Drafter
Clerk 01/14/2010
Title
AN ORDINANCE authorizing the county executive to enter into an interlocal agreement with the King County Flood Control District for opportunity fund projects.
Body
STATEMENT OF FACTS:
1. The King County Flood Control District ("the district") was created by the King County council in April 2007. The King County council members ex officio constitute the Board of Supervisors of the District ("the board").
2. In Resolution 2007-02.3, passed November 15, 2007, the doard authorized an ad valorem property tax levy for collection beginning in 2008 in order to fund its annual flood protection work program. Ten percent of the revenues were allocated for a subregional opportunity fund to be used by King County's municipalities, subject to specific Washington state statutes.
3. In Resolution 2008-10.2, passed November 4, 2008, the board established an allocation process, eligibility criteria and a mechanism, which was an interlocal agreement, for distributing the district's opportunity funds to municipalities for eligible projects.
4. In Resolution 2009-02.1, passed March 16, 2009, the board approved a form of interlocal agreement between the district and King County municipalities, including the county, for the distribution of opportunity funds, and authorizing the district executive director to sign such agreements.
5. In July 2009, the board approved an interlocal agreement with King County, along with the corresponding budget allocation of $1,090,000 from 2008 and 2009 district property tax levy collections, for King County to implement five specific subregional flood control projects.
6. The $1,090,000 for implementation of the projects was allocated in King County's 2009 budget by the King County council.
7. In addition to providing the means of implementation for the current five opportunity fund projects, the interlocal agreement includes provisions relating to implementing and providing funding and accountability for fut...

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