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HomeMy WebLinkAboutord2022-086Whatcom County COUNTY COURTHOUSE 311 Grand Avenue, Ste #105 Bellingham, WA 98225-4038 (360) 778-5010 Agenda Bill Master Report File Number: AB2022-638 File ID: AB2022-638 Version: 1 Status: Adopted File Created: 11/01/2022 Entered by: THelms@co.whatcom.wa.us Department: County Executive's File Type: Ordinance Office Assigned to: Council Finance and Administrative Services Committee Final Action: 11/22/2022 Agenda Date: 11/22/2022 Enactment #: ORD 2022-086 Primary Contact Email: Tschroed@co.whatcom.wa.us TITLE FOR AGENDA ITEM: Ordinance establishing a Capital Facilities Reserve Fund SUMMARY STATEMENT OR LEGAL NOTICE LANGUAGE: Ordinance establishing a Capital Facilities Reserve Fund HISTORY OF LEGISLATIVE FILE Date: Acting Body: Action: Sent To: 11/09/2022 Council INTRODUCED Council Finance and Administrative Services Committee Aye: 6 Buchanan, Byrd, Donovan, Frazey, Galloway, and Kershner Nay: 1 Elenbaas Absent: 0 11/22/2022 Council Finance and Administrative RECOMMENDED FOR Services Committee ADOPTION Aye: 3 Byrd, Frazey, and Kershner Nay: 0 Absent: 0 11/22/2022 Council ADOPTED Aye: 7 Buchanan, Byrd, Donovan, Elenbaas, Frazey, Galloway, and Kershner Nay: 0 Absent: 0 Whatcom County Page 1 Printed on 1112312022 Agenda Bill Master Report Continued (AB2022-638) Attachments: Proposed Ordinance Whatcom County Page 2 Printed on 1112312022 2 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 PROPOSED BY: Executive INTRODUCTION DATE: 11/9/2022 ORDINANCE NO. 2022-086 ESTABLISHING A CAPITAL FACILITIES RESERVE FUND WHEREAS, Whatcom County has an ongoing need for improvements to existing facilities as well as a need for new facilities.; and WHEREAS, a fund dedicated to the long-term accumulation of resources for capital facilities needs will assist in meeting these needs; and WHEREAS, Whatcom County has approximately $6.4 million remaining in the COVID- 19 Emergency Response (CARES ACT) Fund that can be transferred to this new fund for Capital Facilities projects; and WHEREAS, annual contributions of $500,000 from the General Fund are budgeted to be transferred to this fund in the 2023 -2024 biennium, and WHEREAS, the Executive will annually determine a portion of the previous year's budget lapse to contribute to the Capital Facilities Reserve Fund; and NOW, THEREFORE, BE IT ORDAINED by the Whatcom County Council that a new fund is hereby established effective January, 2023 titled "Capital Facilities Reserve Fund". BE IT FURTHER ORDAINED that the new fund shall be established with a transfer of the balance remaining in the COVID-19 Emergency Response (CARES Act) Fund. ADiO,�PT d day of November 2022. WHATCOM?COUNTY COUNCIL ATTE WHATC M' COU WASHINGTON Dana Brown7,DaviS,�-Clerk, of the Council Tod Donovan, Council Chair WHATCOM COUNTY EXECUTIVE APPROVED' AS°TO°CORM; 1, i'%." Christopher Quinn per email 11/01/2022 Civil Deputy Prosecutor WHATCOM COUNTY, WASHINGTON Q lz� a h Satpal Sidhu, County Executive Approved ( ) Denied Date Signed: t.t Page 1 of i