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Renton council approves $1.04 million property purchase, adopts 2026 PROS plan and concurs with finance committee reports
Summary
The council concurred with multiple finance committee recommendations, including authorization to purchase King County parcel 1823059262 for $1,040,000, approved a PFM investment advisor agreement (not to exceed $600,000), accepted a $4,000 WTSC grant, and adopted the 2026 Parks, Recreation and Open Space Plan.
The Renton City Council on Jan. 30 approved several finance and planning items brought forward by committees.
Finance Committee recommendations approved by the council included: concurrence with payroll and voucher approvals for the December pay period (accounts payable and related payments were presented), authorization for the mayor and city clerk to sign a purchase-and-sale agreement to acquire King County parcel 1823059262 from Plutus 3 LLC for a purchase price of $1,000,000 plus approximately $40,000 in closing costs (total $1,040,000) and associated budget appropriations, approval of an agreement with PFM Asset Management for investment advisory services not to exceed $600,000 over the life of the contract, and acceptance of a $4,000 grant from the Washington Traffic Safety Commission to fund a law-enforcement liaison for traffic-safety enforcement support.
Separately, the council adopted by voice vote a resolution to approve the city's 2026 Parks, Recreation and Open Space (PROS) Plan update, following a Planning & Development Committee recommendation.
All committee reports referenced in the meeting were moved and approved by voice vote; the meeting record shows "aye" and "motion carries" for the actions. No detailed roll-call tallies were recorded in the public portion of the transcript.
What happens next: The approved property purchase will be processed with appropriate closing documents and the budget adjustments included in the Q1 2026 carry-forward budget. Committee meetings were scheduled for early February to continue review of related items.
