HomeMy WebLinkAboutITEM III-D
CITY OF
00' + 00
FINANCE COMMITTEE
WASHINGTON
JANUARY 3, 2011
6:00 PM, CITY HALL ANNEX
CONFERENCE ROOM 1
MINUTES
I. CALL TO ORDER
Chair Nancy Backus called the meeting to order at 6:00 p.m. in
Conference Room No. 1 located on the second floor of the City Hall
Annex located at One East Main Street in Auburn. Chair Backus, Vice
Chair Norman and Member Rich Wagner were present. Present during
the meeting were Mayor Peter B. Lewis, City Attorney Daniel B. Heid,
Finance Director Shelley Coleman, Parks, Arts and Recreation Director.
Daryl Faber, Public Works Director Dennis Dowdy, and Deputy City Clerk
Cathy Richardson. Wayne Osborne was also present.
II. CONSENT ITEMS
A. Approval of Minutes
1. Minutes of the December 20, 2010 Finance Committee
meeting.
Vice Chair Norman moved and Member Wagner seconded
to approve the December 20, 2010 minutes.
MOTION CARRIED UNANIMOUSLY. 3-0.
B. Vouchers
1. Claims
F4.9.5
Claims check numbers 400728 through 401009 in the
amount of $981,040.50 and dated January 3, 2011.
2. Payroll
F4.9.2
Payroll check numbers 530508 to 530600 in the amount of
$305,853.11 and electronic deposit transmissions in the
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Finance Committee Minutes January 3, 2011
amount of $1,133,200.14 for a grand total of $1,439,053.25
for the pay period covering December 16, 2010 to
December 29, 2010.
Member Wagner requested that staff provide additional
information regarding the itemization of payroll expenses.
Committee members reviewed the vouchers and briefly
discussed voucher numbers 400748, 400768, 400780,
400790, 400866, and 400936.
Vice Chair Norman moved and Member Wagner seconded
to approve the vouchers.
MOTION CARRIED UNANIMOUSLY. 3-0.
III. ORDINANCES AND RESOLUTIONS
A. Ordinances
There was no ordinance for Committee consideration.
B. Resolutions
There was no resolution for Committee consideration.
IV. DISCUSSION ITEMS
A. Resolution No. 4668
05.4
A Resolution of the City Council of the City of Auburn, Washington,
amending the Interlocal Cooperation Agreement between King
County and the City of Auburn for open space acquisition projects
and accepting a Conservation Futures grant related to the
Smith/Fenster Levee Setback Project
Committee members briefly reviewed Resolution No. 4668.
B. Public Works Project Number CP0817
04.6.3 CP0817
City Council award Contract 10-17, Project No. CP0817 - 2009
Sewer and Storm Station Replacement - Phase C, White River
Storm Pump Station Maintenance and Repair Project to Pease &
Sons, Inc. on their low bid of $1,395,155.70 plus WA state sales
tax of $132,539.79 for a total contract price of $1,527,625.49.
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Finance Committee Minutes January 3. 2011
Director Dowdy reported that Project No. CP0817 calls for
replacing or retrofitting three storm and sewer pump stations that
are at the end of their service lives and have stability and
foundation issues.
C. Ordinance No. 6347
F6.16
An Ordinance of the City Council of the City of Auburn,
Washington, establishing the local sales and use tax rate for local
revitalization financing for 2011
Director Coleman explained that Ordinance No. 6347 levies the
.021% sales tax credit against the state sales tax for local
revitalization financing. The sales tax credit must be levied each
year and can be levied for up to a twenty-five year period. This is
the second year that the City has requested the sales tax credit.
The intent of the tax credit is to provide financial assistance to cities
to assist with financing public improvements in an identified
revitalization area to promote community and economic
development.
D. Resolution No. 4671
F6.7
A Resolution of the City Council of the City of Auburn, Washington,
authorizing the City of Auburn to impose a sales and use tax as
authorized by RCW 82.14.415 as a credit against state sales and
use tax, relating to annexations
Director Coleman reported that Resolution No. 4671 levies the .1 %
sales tax credit against the state sales tax for annexation of the Lea
Hill Area. The intent of the legislation is to provide financial
assistance to cities with Planned Annexation Areas (PAA's) that did
not produce revenues sufficient to cover the costs of urban levels
of services. The City may take advantage of the tax credit
incentive for up to ten years and is limited to a maximum of .1%.
This is the fourth year that the City has requested the sales tax
credit from the State.
E. Business Strategies
In an effort to expand the City's tax base, Mayor Lewis requested
that the Finance Committee explore alternative business strategies,
funding sources, and forms of financing.
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Finance Committee Minutes January 3, 2011
V. ADJOURNMENT
There being no further business to come before the Committee, the
meeting adjourned at 6:28 p.m.
APPROVED THE DAY OF JANUARY 2011.
Nancy Backus, Chair Cathy Richardson, Deputy City Clerk
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