Executive/Council Action Form (ECAF)
ITEM TITLE:
Title
Ordinance 25-070, amending Sections 1 and 3 of Ordinance No. 22-046 to add an additional capital project to those capital projects financed with proceeds of the County’s Limited Tax General Obligation Bonds, 2022
body
DEPARTMENT: Finance
ORIGINATOR: Nathan Kennedy
EXECUTIVE RECOMMENDATION: Approved by Ken Klein 10/15/25
PURPOSE: Amending Sections 1 and 3 of the Ordinance # 22-046 to add additional capital projects financed with proceeds of the County LTGO Bonds 2022.
BACKGROUND: In Ordinance No. 22-046, the County authorized the issuance and sale of its limited tax general obligation bonds in an original aggregate principal amount not to exceed $95,000,000 to provide long-term financing for the Arlington Public Works Operations Center Project and the SNO911 Project, and such bonds were issued as the County’s Limited Tax General Obligation Bonds, 2022. Public Works has determined that it will not need all of the bond proceeds for the future Arlington Operations Center. It is requesting Snohomish County Council to repurpose a portion of the bond proceeds for the Arlington Operations Center to be for the Elliot Road Flood Reduction at Anderson Creek Project in the amount of $425,000 and for the Cedarvale Loop Road Culvert Replacement Project in the amount of $675,000. This ordinance amendment executes that action.
FISCAL IMPLICATIONS:
|
EXPEND: FUND, AGY, ORG, ACTY, OBJ, AU |
CURRENT YR |
2ND YR |
1ST 6 YRS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL |
|
|
|
|
REVENUE: FUND, AGY, ORG, REV, SOURCE |
CURRENT YR |
2ND YR |
1ST 6 YRS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL |
|
|
|
DEPARTMENT FISCAL IMPACT NOTES: No impact on the General Fund
CONTRACT INFORMATION:
|
ORIGINAL |
|
CONTRACT# |
|
AMOUNT |
|
|
AMENDMENT |
|
CONTRACT# |
|
AMOUNT |
|
Contract Period
|
ORIGINAL |
START |
|
END |
|
|
AMENDMENT |
START |
|
END |
|
OTHER DEPARTMENTAL REVIEW/COMMENTS: Reviewed/approved by Finance - Nathan Kennedy 10/14/25. AATF: DPA