HomeMy WebLinkAbout09/18/2024 4J
AGENDA BILL
CITY OF BREMERTON
CITY COUNCIL
SUBJECT:
Study SessionDate: September 11, 2024
COUNCIL MEETING Date: September 18, 2024
Department: Legal/Finance
Presenter: K. Finnell/M. Riley
Phone: (360) 473-2345
SUMMARY:BMC3.36.020 states, The proceeds ofsale of allGeneral Fund real property shall
bedepositedtotheContingencyReserve Fund.
Council has statedadesire to sellGeneralFundrealpropertyanduseproceedsforaffordable
housing.ThisamendmentallowsCouncil that flexibility.
Thiscode change was discussed at Finance,InvestmentandParkingCommitteeonAugust27,
2024.
ATTACHMENTS:OrdinanceamendingBMC3.36.020
FISCALIMPACTS(Include Budgeted Amount):None
STUDY SESSION ACTION:Consent AgendaGeneral BusinessPublic Hearing
RECOMMENDED MOTION:
Move to approve Ordinance Noamending BMC 3.36.020 toallow City Council to specify
the allocation ofGeneral Fund real property sale proceeds.
COUNCIL ACTION:Approve Deny Table Continue No Action
Form Updated 04/19/2024