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HomeMy WebLinkAbout11/02/2016 7C AGENDA BILL �C CITY OF BREMERTON CITY COUNCIL SUBJECT: Ordinance No. 5307 amending Study Session Date: 10/26/16 BMC 3.50.050 to allocate Stormwater Fees COUNCIL MEETING Date: 11/02/16 or Taxes Collected for Street Improvements Department: Finance/City Council Presenter: Cathy Johnson/ Council President Phone: (360)473-5296 SUMMARY: The proposed ordinance amends Section 3.50.050 of the Bremerton Municipal Code to allocate a percentage of stormwater fees or taxes to the Transportation Capital Fund for the purpose of funding street improvements within the City. ATTACHMENTS: 1)Ordinance No. 5307 amending Chapter 3.50 BMC FISCAL IMPACTS (Include Budgeted Amount): With this change It is anticipated that approximately $260,000 will be allocated to the Transportation Capital fund in 2017. If this ordinance is not approved that amount will continue to be posted as General Fund revenue. STUDY SESSION AGENDA: o No Presentation ❑ Full Presentation STUDY SESSION ACTION: ❑ Consent Agenda o General Business ❑ Public Hearing RECOMMENDED MOTION: Move to pass Ordinance No. 5307 amending Section 3.50.050 of the Bremerton Municipal Code relating to the allocation of stormwater fees or taxes collected for street improvements. COUNCIL ACTION: [�Approve ❑ Deny ❑ Table ❑ Continue ❑ No Action Form Updated 01/07/15