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HomeMy WebLinkAbout08-04-2003CITY OF WASHINGTON FINANCE COMMITTEE AUGUST 4, 2003 MINUTES II. II1. CALL TO ORDER Chair Fred Poe called the meeting to order at 6:30 PM in the Council Conference Room located on the first floor of Auburn City Hall, 25 West Main Street, Auburn, WA. Chair Poe, Vice Chair Gene Cerino, and Member Nancy Backus were present. Others present included Mayor Peter B. Lewis, City Attorney Daniel B. Heid, Finance Director Shelley Coleman, and Deputy City Clerk Cathy Richardson. Mr. Bill Peloza and Ms. Virginia Haugen also attended the meeting. APPROVAL OF MINUTES A. Minutes of the July 21, 2003 Finance Committee meeting. Vice Chair Cerino moved and Member Backus seconded to approve the July 21, 2003 minutes. MOTION CARRIED UNANIMOUSLY. 3-0. CONSENT ITEMS A. Vouchers Claims F4.9.5 Claims check numbers 322931 through 323300 amount of $910,341.29 and dated August 4, 2003. in the Payroll F4.9.2 Payroll check numbers 505032 to 505215 in the amount of $286,477.42 and electronic deposit transmissions in the amount of $935,096.04 for a grand total of $1,221,573.46 for the pay period covering July 17, 2003 to July 30, 2003. Page I Finance Committee Minutes Auqust 4, 2003 IV. Business Enterprise Center O3.3.17 City Council to continue partial rent payment for the Business Enterprise Center for the period of September 2003 through August 2004 in the amount of $2,000 per month for a total of $24,000. Director Shelley Coleman explained that the Business Enterprise Center is comprised of the Auburn Area Chamber of Commerce, Green River Community College Extension School, and the Small Business Assistance Center (SBAC). The $2,000 lease allotment is paid directly to the landlord and pays for that portion of the facility occupied by the SBAC. Committee members reviewed consent items and briefly discussed claim number 323017. Vice Chair Cerino moved and Member Backus seconded to approve the consent items. MOTION CARRIED UNANIMOUSLY. 3-0. ORDINANCES AND RESOLUTIONS Ordinance No. 5779 F6.6.9 An Ordinance of the City of Auburn, Washington, creating a new Chapter 3.94 of the Auburn City Code relating to multi-family property tax exemption In response to inquiries from Chair Poe, City Attorney Daniel B. Heid explained that the proposed property tax exemption pertains to all property taxes, including city, school, and state, and applies only to the improvements and not the land upon which the improvements are constructed. Attorney Heid stated that the purpose of the statute is to enhance residential development. The state requires that cities define percentages for residential and commercial usage. There should be a predominance towards residential usage for those structures that contain mixed uses of residential and commercial. Page 2 Finance Committee Minutes Auqust 4, 2003 Mayor Lewis pointed out that the property tax exemption applies only to those newly constructed residential units that have a minimum investment of $150,000 or more per unit. Discussion followed regarding the extension of conditional certificates under Section 3.94.090(A). Attorney Heid pointed out that, most often, permit extensions are granted administratively throughout the Auburn City Code. Member Backus inquired regarding Section 3.94.110(A.1) relating to the requirement for a statement of occupancy and vacancy of the multifamily units during the previous year to be filed with the City by the property owner. Attorney Heid responded that the statute does not require a minimum occupancy, but the City is required to report the statement of occupancy and vacancy to the State. Chair Poe recommended the following amendments to Ordinance No. 5779: Section 3.94.060(E) - Increase the initial application from $150 to $1000. Section 3.94.080(B) - Increase the amendment application fee from $150 to $500. Section 3.94.090(A) - Increase the extension fee from $150 to $500. Amend Section 3.94.100(A.1) to read as follows: An audited statement of expenditures made with respect to each multifamily housing unit and the total expenditures made with respect to the entire property, including total project costs, which statement shall be approved by the City of Auburn Finance Director. Vice Chair Cerino moved and Member Backus seconded to recommend approval of Ordinance No. 5779 as amended above. MOTION CARRIED UNANIMOUSLY. 3-0. Page 3 Finance Committee Minutes Auqust 4, 2003 VI. DISCUSSION ITEMS In response to a request from Chair Poe for an update on the David Allen Davis project, Director Coleman stated that Mr. Davis entered into the Pre-Local Improvement District (LID) Formation Agreement prior to receiving the building permit. Prior to receiving an occupancy permit, Mr. Davis will execute a formal LID Formation Agreement. Staff will also formulate terms for an agreement for parking spaces so as to have it executed prior to issuance of an occupancy permit. ADJOURNMENT There being no further business to come before the Committee, the meeting adjourned at 7:23 PM. APPROVED THIS /.,.~'~""/ DAY OF AUGUST, 2003. Fred Poe, Chair Cathy Rict~ardson, Deputy City Clerk I:\cle rk\fina nce\fca~200fcm08-04 Page 4