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Resolution 1523RESOLUTION NO. 1523 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF EDMONDS, WASHINGTON, ESTABLISHING EXPECTATIONS FOR CITY EXPENDITURES RELATED TO THE IMPLEMENTATION OF THE MEMORANDUM OF UNDERSTANDING BETWEEN THE CITY OF EDMONDS AND WSDOT RELATED TO THE ACQUISITION OF THE FORMER UNOCAL PROPERTY. WHEREAS, on May 23, 2023, the city council authorized the mayor to execute a memorandum of understanding with WSDOT concerning the former Unocal bulk fuel terminal (the "MOU"); and WHEREAS, the MOU places the city on a non -binding course to eventually acquire the property that is the subject of the MOU (the "Property"); and WHEREAS, the city's primary interest in the Property is to improve the environmental functions and values of the Edmonds Marsh and to pursue associated long-term habitat restoration; and WHEREAS, the City of Edmonds recognizes that acquiring the property is one of two or more ways to achieve the City's primary interest in the property as detailed above; and WHEREAS, the Department of Ecology is preparing to hold a 45-day public comment period and public meeting for the Property by the end of 2023 with a target of late summer; and WHEREAS, the city may soon find it appropriate to engage consultants to advise the City on how best to inform and/or influence the forthcoming Department of Ecology process and/or to perform other due diligence and planning activities related to the Property; and WHEREAS, the city is still in the early stages of evaluating the various risks and opportunities related to possible acquisition of the Property; and WHEREAS, the city council has expressed a desire to evaluate a spending plan for implementation of these MOU-related activities; and WHEREAS, the council president and mayor have discussed the mutual benefits of the council's deliberation and action on a spending plan for implementation of these MOU-related activities; now therefore, THE CITY COUNCIL OF THE CITY OF EDMONDS, WASHINGTON, HEREBY RESOLVES AS FOLLOWS: Section I. The city council wants to establish a collaboration with the administration to develop a budget before the administration spends additional resources related to the MOU or the Property. 1 Section 2. The city council requests that the administration provide the city council with an outline of the types and approximate amounts of expenses that might be incurred in the 2023 fiscal year to further the city's interests with respect to the MOU and the Property. Section 3. The city council requests that the mayor's proposed budget for 2024 contain a section that details the types and approximate amounts of expenses that might be incurred in 2024 to further the city's interests with respect to the MOU and the Property. RESOLVED this 27th day of June, 2023. CITY OF EDMONDS MA R, 1KE NELSON ATTEST: S-X-� - CITY CLERK, TT PASSEY FILED WITH THE CITY CLERK: June 23, 2023 PASSED BY THE CITY COUNCIL: June 27, 2023 RESOLUTION NO. 1523