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HomeMy WebLinkAboutord2026-004Whatcom County COUNTY COURTHOUSE 311 Grand Avenue, Ste #105 r Bellingham, WA 98225-4038 (360) 778-5010 Agenda Bill Master Report File Number: AB2026-094 File ID: AB2026-094 Version: 1 Status: Adopted File Created: 01/16/2026 Entered by: MMiterko@co.whatcom.wa.us Department: Finance Division File Type: Ordinance Assigned to: Council Finance and Administrative Services Committee Final Action: 02/10/2026 Agenda Date: 02/10/2026 Enactment #: ORD 2026-004 Related Files: Primary Contact Email: atan@co.whatcom.waus TITLE FOR AGENDA ITEM: Ordinance closing the Northwest Annex Redevelopment Fund SUMMARY STATEMENT OR LEGAL NOTICE LANGUAGE: Request closing the NW Annex Redevelopment Fund and remaining funds of $2,706,727 be transferred to the newly established project fund, the 32nd Street Property Acquisition Fund, which wll be used to account for the revenues and expenditures related to purchasing the 333 32nd Street property. HISTORY OF LEGISLATIVE FILE Date: Acting Body: Action: Sent To: 01/27/2026 Council INTRODUCED Council Finance and Administrative Services Committee Aye: 5 Boyle, Buchanan, Galloway, Rienstra, and Scanlon Nay: 2 Elenbaas, and Stremler 02/10/2026 Council Finance and Administrative RECOMMENDED FOR Services Committee ADOPTION Aye: 5 Boyle, Buchanan, Galloway, Rienstra, and Scanlon Nay: 2 Elenbaas, and Stremler 02/10/2026 Council ADOPTED Aye: 4 Boyle, Galloway, Rienstra, and Scanlon Nay: 2 Elenbaas, and Stremler Whatcom County Page 1 Printed on 2/11/2026 Agenda Bill Master Report Continued (AS2026-094) -emp Absent: 1 Buchanan Attachments: Proposed Ordinance, Notice of Action Proposed on 1.27.2026 Whatcom County Page 2 Printed on 2/11/2026 PROPOSED BY: Executive INTRODUCED: January 27, 2026 ORDINANCE NO. 2026-004 CLOSING THE NW ANNEX REDEVELOPMENT FUND WHEREAS, on December 7, 2021, Ordinance 2021-087 created the NW Annex Redevelopment Fund and funded the project; and WHEREAS, the County has identified an alternative solution to replacing the existing NW Annex building complex through the acquisition of a property; and WHEREAS, the Real Estate Excise Tax Fund I, Public Utilities Improvement Fund (EDI), sale of the Forest Street property, and the sale of the Animal Control Building initially funded the project; and WHEREAS, the current cash balance in the fund is approximately $2,706,727; and WHEREAS, the remaining cash in the fund will be transferred to the newly established project fund, the 32"d Street Property Acquisition Fund, which will be used to account for the revenues and expenditures related to purchasing the 333 32"d Street property. NOW, THEREFORE, BE IT ORDAINED by the Whatcom County Council that the NW Annex Redevelopment Fund be dissolved and its remaining cash balance be transferred to the newly established project fund used to account for the revenues and expenditures related to purchasing the 333 32"d Street property. ADOPTED this, lOth day of JJ f� ATTEST: G°`a COUN'� °. ,� - Cathy Hal a, Clerp c�� ur-icil APPROVED AS TO FORM: Approved by email/B Waldron/A Tan Civil Deputy Prosecutor February , 2026 WHATCOM COUNTY COUNCIL WHATCOM COUNTY, WASHINGTON -z4A 64" Kaylee Valloway, Council Chair WHATCOM COUNTY EXECUTIVE WHATCOM COUNTY, WASHINGTON Satpal Sidhu,Iounty Executive �^ o Approved ( ) Denied Date Signed: ­2 ^A% `ZG