HomeMy WebLinkAbout4625 Ordinance - 2021-2022 Supplemental Budget Zone 3 Reservoir Storage Tank MLSORDINANCE NO. 4625
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 FUND FOR THE
CONSTRUCTION OF THE ZONE 3 WATER RESERVOIR STORAGE TANK.
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 Zone 3 Water
Reservoir Storage Tank in the amount of $11,310,000 with revenue anticipated from Water Fund
expansion fees and a secured low interest loan; and
WHEREAS, the 2023-2024 Proposed Biennial Budget included the Zone 3 Water
Reservoir Storage Tank in the amount of $3,998,000 with revenue anticipated from Water Fund
and a secured low interest loan; and
WHEREAS, the City is in receipt of a construction loan of $10,000,000 funded through
the Washington State Public Works Board for the Zone 3 Water Reservoir Storage Tank; and
WHEREAS, current project costs exceed the original anticipated costs, due to market
conditions; 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(3), the 2021-2022 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
Water/Sewer Utility Fund
Total
Ordinance — 2021-2022 Capital Projects Budget Amendment- 1
EXPENDITURE REVENUE
$ 3,897,000 $ 3,897,000
$ 3,897,000 $ 3,897,000
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,
December, 20
Blanche Barajas
Mayor
ATTEST:
Debra Barham, CMC
City Clerk
Washington on this 5th day of
APPROVED AS TO FORM:
Kerr Fer aw, PLLC
Ordinance — 2021-2022 Capital Projects Budget Amendment- 2