Loading...
HomeMy WebLinkAbout91-092 - King County - Open Space Acquisition Bond Funds1 Nickels Phillips September 1, 1993 Introduced by: Laina OOS (ldt) 93- 548.sub Proposed No.: 93 -548 71 ORDINANCE NO. 1 1 0 1 1 2 AN ORDINANCE disappropriating $584,249 3 from various unexpended City of Tukwila 4 Open Space Bond Projects, and 5 appropriating $584,249 to the newly 6 created Tukwila Pond project, and 7 disappropriating $87,491 from the 8 Sammamish River Dredging CIP 349165, and 9 amending Ordinance 10641, Section 109, 10 Attachment 2, as amended. 11 PREAMBLE: 12 1. The King County Open Space Citizen Oversight Committee has 13 recommended reallocation of $584,249 of unexpended 1989 14 Opens Space Bond Proceeds from the Original Tukwila 15 Projects to the newly- created Tukwila Pond Project within 16 the same Project Category (as such term is defined in 17 Ordinance 9071) from which the funds are realized. 18 2. The City of Tukwila agrees that such funds should be 19 reallocated to the new Tukwila Pond Project. 20 BE IT ORDAINED BY THE COUNCIL OF KING COUNTY: 21 SECTION 1. There is hereby approved and adopted: a 22 disappropriation of $584,249 from various unexpended City of 23 Tukwila Open Space Bond Projects; an appropriation of $584,249 24 to the newly created Tukwila Pond project; and a 25 disappropriation of $87,491 from the Sammamish River Dredging 26 Project. 27 SECTION 2. Ordinance No. 10641, Section 109, Attachment 28 2, as amended is hereby amended by adding thereto and inserting 29 therein the following: 30 Fund Project Description 31 349 349165 Sammamish Dredging $(87,491) 32 355 355906 Tukwila Pond Project 584,249 33 355 355901 Duwamish /Green River Lots (192,145) 34 355 355903 Mapletree Greenbelt (221,131) 35 355 355904 Riverton Greenbelt (137,367) 36 355 355905 Southgate Greenbelt (33,606) 37 Provided that: 38 Tukwila continue in good faith to negotiate diligently to 39 acquire the Hozack /McAlbee property within the Mcadam Wetland 40 Project; and 11 12 13 14 15 ATTEST: 19 20 1 Provided further that: 2 Within two years Tukwila identify and pledge funds from 3 other sources to match the Open Space Bond funds prior to the 4 expenditure of any Open Space Bond funds for the Tukwila Pond 5 Project. 6 SECTION 3. The attached resorce book page is hereby 7 adopted. 8 INTRODUCED AND READ for the first time this 19th day 9 of July 1993. cc���� 10 PASSED this 2 day of A-e-e 19! 16 40 C (il 17 Clerk of the Council 18 APPROVED this /7 /7-eX day of 4-47, z 21 Attachments: 22 Resource book page KING COUNTY COUNCIL K NG COUNTY, W, HINGTON 2 air t King County Executive L V 19- August 10, 1993 Introduced by: JAG /elm Tukwila Nickels Phillips Laing Pro s1 In 1.9 93 -547 1 ORDINANCE NO. 2 AN ORDINANCE authorizing abandonment of the City 3 of Tukwila's Mapletree Greenbelt, Riverton 4 Greenbelt and Southgate Greenbelt 1989 Open 5 Space Bond Projects and creation of the Tukwila 6 Pond Open Space Bond Project. 7 PREAMBLE: 8 1. The City of Tukwila, through its normal legislative 9 processes, has made a determination and finding of fact 10 that changes in conditions or new information developed 11 after approval of Ordinance 9071 prevent the practical 12 accomplishment of the Mapletree Greenbelt, Riverton 13 Greenbelt and Southgate Greenbelt 1989 Open Space Bond 14 Projects (the "Original Tukwila Projects or clearly 15 indicate that the Original Tukwila Projects would no 16 longer best serve their intended purposes. 17 2. The King County Open Space Citizen Oversight Committee has 18 recommended abandonment of Original Tukwila Projects from 19 the 1989 Open Space Bond Projects and creation of a new 20 Open Space Bond Project known as Tukwila Pond within the 21 same Project Category (as such term is defined in 22 Ordinance 9071). 23 3. The Tukwila Pond Project is consistent with the purposes 24 of the 1989 Open Space Bond. 25 BE IT ORDAINED BY THE COUNCIL OF KING COUNTY: 26 SECTION 1. There is hereby approved and adopted the 27 abandonment of the City of Tukwila's Mapletree Greenbelt, 28 Riverton Greenbelt and Southgate Greenbelt Open Space Bond 29 Projects and creation of a new Open Space Bond project known as 30 Tukwila Pond. 31 INTRODUCED AND READ for the first time this 32 day of s,,, ,Q,,,,� 19 o 33 PASSED this 9 2-4 day of jp ,U 1923 34 35 36 37 38 39 40 41 ATTEST: KING COUNTY COUNCIL KING COUNTY ,n WASHINGTON Chair Q Clerk of the Council APPROVED this %,.�,c day of,,, -c 1973. 