HomeMy WebLinkAbout1877Resolution No. 1877
(Amending or Repealing Resolutions)
Fund SE 256th Street Improvements
Passed-7/16/2013
The date ["Beg1nn1ng July 1, 1998"] has led to confus1on Th1s date Will be deleted from cover sheets of
ord1nance/resolut1on reVISIOn pages Th1s cover sheet w1ll be deleted on electronic pages only, no other
deletions or changes have been made to the document-6/21/2012
RESOLUTION NO. / 3 77'
A RESOLUTION of the City Council of the
City of Kent, Washmgton, relatmg to fundmg the
construct1on of Improvements to S. E. 256th Street,
authonzmg expenditure of funds from the c1ty's
busmess and occupation tax account to complete
those Improvements, and conf1rmmg that all
current and future transportation Impact fee
revenues shall be transferred to the City's busmess
and occupation tax account unt1l the total amount
expended from the busmess and occupation tax
account to complete construct1on of the c1ty's S. E.
256th Street construction project IS completely
restored.
RECITALS
A. Southeast 256th Street between 116th Ave. SE and 104th
Ave. S.E. has been slated for reconstruction and Improvement for well over
two decades. The City of Kent recently was able to gather suff1c1ent funds
to construct the project, wh1ch has a total est1mated construction cost of
approximately $7 m1ll1on.
B. The c1ty mtended to fund approximately $2 m1ll1on of the total
construction cost from the format1on of local Improvement d1stnct (LID)
364. The counc1l formed the LID boundary, established and delivered
prel1mmary est1mates, and formed LID 364.
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Resolution
C. Property owners withm the LID boundary, by petition,
divested the city of jurisdiction over this LID, effectively termmatmg the
LID, eliminating that funding source, and leaving the S.E. 256th Street
proJect underfunded by approximately $2 million.
D. After extensive debate and deliberation, the city council
determined to fund the gap caused by divestiture of the LID, m part,
through expenditure of the city's business and occupation (B&O) tax
revenues, but only on the condition that any revenues expended from the
B&O account be restored by transfernng all current and future
transportation impact fee (TIF) revenues to the B&O account until the TIF
amounts transferred equal the total amount expended out of the B&O
account to construct the S.E. 256th Street project.
E. Accordmgly, the c1ty counCil conditioned its award of the S.E.
256th Street construction contract on the speCific cond1t1on that all current
and future TIF funds be transferred over to the B&O fund until all B&O
mon1es expended from that account to complete the proJect are fully
restored.
NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF KENT,
WASHINGTON, DOES HEREBY RESOLVE AS FOLLOWS:
RESOLUTION
SECTION 1. -The city council authorizes the expenditure of momes
from the c1ty's bus1ness and occupat1on account to fund the gap caused by
failure of LID 364 m order to complete construction of planned
improvements to S.E. 256th Street between 116th Ave. S.E. and 104th
Ave. S.E.
2 Funding S.E. 256th Street
Improvements
Resolution
SECTION 2. -The city council authonzes this funding from the
city's bus1ness and occupation tax account on the specific condition that all
revenues expended from the B&O account be restored by transfernng all
current and future TIF revenues to the B&O account until the TIF amounts
transferred equal the total amount expended out of the B&O account to
construct the S. E. 256th Street proJect.
SECTION 3. -Severability. If any section, subsection, paragraph,
sentence, clause or phrase of this resolution is declared unconst1tut1onal or
mvalld for any reason, such deCISion shall not affect the validity of the
remaming portions of th1s resolution.
SECTION 4. -Corrections by City Clerk or Code Reviser. Upon
approval of the City Attorney, the City Clerk and the code reviser are
authonzed to make necessary corrections to this resolution, Including the
correction of clencal errors; references to other local, state or federal laws,
codes, rules, or regulations; or resolution numbering and
sect1onjsubsect1on numbering.
SECTION 5. -Effective Date. This resolution shall take effect and
be in force immediately upon 1ts passage.
PASSED at a regular open public meeting by the City Council of the
City of Kent, Washmgton, th1s /b~ day of JdLY , 2013.
CONCURRED in by the Mayor of the City of Kent this /~ {.!-day of
~.t-Y , 2013.
3 Funding S.E. 256th Street
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Resolution
ATTEST:
APPROVED AS TO FORM:
I hereby cert1fy that this is a true and correct copy of Resolution No.
11'7"1 ~passed by the City CounCil of the City of Kent, Washmgton, the_
.;I. /6-day of July, 2013.
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