Council amends biennial budget to fund building acquisition; authorizes mayor to close on 1333 Lloyd Parkway pending contingencies

Port Orchard City Council adopted an amendment to the 2025–26 biennial budget to increase transfers into Fund 302 to finance acquisition and minor renovations of a building, and later in the meeting authorized the mayor to execute documents to close on the purchase of real property at 1333 Lloyd Parkway if outstanding contingencies are satisfied.

Finance staff explained the ordinance would increase transfers out to Fund 302 and increase Fund 302 resources to support acquisition and minor renovations of a building, citing a transfer amount in the meeting materials of about $2.6 million for acquisition and minor renovations. Mr. Crocker (staff) recommended approval.

Later in the meeting Ms. Archer presented the specific real‑property item: council had previously authorized a purchase-and-sale agreement and staff asked the council to authorize the mayor to execute documents necessary to close on 1333 Lloyd Parkway consistent with the previously approved terms. The mayor clarified that contingencies had not been waived; authorization would permit the mayor to close if contingencies and conditions are met and contingencies expire satisfactorily next week.

Councilmembers described the acquisition as a cost‑saving alternative to constructing a new public-works facility and commended staff for monitoring market opportunities. Council discussion emphasized due diligence on contingencies prior to closing; staff said work remained to complete contingency items and that the intent was to close by October 1 if conditions were met.