Snohomish County Council - File #: 2021-0793

• File #: 2021-0793
• Version: 1
• Type: Ordinance
• Status: Approved
• File created: 9/21/2021
• In control: Public Hearings
• On agenda: 10/20/2021
• Final action: 10/20/2021
• Title: Ordinance 21-073, related to the 2021 Budget; making a supplemental appropriation for receipt of a portion of the proceeds of the 2021 tax-exempt Limited Tax General Obligation Bonds in Parks Construction Fund 309, to pay related bond sale and issuance costs related to the Meadowdale Beach Park and Estuary Restoration Project

Date	Ver.	Action By	Action	Result
10/20/2021	1	Public Hearings	Approved	Pass
9/29/2021	1	General Legislative Session	Set time/date for Public Hearing
9/28/2021	1	Finance and Economic Development Committee	Moved to the GLS Regular Agenda
9/27/2021	1	Administrative Session	Assigned

Executive/Council Action Form (ECAF)

ITEM TITLE:

Title

Ordinance 21-073, related to the 2021 Budget; making a supplemental appropriation for receipt of a portion of the proceeds of the 2021 tax-exempt Limited Tax General Obligation Bonds in Parks Construction Fund 309, to pay related bond sale and issuance costs related to the Meadowdale Beach Park and Estuary Restoration Project

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DEPARTMENT:  Finance

ORIGINATOR:  Jim Woodard                     

EXECUTIVE RECOMMENDATION:  Approved Ken Klein  09/23/21

PURPOSE: To appropriate authority in 2021 to pay issuance costs for the 2021A Bonds which obtains financing for the Meadowdale Beach Park project.

BACKGROUND: Click or tap here to enter text.

FISCAL IMPLICATIONS:

EXPEND: FUND, AGY, ORG, ACTY, OBJ, AU	CURRENT YR	2ND YR	1ST 6 YRS
Parks construction fund 309, bond exp	100,000
TOTAL	100,000

REVENUE: FUND, AGY, ORG, REV, SOURCE	CURRENT YR	2ND YR	1ST 6 YRS
Parks constr. fund 309, bond proceeds	100,000
TOTAL	100,000

DEPARTMENT FISCAL IMPACT NOTES:  Click or tap here to enter text.

CONTRACT INFORMATION:

ORIGINAL		CONTRACT#		AMOUNT
AMENDMENT		CONTRACT#		AMOUNT

Contract Period

ORIGINAL	START		END
AMENDMENT	START		END

OTHER DEPARTMENTAL REVIEW/COMMENTS:  Approved Finance Nathan Kennedy 09/23/21