Title
Approval of a Resolution Authorizing a Public Works Trust Fund Loan Application for the Fones Road Improvement Project
Recommended Action
Committee Recommendation:
Not referred to a committee.
City Manager Recommendation:
Move to approve a Resolution authorizing a Public Works Trust Fund Loan application for the Fones Road Improvement project.
Report Issue:
Whether to approve a Resolution authorizing a Public Works Trust Fund Loan application for the Fones Road Improvement project.
Staff Contact:
Mark Russell, P.E., Deputy Director, Public Works Department, 360.753.8762
Presenter(s):
None - Consent Calendar Item.
Background and Analysis:
The Fones Road Project is the City's highest priority for funding in transportation. Construction of the Fones Road Improvement Project is scheduled for late 2022 through 2023.
Fones Road serves a unique mix of users, including freight, commuter traffic, bicyclists, and pedestrians. Traffic is concentrated on Fones Road because there are no nearby parallel routes, and it serves as a regional connection. Along the corridor there are single- and multi-family homes, businesses, and industrial uses. This high-volume street lacks sidewalks and bike lanes and needs resurfacing.
The Fones Road improvement projects is included in the Transportation Master Plan and the 2021-2026 Capital Facilities Plan. The scope of the Fones Road project is consistent with our comprehensive plan goals for a more human-scale, multimodal street. See the project website for more on the project scope.
The total cost of the project, including design, is estimated to be between $15 and $18 million. A variety of sources are being used to fund the project and approximately $13 million in funding is confirmed. Confirmed sources include $9 million in City funds including Real Estate Excise Tax (REET), the Voted Utility Tax for sidewalks, Transportation Impact Fees, and Transportation Benefit District funds. Confirmed state and federal grants t...
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