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<br /> <br /> <br />City of Tukwila <br /> <br />City Council Finance Committee <br /> <br /> <br /> <br />FINANCE COMMITTEE <br />Meeting Minutes <br />$?=?G<?L Ƕț ǴDzdzǺ ǷȜǵDz JȚGȚ (;T?FHON #IH@?L?H=? 2IIGț #CNS (;FF <br /> <br />Councilmembers: Chair; Dennis Robertson, Kate Kruller <br />Staff: David Cline, Peggy McCarthy, Vicky Carlsen, Bruce Linton, Derek Speck, Laurel <br />Humphrey <br />CALL TO ORDER: Chair Quinn called the meeting to order at 5:30 p.m. <br /> <br />I. PRESENTATIONS <br /> <br />II.BUSINESS AGENDA <br />A. Ordinances: Fire and Parks Impact Fees <br />Staff is seeking Council approval of two ordinances that would update the fire and impact fees. <br />The Code calls for an annual increase based on any increase to the Construction Cost Index for <br />Seattle published by the Engineering News Record. The CCI for Seattle June 2017 to June 2018 <br />was 7.1%. UNANIMOUS APPROVAL. FORWARD TO DECEMBER 10, 2018 SPECIAL CONSENT <br />AGENDA. <br /> <br />B. Sale of Longacres Parcel <br />Staff updated the Committee on the status of the potential sale of the Longacres parcel, <br />approximately 3 acres of vacant land adjacent to Longacres Way and the Sounder commuter rail <br />station. In March 2018 the City Council authorized the Administration to engage in a process to <br />receive offers and establish the minimum price for the sale of certain city-owned properties, <br />determined to be fair market value as established by an appraiser. In September 2018 the City <br />issued a Request for Proposals for the Longacres parcel and received three: $2,240,000 from <br />Alliance, $1,600,000 from Momentum, and $2,030,000 from Pulte. Kidder Mathews performed the <br />appraisal and concluded the market value is $1,560,000. All three proposals qualify, but Alliance <br />and Pulte only complete the purchase if they can also purchase the adjacent property. Staff will <br />update the full Council in Executive Session on Monday. DISCUSSION ONLY. <br /> <br />C. 2018 Finance Committee Work Plan <br />Committee members and staff discussed the work completed over the past year. Chair Quinn <br />will report out on Monday during a City Council year-end report. <br /> <br />III.MISCELLANEOUS <br />Adjourned at 6:07 p.m. <br /> <br /> Committee Chair Approval <br />-CHON?M <S ,( <br /> <br />