42 43 King County Executive INTERLOCAL COOPERATION Agreement BETWEEN KING COUNTY AND THE CITY OF TUKWILA OPEN SPACE ACQUISITION PROJECTS This Interlocal Cooperation Agreement is entered into between the City of "County Article I. RECITALS On November 7, 1989, King County voters approved the issuance of Bonds to finance the acquisition, construction, development, and improvement of public green spaces, green belts, open space, parks and trails and an excess property tax levy to pay the principal and interest on such Bonds. The ballot proposition was authorized by King County Ordinance No. 9071. Projects to be funded from Bond Proceeds include King County Projects, City of Seattle Projects and Suburban Jurisdiction Projects. Prior to the distribution of Bond Proceeds by the County to an eligible jurisdiction, Ordinance No. 9071 requires execution of an Interlocal Cooperation Agreement containing provisions necessary to satisfy applicable federal tax laws and regulations and to make certain other provisions. Pursuant to King County Ordinance No. 9071, and Washington Statute Chapter 39.34, the parties agree as follows: Tukwila 29-, 1 "City and King County Article t DEFINITIONS. 2.1. Agreement. This Interlocal Cooperation Agreement between the County and the City regarding the distribution of Proceeds from the sale of Bonds for public green spaces, green belts, open space, parks and trails, as described and authorized by Ordinance No. 9071 and the Bond Ordinance. 2.2. aond Ordinance. The ordinance or ordinances which are adopted by the King County Council authorizing the issuance and sale of Bonds to finance the Projects authorized by Ordinance No. 9071 or subsequently approved by the County. 2 .3. Bond Propeec The principal proceeds received from the sale of Bonds and any earnings received from the investment thereof. The term shall not include accrued interest on the Bonds paid by the original purchaser of the Bonds. 2.4. pond Redemption Fund. The County fund designated by ordinance for the purpose of paying the principal of and interest on any Bonds issued by the County. 2.5. Bonds. Any bonds, notes or other evidence of indebtedness sold pursuant to the Bond Ordinance and any refunding bonds issued in lieu thereof. 2.6. Capital Costs. The term "capital costs" shall be construed consistent with the term "capital purposes" in Article VII, S 2(b) of the Washington State Constitution. The term shall not include the replacement of equipment. The term may include payment for all costs related to the carrying out of Projects, including without limitation, real estate appraisal, legal and 901- 319.AG -2 9071. acquisition costs; making qualified reimbursements; paying necessary design, engineering, construction and Project administration expenses; staffing costs of the Citizens Oversight Committee; paying interest on any interim financing pending the receipt of Bond Proceeds; and paying the costs and expenses incurred in issuing the Bonds or administrating the planning and distribution of Bond Proceeds. 2.7. Citizens oversight Con ttee. The Open Space Citizens Advisory Committee, which was established following enactment of the Election Ordinance and passage of the bond proposition authorized therein to review and report to the King County Council on a semi annual basis regarding the status and implementation of approved Projects. The committee is also responsible for recommending to the King County Council concerning reallocations of Bond Proceeds when available for new or revised Projects. 2.8. Chief Financia). Otfj cet. The person serving as chief financial officer of the County's Office of Financial Management or the person's successor. 2.9. Code. The Internal Revenue Code of 1986 as amended, together with all applicable regulations. 2.10. The Election Ordinance. King County Ordinance No. 2.11. Open Space. The term "open space" or "open space land" means (a) any land area so designated by official comprehensive land use plan and adopted by a city or county and 3 901- 319.AG 901- 319.AG -4 zoned accordingly or (b) any land area, the preservation of which in its present use would (i) conserve and enhance natural or scenic resources, or (ii) protect streams or water supply, or (iii) promote conservation of soils, wetlands, beaches or tidal marshes, or (iv) enhance the value to the public of abutting and neighboring parks, forests, wildlife reserves, natural reservations or sanctuaries or other open space, or (v) enhance recreational activities or (vi) preserve historic sites or (vii) retain in its natural state, tracts of land not less than five acres situated in an urban area and open to public use on such conditions as may be reasonably required by the legislative body granting the open space classification. 