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HomeMy WebLinkAboutOrd 2022 - 2003 Budget Amendment - Tukwila Village and Foster Golf ClubhouseCity of Tukwila Washington Ordinance No. a Q al A AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, AMENDING THE 2009 BUDGET ADOPTED BY ORDINANCE NO. 2008, PROVIDING FOR BUDGET TRANSFERS BETWEEN THE ARTERIAL STREET FUND AND THE FACILITIES FUND; INCREASING THE FOSTER GOLF COURSE BOND PROCEEDS AND CLUBHOUSE BUDGET; PROVIDING FOR BOND PROCEEDS FOR ARTERIAL STREET IMPROVEMENTS; PROVIDING FOR SEVERABILITY; AND ESTABLISHING AN EFFECTIVE DATE. WHEREAS, the City will utilize bond proceeds for certain arterial street projects; and WHEREAS, additional funds are required for the Tukwila Village project other than bond proceeds, which would have been taxable bonds; and WHEREAS, the City desires to increase the funding available for the Foster Clubhouse project; and WHEREAS, a bond issue in 2003 will provide for the planned expenditures as detailed in Resolution No. 1514, dated February 18, 2003 and Resolution 1523, dated May 27, 2003; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, DO ORDAIN AS FOLLOWS: Section 1. The following program categories in the 2003 budget, as adopted by Ordinance No. 2008, are hereby amended to read as follows: ARTERIAL STREET FUND —104 Revenues: G.O. Bond Proceeds 391 100 $3,280,000 Expenditures: Debt Issuance Cost .............................02 592 190 84 130,000 Transfers -Out Facilities .............................02 597 192 00 3,150,000 Total Expenditures (Net) 3.280.000 FACILITIES FUND 302 Revenues: G.O. Bond Proceeds 391 100 <2,450,000> Proceeds Sale of Fixed Assets 395 100 <700,000> Transfers -In Arterial Street 397 192 3,150,000 Total Revenues (Net) FOSTER GOLF COURSE FUND 411 Revenues: G.O. Bond Proceeds 382100 770.000 Expenditures: Debt Issuance Cost 592 760 84 Clubhouse Replacement 594 760 60 TotalExpenditures Section 2. The planned Arterial Street expenditures include: a. Capital Overlay projects. b. South 144th (42nd Avenue South to Military Road). C. Tukwila International Boulevard project. 120,000 650,000 5770.000 Budget Amendment 2003 6119103 1 Section 3. Ordinance No. 2008 is hereby amended by revising the summary of totals of estimated revenues and appropriations and the aggregate total to reflect the foregoing increases in revenues and appropriations as set forth in Section 1 of this ordinance. Section 4. The Finance Director is hereby authorized and instructed to effectuate the necessary changes in the 2003 budget, and to make all necessary and appropriate line item entries and adjustments in order to reflect the increases to revenues and appropriations as set forth in this ordinance. Section 5. Severability. If any section, subsection, paragraph, sentence, clause or phrase of this ordinance or its application to any person or situation should be held to be invalid or unconstitutional for any reason by a court of competent jurisdiction, such invalidity or unconstitutionality shall not affect the validity or constitutionality of the remaining portions of this ordinance or its application to any other person or situation. Section 6. Effective Date. This ordinance or a summary thereof shall be published in the official newspaper of the City, and shall take effect and be in full force and effect five (5) days after passage and publication as provided by law. ATTEST/AUTHENTICATED: J e E. Cantu, CMC, City Clerk PASSED BY THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, at a Meeting thereof this _25 day of l J 2003. APPROVED AS TO FORM BY: Office o the City y torney Steven M. Mullet, Mayor Filed with the City Clerk: to 9=4 3 Passed by the City Council: 3 3 Published: 6 7 D �3 Effective Date: 7 —4 D 3 Ordinance Number: 02 02 o? Budget Amendment 2003 6/19/03 2 SUMMARY OF ORDINANCE No. 2022 City of Tukwila, Washington On June 23, 2003, the City Council of the City of Tukwila, Washington, adopted Ordinance No. 2022, the main points of which are summarized by its title as follows: An ordinance of the City Council of the City of Tukwila, Washington, amending the 2003 Budget adopted by Ordinance No. 2008, providing for budget transfers between the Arterial Street Fund and the Facilities Fund; increasing the Foster Golf Course bond proceeds and clubhouse budget; providing for bond proceeds for arterial street improvements; providing for severability; and establishing an effective date. The full text of this ordinance will be mailed upon request. Approved by the City Council at their Special Meeting of June 23, 2003. Jane E. Cantu, CMC City Clerk Published: Seattle Times June 27, 2003,_j2.