Res 09-564RESOLUTION NO. 09-564
A RESOLUTION of the City Council of the City of Federal Way,
Washington, Amending Resolution No. 05-460 for the Sole Purpose of
Funding a Portion of the Program for the Business Incubator Project
Proposed by the Chamber of Commerce.
WHEREAS, on October 18, 2005 the City Council of the City of Federal Way established a
Downto�vn Redevelopment Fund to encourage catalyst redevelopment projects in accordance with
the Leland Consulting Group's "City Center Redevelopment Strateg}�'; and
WHEREAS, the City Council determined that the use of the monies in the Redevelopment
Fund would be limited to four general purposes: (1) positioning or acquisition of real property for
redevelopment, (2) contribution to public infrastructure improvements, (3) contribution to public
open spaces, and (4) contribution to public parking facilities; and
WHEREAS, on October 6, 2009, the City Council authorized the one time expenditure from
the Redevelopment Fund of One Hundred Thousand Dollars ($100,000) in 2010 and 2011 for the
purpose of contributing to a portion of the program of Business Incubator Project designed to create
jobs in Federal Way; and
WHEREAS, the City Council wishes to amend Section 3 of Resolution Na OS-460 to
authorize the one time allocation of Two Hundred Thousand Dollars ($200,000) One Hundred
Thousand Dollars ($100,000) in 2010 and One Hundred Thousand Dollars ($100,000) in 2011 for
the Business Incubator Project.
NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF FEDERAL WAY,
RESOLVES AS FOLLOWS:
Resolution No.09-S64 Page 1 of 3
Section 1. Resolution No. OS-460, Section 3, shall be amended as follows:
Section 3. Use of Funds. Use of City Center Redevelopment Fund monies shall be
for one of four general purposes, consistent with the City Council Resolution No. OS-
459: positioning or acquisition of real property for redevelopment; contribution to
public infrastructure improvements; contribution to public open spaces; or
contribution to public parking facilities. There shall also be a one time contribution
of One Hundred Thousand Dollars ($100,000) in 2010 and of One Hundred
Thousand Dollars in 2011, for a total of Two Hundred Thousand Dollars ($200,000),
towards a portion of the pro�ram for the Business Incubator Project, which is
designed to create jobs in Federal Wa,�
Section 2. Severabilitv. 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 3. 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 4. Ratification. Any act consistent with the authority and prior to the effective date
of this resolution is hereby ratified and affirmed.
Resolution No.09-564 Page 2 of 3
Section 5. Effective Date. This resolution shall be effective immediately upon passage by
the Federal Way City Council.
RESOLVED BY THE CITY COUNCIL OF THE CITY OF FEDER.AL WAY,
WASHINGTON this 3 day of November, 2009.
ATTEST:
G
CITY CLERK, C OL MC ILLY, CMC
APPROVED AS TO FORM:
(if
C Y ATTORNEY, PATRICIA A. RICHARDSON
FILED WITH THE CITY CLERK: 10-27-2009
PASSED BY THE CITY COLJNCIL: 11-03-2009
RESOLUTION NO.: 09-564
Resolution No.09-564 Page 3 of 3
CITY OF FEDER.AL WAY