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RES 14-672RESOLUTION NO. #14 -672 A RESOLUTION of the City Council of the City of Federal Way, Washington, Requesting Federal Funding Assistance for Construction of the Performing Arts and Conference Center WHEREAS, the City Council unanimously voted to approve construction of the performing arts and conference center in downtown Federal Way; and WHEREAS, construction of the facility will create direct spending of $59 million in the downtown and create more than 300 family wage, union jobs; and WHEREAS, ongoing operation of the facility will generate each year approximately $3.2 million in direct spending and 29 new jobs; and WHEREAS, construction and operation of the performing arts and conference center is expected to spur additional business investment in Federal Way's downtown, thus creating a jobs center for South King County; and WHEREAS, the City of Federal Way has identified $19.04 million of the estimated $32.75 million construction cost, including allocating $9.97 million in city funds; and WHEREAS, the City of Federal Way is seeking to complete project funding through a variety of sources including state and federal funding, private and public grants, a local capital campaign, naming rights and New Market Tax Credits. NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF FEDERAL WAY, RESOLVES AS FOLLOWS: Section 1. We the undersigned Mayor and City Council of Federal Way do hereby request Federal Funding assistance for construction of the Federal Way performing arts and conference Resolution No. 14 -672 Page 1 of 3 Rev l /10 center. Section 2. Severability. 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 shall be effective immediately upon passage by the Federal Way City Council. RESOLVED BY THE CITY COUNCIL OF THE CITY OF FEDERAL WAY, WASHINGTON this 18th day of November, 2014 C OF FE ERAL WAY AYOR, JIM FERRELL ATTEST: 11./t VVWIV-Yl IT tLERK, STEPHAN OURTNEY, CMC Resolution No. 14 -672 Page 2 of 3 Rev 1/10 APPROVED AS TO FORM: aM44, Iz,,;, aMtd/ CITY A E , AMY JO PEARSALL FILED WITH THE CITY CLERK: 11/14/2014 PASSED BY THE CITY COUNCIL: 11/18/2014 RESOLUTION NO.: 14 -672 Resolution No. 14 -672 Page 3 of 3 Rev 1 /10