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File #: 2021-0815    Version: 1
Type: Motion Status: Approved
File created: 9/23/2021 In control: General Legislative Session
On agenda: 12/15/2021 Final action: 12/15/2021
Title: Motion 21-370, approval of the allocation of Conservation Futures Property Tax Funds and return to fund balance
Attachments: 1. Motion 21-370, 2. Staff Report, 3. Motion Assignment Slip

 

 

Executive/Council Action Form (ECAF)

 

 

ITEM TITLE:

Title

Motion 21-370, approval of the allocation of Conservation Futures Property Tax Funds and return to fund balance

body

DEPARTMENT:  Conservation & Natural Resources

 

ORIGINATOR:  Sharon Swan

 

EXECUTIVE RECOMMENDATION:  Approved - Lacey Harper 9/28/21

 

PURPOSE: County Council approval of the Conservation Futures Program Advisory Board’s recommendations to provide Conservation Futures Property Tax funding to assist with the acquisition of. In addition, approve a return to fund balance of unused proceeds from a previously allocated Conservation Futures project. 

 

BACKGROUND: The Snohomish County Council established the Snohomish County Conservation Futures Property Tax Fund in 1998 as per Snohomish County Code Chapter 4.14 and established a Conservation Futures Advisory Board (“Advisory Board”) in 1989.  The duties of the Advisory Board include the review and recommendation of applications for projects to be funded with Conservation Futures Property Tax Funds.  The Advisory Board recently opened a grant round and received five applications for funding, which were reviewed at the Sept. 15th Advisory Board meeting.  After careful review, the Advisory Board is recommending full funding for all five projects for a total amount of $2,889,250.00.  In addition, a previously awarded project has been determined to be incompletable, as the seller is no longer interested in selling his property.  The funding allocated for this project is proposed to be returned to fund balance.    

 

FISCAL IMPLICATIONS:

EXPEND: FUND, AGY, ORG, ACTY, OBJ, AU

CURRENT YR

2ND YR

1ST 6 YRS

185-5091916101

$2,889,250.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL

$2,889,250.00

 

 

 

 

REVENUE: FUND, AGY, ORG, REV, SOURCE

CURRENT YR

2ND YR

1ST 6 YRS

185-5091916101

$55,349.36

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL

$55,349.36

 

 

 

DEPARTMENT FISCAL IMPACT NOTES:  Funding is available within current budget

 

CONTRACT INFORMATION:

ORIGINAL

 

CONTRACT#

 

AMOUNT

 

AMENDMENT

 

CONTRACT#

 

AMOUNT

 

 

Contract Period

ORIGINAL

START

 

END

 

AMENDMENT

START

 

END

 

 

OTHER DEPARTMENTAL REVIEW/COMMENTS:  Approved - Risk, Diane Baer 9/28/21/Approved - Finance 9/28/21