Ordinance No. 2022-06 Bonus Floor Area Ratio Budget Amendment (Adopted 041222)Page 1 of 2
ORDINANCE NO. 2022-06
AN ORDINANCE of the City of Bainbridge Island, Washington,
amending the 2021-2022 biennial budget and providing for
funding for the purchase of 17,686 square feet of Bonus Floor
Area Ratio from the Islander Residents Association.
WHEREAS, on November 24, 2020, the City Council adopted the 2021-2022
biennial budget via Ordinance No. 2020-31 and subsequently amended the budget; and
WHEREAS, on October 12, 2021, the City Council adopted the 2022 Update of
the 2021 – 2026 Capital Improvement Plan via Ordinance No. 2021-28; and
WHEREAS, on October 26, 2021, the City Council adopted a modified budget
for 2022 via Ordinance No. 2021-27; and
WHEREAS, on February 22, 2022, the City Council adopted a modified budget
for 2022 via Ordinance No. 2022-03; and
WHEREAS, the Islander Residents Association, a Washington nonprofit
corporation, desires to sell to the City of Bainbridge Island Bonus Floor Area Ratio as
described in the “Declaration of Housing Restrictive Covenants and Agreement for
Transfer of Floor Area Ratios” (2004); and
WHEREAS, on July 9, 2020, the City of Bainbridge Island Planning
Commission recommended that the City purchase the balance of the Bonus Floor Area
Ratio from the Islander Residents Association; and
WHEREAS, the City engaged in negotiations with the Islander Residents
Association for the purpose of effectuating a sale of any remaining Bonus Floor Area
Ratio and the parties agreed to such a sale; and
WHEREAS, on February 22, 2022, the City Council approved Resolution No.
2022-05 which authorized the City Manager to purchase the remaining Islander Residents
Association Bonus Floor Area Ratio of 17,686 square feet for a purchase price of $18 per
square foot for a total purchase price of $318,348, and authorized the City Manager to
take all necessary action to effectuate and complete the transaction on behalf of the City
of Bainbridge Island.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF
BAINBRIDGE ISLAND, WASHINGTON, DOES ORDAIN AS FOLLOWS:
Section 1. Ordinance No. 2022-03 and the 2022 budget are amended as shown on
the attached Exhibit A, which is hereby incorporated fully into this ordinance.
Page 2 of 2
Section 2. The City’s Finance Director is authorized and directed by this
ordinance to make the necessary changes to the 2022 modified budget. The Finance
Director is further directed to make sufficient interfund equity transfers from the
appropriate funds to cover the added amounts authorized by this ordinance.
Section 3. Should any section, paragraph, sentence, clause, or phrase of this
ordinance, or its application to any person or circumstance, be declared unconstitutional
or otherwise invalid for any reason, or should any portion of this ordinance be preempted
by state or federal law or regulation, such decision or preemption shall not affect the
validity of the remaining portions of this ordinance or its application to other persons or
circumstances.
Section 4. This ordinance shall take effect and be in force five (5) days from and
after its passage and publication as required by law.
PASSED by the City Council this 12th day of April 2022.
APPROVED by the Mayor this 12th day of April 2022.
Joe Deets, Mayor
ATTEST / AUTHENTICATE:
Christine Brown, MMC, City Clerk
FILED WITH THE CITY CLERK: April 5, 2022
PASSED BY THE CITY COUNCIL: April 12, 2022
PUBLISHED: April 22, 2022
EFFECTIVE DATE: April 27, 2022
ORDINANCE NO: 2022-06
Attached: Exhibit A
CITY OF BAINBRIDGE ISLAND – 2022 REVISED BUDGET
SUMMARY BY FUND
Exhibit A
ORDINANCE NO. 2022-06
CITY FUNDS 2022 EXPENDITURES
001 GENERAL FUND 23,578,400
101 STREET FUND 3,408,509
103 REAL ESTATE EXCISE TAX FUND 3,279,151
104 CIVIC IMPROVEMENT FUND 337,062
108 AFFORDABLE HOUSING FUND 109,500
171 TRANSPORTATION BENEFIT FUND 100,000
173 TRANSPORTATION IMPACT FEE FUND -
201 GO BOND FUND 1,554,535
203 LID BOND FUND 40,780
301 CAPITAL CONSTRUCTION FUND 3,162,590
401 WATER FUND 2,546,120
402 SEWER FUND 6,053,643
403 STORM & SURFACE WATER FUND 2,617,339
407 BUILDING & DEVELOPMENT FUND 3,600,267
501 EQUIPMENT RENTAL & REVOLVING FUND 785,015
TOTAL EXPENDITURES 51,172,911