HomeMy WebLinkAbout2007-06-18 Finance and Safety Minutes City of Tukwila
Q o Finance Safety Committee
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FINANCE AND SAFETY COMMITTEE
Meeting Minutes
June 18, 2007- 5: 00 p.m.
PRESENT
Councilmembers: Jim Haggerton, Chair; Joan Hernandez and Dennis Robertson
Staff: Kevin Fuhrer and Kimberly Matej
CALL TO ORDER: Committee Chair Haggerton called the meeting to order at 5:03 p.m.
I. PRESENTATIONS No presentations.
H. BUSINESS AGENDA
A. Amendment to Lease Agreement with Timothv O'Brien
Kevin reported that staff is requesting an 18 month extension of the current lease of the building space
which houses the City's Neighborhood Resource Center (NRC) located at 14661 Tukwila International
Boulevard. The current lease expires June 30, 2007, and will be extended to December 31, 2008, upon full
Council approval. Rent is currently $1,400 per month and will remain as such. There are no other changes to
the contract. Staff is requesting forwarding the agreement to tonight's Regular Meeting due to the contract
expiration date.
After a brief discussion, the Committee felt it may be worthwhile at some point to visit the recently opened
Des Moines Police Department Substation/Neighborhood Resource Center located at Safeway Plaza
(Highway 99 and 272 UNANIMOUS APPROVAL. FORWARD TO JUNE 18 REGULAR
MEETING.
B. Mav Sales Tax Report
Kevin discussed the sales tax report that he submitted to the Committee. Changes that Dennis recommended
at the last sales tax report update were incorporated, and the Committee was complimentary of the three
year comparison.
Kevin noted the increase amount of sales tax collected for March, but attributed it almost solely to sales tax
collected on new construction activities.
The Committee briefly discussed the streamlined sales tax issue. Kevin explained that the Department of
Revenue has not yet determined mitigation. The first mitigation distribution is expected to be December 31,
2008 for the first effected quarter (streamlined sales tax goes into effect July 1, 2008). Currently, the
revenue receipts are two months behind, and it would not be inaccurate to expect the receipts to be three
months behind with the implementation of streamlined sales tax. Due to the potential impacts of the
streamlined sales tax, the Committee felt that it may be helpful to take a look at the City's bonding capacity
and debt service in order to make conservative budget estimates. Additional discussion ensued regarding
property tax limits and the potential value of undeveloped areas. INFORMATION ONLY.
M. ANNOUNCEMENTS No announcements.
W. MISCELLANEOUS Meeting adjourned at 5:41 p.m.
Next meeting: Monday, July 2, 2007 5:00 p.m. —Conference Room 3
Committee Chair Approval
Minutes by KAM. Review by KF.