HomeMy WebLinkAbout2014-09-16 Finance and Safety Minutes
City of Tukwila
Finance and Safety Committee
FINANCE AND SAFETY COMMITTEE
Meeting Minutes
S eptember 16 , 201 4 5: 30 p.m .; Hazelnut Conference Room
PRESENT
Councilmembers: Verna Seal , Chair ; Joe Duffie, Kathy Hougardy
Staff: Vicky Carlsen, Derek Speck, Katherine Kertzman, L aurel Humphrey
C ALL TO ORDER :
Committee Chair Seal called t he meeting to order at 5: 3 5 p.m.
I. PRESENTATIONS
No presentations.
II. BUSINESS AGENDA
A.
L ease Agreement: Visitor Information Center at Westfield S o uthcenter
Staff is seeking Council approval for the Mayor to sign a lease renewal with Westfield
Southcenter for the continued opera tion of the satellite visitor center through June 30, 2015 .
The visitor center began operation in October 2013 and has proven to be a beneficial location
to travelers and for Seattle So uthside Visitor Services. O p eration of the visitor center costs
around $ 10,000 per month, funding for which comes from lodging tax for the duration of the
U NANIMOUS APPROVAL. FORWARD
lease. T he lease itself costs a nominal $1 per year.
TO SEPTEMBER 22, 2014 COMMITTEE OF THE WHOLE AND SPECIAL MEETING
CONSENT AGENDA .
B.
A greement: Shuttle Services for S eattle Southside Visitor Services
Staff is seeking Council ap proval to re enter into a contract with Miller Schmer, Inc., (doing
City of SeaTac to Westfield Southcenter in Tukwila at a rate of $10,000 per month. Seattle
So uthside Visitor Services (SSVS) has been providing this free shuttle service to hotel guests
for over 1 3 years. As the administrator of SSVS, Tukwila contracts the services with Seattle
Express and the City of SeaTac lodging tax fund reimburses 100% of th e cost. Seattle Express
delivered more than 28,000 individuals to Westfield Southcenter in 201 3 , resulting in an
estimated $4,311,900 in visitor spending. A competitive bid process is not feasible for this
contract since Seattle Express has an Auto Transpo rtation Certificate granting them the sole
UNANIMOUS APPROVAL. FORWARD TO OCTOBER
right to provide this service in our area.
6 REGULAR CONSENT AGENDA .
nd
C.
2 014 2 Quarter Cash and Investment Re port
Staff reviewed the 2nd Quarter Cash and Investment Report for 2014, including information on
ortfolio components, performance, policy compliance and liquidity analysis, fund
cash and investment balances, and investment environment . At J une 30 , 2014, the portfolio
t otaled $ 47.1 million c ompris ing $37.2 million in cash and cash equivalents and $ 1 0.0 in longer
term investments. This represents a $ 2 .4 million incr e ase from the March 31, 2014 balance,
nd
INFORMATION ONLY.
attributable to the collection of property taxes in the 2 quarter .
Finance & Safety Committee Minutes S eptember 16 , 2014 Page 2
nd
D.
2 014 2 Quarter Sales Tax and Miscellaneous Revenue Report
nd
Staff presented the 2014 2 Quarter Sales Tax and Miscellaneous Revenue Report. Sales tax
revenues are down by $ 5 4,000 below the same period in 2013 , and new construction sales tax
was $ 1 55 ,000 lower. The City has collected $ 5 68,606 in sales tax mi tigation as of J une 30 2014.
This is 47 % of the annual mitigation budget. The C ommittee requested that future reports
INFORMATION ONLY.
include information abo ut liquor tax revenue .
III. MISCELLANEOUS
Meeting adjourned at 5 :55 p.m .
Next meeti ng: Tuesday, October 7 , 2014 5:30 p.m. Hazelnut Conference Room
Committee Chair Approval
Minutes by LH