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Council MIN 10-23-1990 Special MINUTES FEDERAL WAY CITY COUNCIL CITY COUNCIL CHAMBERS - CITY HALL Federal Way, Washington SPECIAL SESSION October 23, 1990 - 7:00 P.M. I. CALL MEETING TO ORDER A special session of the Federal Way city council was called to order by Mayor Debra Ertel, on the 23rd day of October, 1990, at the hour of 7:01 p.m., 'in City Council Chambers, Federal Way City Hall, 31132 28th Avenue South, Federal Way, Washington. Councilmembers present: Jim Handmacher, Lynn Templeton, Deputy Mayor Gates, Joel Marks, Bob Stead and Jim Webster. Councilmembers absent: None. Staff present: J. Brent McFall, City Manager; Sandra Driscoll, City Attorney; Ken Nyberg, Assistant city Manager; Steve Anderson, Assistant City Manager; John Moir, Finance Director; Jim Shanks, Public Works Director; John Marchione, Management Assistant; and, Maureen Swaney, city Clerk. Media present: Leon Espinoza, Seattle Times; Joe Turner, Tacoma News Tribune, and Linda Elliott, Federal Way News. II. COUNCIL BUSINESS 1. BOND SALE BID AWARD Mr. McFall informed the council that the bond sale bids had been opened this date and recommended the council approve Resolution No. 90-42 to accept the proposal from Piper Jaffray & Hopwood, Inc. for the purchase of the bonds at a true interest rate of 6.252002. Mr. Moir explained how the true interest rate (TCI) is computed. He told the council that he had expected rates around 6.5%; the rate bid by Piper Jaffray & Hopwood reflects favorably on the city; it is very significant. ORIGINAL City Council Meeting Minutes October 23, 1990 - Page Two RESOLUTION 90-42 A Resolution of the City Council of Federal Way, Washington, approving an official statement and confirming acceptance of a proposal for the purchase of bonds of the City in the principal amount of $1,710,000, an~ fixing the interest rates on such bonds Motion for approval by Councilmember Stead; Second by Councilmember Webster. Prior to voting, Councilmember Marks said he would vote in opposition to this Resolution because he felt it was too early for the city to have bonded indebtedness. Motion passed as follows: - Ertel Handmacher Stead Webster Yes Yes Yes Yes Gates Marks Templeton Yes No Yes III. AUDIENCE COMMENT Rob Rueber, 1515 S. 350th, Federal Way, Washington, circulated two letters from the Chamber of Commerce, which are attached hereto as Exhibit "A-1" and "A-2" and made a part of the minutes. Summarizing the letters, the Chamber Board took a position on the issuance of business licenses and felt that a $10 charge was adequate; the Chamber Board took a position on the use of Evergreen Airfield and felt that it should be used for commercial and not public use. Bill Short, 4011 S.W. 321st, Federal Way, Washington, told the council he was opposed to the Evergreen Airfield proposal. Ron Gintz, 29825 24th Avenue S., Federal Way, Washington, informed the council he was against a business license fee and was against the city's proposed use of the Evergreen Airfield. He commented that the bond sale went well only because the bonds were short-term instruments. Councilmember Templeton reminded the audience that the council had not taken any position, as yet, on the business license fee and program. Byron Johnston, 2138 S.W. 17th Place, Federal Way, Washington, commented on the Federal Way solid waste proposal; he said he opposed the Evergreen Airfield proposal. city council Meeting Minutes October 23, 1990 - Page Three IV. ADJOURN SPECIAL SESSION Mayor Ertel declared the special session meeting adjourned at the hour of 7:27 p.m.. The council continued meeting in study session to discuss the Solid Waste Advisory Committee Report, to hear citizen suggestions for 1991 Budget, Fire District Presentation on Levy, September Financial Report and receive an Update on Business Registration Program a.~.~ aureen M. ane, CMC City Clerk tÐl~3 t16 ynS CKEATEK FEDEIIA' WtY CHAA/ßEI? OF COA/A/EI?CE . Jj-' EXHIBIT -.:L.- BOARD ADOPTED by the OF DIRECTORS of the WAY CHAMBER OF COMMERCE GREATER FEDERAL October 22) 1990 RECOMMENDATION: The Greater Federal Way Chamber of Commerce believes that businesses in Federal Way should not be burdened with an excessive business license fee. The Chamber) therefore opposes a $50.00 business license registration program. BACKGROUND: At the October Chamber of Commerce Membership Luncheon, ?D% of those survey op- posed a business license for Federal Way. Small busineS9 face an array of charges and taxes that makes survival in today's competitive market extremely difficult. An additional $50.00 would add one more "straw on the camel's back". Since several other community agencies (i.e. the Fire Department) have thè information that would be provided through a business registration utilizing this resource warrants further investigation. much of program) If after all avenues of gathering necessary information about Federal Way busi- neS9 is completed and justification for a business license has been adequately documented, the Board of Directors recommends a flat rate fee of $10.00 per year. Consideration should also be given towards a lesser charge on the renewal of a business license. First time set up costs of a business license would not be present on renewal, a two scaled rate structure should be implemented with re- newal business licenses costing less. f PO 80x .1444 Federal Ué~ Ué. 9806.1' 8.18-2605/927-2556 ) ö I~~s CKEATEK FEnEllA' W4Y CHMlIIEK OF COMMEKCE ADOPTED by the BOARD OF DIRECTORS of the FEDERAL WAY CHAMBER OF ",.:L EXHIBIT "!2.-- GREATER COMMERCE October 22, 1990 RECOMMENDATION: The Greater Federal Way Chamber of Commerce believes that ¡iven the level of residential ¡rowth experienced in the City of Federpl Way, an increased property tax base through commercial development is vital to provide an adequate level of service to all it's citizens. The Chamber therefore supports the Campus Park De- velopment known as the Evergreen Airstrip. BACKGROUND: The Board of Directors believes that additional parks and open space for Federal Way is important. The efforts of the city to enlist the input of community groups through the Park Task Force Committee to develop a 5 year plan on Parks, Open Space and Recreation Services is to be applauded. The purchase of the Evergreen Airstrip for a recreational/park/open space use at this time is premature and would possibly undermine the efforts of the Park Task Force Committee. A. Loss of Jobs & Revenue The Campus Park Development would create between 2 to 3 thousand jobs. (middle to upper end job positions) At the Economic Summit held in January of 1989, these types of jobs would considered a high priority. The Campus Park Development would add over 1 million square feet property to the City of Federal Way tax roles. of commercial B. Development Process The Evergreen Airstrip property represents the last major piece could be used for commercial development. of land that Continued condemnation threats of the property after the Campus Park has been granted the proper permits, does not send a good signal to others looking to in- vest their development dollars in the City of Federal Way. The Campus Park Development will provide needed infrastructure for the Federal Way. City of Citing these reasons, the Greater Federal Way Chamber of Commerce supports Campus Park Development. P,O Box 3444 Iffiera/ Uá}: Uá. 98063 . 838-2605/927-2556 the