HomeMy WebLinkAboutord2020-014 Adopted as amended-did not go into effectOrdinance 2020-014
AB2020-162
Emergency Ordinance authorizing an interfund loan to finance cash flow for COVID-19 Emergency
Response
313112020 Due to procedural oversight, this ordinance was not officially
adopted by the council; a replacement ordinance will be considered at a
later date.
See Ordinance 2020-015
AB2020-165
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Whatcom County
Agenda Bill Master Report
File Number: AB2020-162
COUNTY COURTHOUSE
311 Grand Avenue, Ste #105
Bellingham, WA 98225-4038
(360)778-5010
File ID:
AB2020-162
Version:
1 Status: Agenda Ready
File Created:
03/23/2020
Entered by:
MCaldwel@co.whatcom.wa.us
Department:
Finance Division
File Type:
Ordinance
Assigned to: Council (Special)
Agenda Date: 03/31/2020
Primary Contact Email: mcaldwcl@co.whatcom.wa.us
TITLE FOR AGENDA ITEM:
Final Action: 03/31/2020
Enactment #: ORD 2020-014
**Due to
procedural
oversight, this
ordinance was
not officially
adopted by the
council; a
replacement
ordinance will
be considered
at a later date.
See
Ord2010-165.
Emergency Ordinance authorizing an interfund loan to finance cash flow for COVID-19 Emergency
Response
SUMMARY STATEMENT OR LEGAL NOTICE LANGUAGE:
Request authorization for the Whatcom County Treasurer to make an interfund loan from the
Equipment Rental & Revolving Fund to the COVID-19 Emergency Response Fund for cash flow
purposes in the amount of $4,000,000.
HISTORY OF LEGISLATIVE, FILE
Date: Acting Body: Action: Sent To:
03/26/2020 Council (Special) WITHDRAWN
Whatcom County Page 1 Printed on 411012020
Agenda Bill Master Report Continued (AB2020-162)
03/31/2020 Council (Special) ADOPTED AS AMENDED
Aye: 6 Browne, Buchanan, Byrd, Donovan, Frazey, and Kershner
Nay: 1 Elenbaas
Absent: 0
Attachments: Original Proposed Emergency Ordinance (Withdrawn 3.26.2020), Emergency Ordinance for March
31, 2020
Whatcom County Page 2 Printed on 411012020
PROPOSED BY: Executive
INTRODUCTION DATE: 3/24/2020
ORDINANCE NO. 2020-014
AN ORDINANCE AUTHORIZING AN INTERFUND LOAN TO FINANCE CASH FLOW
FOR COVID-19 EMERGENCY RESPONSE
(EMERGENCY ORDINANCE)
WHEREAS, the County Executive has issued a Proclamation of Emergency to
combat the spread of the COVID-19 virus; and,
WHEREAS, Whatcom County Code chapter 2.02.135 provides for an emergency
ordinance to become immediately effective when approved by two thirds vote of
the County Council and signature of the County Executive; and,
WHEREAS, the County is establishing a COVID-19 Emergency Response Fund to
track restricted and committed revenues in response to the coronavirus outbreak;
and,
WHEREAS, adequate cash flow is needed to fund this response due to the
processing time required to receive expected local, state, and federal FEMA
assistance and reimbursements; and,
WHEREAS, the Public Utilities Improvement Fund (EDI Fund) is an appropriate
source to provide a temporary cash flow loan to be used for expanded COVID-19
response; and,
FINDINGS: The spread of the COVID-19 virus presents a continuing threat to the
health and safety of the citizens of Whatcom County. The County needs temporary
cash flow assistance to effectively respond to this crisis,
NOW, THEREFORE, BE IT ORDAINED by the Whatcom County Council: The
Whatcom County Treasurer is hereby authorized to make an interfund loan from
the Public Utilities Improvement Fund to the COVID-19 Emergency Response Fund
for cash flow purposes. The loan shall not exceed $1,000,000 and shall be for a
term not exceeding eighteen months. One-half percent interest shall be charged on
the loan.
ADOPTED this 31st day of March
ATTEST:
Dana Brown -Davis, Council Clerk
APPROVED AS TO FORM:
Civil Deputy Prosecutor
2020.
WHATCOM COUNTY COUNCIL
WHATCOM COUNTY, WASHINGTON
Barry Buchanan, Chair of Council
( ) Approved ( ) Denied
Satpal Sidhu, County Executive
Date: