Snohomish County Council - File #: 2021-0795

• File #: 2021-0795
• 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 21-075, related to the 2021 Budget; making supplemental appropriations for receipt of a portion of the proceeds of the 2021 taxable Limited Tax General Obligation Bonds in Airport Operation and Maintenance Fund 410, to obtain financing for the Bomarc Building Project and to pay related bond sale and issuance costs, and in Conservation Futures Tax Fund 185, to pay related bond sale and issuance costs

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 21-075, related to the 2021 Budget; making supplemental appropriations for receipt of a portion of the proceeds of the 2021 taxable Limited Tax General Obligation Bonds in Airport Operation and Maintenance Fund 410, to obtain financing for the Bomarc Building Project and to pay related bond sale and issuance costs, and in Conservation Futures Tax Fund 185, to pay related bond sale and issuance costs

body

DEPARTMENT:  Finance

ORIGINATOR:  Jim Woodard                     

EXECUTIVE RECOMMENDATION:  Approved Ken Klein 09/23/21

PURPOSE: To appropriate authority in 2021 for the Bomarc building, Conservation Futures, and to pay issuance costs for the 2021B Bonds.

BACKGROUND: Click or tap here to enter text.

FISCAL IMPLICATIONS:

EXPEND: FUND, AGY, ORG, ACTY, OBJ, AU	CURRENT YR	2ND YR	1ST 6 YRS
Airport fund 410, bond exp	7,500,000
Cons futures fund 185, bond exp	300,000
TOTAL	7,800,000

REVENUE: FUND, AGY, ORG, REV, SOURCE	CURRENT YR	2ND YR	1ST 6 YRS
Airport fund 410, bond proceeds	7,500,000
Cons futures fund 185, bond proceeds	300,000
TOTAL	7,800,000

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