HomeMy WebLinkAbout2006-011 Downtown Redevelopment Initiative; Budget Amendment and Appropriations ORDINANCE NO 2006 -- 11
AN ORDINANCE amending the 2006 budget for the City of Yakima, and making an
appropriation of $55,000 within the 123 — Economic Development Fund
and $35,000 within the 161 — Downtown Parking and Business
Improvement Area Fund for expenditure during 2006 to provide for costs
related to the downtown redevelopment initiative
WHEREAS, the 123 - Economic Development Fund and 161- Downtown Parking and
Business Improvement Area Fund contain Unappropriated Fund Balances available for
appropriation and expenditures during 2006 in the amount of $55,000 within the 123 - Economic
Development Fund and $35,000 within the 161- Downtown Parking and Business Improvement
Area Fund to provide for costs related to the downtown redevelopment initiative, and
WHEREAS, at the time of the adoption of the 2006 budget the revenue funds for this
project were not known, and the City Council declares that an emergency exists of the type
contemplated by RCW 35 33 091 and that it is in the best interests of the City to make
appropriation herein provided, now, therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF YAKIMA.
Section 1 The amount of $55,000 is hereby appropriated from the Unappropriated Fund
Balance in the 123 - Economic Development Fund to Account 123 - 123 - 322 - 0000 - 55910 -410 titled
Professional Services, and the amount of $35,000 is hereby appropriated from the
Unappropriated Fund Balance in the 161- Downtown Parking and Business Improvement Area
Fund to Account 161-161-320-0000-55910-410 titled Professional Services, as a 2006
appropriation to provide for costs related to the downtown redevelopment initiative
Section 2. This ordinance is one making an appropriation and shall take effect
immediately upon its passage, approval and publication as provided by law and by the City
Charter
PASSED BY THE CITY COUNCIL, at a regular meeting a • signed a • approved this
21st day of March , 2006 , •
David Edler, Mayor
ATTEST
City Clerk
First Reading 3 - - 2006
Publication Date 3 -24 -2006
Effective Date 3 -24 -2006
Cje Downtown director ordinance 06 2/28/2006
BUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON _
AGENDA STATEMENT 2_ Item Noy
For Meeting Of March-7?
ITEM TITLE Report from Committee for Downtown Yakima regarding 2006 Downtown Renewal Work
Plan
A. Consideration of Resolution authorizing the negotiation and execution of an
amendment to the Committee for Downtown Yakima Management and
Promotional Agreement
B Consideration of Ordinance amending the 2006 budget and appropriating funds
for the City's contract with the Committee for Downtown Yakima consultant
services (read ordinance only at this meeting, second reading scheduled
3 21/06)
SUBMITTED BY lam Cook, Director of Community & Economic Development
CONTACT PERSON/TELEPHONE (509) 575 -6113
The City of Yakima entered into a Management and Promotion agreement (See attached) with the
Committee for Downtown Yakima per Council Resolution 2005 -71 This contract includes two phases
Phase I $75,000 grant to fund a temporary manager for up to 18 months to
develop the organization structure and raise matching funds for Phase II
Phase II $300,000 grant to match funds raised by the Committee for staffing and
operations of the non profit downtown management organization
The Committee for Downtown Yakima has completed Phase I in approximately six months, has
submitted their February annual report as agreed to in their contract with the City, and requests
Council's approval to proceed with Phase II and approve a budget of $165,000 in the 2006 City budget
for anticipated matching City funds to be spent this fiscal year [Please note, the 2006 City budget
already includes $75,000 for Phase II of this contract.]
A. Contract Amendment:
By the attached resolution we are requesting Council authority for the City Manager to negotiate and
execute an amendment to the 2005 agreement to clarify the "mechanics' of the disbursement of funds
under this new phase as the Committee hires staff and grows in size and complexity
Continued to next page
Resolution X Ordinance X Other (Specify)
Funding Source 123 - Economic opment Fund ($55,000) and 161 -PBIA fund ($35,000)
APPROVED FOR SUBMITTAL.
City Manager
STAFF RECOMMENDATION 1) Approve Resolution authorizing the City Manager to negotiate and
execute an amendments to the contract with the Committee for Downtown Yakima, 2) Read Ordinance
by title only at the March 7, 2006 meeting, Pass Ordinance after the second reading at the March 21,
2006 meeting
BOARD /COMMISSION RECOMMENDATION
COUNCIL ACTION First reading of ordinance, second reading scheduled 3 - 21 - 2006
Ordinance passed. ORDINANCE NO. 2006-11
B Appropriation of Funds
The attached ordinance increases the current appropriation by $55,000 in the Economic Development
Fund, and $35,000 in the Downtown Paring and Business Improvement Areas Fund This
appropriation is within the scope of the original commitments made for this downtown revitalization
initiative and together with the $75,000 currently budgeted will provide budget authority for the total
$165,000 requested by the Committee for Downtown Yakima