07/28/2026 Finance/Economic Development/Regional Affairs Committee

The City of Federal Way's Finance/Economic Development/Regional Affairs Committee met on July 28, 2026, to discuss several procurement and budget-related items. Key procurement discussions included approval to purchase a skid mounted vector excavator for the surface water utility at a cost of approximately $180,000, funded through the small CIP fund and operational savings. The committee also approved awarding a $38,881.50 contract to Lumac Inc. for HVAC upgrades at the Dumas Bay Center. Additionally, the committee approved an interlocal agreement with Puget Sound Emergency Radio Network (PSERN) for rebroadcasting public safety radio signals at City Hall, with an annual maintenance cost of about $3,500. The committee reviewed and approved accounts payable and payroll vouchers totaling over $5 million for June 2026. The monthly financial report highlighted favorable sales and utility tax revenues but noted a significant shortfall in red light camera revenue. Discussions included the utility tax rebate program's low participation and potential need for revision, jail service costs, and the status of various capital projects. The committee also expressed interest in receiving more regular economic development and regional affairs reports. Motions to forward procurement approvals and financial reports to the City Council consent agenda were unanimously passed.