HomeMy WebLinkAbout2005-018 Wastewater Main Improvements; Cub Crafters; Budget Amendment and Appropriations ORDINANCE NO. 2005 --
AN ORDINANCE amending the 2005 budget for the City of Yakima; and making an
appropriation of $50,000 in the 476 - Wastewater Construction Fund to
construct Wastewater main improvements related to the expansion of
the Cub Crafters manufacturing, facility
WHEREAS, the amount of $50,000 must be appropriated within the 476 - Wastewater
Construction Fund for expenditure during 2005 to construct Wastewater main improvements
relating to the expansion of the Cub Crafters manufacturing facility; and
WHEREAS, the City of Yakima, Washington was awarded a $25,000 grant, and a
$25,000 construction loan from the Yakima County Supporting Investments in Economic
Development (SIED) Fund for this project; and
WHEREAS, at the time of the adoption of the 2005 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 OF YAKIMA, WASHINGTON
Section 1: The amount of $50,000 is hereby appropriated from the Un-
appropriated Fund Balance in the 476 - Wastewater Construction Fund to the following
accounts as a 2005 appropriation
Resources:
SIED Fund Grant 476 -476- 218 - 2113 - 33700 -ILG — $25,000
SIED Fund Loan 476 -476- 218 - 2113 - 39180 -COU — $25,000
Expenditures:
Wastewater Main Project 476476- 218 - 2113- 59435 -650 — $50,000
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, signed and approved this 5th day of
April, 2005
rZofi-dV
Paul P George, Mayor
A'1'1'
K .„„4
City Clerk
First Reading: 3 -22 -2005
Publication Date: 4 - 2005
Effective Date: 4 - 2005
BUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDA STATEMENT - --
Item No. 1-' iq
For Meeting Of March-227-2005
ogler, 1 5, zoos
ITEM TITLE. An Ordinance Amending the 2005 Budget and Making an
Appropriation in the 476 - Wastewater Construction Fund to
Construct Wastewater Main Improvements related to the Expansion of
the Cub Crafters Manufacturing Facility
SUBMITTED BY Bill Cook, Director of Community and Economic Development
Cindy Epperson, Financial Services Manager (T.
CONTACT PERSON /TELEPHONE. Cindy Epperson 575 -6070
SUMMARY EXPLANATION
At their meeting of March 1, 2005, the City Council approved a resolution entering into an
agreement with Yakima County "Supporting Investments in Economic Development"
(SIED) Fund to consummate a grant /loan package approved by the SIED board and
Yakima County Commissioners. The approved project is to provide wastewater
infrastructure (i.e. construction of wastewater mains) to support the expansion of Cub
Crafters, a local airplane manufacturer
The attached appropriation ordinance would authorize a project of $50,000 from the
Wastewater Construction Fund, with half of the project being funded by a grant and half
by a loan from the SIED Fund. Therefore, the capital fund balance will remain unchanged
as a result of this transaction. The City has entered into an agreement with Cub Crafters
for the company to repay the City for the loan that matches the terms of the City's
agreement with Yakima County
Resolution X Ordinance Contract Other (Specify)
FUNDING SOURCE. Wastewater Construction Fund SIE i Grant Loan
APPROVED FOR SUBMITTAL. ! �. ,, 4 - /�/ • ,fC 1 )'
City Manager
STAFF RECOMMENDATION Read Ordinance by title only at the March 22, 2005
meeting. Pass Ordinance after second reading at the April 5, 2005 meeting.
BOARD /COMMISSION RECOMMENDATION
COUNCIL ACTION First reading of ordinance; second reading scheduled 4 -5 -2005
Ordinance passed. ORDINANCE NO. 2005 -18
Cje 3/17/2005 SIED loan approp 2005 agenda