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City of Tukwila <br />City Council Finance & Governance Committee <br />Meeting Minutes <br />March 27, 2023 - 5:30 p.m. - Hybrid Meeting; Duwamish Conference Room & MS Teams <br />Councilmembers Present: <br />Staff Present: <br />I. BUSINESS AGENDA <br />Kathy Hougardy, Acting Chair; De'Sean Quinn, Cynthia Delostrinos <br />Johnson <br />Vicky Carlsen, Tony Cullerton, Brandon Miles, Rachel Bianchi, <br />David Cline, Griffin Lerner <br />A. Financial Considerations - Annexation into the Puget Sound Regional Fire Authority <br />Staff provided an overview of financial considerations, including taxing capacity, of <br />annexation. The current six-year plan does forecast a reduction of City property taxes, yet the <br />details are the responsibility of the 2024 City Council to determine with input from the financial <br />sustainability community advisory group. <br />Committee Recommendation <br />Discussion only. Forward to April 3, 2023 Regular Meeting. <br />B. Capital Facilities Financing Update <br />Staff presented an updated memo reflecting additional information requested by the <br />Committee. <br />Item(s) for follow-up: <br />• Emphasize conditions such as deed restriction on former Fire Station 52 <br />Committee Recommendation <br />Discussion only. <br />MISCELLANEOUS <br />The meeting adjourned at 6:28 p.m. <br />KJH <br />Committee Chair Approval <br />