HomeMy WebLinkAboutReg 2011-10-17 Item 5C - Interlocal Agreement - Loan and Repayment Terms with Tukwila Metropolitan Park District for $1.1 MillionCO UNcm AGENDA SYNOPSIS
Initials ITEM NO.
Meetin_a Date Prepared by Mayor's review Council review
10/10/11 PM
10/17/11 PM 5 .C.
ITEM INFORMATION
CAS NUMRL;R: S "rAFF SPONSOR: PEGGY MCCARTHY OIZIGIN,aI_ AGI�NDA DA"rl_ 10/10/11
AGi?NDA I rr ",m Trri x City of Tukwila Tukwila Metropolitan Park District Interlocal Agreement for Loan
and Repayment
C. \'ll?GOR1" Discussion Motion Resolution Ordinance BidAzvard Public Other
A7tg Dote 10/10/11 Aft Date 10/17/11 Alt Date 1�tg Date Mtg Date t1ltg Dote A2tg Dote
SPONSOR Council Mayor HR DCD Finance .Fire IT P6-'R Police PIS'
SPONSOR'S The Interlocal agreement documents the loan and repayment terms for the operating loan
between the City and the Tukwila Metropolitan Park District. The operating loan is not to
exceed $1.1 million.
RI? \'II ;WED By cow Mtg. CA &P Cmte F &S Cmte Transportation Cmte
Utilities Cmte Arts Comm. Parks Comm. Planning Comm.
DATE: 10/4/11 COMMITTEE CHAIR: HOUGARDY
RECOMMENDATIONS:
SPONSOR/Ai)MIN.
COMm "rTFE Unanimous Approval; Forward to Committee of the Whole
COST IMPACT FUND SOURCE
ExPr! ;NDITURF, Ri- HQUIRED AMOUNT BUDGETED APPROPRIATION REQUIRED
$1,100,000 $0 $1,100,000
Fund Source: 000
Com,nent,s. Approx $520K of 2011 pool budget remains comprised of $404K for capital improvments
(p318 of budget book) and $116K of unutilized revenue /subsidy from general fund (p. 117 budget book)
MTG. DATE I RECORD OF COUNCIL ACTION
10/10/11 iF nrward to next Regular Me etina_
MTG.DATEI ATTACHMENTS
10/10/11 I Informational Memorandum dated 9/28/11
Draft Interlocal Agreement
Loan Amortization Schedule
Resolution 1746
Minutes from the Finance and Safety Committee meeting of 10/4/11
10/17/11 No attachments
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