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HomeMy WebLinkAbout4600 Ordinance - 2021-2022 Supplemental Budget WPWTP Phase 2 ORDINANCE NO. 4600 AN ORDINANCE AMENDING THE 2021-2022 BIENNIAL BUDGET (ORDINANCE NO. 4560) OF THE CITY OF PASCO, WASHINGTON, BY PROVIDING SUPPLEMENT THERETO; TO PROVIDE ADDITIONAL APPROPRIATION IN THE CITY'S WATER/SEWER UTILITY FUND FOR THE CONSTRUCTION OF THE WEST PASCO WATER TREATMENT PLANT EXPANSION (PHASE 2). WHEREAS,on December 7,2020,the Pasco City Council approved Ordinance No.4503, adopting the 2021-2022 Biennial Budget; and WHEREAS, on November 22, 2021, the Pasco City Council approved Ordinance No. 4560, adopting the 2021-2022 Biennial Budget Amendment; and WHEREAS, the 2021-2022 Amended Biennial Budget included the West Pasco Water Treatment Plant Expansion (Phase 2) in the amount of$8,300,000 with revenue anticipated from rates and an unsecured low-interest loan; and WHEREAS, current project costs exceed the originally anticipated costs, due to market conditions; and WHEREAS, Council has authorized $9,000,000 in American Rescue Plan Act funds to be utilized for eligible utility projects; and WHEREAS, the City is pursuing an increase of funds to cover construction costs anticipated to be expended in 2022 through 2024. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PASCO, WASHINGTON DO ORDAIN AS FOLLOWS: Section 1. Pursuant to RCW 35A.34.200(1)(d), the 2021-2022 Biennial Budget be and the same is hereby amended to provide for the following adjustments to revenues, accounting for an excess in revenue generated from use of American Rescue Plan Act grant funds of$1,000,000 and additional low interest loan proceeds, in the amount of $3,453,259, and modifying proportionately the expenditures in the Water/Sewer Utility Fund accounting for this increase in revenue to be appropriated as a funding source for the WPWTP Expansion Phase 2, as follows: Fund EXPENDITURE REVENUE Water/Sewer Utility Fund 4,453,259.00 4,453,259.00 Total $ 4,453,259.00 $4,453,259.00 Ordinance—2021-2022 Operating Budget Amendment 21 297 West Pasco Water Treatment Plant(WPWT.P)Expansion—Phase 2 - 1 Section 2. That the additions in appropriations and expenditures are hereby declared to exist in the above funds for the said uses and purposes as shown above, and the proper City officials are hereby authorized and directed to issue warrants and transfer funds in accordance with the provision of the Ordinance. Section 3. Except as amended herein, Ordinance No. 4560 as previously adopted heretofore shall remain unchanged. Section 4. This Ordinance,being an exercise of a power specifically delegated to the City legislative body, is not subject to referendum, and shall take full force and effect five(5)days after approval, passage, and publication as required by law. PASSED by the City Council of the City of Pasco, Washington this 18th day of July, 2022. Blanche arajas Mayor ATTEST: APPROVED AS FORM: —�'����� -- ~ Debra Barham, CMC Kerr F son Law, PLLC City Clerk Cit ttorneys Published� ti� 2,UZZ Ordinance—2021-2022 Operating Budget Amendment 21 297 West Pasco Water Treatment Plant(WPWTP)Expansion—Phase 2-2