funding agreement with KidsQuest Children’s Museum and budget amendment

Summary

The ordinance authorizes the execution of a funding agreement with KidsQuest Children’s Museum to provide up to $10,000,000 in funds over the next two biennia for a new facility in Bellevue. It also amends the City of Bellevue 2025-2026 General Fund budget to increase the appropriation by $4,500,000 from the Long-Range Planning Reserve. The ordinance outlines the responsibilities of the City Manager and designee in expending the funds and entering into agreements.

Details

Subject

funding agreement with KidsQuest Children’s Museum and budget amendment

Summary

The ordinance authorizes the execution of a funding agreement with KidsQuest Children’s Museum to provide up to $10,000,000 in funds over the next two biennia for a new facility in Bellevue. It also amends the City of Bellevue 2025-2026 General Fund budget to increase the appropriation by $4,500,000 from the Long-Range Planning Reserve. The ordinance outlines the responsibilities of the City Manager and designee in expending the funds and entering into agreements.

Action Type

amend

Vote Result

passed

Enacting Body

City Council of the City of Bellevue, Washington

Ordinance Number

Ord. 6915