HomeMy WebLinkAbout4602 Ordinance - 2021-2022 Supplemental Budget Purchase 414 W Columbia St Property ORDINANCE NO. 4602
AN ORDINANCE AMENDING THE 2021-2Q22 MID-BIENNIAL
BUDGET (ORDINANCE NO. 4560) OF THE CITY OF PASCO,
WASHINGTON, BY PROVIDING SUPPLEMENT THERETO; TO PROVIDE
ADDITIONAL APPROPRIATION IN THE CITY'S ECONOMIC
DEVELOPMENT FUND FOR THE PURCHASE OF PROPERTY LOCATED
AT 414 WEST COLUMBIA STREET, PASCO, WA.
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 Mid-Biennium Budget Adjustment amending the 2021-2022
Biennial Budget; and
WHEREAS, the 2021-2022 Mid-Biennial Budget did not include the purchase of real
property located at 414 West Columbia Street, Pasco,WA; and
WHEREAS, purchase of the property was part of the City Council's Downtown
Redevelopment Strategy; and
WHEREAS, a Purchase and Sale Agreement(PSA)was executed subject to City Council
approval on March 24, 2022; and
WHEREAS, following the due diligence phase of the PSA, City Council passed
Resolution No. 4180, approving the purchase of the Thunderbird Motel, located at 414 West
Columbia Street, Pasco, WA at their May 2, 2022, meeting; and
WHEREAS,the City Council finds that such interfund transfer pursuant to 35A.34.200(3)
is in the best interest of the City of Pasco.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PASCO,
WASHINGTON DO ORDAIN AS FOLLOWS:
Section 1. Pursuant to RCW 35A.34.200(3), the 2021-2022 Mid-Biennial Budget be and
the same is hereby amended to provide for the following adjustments to revenues, transfers in,
expenditures, and transfers out by providing authority for any necessary transfer of money within
or between funds indicated, and their subsequent impact to end fund balance:
Fund EXPENDITURE REVENUE
ECONOMIC DEVELOPMENT FLTND $1,200,000
Total $1,200,000
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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 Barajas �
Mayor
ATTEST: APPROVED AS TO FORM:
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Debra Barham, CMC Ke rguson Law, PLLC
City Clerk y Attorneys
Published: Z
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