2.12. project. Projects for acquisition, construction, development and improvement of public green spaces, green belts, open space, parks and trails as authorized in the Election Ordinance or as subsequently approved by King County. 2.13. project Categories. Projects allocated within one of three existing categories authorized in the Election Ordinance. The categories include County Projects, Seattle Projects and suburban jurisdiction Projects. 2.14. Qualified Reimbursements. Reimbursements of advances for Project costs made after the enactment of the Election Ordinance from other funds in anticipation of the receipt of Bond Proceeds as evidenced by written records made contemporaneously with such advances and in a form acceptable to the Chief Financial Officer. 2.15. Taxable Bonds. Bonds the interest on which is included in the gross income of recipients thereof by reason of the failure to comply with applicable requirements of the Code. 2.16. Tax Exempt Bonds. Bonds the interest on which is not included in the gross income of the recipients thereof by reason of section 103(a) of the Code of 1986 as amended. Article I I. TERM OF AGREEMENT. This Agreement shall be effective when executed by both parties and shall remain in effect for twenty (20) years following the date of issuance of Bonds for the Projects, or the term of said Bonds, whichever is longer, unless terminated earlier pursuant to this Agreement. Article IV. CONDITIONS OF AGREEMENT. Section 4.1. Project pescription /Usa of $ond Proceeds. Bond Proceeds made available to the City pursuant to this Agreement may be used to defray the Capital Costs of Projects pursuant to the Election Ordinance and this Agreement. The Projects currently approved by the County are listed in Attachment A, which is incorporated herein by reference. Section 4.3. Project implementation. Project implementation shall be as set forth in Attachment B, which is incorporated herein, by reference or as set forth in approved modifications to the implementation schedule set forth in Attachment B. The parties recognize that delay in implementation 901- 319.AG 5 901 -319AG 6 of Projects will jeopardize the financial viability of the Projects as currently approved and the tax exempt status of interest on the Bonds. The City, therefore, certifies that as to its Projects, it has reviewed its real property acquisition procedures, commits to all reasonable action and will proceed with due diligence to ensure that its Projects are expeditiously completed in accordance with the Project Implementation schedule, and that it will give highest priority to those properties where there is a particular threat of conversion to a more intensive use or increases in acquisition costs. Section 4.3. Maintenance in Perpetuity. The City and any successor in interest, agree to maintain the lands and facilities constituting the Projects acquired with Bond Proceeds provided pursuant to this Agreement, the Election Ordinance and the Bond Ordinance for the purposes set forth herein in perpetuity. If the City changes the status or use of lands or facilities acquired with Bond Proceeds pursuant to this Agreement to any other purpose or use, the City shall pay the County an amount acceptable to the County in cash to provide for replacement of the open space land or facilities or substitute other property which King County determines, through its normal legislative process, to be consistent with the purpose of King County Ordinance 9071. In either case, the value of the property shall be established at the time of the change in status or use, based on the changed status or use and not based on its value as public green space, green belt, open space, park or trail. In no event 901- 319.AG -7 shall the use of any land or facilities constituting a Project be changed to any private use, which would jeopardize the tax exempt status of the interest on the Bonds. At,its own cost, the City will provide the County an independent MIA appraisal prepared in accordance with this section. The value established by the appraisal will not be binding on the County. The City shall provide the County with written notice prior to the change of use and shall reimburse the County within ninety (90) days of such notification. Reimbursement not received within ninety days will accrue interest at the then legal rate from the date of notification. Should any Project or portion thereof be subject to condemnation during the term of this Agreement, the proceeds of any award in condemnation of the Project or portion thereof shall be used for the acquisition, construction, development or improvement of other equivalent lands or facilities. The procedure for submission to and approval by the County of the City's proposed substituted lands and facilities shall be as set forth in Section 5.5. Nothing herein shall prevent the City from granting easements, franchises or concessions or from making joint use agreements or other operational agreements which are compatible with the use of a Project for the purposes authorized in this Agreement and the Ordinance. 