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AN ORDINANCE making a supplemental appropriation of $12, 785,000 from the Harborview Medical Center/medical examiner improvement 2000 projects subfund, to provide funding for four separate projects in continued support of the Harborview Medical Center/medical examiner stabilization and critical care expansion project; and amending the 2003 Budget Ordinance, Ordinance 14517, Section 118, as amended.
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BE IT ORDAINED BY THE COUNCIL OF KING COUNTY:
SECTION 1. Findings of fact. The council makes the following findings of fact:
A. Harborview Medical Center provides essential public health services and is managed by the University of Washington under the management and operations contract. The Harborview Medical Center board of trustees ("board") has requested a modification to the adopted Harborview bond capital plan to provide for the construction of additional facilities as set forth in Attachment 1 to this ordinance. These facilities provide an opportunity to enhance the excellence of the medical center, focusing on clinical care and research in areas of significant public health concern.
B. The board has made the following financial commitments to King County to ensure the repayment of bonds that may be issued for that purpose without use of general county revenues and to ensure that the modification is a prudent public investment of scarce capital resources.
C. For the Ninth and Jefferson Building parking project, additional funds of $6,010,700 are planned to be financed from county-issued bonds. This amount is in addition to $18,200,000 of parking costs in the core existing project to be financed from the same source. The board has committed to King County that:
1. Funds shall be repaid from Harborview Medical Center ("HMC") parking proceeds;
2. HMC will maintain a separate accounting for all revenues and costs of parking operations; and
3. HMC will use a parking rate schedule providing no less financial coverage tha...

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