FEDRAC Minutes 06-27-2023ACITY of
sFederal Way
Finance / Economic Development / Regional Affairs Committee
Tuesday, June 27, 2023 5:00 p.m. — City Hall Council Chambers
SUMMARY MINUTES
CALL TO ORDER: Chair Tran called the meeting to order at 5:01 pm.
COMMITTEE MEMBERS IN ATTENDANCE: Councilmember Dovey is excused, Councilmember
Kochmar will act as voting member on committee on Councilmember Dovey's behalf
COUNCIL MEMBERS IN ATTENDANCE: Deputy Mayor Honda, Councilmember Jack Walsh, and
Councilmember McDaniel attended in person.
STAFF MEMBERS IN ATTENDANCE: City Administrator Brian Davis; Finance Director Steve
Groom; Deputy Finance Director Chase Donnelly; City Attorney Ryan Call; Deputy Police Chief
Kyle Sumpter; Director of Economic Development Tanja Carter; Director of Community
Development Keith Niven; Senior Planner Chaney Skadsen; Parks Director John Hutton; Parks
Deputy Director Jason Gerwen; and Community Development Office Manager Samantha
Homan.
PUBLIC COMMENT: None.
A. Approval of Summary Minutes — May 23, 2023 Meeting
Motion to approve the May 23, 2023 minutes as written.
■ Moved: Kochmar
• Seconded: Tran
• Passed: 2-0
B. Converting Position within the Police Department: Presented by Deputy Police Chief Kyle
Sumpter
Kyle Sumpter presented a proposal to convert one deputy chief to commander, increasing
the total number of police commanders from five to six, and converting two vacant part-
time records positions to a quartermaster position for a total of two quartermasters.
Motion to forward the proposed request to the July 5, 2023 consent agenda for approval.
• Moved: Kochmar
• Seconded: Tran
• Passed: 2-0
June 27, 2023 FEDRAC Page 1
CITY OF
Federal Way
C. Tax Increment Financing Informational Briefing: Presented by Director of Community
Development Keith Niven.
Keith Niven presented a briefing on the proposed Tax Increment Financing Initiative for
Downtown Federal Way with a draft report presented by Nick Popenuk from Tiberius
Solutions. Finance Director Steve Groom, Financial Advisor Matt Schoenfeld from PFM
Financial Advisors, and Senior Planner Chaney Skadsen contributed information in the
combined presentation. The briefing included revised revenue forecasts, assessed value
projections with private -to -public investment ratio, preliminary debt scenarios, potential
impact to General Fund with options to mitigate the risks of cashflow shortfalls, and policy
measures for City Council to consider for City reserves in up -coming years.
No action taken — discussion only.
D. Federal Way Community Center Lock Room Renovations: Presented by Deputy Parks
Director Jason Gerwen
Jason Gerwen presented a proposal to approve Federal Way Community Center locker room
renovation and boiler upgrade using ARPA funding, fully maximizing remaining ARPA grant.
Motion to forward the proposed request to the July 5, 2023 consent agenda for approval.
■ Moved: Kochmar
• Seconded:Tran
• Passed: 2-0
E. Saghalie Park/Sacajawea Park Track Replacements: Presented by Deputy Parks Director
Jason Gerwen
Jason Gerwen presented a proposal to reallocate ARPA funds previously approved for
Saghalie Park Track replacement to the Sacajawea Park Track replacement due to a King
County grant funding the Saghalie Track. Federal Way Public Schools will be responsible for
50% of the cost.
Motion to forward the proposed request to the July 5, 2023 consent agenda for approval.
• Moved: Kochmar
• Seconded: Tran
• Passed: 2-0
June 27, 2023 FEDRAC Page 2
CITY or -
Federal Way
F. AP Vouchers 05/15/2023-06/15/2023 & Payroll Vouchers 05/01/2023-05/31-/2023:
Presented by Deputy Finance Director, Chase Donnelly
Deputy Finance Director Chase Donnelly presented a summary of the monthly
disbursements.
Motion to forward the proposed request to the July 5, 2023 consent agenda for approval.
• Moved: Kochmar
■ Seconded: Tran
• Passed: 2-0
G. Monthly Financial Report- May 2023: Presented by Deputy Finance Director Chase Donnelly
Deputy Finance Director Chase Donnelly summarized the May 2023 financial results with
summary and graphical information on revenues, expenses, cash position, debt and
investments
Motion to forward the proposed request to the July 5, 2023 consent agenda for approval.
■ Moved: Kochmar
• Seconded: Tran
■ Passed: 2-0
Other: None.
NEXT MEETING: July 25, 2023 at 5pm Council Chambers.
MEETING ADJOURNED: The meeting was adjourned at 7:02 p.m.
Attest:
S m ntha Homan, CD Office Manager
Approved by Committee:
Date
June 27, 2023 FEDRAC Page 3