HomeMy WebLinkAbout01-03-2006 ITEM VIII-A-1*]CITYOF
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Agenda Subject:
Date:
Ordinance No. 5978
December 23, 2005
Department:
Attachments:
Budget Impact:
Finance
Ordinance No. 5978
Administrative Recommendation:
City Council introduce and adopt Ordinance No. 5978.
Background Summary:
Ordinance No. 5978 establishes the Transit Center Property Management
Revolving Fund at an initial
funding amount of $1,500.00.
N0103-1
F4.2.10
Reviewed by Council & Committees:
Reviewed by Departments & Divisions:
❑ Arts Commission COUNCIL COMMITTEES:
❑ Building
❑ M&O
❑ Airport ® Finance
❑ Cemetery
❑ Mayor
❑ Hearing Examiner ❑ Municipal Serv.
® Finance
❑ Parks
❑ Human Services ❑ Planning & CD
❑ Fire
❑ Planning
❑ Park Board ❑Public Works
❑ Legal
❑ Police
❑ Planning Comm. ❑ Other
❑ Public Works
❑ Human Resources
❑ Information Services
Action:
Committee Approval: ❑Yes ❑No
Council Approval: ❑Yes ❑No
Call for Public Hearing
Referred to Until
—/—/
Tabled Until
—/—/
Counciimember: Backus
Staff: Coleman
Meeting Date: January 3, 2006
Item Number: VIII.A.1
AUBURN *MORE THAN YOU IMAGINED
ORDINANCE NO. 5978
AN ORDINANCE OF THE CITY OF AUBURN, WASHINGTON,
ADOPTING A NEW SECTION 3.04.620 OF THE AUBURN CITY
CODE TO ESTABLISH THE TRANSIT CENTER PROPERTY
MANAGEMENT REVOLVING FUND AT AN INITIAL FUNDING
AMOUNT OF $1,500.00
WHEREAS, the City of Auburn has entered into an agreement with
Coldwell Banker Commercial, a property management company, to manage
the retail space leased by the City at the Transit Center located at 110 2"d St
SW, Auburn, Washington; and
WHEREAS, the agreement with Coldwell Banker Commercial calls for
the City to deposit $1,500.00 into a new account from which the management
company will pay expenses and into which it will deposit rental revenues; and
WHEREAS, the City of Auburn deems it necessary to establish the
"Transit Center Property Management Revolving Fund," an advance property
management expense revolving fund, to be established in order to enable the
City and Coldwell Banker Commercial to properly manage the Transit Center
retail space currently leased by the City; and
WHEREAS, the City of Auburn deems it necessary to establish the
"Transit Center Property Management Revolving Fund" at an initial
amount of $1,500.00.
NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF
AUBURN, WASHINGTON, DO ORDAIN AS FOLLOWS:
------------------------
Ordinance No. 5978
Page 1 of 3
December 28, 2005
Section 1. A new section 3.04.620 of the Auburn City Code is hereby
created to read as follows:
3.04.620 Transit center property management revolving fund
created.
The City Finance Director is hereby authorized to establish a revolving
working fund to be known as the "transit center property management
fund" which fund is hereby created by the City, and the City Finance
Director is designated the custodian thereof; and further, the amount to
originally fund said fund is herewith determined to be $1,500.
Section 2. Implementation. The Mayor is hereby authorized to
implement such administrative procedures as may be necessary to carry out
the directives of this legislation.
Section 3. Effective Date. This Ordinance shall take effect and be in
force five (5) days from and after its passage, approval and publication as
provided by law.
Section 4. Severability. The provisions of this ordinance are declared
to be separate and severable. The invalidity of any clause, sentence,
paragraph, subdivision, section or portion of this ordinance, or the invalidity of
the application thereof to any person or circumstance shall not affect the validity
of the remainder of this ordinance, or the validity of its application to other
persons or circumstances.
DATED and SIGNED this
------------------------
Ordinance No. 5978
Page 2 of 3
December 28, 2005
day of
, 2006.
INTRODUCED:
PASSED:
APPROVED:
PETER B. LEWIS, MAYOR
ATTEST:
Danielle E. Daskam, City Clerk
APPROVED AS TO FORM:
Published:
------------------------
Ordinance No. 5978
Page 3 of 3
December 28, 2005