4.4. Project Administration and Maintenance. Necessary administration and maintenance for a Project after its completion shall be the responsibility of the jurisdiction in which the Project was located on July 1, 1989. If the Project is located within an area annexed by the City after July 1, 1989, ownership, administration and maintenance of the Project will be transferred to the City if so authorized by the County. Following such transfer, all provisions of this Agreement and the Election Ordinance applicable to City administration, maintenance and use of Projects shall apply. 901- 319.AG 4.5. Special_ conditions. As set forth in the Election Ordinance, the Agreement between the County and the City may contain special conditions. If applicable, such special conditions are attached hereto as Attachment C and incorporated herein by reference. 4.6. Joint Projects. If any of the City's Projects are joint Projects with the County, in addition to any other applicable requirements or special conditions, the parties shall negotiate an agreement regarding administration and Project management of such joint Projects prior to distribution of Bond Proceeds to the City for such joint Projects. Article V. BOND PROCEEDS. 5.1. Distribution of Principal Proceeds. The principal proceeds of the Bonds shall be deposited in a fund or funds to be designated by the County for the purpose of administering, disbursing and accounting for Bond Proceeds authorized by the Election Ordinance, this Agreement and the Bond Ordinance. 8 901- 319.AG Within said fund or funds, Bond principal will be distributed to the City in accordance with the schedule attached hereto as Attachment A. 5.2. Ivrestmwt of Bond Proceed. The County, through its Office of Financial. Management, shall be responsible for placing investments of cash balances. The County will be responsible for arbitrage calculations and related actions required by the Code to ensure compliance with arbitrage regulations. The City shall maintain complete and accurate records of all expenditures and any investment of Bond Proceeds by the City and shall provide all information requested by the County to assure such compliance. 5.3. Distribution of Interest garning$. Interest earnings on the principal Bond Proceeds will be distributed to the City on a periodic basis, and will be calculated based on the unspent balance of all City Projects. The County will allocate such interest earnings to specific City Projects according to the City's instructions. Interest earnings available for distribution will be reduced as necessary to provide for any rebate payments required by the Code due to arbitrage earnings on bond Proceeds. Any interest earnings withheld in excess of required rebate payments will be distributed to the City pro -rata, based on the City's share of all interest earnings received on Bond Proceeds. 5.4. Bond Proceeds Disbursement. Bond Proceeds will be disbursed to the City upon receipt and verification by the Open Spaces Office of properly completed 9 requests for payment of Bond Proceeds. The Office of Financial Management shall prescribe the form of such requests. The disbursement requests shall be made only for Qualified Reimbursements to the City for Capital Costs, for current City expenditures for Capital Costs and for payment of interim financing pursuant to section 5.6. The City shall transmit payment to its payees for current Capital Costs expenditures within five days of receipt by the City of its requested Bond Proceeds. The City shall provide a list of authorized individuals to certify the requests submitted to the County. The City will be responsible for the accuracy of the payment requests and the propriety and timeliness of its disbursements following receipt of Bond Proceeds. 