2018-03-20 Finance Minutes - Laserfiche WebLink

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City of Tukwila City Council Finance Committee FINANCE COMMITTEE Meeting Minutes -;L=B Ǵǲț ǴǲǳǺ ǷȜǵǲ JȚGȚ (;T?FHON #IH@?L?H=? 2IIGț #CNS (;FF Councilmembers: , Chair; Dennis Robertson, Kate Kruller Staff: David Cline, Peggy McCarthy, Stephanie Brown, Erika Eddins, David Cline, Bruce Linton, Jay Wittwer, Gail Labanara, Henry Hash, Vicky Carlsen, Rachel Bianchi, Trish Kinlow, Laurel Humphrey Guest: Steve Goldblatt, Public Safety Plan Program Management Quality Assurance CALL TO ORDER: Committee Chair Quinn called the meeting to order at 5:30 p.m. I.PRESENTATIONS II.BUSINESS AGENDA Public Safety Plan Financing A. budget gap building upon feedback gathered at the February 6, February 21, and March 6 Committee meetings. Staff first reviewed the follow ups to requests made at the last meeting as shown underlined and attached in the agenda material. 0LID?=N 3=B?>OF? Staff has assumed that acquisition of properties and construction of Fire Stations 51 and 52 would continue as scheduled. Station 51 is contractually obligated by the Tukwila Valley South Development Agreement, and once it is moved Station 52 must also relocate to ensure equitable response times through the city. Staff worked with Shielz Obletz Johnsen and Lydig Construction to forecast cost escalation associated with waiting to construct the Justice Center, Station 54, and the Public Works shop. This analysis showed that the cost of projects could escalate by nearly 25% if delayed five years. Committee members discussed the timeline, strategy, and additional information they would need to be able to make a sound recommendation to the Council. It may be difficult to come to a recommendation in April or May if the overall financial picture is still unknown. The Committee asked staff to prepare recommendations on potential options for discussion at the next meeting. RETURN TO COMMITTEE.