HomeMy WebLinkAbout2001-047 Appropriation; re: Public Facilities District (from Tourist Promotion Fund & Convention Center Capital Fund) ORDINANCE NO. 2001- 47
AN ORDINANCE amending the 2001 budget for the City of Yakima; and making
an appropriation of $76,000 in the 370 - Convention Center
Capital Improvement Fund for expenditure during 2001 to
provide for architectural services relating to the
Convention Center expansion, and making an appropriation of
$66,300 in the 170 - Tourist Promotion Operations Fund for
expenditure during 2001 to provide for increased natural gas
costs and Public Facilities District expenses.
WHEREAS, the amount of $76,000 must be appropriated within the 370 -
Convention Center Capital Improvement Fund for expenditure during 2001 to provide for
architectural services relating to the Convention Center expansion, and the amount of
$66,300 must be appropriated within the 170 - Tourist Promotion Operations Fund for
expenditure during 2001 to provide for increase natural gas costs and Public Facilities
District expenses, and
WHEREAS, at the time of the adoption of the 2001 budget it could not
reasonably have been foreseen that the appropriation provided for by this ordinance would
be required; and the City Council finds 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 the appropriation
herein provided, now, therefore,
BE IT ORDAINED BY THE CITY OF YAKIMA:
Section 1. The amount of $76,000 is hereby appropriated from the Unappropriated
Fund Balance in the 370- Convention Center Capital Fund to account number 370- 4 -370-
328- 1909 - 594.75 -410 as a 2001 appropriation. The amount of $66,300 is hereby
appropriated from the Unappropriated Fund Balance in the 170 - Tourist Promotion
Operations Fund to the various accounts, as specified in Schedule 1 attached hereto and
incorporated herein.
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 / g day of
PTEM,B�/L 2001.
/ ' Y PLACE, MAYOR
ATTEST:
44 .Atlt^,•—•
CITY CLERK
First Reading: 9 - - 2001
Publication Date: 9 - 2001
Effective Date: 9 - 2001
cje 08/30/01
6
SCHEDULE I
Fund 170 - Tourist Promotions Operations Fund
Resources
Revenue from the Public Facilities District $60,000
Appropriations
Natural Gas
170 -4- 170 - 325 - 0000 - 571.10 -472 $15,800
Public Facilities District Expenses
Partial Reimbursement for predevelopment costs $40,000
Public Facilities District Board estimated 2001 expenses $10,500
TOTAL $60,000 $55,800
Page 1 cje 08/30/2001
BUSINESS OF THE CITY COUNCIL.
YAKIMA, WASHINGTON
AGENDA STATEMENT
Item No. /9 8
For Meeting Of: Sept. 4, 2001
ITEM TITLE: An Ordinance amending the 2001 170- Tourist Promotion Operating Fund and
370 - Convention Center Capital Fund budgets.
SUBMITTED BY: William Cook, Director, Department of Community & Economic Development
Cindy Epperson, Accounting Manager, Department of Finance and Budget (;E
CONTACT PERSON /'TELEPHONE: William Cook (575 -6227)
SUMMARY EXPLANATION:
The Public Facilities District (PFD) is now formed, the new board has been established, and the
board has imposed the sales tax credit. Because of the timing of the creation of the District, the
revenue relating to the sales tax credit should be flowing by the end of the year. According to
the agreements, these funds can be used to reimburse the capital fund for startup costs relating to
the PFD, and for expenses of the PFD board (such as insurance, accounting and legal costs.)
The Convention Center expansion project is also going forward, and the contract for architectural
services by Wardell Architects is being presented to Council under a separate agenda statement.
The attached appropriation amends the Convention Center Capital Fund budget by $76,000,
which is an estimate of architectural services to be rendered during 2001. (This cost will be
reimbursed when the bonds are issued for the project in 2002.) Additionally, the attached
appropriation will add $66,300 to Fund 170, Tourist Promotion Operations. This will provide
$40,000 for partial reimbursement of predevelopment expenses, $10,500 for PFD expenses
estimated for 2001, and $15,800 to cover increased natural gas costs. Revenue of $60,000 is
estimated to be received from the PFD by the end of the year. (Note: At this point in time,
Finance has not had a chance to research and develop account numbers for activities relating to
the PFD; therefore, the ordinance does not specify all account numbers.)
Resolution Ordinance: X Contract Other Specify
Funding Source: Funds 170 - Tourist Promotion Operating and 370 - Convention Center
Capital Improvement
APPROVAL FOR SUBMITTAL: A
City M. nager
STAFF RECOMMENDATION: Read Ordinance by title only at the September 4, 2001
meeting. Pass Ordinance after second reading at the September 18, 2001 meeting.
BOARD /COMMISSION RECOMMENDATION:
COUNCIL ACTION: First reading of ordinance; second reading scheduled 9-18 -2001.
9 - - 01: Ordinance passed ORDINANCE NO. 2001 -47