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ORD 06-519ORDINANCE NO. — l" 1 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF FEDERAL WAY, WASHINGTON, AMENDING SECTION 1 OF ORDINANCE NO. 95 -240 REGARDING THE CITIZEN OVERSIGHT COMMITTEE AND EXPENDITURE OF EXCESS BOND FUNDS. WHEREAS, the Federal Way City Council enacted Ordinance No. 95 -240 on August 24, 1995, authorizing an advisory ballot proposition in a special election to levy a utility tax for the purpose of providing funds for traffic, street and park improvements; and WHEREAS, the third paragraph of the recitals specifically stated that it was "not legally required, [but] the City Council desires to submit to the qualified electors the questions" regarding the levy; and WHEREAS, Section 1 of Ordinance No. 95 -240, provides that the City Council would appoint a Citizen Oversight Committee in the event that the ten identified projects could not be constructed and proceeds from the bond funds remained available for the purpose of recommending other projects; and WHEREAS, the ten identified projects were completed in 2002, with a remaining balance totals $340,000; and 2004; and WHEREAS, City Council authorized the construction of the Community Center in WHEREAS, the SEPA mitigation for the Community Center requires a traffic signal at S. 333rd St. and Is' Way S., which is required before opening the Community Center; and WHEREAS, Staff recommended the use of the remaining 1995 bonds money to fund the SEPA mitigation traffic signal at the mid - biennium budget adjustment presentation in November, 2005; and WHEREAS, the traffic signal at S. 333d St. and Is' Way S. is similar to the type of 1995 identified projects; and WHEREAS, City Council- allocated the remaining 1995 bond funds for the traffic signal at S. 333 d St. and is` Way S. on December 6, 2005, and has authorized bidding of the project; and WHEREAS, City Council has not appointed a Citizen Oversight Committee; and WHEREAS, the City Council finds it in the best interest of the citizens to modify Section 1 of Ordinance No. 95 -240 as a housekeeping matter to accurately reflect City Council's actions; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF FEDERAL WAY, WASHINGTON, DOES HEREBY ORDAIN AS FOLLOWS: Section 1 is amended as Follows: Section 1. Traffic, Street and Park Improvements. The City Council hereby finds that it is in the best interests of the residents of the City to construct the traffic and street improvements listed on Exhibit A to this ordinance and develop Celebration Park as illustrated on Exhibit B to this ordinance. The estimated cost of the traffic and street improvements is $7,500,000 and the park improvements are $7,500,000. The City Council shall determine the exact specifications for such improvements. If the City Council determines that it is impractical or not in the public interest or that sufficient funds are not available to construct any portion of the improvements, the City shall not be required to construct such portions. Hall of the improvements so described have been constructed or found to be impractical or not in the public interest, and proceeds from the bonds described in Section 3 remain available, the City Council shall appoint a Citizen Oversight Committee. The Committee will make a recommendation to apply such bond proceeds for the construction or acquisition of other projects to the City Council. The City Council may then either apply the bond proceeds to repay the bonds described in Section 3 or to pay for other projects recommended by the Citizen Oversight Committee, as the City Council shall determine. Since all of the identified improvements have been constructed and $340,000 of the. bond proceeds remains available the City Council has determined to not form a Citizen Oversight Committee and allocate the $340,000 bond proceeds to the traffic signal at S. 333rd St. and lst Way S. to satisfy mitigation for the Community Center, the City Council authorizes $340,000 for the traffic signal at S. 333rd St. and ls` Way S. without the recommendation of the Citizen Oversight Committee. Section 2. Severability. The provisions of this ordinance are declared separate and severable. The invalidity of any clause, sentence, paragraph, subdivision, section, or portion of this ordinance or the invalidity of the application thereof to any person or circumstance, shall not affect the validity of the remainder of the ordinance, or the validity of its application to other persons or circumstances. Section 3. Ratification. Any act consistent with the authority and prior to the effective date of this ordinance is hereby ratified and affirmed. Section 4. Effective Date. This ordinance shall take effect and be in force five (5) days from and after its passage, approval, and publication, as provided by law. PASSED by the City Council of the City of Federal Way this day of wv , 2006. CITY OF FEDERAL WAY MAYOR, MICR PA K ATTEST: q� "�: K, p Iml, CITY CLE , LAURA AlkTHAWAY, CMC APPROVED AS TO FORM: CITY ATTORNEY, PATRICIA RICHARDSON FILED WITH THE CITY CLERK: �IZ� PASSED BY TH CITY COUNCIL: PUBLISHED: ?j�Z'FD— I 0(P EFFECTIVE DATE: 3) --30) 0 U ORDINANCE NO. 0(a—CD161 KAORDIN \Citizen Oversight Comm Revision3