HomeMy WebLinkAbout4676 Ordinance - Budget Amendment Phase 1-B Utilities in Broadmoor Area ORDINANCE NO.4676
AN ORDINANCE AMENDING THE 2023-2024 BIENNIAL BUDGET
(ORDINANCE NO. 4620) OF THE CITY OF PASCO, WASHINGTON, BY
PROVIDING SUPPLEMENT THERETO; TO PROViDE ADDITIONAL
APPROPRIATION IN THE CITY'S WATER/SEWER/STORMWATER/
IRRIGATION UTILITY FUNDS FOR THE CONSTRUCTION OF
BROADMOOR AREA TAX INCREMENT FINANCING IMPROVEMENTS —
UTILITY PACKAGE PHASE 1B PROJECT.
WHEREAS, on November 28, 2022, the Pasco City Council approved Ordinance No.
4620, adopting the 2023-2024 Biennial Budget; and
WHEREAS, on October 31, 2022, City Council established a Tax Increment Financing
(TIF) area to support infrastructure improvements including streets/roads, streetlights and other
improvements; interchange improvements at I-182 and Road 100; and needed water and sewer
improvements; and
WHEREAS, the development of the 2022-2028 Capital Improvement Plan (CIP) was
developed earlier than TIF area in 2022; and
WHEREAS, the 2023-2024 Biennial Budget was developed based on the CIP and under
the understanding TIF revenues would be used for all infrastructure to be designed and built by
the City within the TIF area; and
WHEREAS, the CIP and the Biennial Budget included roadway improvements in the
Broadmoor Area in the amount of$29,307,500 with revenue anticipated from the Broadmoor TIF;
and
WHEREAS, the utility components of the Broadmoor TIF Area Improvements project
were not identified within the respective utility funds in the Biennial Budget; and
WHEREAS, utility fund allocations are proposed to cover construction costs in 2023
through 2024 for the Broadmoor TIF Area Improvements—Phase 1B (Utility Package)project.
WHEREAS, all utility projects in the Broadmoor Area Improvements — Phase 1B are
anticipated to be funded by 2023 bond proceeds, except the Sewer Utility Portion that will be
funded by existing connection fee revenues, revenue budget will be adjusted with bond proceed
receipt,
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 2023-2024 Biennial Budget be and the
same is hereby amended to provide for the following adjustments to revenues, transfers in,
Ordinance—2023-2024 Operating Budget Amendment
22 377 Broadmoor TIF—Utility Package Phase 1B- 1
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 END FUND BALANCE
BUDGET
Water Utility Fund — Capital
Budget $3,300,000
Sewer Utility Fund — Capital
Budget $1,000,000
Stormwater Utility Fund — $1,400,000
Capital Budget
Irrigation Utility Fund — Capital $1,400,000
Budget
Utilities' Ending Fund Balance $7,100,000
TOTAL $7,100,000 $7,100,000
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. 4620 as previously adopted
heretofore shall remain unchanged.
Section 4. Severabilitv. If any one or more section, subsection, or sentence of this
Ordinance is held to be unconstitutional or invalid, such decision shall not affect the validity of the
remaining portion of this Ordinance and the same shall remain in full force and effect.
Section 5. Corrections bv City Clerk or Code Reviser. Upon approval of the city
attorney, the city clerk and the code reviser are authorized to make necessary corrections to this
Ordinance,including the correction of scrivener's errors,drafting errors,clerical errors;Ordinance,
section, or subsection numbering; or references to other local, state, or federal laws, codes, rules,
or regulations.
Ordinance—2023-2024 Operating Budget Amendment
22 377 Broadmoor TIF—Utility Package Phase 1B-2
Section 6. Effective Date. This Ordinance 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, on this 21 St day of August,
2023.
Blanc e Barajas
Mayor
ATTEST: APPROV D AS TO FORM:
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Debra Barham, CMC Kerr Fe• son Law, PLLC
City Clerk Cit torneys
Published: 1 ti � ��' �Z�
Ordinance—2023-2024 Operating Budget Amendment
22 377 Broadmoor TIF—Utility Package Phase 1 B-3