"Tacoma City Council Agenda News for Tuesday, August 8, 2000"

“Tacoma City CouncilStudy SessionNoon, TuesdayAugust 8, 2000Room 16Municipal Building North728 St. Helens AvenueTacomaBusiness Systems ProjectCity administrators have plans to replace current business hardware and software systems with an updated state-of-the-art system for financial management, utility customer service, work management, human resources and other functions.The Council will be briefed about the multi-year project – estimated to cost from $30 to $50 million.Some of the City’s current systems are more than 20 years old and severely limit City staff’s ability to perform their job functions effectively. System changes will most likely begin in the 2001-2002 biennium and continue for up to four years.The project presents an opportunity to make the City of Tacoma one of the most efficient, customer-responsive municipalities in the nation, according to City officials.Tacoma City CouncilCouncil Meeting5:00 p.m., TuesdayAugust 8, 2000Room 16Municipal Building North728 St. Helens AvenueTacomaConvention Center FundingThe City will obtain access to as much as $40 million for partial funding of the Greater Tacoma Convention Center, according to a proposed financing agreement up for a vote during this meeting.The proposed agreement with Banc of America Securities operates similar to a letter of credit allowing the City to borrow money it needs only when it’s needed to further progress on the project.If passed, the vote will authorize the sale of Revenue Bonds and Limited Tax Bonds that total the $40 million needed to purchase the land and begin construction of the convention center.The proposed convention center project encompasses nearly 189,000 square feet of convention space, plus a 400-room hotel, apartments, retail stores and additional parking, is to wrap the corner of 15th Street and Pacific Avenue, and continue up Commerce Street. The center will incorporate the Waddell building at 1502 Pacific Avenue.The Council took public testimony on the ordinance at its August 1 meeting.”