HomeMy WebLinkAboutReg 2012-11-19 Item 4G - Interlocal Agreement - Bonding for Capital Improvements with Tukwila Metropolitan Park DistrictCOUNCIL AGENDA SYNOPSIS
Initials
Meetin Date
Prepared b
Mg or's review
Council review
11/13/12
PMC
Resolution
Mtg Date
Ordinance
Mtg Date
11/19/12
PMC
Other
Mtg Date
SPONSOR Council Mayor HR DCD Finance Fire IT P&R Police PW
SPONSOR'S City Council is being asked to approve an interlocal agreement with the Tukwila
SUMMARY Metropolitan Park District for repayment of a $1 million loan, proceeds of which would be
obtained by the City through issuance of bonds.
REVIEWED BY COW Mtg. CA &P Cmte F &S Cmte Transportation Cmte
Utilities Cmte Arts Comm. Parks Comm. Planning Comm.
DATE: COMMITTEE CHAIR:
RECOMMENDATIONS:
SPONSOR /ADMIN. Finance Department
COMMITTEE
COST IMPACT FUND SOURCE
EXPENDITURE REQUIRED AMOUNT BUDGETED APPROPRIATION REQUIRED
$1,100,000 $0 $1,100,000
Fund Source: METROPOLITAN PARK DISTRICT
Comments: Revenue backed expenditure; debt service paid by Tukwila Metropolitan Park District
MTG. DATE
RECORD OF COUNCIL ACTION
11/13/12
ITEM INFORMATION
ITEMNO.
4.G.
LAW
STAFF SPONSOR: PEGGY MCCARTHY
ORIGINAL AGENDA DATE: 11/13/12
AGENDA ITEM TITLE An interlocal agreement with the Metropolitan Park District for a $1 million loan and
loan repayment.
CATEGORY Discussion
Mt g Date 11113112
Motion
Mtg Date 11119/12
Resolution
Mtg Date
Ordinance
Mtg Date
Bid Award
Mtg Date
Public Hearing
Mtg Date
Other
Mtg Date
SPONSOR Council Mayor HR DCD Finance Fire IT P&R Police PW
SPONSOR'S City Council is being asked to approve an interlocal agreement with the Tukwila
SUMMARY Metropolitan Park District for repayment of a $1 million loan, proceeds of which would be
obtained by the City through issuance of bonds.
REVIEWED BY COW Mtg. CA &P Cmte F &S Cmte Transportation Cmte
Utilities Cmte Arts Comm. Parks Comm. Planning Comm.
DATE: COMMITTEE CHAIR:
RECOMMENDATIONS:
SPONSOR /ADMIN. Finance Department
COMMITTEE
COST IMPACT FUND SOURCE
EXPENDITURE REQUIRED AMOUNT BUDGETED APPROPRIATION REQUIRED
$1,100,000 $0 $1,100,000
Fund Source: METROPOLITAN PARK DISTRICT
Comments: Revenue backed expenditure; debt service paid by Tukwila Metropolitan Park District
MTG. DATE
RECORD OF COUNCIL ACTION
11/13/12
Forward to the next Regular Meeting
MTG. DATE
ATTACHMENTS
11/13/12
Informational Memorandum dated 11/07/12 regarding interlocal Agreement
Interlocal Agreement
Informational Memorandum dated 11/1/12, modified 11/7/12 regarding Bond Issuance
11/19/12
No attachments
LAW