each. All bidders took exceptions to
the specifications. The low bidder, Boise Mobile
Equipment meets the specifications with the
fewest exceptions. Chief Angelo noted that this
represents a savings of $112, 911. 00 over the
first bid. BENNETT MOVED that the bid for the
fire engine/aid apparatus be awarded to Boise
Mobile Equipment in the amount of $539, 088.80,
for two fire engine/aid apparatus, which does not
include Washington State sales tax, and that the
Mayor be authorized to sign a contract after
approval as to form by the City Attorney. Woods
seconded and the motion carried.
LITTLE LEAGUE (OTHER BUSINESS - ITEM 4B)
(ADDED ITEM)
Steel Lake Little League. Mary Standfill, 4603
Fenwick Court, explained that she represents the
Steel Lake Little League and wants to put on
public record the impact of the pending loss of
the five Little League and one Big League fields.
She noted that the Steel Lake Little League has
been using the present facilities for the past 25
years, but during a lawsuit over the landfills
in 1990 the property was sold to the City of
Seattle. She explained that in December 1995 the
lease will be terminated and that almost 700
children between the ages of 5-18 years will no
longer have a place to participate in baseball.
She noted that it would be in the best interest
of the citizens and government to aid them in
continuing to provide this opportunity to the
young people. She requested support from the
City in their endeavor to purchase the property
and noted that the project is funded by dedicated
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September 19, 1995
LITTLE LEAGUE volunteers and sponsors. She noted that in a
letter dated August 30, 1995 from Mayor Rice,
which Mayor White was sent a copy of, he
indicated that he is willing to work with the
officials of any jurisdiction affected by this
action. She noted that the recently adopted
Comprehensive Plan which has changed the zoning
of the property from SF-1 to SF-3 has, in effect,
put the price of that property out of reach for
them to purchase. She also noted that Mayor Rice
states that "it would be inappropriate for the
City of Seattle to unilaterally take any step
that would violate the City of Kent's Compre-
hensive Plan. " She requested Council's help and
asked that the Planning Department look at the
possibility of restructuring the zoning to leave
their 3 parcels at SF-1 and compensate the re-
mainder of the zoning to the surrounding parcels
which would allow the City of Seattle to still
get the best profit out of the remainder of the
property and leave the League in tact.
Mayor White noted that he has had discussions
with the City of Seattle and that they want to
sell all 200 acres of the property but don't want
to break it up, and that extensive negotiations
would have to take place. Ms. Standfill
noted
that the letter from Mayor Rice suggests
that
they will be willing to look at a generous offer
or a comparable offer and that a second offer is
on the table right now. Mayor White also noted
that the City of Seattle is asking $7 . 1 million
for this property. He assured Ms. Standfill that
his office would be in contact with her and that
the Parks Department staff will discuss this
item.
Mayor White noted that he has had a number of
discussions with a group of realtors who are
backers of the Steel Lake Little League and are
interested in volunteering their time and effort.
He stated that this is a legitimate situation and
that the City needs to keep working with the
League on it.
FINANCE (CONSENT CALENDAR - ITEM 3B) ent of the
Approval of Bills. APPROVAL of paym
bills received through August 31 and paid on
August 31, 1995 after auditing by the Operations
Committee on September 13 , 1995 .
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September 19, 1995
FINANCE Approval of checks issued for vouchers:
Date Check Numbers Amount
CORRECTED REFER TO 8/31/95 159022-159851 $1, 644,477. 18
MINUTES OF
Approval of checks issued for Payroll for
August 16 through August 31, 1995 and paid on
September 5, 1995:
Date Check Numbers Amount
9/5/95 Checks 205828-206161 $ 266, 976. 13
Advices 27104-27506 507 ,991.42
$ 774,967.55
(CONSENT CALENDAR - ITEM 3G)
Workshop and Continued Public Hearing on CIP.
APPROVAL of October 3rd as the date for a Council
Workshop on the 1996-2001 Capital Improvement
Plan, and October 17th as the date for continua-
tion of the public hearing, with possible adop-
tion at the close of the hearing.
The Capital Improvement Plan includes all
capital, revenue and expenditures for the next
six years for the General Government as well as
for the Water, Sewer, Drainage and Golf Course
funds. A public hearing was held on August 1st
and was continued.
(OTHER BUSINESS - ITEM 4A)
Investment Policy. Since the Orange County
investment losses in California, much attention
has been focused on updating investment policies
to protect cities against these kind of losses.
The proposed policy is the first Comprehensive
Investment Policy for the City of Kent and covers
recommended items for safeguarding the City's
investments. The Council is asked to approve the
policy in its present form as set forth in the
draft ordinance. The policy will then be for-
warded to the Municipal Treasurer's Association
for final certification. Following Certification,
the ordinance and any proposed modifications will
be submitted to the Council for final action.
Finance Director May Miller explained that the
old policy was a very vague statement saying that
the City will follow the state laws, that the
Finance Director can do investments, and not much
was prohibited except for mutual funds. She
noted that the City of Kent has been working on a
policy that would be very specific and establish
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September 19 , 1995
FINANCE new priorities. She explained that the priori-
ties are: 1) to safeguard the City's investments;
2) to provide the cash flow needed to pay the
employees and pay construction bills; and 3) to
look at the yield. She noted that this policy
offers guidance, requires a safekeeping of the
investments, requires a new reporting criteria,
states the maturity ranges and the liquidation
process, talks about how to select brokers and
requires the brokers to read a statement and
agree that they will not sell the City any
illegal investments. She further noted that
this policy excludes specific investment types
that are currently allowed at the State level
such as repos, derivative based investments
unless they are at the very highest quality and
are callable investments, and prohibits specula-
tion and borrowing to invest. Miller explained
that it establishes an advisory committee which
will meet quarterly and report what the invest-
ment types are, who the brokers are, and what the
returns are. She noted that an added benefit to
this policy is that when bonds are sold, the City
will have an official policy. She explained that
the last step will be to have it certified at
the federal level by the Municipal Treasurer's
Association.
JOHNSON MOVED to adopt the proposed Comprehensive
Investment Policy subject to final certification
by the Municipal Treasurer's Association of the
United States and Canada, after which the policy
with recommended changes will be submitted to the
Council for final action. Orr seconded and the
motion carried.
REPORTS Council President. Woods reminded the Council
and citizens that there will be an Open House at
City Hall on Saturday, September 23 , from noon to
3 : 00 p.m.
Operations. Johnson noted that the Committee will
meet at 9: 30 a.m. on Wednesday, September 27.
Planning. Orr noted that the Committee will meet
at 4 : 00 p.m. on October 3rd.
Administrative Reports. Fire Chief Angelo noted
that a fire sprinkler trailer will be at the Open
House and invited Councilmembers to participate
in a demonstration. He also reported on a major
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September 19, 1995
REPORTS incident on SR 167 today which involved 32 people
and resulted in one fatality.
EXECUTIVE At 8: 25 the City Attorney announced an executive
SESSION session of 10-15 minutes on property acquisition.
ADJOURNMENT The meeting reconvened and adjourned at 8:40 p.m.
Brenda Ja ob , CMC
City Cler
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