Title
Annual Transfer of Stormwater Funds for Sidewalk Improvements
Recommended Action
Committee Recommendation:
N/A
City Manager Recommendation:
Briefing only
Report
Issue:
Provide a briefing to the Finance Committee on the cost sharing policy between Stormwater and Transportation on City transportation projects.
Staff Contact:
Rich Hoey, P.E., Public Works Director, (360)753-8495
Presenter(s):
Rich Hoey, P.E., Public Works Director, (360)753-8495
Background and Analysis:
In 2008 and 2009, the Finance Committee and City Council considered how much the Storm and Surface Water Utility should contribute to City transportation projects to address stormwater issues. On May 5, 2009, City Council adopted a cost sharing policy that was recommended by the Finance Committee, Utility Advisory Committee (UAC) and staff (Attachment 1). One aspect of the policy is the annual transfer of funds from the Utility to the Transportation Capital Fund to offset the additional expense of mitigating stormwater on Parks and Pathways sidewalk projects.
Neighborhood/Community Interests (if known):
During a recent Finance Committee meeting with Advisory Committees on the City's Capital Facilities Plan, the UAC Chair expressed concern regarding the annual transfer of stormwater funds for Parks and Pathways sidewalk projects. As an alternative to an annual allocation, the UAC Chair suggested that funding be transferred, as needed, to address identified stormwater needs related to new sidewalk projects. The actual amount would vary year to year.
Options:
Briefing only. Staff will present an overview of the current cost sharing policy for Finance Committee discussion.
Financial Impact:
Approximately $180,000 is transferred annually from the Storm and Surface Water Utility to the Transportation program for Parks and Pathways sidewalk projects.
Attachment(s):
2009 Cost Sharing Policy