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RES 23-836 - Authorizing Funds to SKHHPRESOLUTION NO.23-836 A RESOLUTION of the City of Federal Way, Washington, authorizing the expenditure of $233,944.95 in funds contributed by the City and held by Homelessness Partners (SKHHP). WHEREAS, effective January 1, 2019, the City of Federal Way entered into Interlocal Agreement AG19-019 with neighboring cities located in south King County to form South King Housing and Homelessness Partners (SKHHP) to help coordinate the efforts of south King County cities to provide affordable housing; and WHEREAS, effective March 1, 2021, the City of Federal Way entered into Interlocal Agreement AG21=044 for the purposes of pooling sales tax receipts with SKHHP to administer funds through the SKHHP Housing Capital Funds; and WHEREAS, the SKHHP Executive Board has recommended that the City of Federal Way participate in the funding of certain affordable housing projects and programs hereinafter described; and WHEREAS, the SKHHP Executive Board has developed a number of recommended conditions to ensure that the City's affordable housing funds are used for their intended purpose and that projects maintain their affordability over time; and WHEREAS, pursuant to the SKHHP formation interlocal agreement each legislative body participating in funding a project or program through the SKHHP Housing Capital Fund must authorize the application of a specific amount of the City funds contributed to the SKHHP Housing Capital Fund; and WHEREAS, the City Council will authorize the use of $233,944.95 of the funds contributed Resolution No. 23-836 Page I of 14 to the SKHHP Housing Capital Fund as designated below to finance the projects recommended by the SKHHP Executive Board. NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF FEDERAL WAY, RESOLVES AS FOLLOWS: Section 1. Pursuant to the Interlocal Agreement, the City Council authorizes the duly - appointed administering agency of SKHHP` to use $233,944.95 of funds contributed by the city pursuant to the SKHHP interlocal agreements as outlined in exhibit A. Section 2. The agreements entered into pursuant to Section 1 of this resolution shall include terms and conditions to ensure that the City's funds are used for their intended purpose and that the projects maintain affordability overtime. Section 3. Severabiiity. If any section, sentence, clause or phrase of this resolution should be held to be invalid or unconstitutional by a court of competent jurisdiction, such invalidity or unconstitutionality shall not affect the validity or constitutionality of any other section, sentence, clause, or phrase of this resolution. Section 4. Corrections. The City Clerk and the codifiers of this resolution are authorized to make necessary corrections to this resolution including, but not limited to, the correction of scrivener/clerical errors, references, resolution numbering, section/subsection numbers and any references thereto. Section 5. Ratification. Any act consistent with the authority and prior to the effective date of this resolution is hereby ratified and affirmed. Section 6. Effective Date. This resolution shall be effective immediately upon passage by the Federal Way City Council. Resolution No. 23-836 Page 2 of 14 RESOLVED BY THE CITY COUNCIL OF THE CITY OF FEDERAL WAY, WASHINGTON this 17th day of January, 2023. CITY OF FEDERAL WAY: ATTEST: S P ANIE COURTNEY C C, CITY CLERK APPROVED AS TO FORM: RYA ' CALL, CIT AT RNEY FILED WITH THE CITY CLERK: 01/11/2023 PASSED BY THE CITY COUNCIL: 01/17/2023 RESOLUTION NO.: 23-836 Resolution No. 23-836 Page 3 of 14