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Record No: CB 119137    Version: 1 Council Bill No: CB 119137
Type: Council Bill (CB) Status: Retired
Current Controlling Legislative Body City Clerk
On agenda: 11/20/2017
Ordinance No:
Title: AN ORDINANCE relating to the Revenue Stabilization Account of the Cumulative Reserve Subfund; transferring money from the Revenue Stabilization Account to the General Subfund for one-time expenditures related to homelessness.
Sponsors: Bruce Harrell
Supporting documents: 1. Summary and Fiscal Note
Related files: Res 31875
CITY OF SEATTLE
ORDINANCE __________________
COUNCIL BILL __________________
title
AN ORDINANCE relating to the Revenue Stabilization Account of the Cumulative Reserve Subfund; transferring money from the Revenue Stabilization Account to the General Subfund for one-time expenditures related to homelessness.
body
WHEREAS, on November 2, 2015, Mayor Ed Murray declared a civil emergency related to homelessness; and
WHEREAS, on November 3, 2015, the Council ratified and confirmed the emergency; and
WHEREAS, the City has taken a variety of measures to reduce homelessness including (1) actions taken pursuant to orders issued under the civil emergency to increase available temporary shelter and (2) increases in investments for low-barrier shelter, transitional housing, permanently supportive housing, outreach, and other services for people experiencing homelessness; and
WHEREAS, in 2015, at the time of the declaration of the civil emergency, the One Night Count point-in-time assessment identified 10,047 people in King County experiencing homelessness;
WHEREAS, the 2017 Count Us In point-in-time assessment identified 11,643 people in King County experiencing homelessness, a 16 percent increase from 2015;
WHEREAS, one-time additional spending is needed to reduce homelessness while maintaining other City services; NOW, THEREFORE,
BE IT ORDAINED BY THE CITY OF SEATTLE AS FOLLOWS:
Section 1. Seattle Municipal Code Section 5.80.020 provides as follows:
5.80.020 Structure of subfund.
The Cumulative Reserve Subfund shall be comprised of two accounts: the Capital Projects Account, with its several subaccounts, and the Revenue Stabilization Account.
A. The Capital Projects Account shall be comprised of several subaccounts, including but not limited to the Real Estate Excise Tax I Subaccount; the Real Estate Excise Tax II Subaccount; the South Lake Union Property Proceeds Subaccount; the Asset Preservation Subaccount - General Facilities; the Bluefield Habitat Mai...

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