Drafter
Clerk 09/24/2012
Title
AN ORDINANCE related to the housing opportunity acquisition fund; converting the fund from a first tier capital improvement fund to a first tier operating fund with no change to its purpose or operation; and amending Ordinance 9368, Sections 1 and 2, as amended, and K.C.C. 4.08.235 and Ordinance 12076, Section 9, as amended, and K.C.C. 4.08.015.
Body
STATEMENT OF FACTS:
1. Ordinance 9368, originally approved by the King County council on March 27, 1990, established the housing opportunity acquisition fund as a first tier capital improvement ("CIP") fund, designated as fund no. 0322, the purpose of which is to acquire, renovate and construct housing for low-income families, seniors at risk of displacement and homelessness, homeless individuals and persons with special housing needs funded by real estate excise tax.
2. The housing opportunity acquisition fund is used by the county primarily to fund low-income housing development and the provision of homeless assistance program services by community not-for-profit organizations, and King County does not acquire or hold title to any capital asset to the housing capital or services projects developed and supported under the fund.
3. Staff from the finance and business operations division and the office of performance, strategy and budget are in agreement that the housing opportunity acquisition fund functions more like an operating fund than a CIP fund with purposes not limited to acquisition, and should appropriately be reclassified to that of an operating fund named the Housing Opportunity Fund.
BE IT ORDAINED BY THE COUNCIL OF KING COUNTY:
SECTION 1. Ordinance 9368, Sections 1 and 2, as amended, and K.C.C. 4.08.235 is hereby amended to read as follows:
A. There is hereby ((established a)) created the housing opportunity fund((, a capital improvement fund, designated as fund no. 322)).
((This)) B. The fund shall be a first tier fund as described in ((K.C.C. 4.10.010)) this chapter. It is a special revenue fund.
C. The ((planning and community development division manager)) director of the department of community and human services shall be the manager of the fund ((manager)).
D. The ((purpose of the)) fund ((is to)) shall support non-county organizations which acquire, renovate ((and/or)), construct housing for very low to moderate-income individuals and families, ((seniors at risk of displacement and homelessness, homeless individuals and persons with special housing needs)) including homeless households and households with special housing needs by securing a property interest in each project. The fund may also support housing operating costs, rental assistance and services for low-income individuals and families, including homeless households and households with special housing needs. ((Real estate excise tax will be used to support the fund)).
SECTION 2. Ordinance 12076, Section 9, as amended, and K.C.C. 4.08.015 is hereby amended to read as follows:
A. First tier funds and fund managers are as follows:
Fund No. Fund Title Fund Manager
103 County Road Dept. of Transportation
104 Solid Waste Landfill Post Closure Dept. of Natural Resources and
Maintenance Parks
106 Veterans' Relief Dept. of Community and Human
Services
108 Department of Community and Dept. of Community and Human
Human Services Administration Services
109 Recorder's O & M Dept. of Executive Services
111 Enhanced-911 Emergency Tel System Dept. of Executive Services
112 Mental Health Dept. of Community and Human
Services
113-5 Mental Illness and Drug Dependency Dept. of Community and Human
Services
114-1 Veterans' Services Levy Dept. of Community and Human
Services
114-2 Health and Human Services Levy Dept. of Community and Human
Services
115 Road Improvement Guaranty Dept. of Transportation
117 Arts and Cultural Development Dept. of Executive Services
119 Emergency Medical Services Dept. of Public Health
121 Surface Water Management Dept. of Natural Resources and
Parks
122 Automated Fingerprint Identification Dept. of Public Safety
System
124 Citizen Councilor Revolving Auditor
128 Local Hazardous Waste Dept. of Public Health
129 Youth Sports Facilities Grant Dept. of Natural Resources and
Parks
131 Noxious weed control fund Dept. of Natural Resources and
Parks
134 Development and Environmental Services Dept. of Development and
Environmental Services
137 Clark Contract Administration Office of Performance, Strategy
and Budget
138 Parks Trust and Contribution Dept. of Natural Resources and
Parks
139 Risk Abatement Office of Performance, Strategy
and Budget
145 Parks and Recreation Dept. of Natural Resources and
Parks
156-1 KC Flood Control Operating Contract Dept. of Natural Resources and
Parks
164 Two-Tenths Sales Tax Revenue Dept. of Transportation
Receiving
165 Public Transit Self Insurance Dept. of Transportation
215 Grants tier 1 fund Dept. of Executive Services
216 Cultural Resource Mitigation Fund Office of Performance, Strategy
and Budget
246-4 Housing Opportunity Fund Dept. of Community and
Human Services
315 Conservation Futures Dept. of Natural Resources and
Parks
316 Parks, Rec. and Open Space Dept. of Executive Services
320 Public Art Fund Dept. of Executive Services
