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Council MIN 10-14-2004 Special I FEDERAL WAY CITY COUNCIL Council Chambers - City Hall October 14, 2004 -5:30 p.m. Special Meeting Minutes I. CALL MEETING TO ORDER Mayor McColgan called the special meeting of the Federal Way City Council to order at the hour of 5:35 p.m. Councilmember present: Mayor Dean McColgan, Deputy Mayor Kochmar, Councilmembers Jeanne Burbidge, Jack Dovey, Eric Faison, Jim Ferrell, and Mike Park. Staff present: City Manager David Moseley, City Attorney Pat Richardson, and City Clerk Chris Green. II. CITIZEN COMMENT Barbara Reid, spoke in regards to the Federal Way Festival Parade and also spoke in regards to the construction on Pacific Highway South; she noted businesses have had a decrease in business during construction. III. 2005/2006 BIENNIAL BUDGET Department Presentations Management Services Director I wen Wang gave a presentation to Council regarding the 2005/2006 Biennial Budget. She briefed the Council on the total revenue and expenditures, the general and street operations and underlining assumptions. She gave additional information on the preliminary 2005 property tax levy and rate, and the projected 2007/2010 general/street operations. In conclusion she reviewed the reserves and contingencies and outlined the following budget meetings. IV. COUNCIL DISCUSSION & QUESTIONS V. ADJOURNMENT There being no further business to come before the Federal Way City Council, Mayor McColgan adjourned the special meeting at 7:02 p.m. I/o OR I GINAL