CITY OF SEATTLE
ORDINANCE __________________
COUNCIL BILL __________________
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AN ORDINANCE relating to Seattle Parks and Recreation (SPR); authorizing an administrative amendment to Ordinance 115859, which established the Beach Maintenance Trust Fund (70200) as a subsidiary fund of the Shoreline Park Improvement Fund (SPIF) (33110), which fund was established by Ordinance 115496 as part of the settlement agreement with the Municipality of Metropolitan Seattle (“Metro”) for the construction of the West Point and Alki secondary sewage projects, and which expired in January 2011.
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WHEREAS, Ordinance 115496 established the Shoreline Park Improvement Fund (SPIF) (33110) in January 1991 to receive $30,000,000 in local improvement funds from the Municipality of Metropolitan Seattle (“Metro”) together with any accrued interest to mitigate the loss of potential shoreline recreation, access, and other unavoidable impacts at West Point; and
WHEREAS, the principal use of the fund was to enhance public use of, access to, and access along bodies of water, including the acquisition, construction, expansion, and rehabilitation of saltwater beaches; and
WHEREAS, Ordinance 115496 referenced a $2,000,000 allocation of the local improvement funds to a permanent trust fund intended to maintain beaches in their original or restored condition; and
WHEREAS, Ordinance 115859 established the Beach Maintenance Trust Fund (70200) and appropriated $2,000,000 from the Shoreline Park Improvement Fund (SPIF) (33110) to be held in permanent trust with expenditures made only from the interest earnings on the fund; and
WHEREAS, the Shoreline Park Improvement Fund (33110) was set to expire 20 years after it was established or by January 2011; and
WHEREAS, proceeds in the Shoreline Park Improvement Fund (33110) have been fully spent down; and
WHEREAS, Ordinance 125895 appropriated $325,000 from the Beach Maintenance Trust Fund (70200) to the Building For the Future budget summary level (BC-PR-20000), to purchase waterfront property at NE 130th Street in Seattle; and
WHEREAS, Ordinance 126210 appropriated $250,000 from the Beach Maintenance Trust Fund (70200) to the Fix It First budget summary level (BC-PR-40000), to support the Be’er Sheva Park Improvement Project; and
WHEREAS, Ordinance 126237 appropriated the remaining $1,520,000 from the Beach Maintenance Trust Fund (70200) to the Building For The Future budget summary level (BC-PR-20000), to support the Waterfront Development Project; and
WHEREAS, Ordinance 115859 must be administratively amended to remove the requirement to hold funds in a permanent trust commensurate with the expiration of the Shoreline Park Improvement Fund (33110) in January 2011; NOW, THEREFORE,
BE IT ORDAINED BY THE CITY OF SEATTLE AS FOLLOWS:
Section 1. Section 3 of Ordinance 115859 is amended as follows:
Section 3. The sum of Two Million Dollars ($2,000,000) is hereby appropriated from the Shoreline Park Improvement Fund and deposited in the Beach Maintenance Trust Fund and the ((City Comptroller)) Director of Finance and Administrative Services is authorized to draw and the city Treasurer to pay the necessary warrants and make the necessary transfers. ((The principal sum shall be held in permanent trust and expenditures from the Beach Maintenance Trust Fund shall be made only from the earnings thereon, as contemplated in Section 2 hereof.))
Section 2. This ordinance shall take effect and be in force 30 days after its approval by the Mayor, but if not approved and returned by the Mayor within ten days after presentation, it shall take effect as provided by Seattle Municipal Code Section 1.04.020.
Passed by the City Council the ________ day of _________________________, 2021, and signed by me in open session in authentication of its passage this _____ day of _________________________, 2021.
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President ____________ of the City Council
Approved / returned unsigned / vetoed this ________ day of _________________, 2021.
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Jenny A. Durkan, Mayor
Filed by me this ________ day of _________________________, 2021.
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Monica Martinez Simmons, City Clerk
(Seal)