((322 Housing Opportunity Acquisition Dept. of Community and Human
Services))
329 SWM CIP Construction 1992-1997 Dept. of Natural Resources and
Parks
331 Long-Term Leases Dept. of Executive Services
338 Airport Construction Dept. of Transportation
339 Working Forest 1995 B Dept. of Natural Resources and
Parks
340 Park Lands Acquisition 1993 Dept. of Natural Resources and
Parks
340-3 Urban Reforestation and Habitat Dept. of Natural Resources and
Restoration Parks
341 Arts and Historic Preservation Capital Dept. of Executive Services
342 Major Maintenance Reserve Dept. of Executive Services
346 Regional Justice Center Construction Dept. of Executive Services
347 Emergency Communications System Dept. of Executive Services
349 Parks Facilities Rehabilitation Dept. of Executive Services
350 Open Space Acquisition Dept. of Natural Resources and
Parks
357-1 KC Flood Control Capital Contract Dept. of Natural Resources and
Parks
358 Parks Capital Fund Dept. of Natural Resources and
Parks
364-3 Transit Cross-Border Lease Financing Dept. of Executive Services
Fund
368 Real Estate Excise Tax Capital Dept. of Executive Services
Summary Fund
369 Transfer of Development Credits Dept. of Natural Resources Parks
Program (TDC) Fund
377-1 KCIT Capital Fund Dept. of Information Technology
378 KCIT Enterprise Services Capital Dept. of Information Technology
Improvement Fund
381 Solid Waste Cap Equip Recovery Dept. of Natural Resources and
Parks
383 Solid Waste Environmental Reserve Dept. of Natural Resources and
Parks
384 Farmland and Open Space Acquisition Dept. of Natural Resources and
Parks
385 Renton Maintenance Fac. Const Dept. of Transportation
386 County Road Construction Dept. of Transportation
390 Solid Waste Construction Dept. of Natural Resources and
Parks
391 Landfill Reserve Dept. of Natural Resources and
Parks
394 Kingdome CIP Dept. of Executive Services
395 Building Capital Improvement Dept. of Executive Services
396 HMC Building Repair and Replacement Dept. of Executive Services
404 Solid Waste Operating Dept. of Natural Resources and
Parks
429 Airport Operating Dept. of Transportation
453-1 Institutional Network Operating Fund Dept. of Information Technology
461 Water Quality Dept. of Natural Resources and
Parks
464 Public Transportation Dept. of Transportation
542 Safety and Workers' Compensation Dept. of Executive Services
544 Wastewater Equipment Rental and Dept. of Transportation\par Revolving Fund
546 Department of Executive Service Dept. of Information Technology
Equipment Replacement
547 KCIT Strategy and Performance Dept. of Information Technology
Operating Fund
550 Employee Benefits Program Dept. of Executive Services
551 Facilities Management Dept. of Executive Services
552 Insurance Dept. of Executive Services
557 Public Works Equipment Rental Dept. of Transportation
558 Motor Pool Equipment Rental Dept. of Transportation
603 Cultural Resources Endowment Dept. of Executive Services
622 Judicial Administration Trust and Dept. of Judicial
Agency Administration
624 School District Impact Fee Office of Performance, Strategy
and Budget
674 Refunded Ltd GO Bond Rdmp. Dept. of Executive Services
675 Refunded Unltd GO Bond Dept. of Executive Services
676 H&CD Escrow Dept. of Executive Services
693 Deferred Compensation Dept. of Executive Services
694 Employee Giving Program Dept. of Executive
Contributions Services
696 Mitigation Payment System Dept. of Transportation
840 Limited GO Bond Redemption Dept. of Executive Services
843 DMS Limited GO Bonds Dept. of Executive Services
851 Stadium GO Bond Redemption Dept. of Executive Services
890 ULID Assessment - 1981 Dept. of Transportation
1010 Climate Exchange Fund Office of Performance, Strategy
and Budget
1411 Rainy Day Reserve Office of Performance, Strategy
and Budget
1421 Children and Families Services Dept. of Community and Human
Services
1432 Animal Bequest Fund Dept. of Executive Services
1471 Historical Preservation and Historical Dept. of Executive Services
Programs Fund
1590 Marine Division Operating Fund Dept. of Transportation
3590 Marine Division Capital Fund Dept. of Transportation
5490 Business Resource Center Fund Dept. of Executive Services
B. The following shall also be first tier funds:
1. All funds now or hereafter established by ordinance for capital construction through specific road improvement districts, utility local improvement districts or local improvement districts. The director of the department of transportation shall be the fund manager for transportation-related funds. The director of the department of natural resources and parks shall be the fund manager for utility-related funds.
2. All county funds that receive original proceeds of borrowings made under Chapter 216, Washington Laws of 1982, as now existing or hereafter amended, to the extent of the amounts then outstanding for the borrowings for that fund. For purposes of this subsection, the director of the county department or office primarily responsible for expenditures from that fund shall be the fund manager.
3. Any other fund as the council may hereinafter prescribe by ordinance to be
invested for its own benefit. County funds shall be treated as provided in K.C.C. 4.10.110 unless a designation is made by the council.