AGENDA BILL APPROVAL FORM

 
Agenda Subject:
Resolution No. 5327 (Hinman) 		Date:
November 15, 2017
Department:
Administration 		Attachments:
Res 5327
Res 5327 application form
Budget Impact:
Current Budget: $0
Proposed Revision: $0
Revised Budget: $0
Administrative Recommendation:
Adoption of Resolution No. 5327 authorizing the Mayor to enter into an agreement with the Port of Seattle for grant funds in the amount of $65,000.00
Background for Motion:
Background Summary:

The Port of Seattle has authorized a 2nd round of grant funding for an Economic Development Partnership Program. More than $962,000 is available to cities in King County as 2 to 1 matching funds. The grant funds are available on a $1.00 per capita ratio with a maximum of $65,000.00. As part of the program Cities receiving funding from the Port of Seattle are required to match $0.50 on the dollar of Port grant monies, equating to $32,500.00 for the City of Auburn.

 

The City of Auburn participated in the first round of the partnership program last year where among other things the City established and opened up a Business Incubator located in the Auburn Transit Station.    
Reviewed by Council Committees:
Councilmember: Staff:
Meeting Date: November 20, 2017 Item Number: RES.D