Metropolitan King County Council
Meeting Minutes
May 21, 2024
Budget and Fiscal Management
8.
AN ORDINANCE relating to a capital improvement project; making a supplemental appropriation of
$37,691,109 to the building repair and replacement fund; and amending the 2023-2024 Biennial Budget
Ordinance, Ordinance 19546, Section 129, as amended, and Ordinance 19546, Attachment A, as
amended.
Zahilay
Sponsors:
Chair Upthegrove indicated that Councilmember Zahilay requested a one week delay
on item 8. Seeing no objection, the Chair so ordered.
This matter was Deferred
9.
AN ORDINANCE authorizing the issuance from time to time of limited tax general obligation notes
(commercial paper) of the county in an aggregate principal amount not to exceed $150,000,000
outstanding at any time to provide funding to finance or refinance county capital projects; providing for the
form, terms and covenants of such notes; providing for the sale of the notes in one or more series from
time to time; delegating authority to approve the issuance and sale of such notes within specified
parameters, to select one or more commercial paper dealers and to execute mode agreements, dealer
agreements, credit enhancement, liquidity facility, and related documents; and pledging the annual levy
of taxes to pay the principal of and interest on notes issued under this ordinance.
Zahilay
Sponsors:
April Sanders, Policy staff, briefed the Council and answered questions.
Councilmember Zahilay moved Amendment 1. The motion carried.
The enacted number is 19764.
A Public Hearing was held and closed. This matter was Passed as Amended
8 -
Yes:
Barón, Dembowski, Dunn, Mosqueda, Perry, Upthegrove, von Reichbauer,
and Zahilay
1 - Balducci
Excused:
10.
AN ORDINANCE approving the purchase of property by the King County executive located at 710
Second Avenue, Seattle, in council district eight.
Zahilay
Sponsors:
Chair Upthegrove indicated that Councilmember Zahilay requested a one week delay
on item 10. Seeing no objection, the Chair so ordered.
This matter was Deferred