Res 12-613RESOLUTION NO. 12-613
A RESOLUTION of the City Council of the City of Federal Way,
Washington, Amending the Distribution of Monies in the Redevelopment
Fund Resolution Nos. OS-460, 09-564 and 10-573 for the Sole Purpose of
Providing Funds to the South Sound Regional Business Incubator in
2012 and 2013.
WHEREAS, on October 18, 2005 the City Council of the City of Federal Way established a
Downtown Redevelopment Fund to encourage catalyst redevelopment projects in accordance with
the Leland Consulting Group's "City Center Redevelopment Strategy"; 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 20, 2009, the City Council amended Resolution No. OS-460 to
authorize 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 South
Sound Regional Business Incubator designed to create jobs in Federal Way; and
WHEREAS, on January 26; 2010, the City Council amended Section 3 of Resolution Nos.
OS-460 and 09-564 to authorize the one-time allocation of Two Hundred Fifty Thousand Dollars
($250,000) for the implementation plan for a medical device innovation and commercialization
incubator to create jobs in Federal Way; and
WHEREAS, on January 17, 2012 the City Council wishes to amend Section 3 of Resolution
Nos. OS-460, 09-564 and 10-573 to authorize the one-time allocation of Thirty Thousand Dollars
($30,000) each in 2012 and 2013 to contribute funding to the South Sound Regional Business
Resolution No.12-613 Page 1 of 4
Incubator designed to create jobs in Federal Way.
NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF FEDERAL WAY,
RESOLVES AS FOLLOWS:
Section 1. Resolution Nos. OS-460, 09-564, and 10-573, Section 3, shall be amended as
follows:
Section 3. Use of Funds. Use of City Center Redevelopment Fund monies sha11 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.
A. 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 program for the
Business Incubator Project, which is designed to create jobs in
Federal Way.
B. There shall also be a one time contribution of Two Hundred
Forty-five Thousand Dollars ($245,000) for the implementation
plan for a medical device innovation and commercialization
incubator to create jobs in Federal Way.
C. There shall also be a one-time contribution of Thirty Thousand
Resolution No.12-613 Page 2 of 4
Dollars ($30 000) in 2012 and Thirty Thousand Dollars ($30 000)
in 2013 towards a portion of the pro�ram for the South Sound
Regional Business Incubator which is desig�ed to create jobs in
Federal Wav.
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.
Section 5. Effective Date. This resolution sha11 be effective immediately upon passage by
the Federal Way City Council.
RESOLVED BY THE CITY COUNCIL OF THE CITY OF FEDERAL WAY,
WASHINGTON this 17�' day of January, 2012.
CITY OF FEDERAL WAY
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MAYOR, S P PRIEST
Resolution No.12-613 Page 3 of 4
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CITY CLERK, CAROL MC EILLY, C
APPROVED AS TO FORM:
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CI Y ATTORNEY, PATRICIA A. RICHARDSON
FILED WITH THE CITY CLERK: 1-10-2012
PASSED BY THE CITY COLINCIL: 1-17-2012
RESOLUTION NO.: 12-613
Resolution No.12-613 Page 4 of 4