5.5. Bond Proceeds Reallocation. a. Excess Bond Proceedq gxisting Proiects. If, upon completion of a Project, Bond Proceeds exist in excess of the amount necessary to fully provide for the Project, the City may propose to allocate such excess Bond Proceeds to other existing Projects by providing the County and the Citizens Oversight Committee notice of its intention to reallocate such Bond Proceeds and by submitting with such notice a revised implementation schedule reflecting such proposed reallocation. The Citizens Oversight Committee shall have 21 days to review and recommend approval or disapproval of the City's proposed reallocation. The City's proposal and the Citizens' Oversight 901- 319.AG 10- Committed recommendation will be submitted to the King County Council for determination. (b) ,bond Proceeds Reallocation Project AhAildonment. If the City abandons a Project, the City may reallocate unexpended Bond Proceeds to other existing approved City Projects following the same procedure as set forth in sub section 5.5(a) above after formal legislative action by the City, which includes a determination and findings that changed conditions or new information developed after approval of the Project prevent completion of the Project or clearly demonstrate that the existing Project would no longer serve the best interest of the City in fulfilling the intent of this Agreement and the Election Ordinance. (c) pond Proceeds Real oca New Proiecti. If the City proposes to reallocate Bond Proceeds to a new Project, the City shall forward its proposal to the Citizens Oversight Committee for its review and recommendation. The King County Council may reallocate Bond Proceeds following receipt of the Citizens Oversight Committee's recommendation, if it determines that the proposed new Project is consistent with the purpose of the Bonds and if it obtains the Agreement of one or more cities within the same Project Category. 5.6. Interim Financing. Following the County's adoption of the Bond Ordinance, the City may issue short term obligations in anticipation of reimbursement from Bond Proceeds, pursuant to the Bond Ordinance and this Agreement, to defray the same Capital 11 901- 319.AG 901- 319.AG 12 Costs for which Bond Proceeds may be utilized. The City shall submit such proposed obligations to the County's Chief Financial Officer for approval prior to incurring such obligations, if the obligations are intended to be paid from Bond Proceeds. Upon approval by the County's Chief Financial Officer, the payment of principal and interest upon such approved short term obligations shall be a proper object of expenditure of Bond Proceeds. Article VI. REPORTING REOUIREMENTS. 6.1. Reporting Schedule. During implementation of the Projects, the City shall provide the County and the Citizens Oversight Committee semi annual reports describing Project implementation status. Such reports shall contain such information and shall be in a format all as specified by the County. The Report shall be submitted no later than the twentieth working day of January and July of each year during which such reports are required. Article VII. TAX COVENANTS. 7.1. preservation of Tax Exempt Status. If the County issues Tax Exempt Bonds to provide funds for the Projects, in addition to all other requirements set forth in this Agreement, so long as such Bonds are outstanding or for twenty years after the first disbursement of Bond Proceeds, whichever is longer: (a) The City will not use or permit to be used any of the Bond Proceeds or the property or facilities acquired, 901- 319.AG constructed, developed or improved as part of the Projects in such manner and shall not take or omit to take any other action as to cause the interest on the Bonds to be included in the gross income of the recipients thereof for purposes of federal income taxation. (b) The City will provide certificates when and as required by Bond Counsel, the Code or the Internal Revenue Service in order to establish or maintain the tax exempt status of interest on the Bonds. (c) The City will comply with any requirements imposed by the Code in order to preserve the tax exempt status of interest on the Bonds. The City will cooperate in any audit by the Internal Revenue Service, including disclosure of any records, contracts and other materials required by the Internal Revenue Service in order to establish or preserve the Bonds' tax exempt status or as may be required by the Code. 7.2. Indemnification. If the Bonds become Taxable Bonds as a result of the acts or omissions of the City not approved in writing by the County, the City shall indemnify and hold the County, its officers, employees and agents, including bond counsel, harmless with respect to bond holders' claims and any costs attendant thereto, including any penalties and the County's attorneys' fees and costs in defending such claims. 