Title
Capital Facilities Plan for 2017-2022 - Public Hearing
Recommended Action
Public Hearing; no action required.
Report
Issue:
The Planning Commission will hold a public hearing to hear testimony about the proposed Capital Facilities Plan for 2017 - 2022.
Staff Contact:
Jane Kirkemo, Administrative Services Director, 360.753.8499
Presenter(s):
Jane Kirkemo, Administrative Services Director
Background and Analysis:
Each year the presentation of the Capital Facilities Plan (CFP) is the beginning of the annual budget process. The 2017 - 2022 CFP went before the Finance Committee on July 13th and before the full Council on July 19th for an early look at the plan. It was an opportunity for the Committee or Council to direct staff to look at other projects, funding sources etc.
The proposed 2017 - 2022 CFP is the first plan to include new projects since the recession. This is also the first plan developed since hiring an economic director, increasing the Transportation Benefit District (TBD) fee, and establishing the Metropolitan Parks District (MPD). This plan assumes the MPD board sets a rate and begins collecting revenue in 2017.
There are many exciting changes in the 2017 - 2022 CFP. The new plan:
*????Reflects acquiring at least 200 acres of park land in the next six years. This is the most significant change in the CFP. The MPD supports at least $10 million in funding for land acquisition.
*????Estimates the preliminary CFP is $142 million, up 3% over the current CFP.
*????Shifts focus from utility projects (one-third) to general government projects (two-thirds).
*????Reflects a one-time REET (real estate excise tax) increase of approximately $750,000 from the sale/acquisition of west side medical facilities.
*????Doubles the TBD revenue, providing a total of $1.5 million for transportation projects. The TBD Board approved a $20 per vehicle fee increase, bringing the total to $40 per vehicle per year.
* Includes an update to the ...
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