HomeMy WebLinkAboutRes 1071 - Policy for Use of Facility Replacement Fund JI I 1908
CITY OF TUKWILA
WASHINGTON
RESOLUTION NO. 1071 A RESOLUTION OF THE CITY OF TUKWILA, WASHINGTON,
SETTING FORTH A POLICY FOR ESTABLISHING AND USE OF
A FACILITY REPLACEMENT FUND.
WHEREAS, Ordinance #14W, passed December 21, 1987, established a new
302 Fund for Facility Replacement, and
WHEREAS, the City Council recognizes the need to replace, purchase,
expand or build City facilities when necessary, and
WHEREAS, the Council intends that Fund 302 be used for major building
projects rather than for normal preventive maintenance.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON,
DO RESOLVE AS FOLLOWS:
1. Fund 302 can be used to purchase or build replacements for our
City buildings and to purchase land on which to site those replacement
buildings.
2. The Fund can also be used to expand, enlarge or reconstruct
current or replacement buildings when those improvements exceed $100,000.
3. Existing facilities which serve as examples of the types of faci-
lities for which Fund 302 monies can be spent include City Hall, Fire Stations
51 and 52, the Community Center, Public Works Administration and Maintenance
Facilities, and the Library.
4. An actuary study should be commenced to determine the value of
these existing facilities and to establish the appropriate funding level of
Fund 302.
5. The City Council can vote to use other funds or use this fund
alone or in conjunction with other funds to build major facilities.
PASSED BY THE CITY COUNCIL OF THE CITY OF T WASHINGTON, at a
regular meeting thereof this o2 day of `6'/ 1988.
Mabel J. Har)ys, Council President
Approved as to Form Attest /Authenticated
Off of the ity At orney y�
Maxine Anderson, City Clerk
Filed with the City Clerk:
Passed by the City Council:
Resolution No. /o,7/