13 Ariclft VIII. J ESPONSIBILITIrS OF COUNTY. 8.1. Immaape of Bonds. Subject to the terms of this Agreement, the Election Ordinance and any Bond Ordinance or Bond Ordinances adopted by the King County Council, the County will issue Bonds for the purposes set forth herein and in the Election Ordinance in a principal amount of not more than $117,640,000. Of that amount, the maximum principal amount of Bond Proceeds to be allocated to City of Seattle Projects is $41,795,000 and for Suburban Jurisdiction Projects, $35,010,000. Such Bonds may be sold at public sale in the manner required by law or, if the County determines it to be in its best interest, by negotiated sale. Maturity of such Bonds shall be as established by the County. The Bonds shall be issued over a period not to exceed seven years after their approval by the qualified electorate of King County and may be issued in more than one series, may be combined for the purpose of issuance with other authorized County bonds and shall be issued in such amounts and in such denominations and shall contain such redemption provisions and other terms and conditions as shall be determined by the County. 8.2. Distribution of Bond Proceeds Agreement. Distribution to the City of any Bond Proceeds is specifically conditioned upon execution by the City and the County of this Agreement. 8.3. Future Support. The City may request additional funds for additional Projects as set forth in this Agreement; however, the County has no obligation to provide funds to the City in excess of the amount shown in Attachment B, nor to provide funds 14 901- 319.AG to the City in support of Projects not specified in Attachment A. The County assumes no obligation for the future support of the Projects described herein, or any other projects except as expressly set forth in this Agreement. Article GENERAL PROVISIONS 9.1. B.2 1d Harmless and Indemnification. (a) The County assumes no responsibility for the payment of any compensation, fees, wages, benefits or taxes to or on behalf of the City, its employees, contractors or others by reason of this Agreement. The City shall protect, indemnify and save harmless the County, its officers, agents and employees from any and all claims, costs and losses whatsoever occurring or resulting from (1) the City's failure to pay any compensation, wage, fee, benefit or tax, and (2) the supplying to the City of work, services, materials or supplies by City employees or agents or other contractors or suppliers in connection with or in support of performance of this Agreement. (b) The City further agrees that it is financially responsible for and will repay the County all indicated amounts following an audit exception which occurs due to the negligent or intentional acts or failure for any reason to comply with the terms of this Agreement by the City, its officers, employees, agents or representatives. (c) The City shall protect, defend, indemnify and save harmless the County from any and all costs, claims, judgments or 15 901- 319.AG 901- 319.AG awards of damages, including attorneys' in any way resulting from the Projects, fees, arising out of or including but not limited to the negligent acts or omissions of the City, its officers, employees or agents. For purposes of this Agreement only, the City agrees to waive the immunity granted for industrial insurance claims pursuant to Washington statute chapter 52 to the extent necessary to extend its obligation under this subparagraph to any claim, demand, or cause of action brought by or on behalf of any employees, including judgments, awards and costs arising therefrom including attorneys' fees. 9.2. Amendment. The parties reserve the right to amend or modify this Agreement. Such amendments or modifications must be by written instrument, signed by the parties and approved by the respective City and County Councils. 9.3. Contract Waiver. No waiver by either party of any term or condition of this Agreement shall be deemed or construed to be a waiver of any other term or condition, nor shall a waiver of any breach, be deemed to constitute a waiver of any subsequent breach whether of the same or a different provision of this Agreement. No waiver shall be effective unless made in writing. 