CSS 2021-02-01 Item 1D - Project - Teen and Senior Center Update

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84 INFORMATIONAL MEMO Page 2 Funding Staff proposes funding the programming and initial planning process up to $600 thousand. This funding is available from savings associated with the Justice Center project. The Justice Center project team has been able to reserve $1.2 million from the owner's contingency and will return it to the Public Safety Plan D.20 funding model. Staff proposes using half of these savings to fund the programming and community engagement effort and keeping the other half in the Public Safety Plan D.20 model in order to reduce the long-term general fund contribution. (It is important to note that repurposing this $600 thousand for this project is allowable because there are multiple funding sources for the Justice Center that are not restricted for Public Safety Plan projects. The additional funding sources include land sales, REET funds, investment earnings and Streamlined Sales Tax Mitigation payments. The $600 thousand transfer to the new multigenerational center will come from these funding sources and not the voter -approved Public Safety Bond nor current councilmanic debt.) As to the funding for the final design and construction of the facility, staff believes there are a number of options that can be examined during the project planning phase. There are potential partnerships that could be investigated, such as the YMCA/YWCA and Boys and Girls Club, as examples. It is also possible that this center would be of interest to members of the philanthropic and business community for financial support. In addition, the City's 2021 remaining debt capacity will be $49.7M, forecast to raise to $81M in 2024 and $146.6M in 2030 (this forecast assumes an annual 4.5% increase in assessed value, which is actually less of an increase that what the City has experienced over the last several years). Staff is confident that the City can identify a funding program for this new City facility. City Team The City has learned many recent lessons from the construction of two new fire stations and the Tukwila Justice Center. It is staff's intention to take these lessons learned and build on them, with a keen eye toward innovation, to make the new multigenerational center the newest community asset in the City of Tukwila. As such, Rachel Bianchi, who has served as the City's program manager for the Public Safety Plan will lead this effort on behalf of the City. While we expect that staff members from across the City will be greatly interested in being a part of this effort, we also recognize that we have key staff who work with the community that can take other leadership roles in this effort, including: • Nate Robinson — Teen Programming Lead & Project Management Support • Sheri McConnaughey — Senior Programming Lead • Darren Hawkins —Youth & Family Programming Lead • Niesha Fort -Brooks — Community Engagement Draft Timeline for a Stand -Alone Facility 2021 — First Quarter — RFP Process complete, architectural firm selected 2021 — Second Quarter — Programming, site selection review, community engagement, partnership and philanthropic development, funding options vetted 2021 — Third Quarter — Programming, site selection review, community engagement, partnership and philanthropic development, funding options vetted 2021 — Fourth Quarter — Recommendations to Council on final facility program, site selection, partnerships and funding options 2022 — First Quarter — Schematic Design phase (30% design complete) 2022 — Second Quarter — Design Development (60% design complete) 2022 — Third Quarter — Contract Documents (90% design complete) 2022 — Fourth Quarter — Contract Documents (90% design complete) 2023 — First Quarter — Construction begins