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Res 94-173 RESOLUTION NO. 94-173 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF FEDERAL WAY, WASHINGTON, AUTHORIZING ACCEPTANCE OF MONIES AND DIRECTING EXECUTION OF AN AGREEMENT TO ACCEPT FUNDS FROM VARIOUS STATE AND FEDERAL SOURCES FOR ESTABLISHING PROJECTS WITHIN THE GRANT FUND, AND AUTHORIZING MATCHING FUNDS BY THE CITY IN CERTAIN CASES. WHEREAS, cities are charged with providing and maintaining public infrastructure, transportation systems and public projects necessary to maintain and improve the public health, safety and welfare; and WHEREAS, the financial resources of cities to provide these necessary service and improvements are limited; and WHEREAS, various state and federal sources have special funds available to supplement city projects, which are awarded on a competitive and weighted project basis; and WHEREAS, the City staff has aggressively pursued obtaining these funds in order to maximize the local public benefits of these funds; and WHEREAS, the grants identified herein will net the city of Federal way a total of One Million Four Hundred Eight Thousand Dollars and NO¡100 ($1,408,000.00), which would otherwise have to be funded totally from local revenue sources, and which will require a total city match of Three Million Seven-Two Thousand Thirty-Four Dollars and NO¡100 ($3,072,034.00), thus resulting in maximum leverage of local tax dollars; NOW, THEREFORE, RES # 94-173 , PAGE 1 COpy ( THE CITY COUNCIL OF THE CITY OF FEDERAL WAY, WASHINGTON, DOES HEREBY RESOLVE AS FOLLOWS: Section 1. Aareements Authorized. For all projects identified in Column 1 of Exhibit A, attached hereto and incorporated herein by this reference, the City Manager or his or her designated representative is authorized and directed to execute such agreements with the Federal and State agencies identified in Column 2 of Exhibit A as are necessary to accept the state and federal grant monies identified in Column 3 of Exhibit A. section 2. Matchina Funds Authorized. Pursuant to any necessary grant agreement, the city commits to supply matching funds, if any are required, and the maximum amount identified in Column 4 of Exhibit A, specific to each grant project. section 3 . Receipt of Funds Authorized. The City Manager or his or her designee is hereby authorized to receive the state and federal fund monies identified in column 3 of Exhibit A attached hereto. section 4. Creation of Grant Fund proiect Authorized. At the time of execution of each agreement and acceptance of the grant funds specific to that agreement, a separate project shall be established within the Grant Miscellaneous Government Fund, into which monies specific to that grant project shall be deposited. section 5. Manaaer Shall Administer Funds. The city Manager or his or her designated representative shall have responsibility for the administration of the state and/or federal grant monies received. RES # 94~173 , PAGE 2 ( (' section 6. Identification of Source of Funds. The approximate amounts and anticipated sources of revenue for the grant fund projects are identified in Exhibit A attached hereto. Section 7. Ratification. Any act consistent with the authority and prior to the effective date of this resolution is hereby ratified and affirmed. Section 8. 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 10. 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 ~ day of Kay , 1994. CITY OF FEDERAL WAY, WASHINGTON MA*~ d~ ANEY, CMC LAKE FILED WITH THE CITY CLERK: April 26, 1994 PASSED BY THE CITY COUNCIL: Kay 3, 1994 RESOLUTION NO. 94-173 MARYK\RES\GENGRANT .PRK RES # 94-173 , PAGE 3 r EXHffilT A Column 1 Column 2 Column 3 Column 4 Column 5 I PROJECT I SOURCE ! GRANT AMOUNT! CITY MATCH ! FUND TOTAL SaghaIie Park lAC $300,000 $2,492,620 $2,792,620 Steel Lake Park lAC 300,000 319,414 619,414 BPA Phase I ISTEA 333,000 141,000 474,000 BPA Phase II ISTEA 475,000 119,000 594,000