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
Cont...
Click here for full text