FC062717FINANCE COMMITTEE MEETING
June 27, 2017
Elected Officials Present Staff Present
Councilmember Dave Teitzel Patrick Doherty, Econ. Dev./Comm. Serv. Dir.
Council President Thomas Mesaros Dave Turley, Assistant Finance Director
Mayor Dave Earling (intermittently) Jeannie Dines, Recorder
The meeting was called to order at 8:19 p.m. in Council Chambers.
Resolution of Intent to Designate Highway 99 Subarea as a Residential Targeted Area
Mr. Doherty explained this is the beginning of the process to designate the Hwy 99 Subarea as a
Residential Target Area for implementation of the Multifamily Tax Exemption (MFTE) to encourage
residential development. Steps for approval are, 1) Council expresses in a resolution its intent to
designate the area as a Residential Target Area and sets a public hearing, 2) the public hearing is
held, and 3) the Council considers designating the area via a second resolution. Minor code
amendments will be required to add the Hwy 99 Subarea. The intent is to have the Hwy 99 Subarea
Plan, code provisions, transportation revisions, EIS and the MFTE approved at one Council meeting.
He recommended forwarding the resolution to the July 18 full Council agenda to inform the public of
the public process.
Mr. Doherty clarified MFTE is intended to encourage desired redevelopment in pursuit of approved
plans as development occurs and that includes affordable housing; the program does not ensure that
development in its entirety will be affordable housing. Discussion followed regarding the process and
MFTE in Westgate.
Action: Schedule as action item for full Council on July 18.
2. April Monthly Financial Report
Councilmember Teitzel recalled at the previous meeting, the committee discussed establishing policies
for various funds and asked about next steps. Mr. Turley suggested inventorying existing policies first.
Council President Mesaros suggested establishing a system for categorizing policies first. He
suggested researching other cities' systems and refine to fit Edmonds. Councilmember Teitzel recalled
Lynnwood had a good model. Mr. Turley said it would not be a quick project but it was doable.
Councilmember Teitzel asked about status of the facility condition report. He was particularly interested
in the Boys & Girls Club building and programmatically what it can provide and the investment
necessary to bring it up to code. He relayed the Historic Preservation Commission feels it should be
retained and possibly moved.
Discussion followed regarding adopting policies via resolution versus ordinance, process for developing
policies, establishing a reserve policy, and the date of the audit exit conference.
Mr. Turley responded to questions regarding the April Financial Report and offered to research
questions for which answers were not readily available. Councilmember Teitzel referred to the pie chart
of sales tax analysis by category, pointing out 54% of the City's sales tax comes from 3 sources which
illustrates the need to diversify.
06/27/17 Finance Committee Minutes, Page 2
Action: Schedule on Consent Agenda
3. Miscellaneous
Councilmember Teitzel requested the analysis that was done when the City changed from having its
own library to joining the Sno-Isle Library System. He raised several issues such as the possibility of
the library becoming obsolete over time, whether the library is the highest and best use of that building,
whether another use could occupy the library building, whether it is better for the City or Sno-Isle to
operate the library, and Edmonds' per capita contribute to Sno-Isle compared to other cities in the
system. Councilmember Teitzel submitted a list of questions.
Action: Committee members Teitzel and Buckshnis meet with Council/Legislative Assistant Pierce to
develop a plan and forward it to City Council for their approval
The meeting was adjourned at 9:00 p.m.