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RES 15-676 - Authorizing FW Coalition of the Performing Arts RESOLUTION NO. 15-676 A RESOLUTION of the City Council of the City of Federal Way, Washington, authorizing the Federal Way Coalition of the Performing Arts (FWCPA) to manage the local capital campaign and to submit all funds collected from the campaign to the City of Federal Way. WHEREAS,the Council approved and the Mayor signed a memorandum of understanding with the Federal Way Coalition of the Performing Arts (FWCPA) on June 21, 2013 for the PACC Capital Fundraising Campaign(the MOU); and WHEREAS, the City agreed in the MOU to provide a specific account for receipt of the fundraising monies and to administer the financial accounting of the account; and WHEREAS, the City is committed to depositing the fundraising monies into a special account to be used exclusively for the construction of the Performing Art and Conference Center; and WHEREAS,the City Council desires the finance director to provide written instruction to the FWCPA on the deposit and reporting of the receipt, 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 commit to keep the said fund for the use in the construction of the PACC only and to track the collection in a way to allow refund of the receipts to the original owners should the City decide not to build the PACC. Section 2. The Finance Director is hereby directed to provide written instruction to the FWCPA on the deposit and reporting of the receipted funds. Resolution No. 15-676 Page 1 of 3 Rev 1/10 Section 3. 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 4. 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 5. Ratification. Any act consistent with the authority and prior to the effective date of this resolution is hereby ratified and affirmed. Section 6. Effective Date. This resolution shall be effective immediately upon passage by the Federal Way City Cit Council. RESOLVED BY THE CITY COUNCIL OF THE CITY OF FEDERAL WAY, WASHINGTON this 3r1 day of February, 2015. CITY OF FEDERAL WAY LAr ■ : OR, JIM FERRELL ATTEST: / `tA .it ` i4i ii „; II LERK, STEPHANIE COI'TNEY, CMC Resolution No. 15-676 Pa g e 2 o f 3 Rev 1/10 APPROVED AS TO FORM: - / /, . , CITY AT" r EY,AMY JO PEARSALL FILED WITH THE CITY CLERK: 01/27/2015 PASSED BY THE CITY COUNCIL: 02/03/2015 RESOLUTION NO.: 15-676 Resolution No. 15-676 Page 3 of 3 Rev I/10