Res 90-034
-
0072.16003
JDW/naa
04/17/90
RESOLUTION NO.
90-34
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF FEDERAL WAY, WASHINGTON, REQUESTING KING
COUNTY TO TURN CERTAIN FUNDS OVER TO THE CITY
WHICH HAVE BEEN DEPOSITED WITH THE COUNTY FOR
PURPOSES OF INSTALLATION OF A TRAFFIC SIGNAL AT
10TH AVENUE S.W. AND S. W. CAMPUS DRIVE, WITHIN
THE CITY LIMITS OF THE CITY OF FEDERAL WAY.
WHEREAS,
King County has collected $15,200
from two
developers as partial payment for the installation of a traffic
signal at 10th Avenue S. W. and S. W. Campus Drive to mitigate
the impacts from the proposed developments, and
WHEREAS, since the payment of said funds to King County
by the developers, the City of Federal Way has incorporated and
the intersection at which the proposed traffic signal is to be
installed is now within the corporate limits of the new City of
Federal Way, and
WHEREAS,
Amercon
Development
Corporation
has
volunteered to pay for the remainder of the cost of acquisition
and
installation
of
the
proposed
traffic
signal
at
said
intersection, in conjunction with a separate development over and
above the sums collected by King County, and
WHEREAS, it is in the interests of the public health,
safety and general welfare that said traffic signalization be
accomplished, NOW, THEREFORE,
THE
CITY
COUNCIL
OF
THE
CITY
OF
FEDERAL
WAY,
WASHINGTON, HEREBY RESOLVES AS FOLLOWS:
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COpy
section 1.
The city council of the City of Federal
Way, Washington, hereby requests that King County pay over to the
City the $15,200 which King County has collected to pay for a
portion
of
the
costs
of
the
traffic
signalization
at
the
intersection of 10th Avenue S. W. and S. W. Campus Drive.
The
sums that King County has collected consist of $4,300 from the
Polygon
Corporation
and
$10,900
from L &
H
Development
for
payment of their shares of the required traffic signalization;
that said sums,
together with any interest which has accrued
thereon,
should be turned over and delivered to the City of
Federal Way for the purpose of obtaining installation of said
traffic signalization.
section 2.
The City of Federal Way, upon the receipt
of
said
funds,
hereby
commits
to
spend
said
funds
for
the
installation of the traffic signal at the intersection of 10th
Avenue S. W. and S. W. Campus Drive, known as King County Project
No. 10003.3.
The city will see that said funds and any interest
accrued thereon shall be expended for the project and the purpose
for which said funds were deposited with the county.
RESOLVED by the City Council of the City of Federal Way
this 19th day of
June
, 1990.
AgOVE? : {?; ,
: (2 I Jl,Cv '1TI
MAYOR, DEBRA ERTEL
, CMC
FILED WITH THE CITY CLERK: May 4, 1990
PASSED BY THE CITY COUNCIL: June 19, 1990
RESOLUTION NO. 90-34
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