HomeMy WebLinkAboutResolution No. 2019-011 Bond Issue for a New Fire Station, Police Impound Facility and M&O Building and Refinance Debt RESOLUTION NO. 2019-011
A RESOLUTION OF THE CITY OF ARLINGTON
DIRECTING STAFF TO PROCEED WITH PREPARING FOR A BOND ISSUE FOR A NEW FIRE
STATION, POLICE IMPOUND FACILITY AND MAINTENANCE AND OPERATIONS BUILDING
AND TO REFINANCE DEBT
WHEREAS, the City staff has demonstrated to the City Council the vital needs of
the city for certain capital facilities; and
WHEREAS, Fire Station 48 and the Police Department Impound Facility are on
short-term leases and will be required to vacate their present locations by August of
2021 or sooner; and
WHEREAS, the City Maintenance and Operations Facility is old and in poor
condition and it is more cost-effective to construct new rather than repair said facility;
and
WHEREAS, the City staff can achieve savings in the City's lease payments through
relocating these facilities to help offset costs while maintaining service levels, and
through combining Fire Stations 47 and 48 into a single station; and
WHEREAS, the City Council has authority to issue councilmanic bonds for capital
projects up to certain limits established by the state; and
WHEREAS, the City Council can approve up to $8.2 million in councilmanic bonds
for these new capital construction projects, and also for debt consolidation relating to
the Graafstra property, without adversely impacting the City's debt position; and
WHEREAS, the City Council wishes to demonstrate support for the proposal;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
ARLINGTON, WASHINGTON AS FOLLOWS:
1. The Arlington City Council directs and authorizes staff to take the actions
necessary to prepare a bond issue in the approximate amount of$8.2 million to
complete the following:
a. Construction of anew Fire Station 48 along the 18000 block of Airport
Boulevard;
b. Construction of a new Police Impound Building and Maintenance and
Operations Facility on the existing Maintenance and Operations site; and
RESOLUTION NO. 2019-011
c. Consolidation and refinance of the Graafstra project debt in the approximate
sum of$3.2 million.
2. The City Council also anticipates and authorizes the use of approximately
$300,000 in uncommitted construction sales tax revenues for the foregoing
projects.
3. The City Council directs staff to bring the processes necessary to set these
events into motion and to be brought back for formal action at the soonest
opportunity.
ADOPTED by the City Council and APPROVED by the Mayor this 6th day of May,
2019.
CITY OF ARLINGTON
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Barbara Tolbert, Mayor
ATTEST:
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Erin Keator, City Clerk
APPROVED AS TO FORM:
Ste en J i e, &rAttorney
RESOLUTION NO. 2019-011