9.4. potices. Any notice, consent, demand or other communication hereunder shall be in writing and shall be deemed to have been given if delivered in person or deposited in any United States Postal Service mail box, sent by registered or certified mail, return receipt requested, and first class postage prepaid, addressed to the party for whom it is intended as 16 901- 319.AG follows: (1) if to the City: Office of the City Clerk (2) If to the County: Chief Financial Officer, 400 King County Courthouse, Seattle, Washington 98104. These titles and addresses may be changed by written notice to the other party pursuant to this provision. 9.5. Interpretation. This Agreement shall be interpreted according to and enforced under the laws of the state of Washington. The section and subsection captions of this Agreement are for convenience only and shall not control or affect the meaning or construction of any provision in this Agreement. 9.6. Separability. Each provision of this Agreement is separable from all other provisions. In the event any court of competent jurisdiction determines that any provision of this Agreement is invalid remaining provisions 9.7. Enti7 eti. the terms hereto and not incorporated are supersedes all prior or unenforceable for any reason, all will remain in full force and effect. This Agreement is a complete expression of any oral representations or understandings excluded. This Agreement merges and negotiations, representations, and agreements between the parties relating to the Bonds, Bond Proceeds or Projects and constitutes the entire Agreement between the parties. The parties recognize time is of the essence in the performance of the provisions of this Agreement. 17- KING COUNTY K G CO DATE: IN WITNESS WHEREOF, authorized representatives of the parties hereto have signed their names in the spaces set forth below. ACTING UNDER AUTHORITY OF MOTION NUMBER —191 5 Approved as to form: NORM MALENG Ring County Prosecuting Attorney: 'FOR FOR DATE: City of Tukwila APri1 3. 1990 tasamcar ---4 By: Its: vor Date: Aoril 3, fU Acting under authority of Council Minutes dated April 2, 1990 Ap•r•ve as t f C y Attorney Name White Riv /Lakeland Mercer Slough Kelsey Creek Lake Hills Greenbelt Jones Lake Trail Bothel Landing Parkside Open Space N. Midway Park Des Moines Crk. Tr. Snoqualmie River Tr Hylebos Park Add 01 Hylebos Park Add #2 Adelaide /Lakota SW 363rd, 12 14 SW Spring Valley Lutherland /Lk Kill. Camelot Park Add. Cougar Mtn Access Squak /Issaquah Cr Tr Green R Corridor Lake Fenwick Trail Juanita Bay Acq. Totem Lk Houghton Beach Acc. Marine Park Access Lk For Park Open Sp. First Hill Park Tr Mercerdale 53rd Place Greenbelt Miller Creek Tollgate Farm Bear Evans Crk Trail Cedar River Trail Honey Creek Trail Springbrook Trail Lake Wash Waterfront North SeaTac Park Riverton Greenbelt Duwamish /Green Lots Macadam Pond Maple Tree Southgate Greenwood Clark Lake Interurban Trail Black River Wetland Bond Sale Expenses Citizen Comm Support ATTACHMENT A OPEN SPACE BOND ALLOCATION OF BOND PRINCIPAL BY PROJECT AND CITY City Auburn Bellevue Bellevue Bellevue Blk Diamond Bothel Des Moines Des Moines Des Moines Duvall Federal Way Federal Way Federal Way Federal Way Federal Way Federal Way Federal Way Issaquah Issaquah Kent Kent Kirkland Kirkland Kirkland Kirkland Lk Forest Park Mercer Island Mercer Island Mercer Island Normandy Park North Bend Redmond Renton Renton Renton Renton SeaTao Tukwila Tukwila Tukwila Tukwila Tukwila Multiple Multiple Multiple Multiple Multiple Multiple Totals CITTMA OXCLUDING SEATTL Project Allocation 1,804,063 4,109,255 1,553,499 952,144 484,076 752,695 651,467 100,226 326,956 91,086 379,354 1,185,570 315,310 383,263 1,700,329 1,142,022 256,227 150,339 150,339 841,896 851,919 601,354 250,564 300,677 551,241 425,959 618, 075 130,293 952,144 501,129 200,451 2,154,853 2,014,472 375,846 400,903 150,339 2,605,869 145,327 440,993 370,835 216,488 29,065 345,739 1,067,516 1,576,350 324,731 49,787 26,962 35,010,000 SUBURBAN CITIES OPEN SPACE PROGRAM QUARTERLY CASH FLOW PROJECTIONS EXHIBIT d QUARTER 1st /90 2nd/90 3rd/90 4th /90 1st /91 2nd/91 3rd/91 4th/91 1st/92 2nd/92 3rd/92 4th/92 'ROJECT i 'RASE TOTALS Bond Proceeds Cash Flows Administration Acquisition Design Construction Total 5228,630 2,500 5228 2,500 PROJECT PHASES 226,130 CITY TUKWILA PROJECT: Mapletree Hill Greenbelt BOND PROCEt..s• 5228,630 ALLOCATED BOND PRINCIPAL: 5216,488 2,500 226,130 226,130 228,630 AM... NOTE: "BOND PROCEEDS" equals the total allocated bond principal plus the expected interest earnings. Actual earnings will be etermined by the bond sate, and by the rate of spending. SUBURBAN CITIES OPEN SPACE PROGRAM QUARTERLY CASH FLOW PROJECTIONS EXHIBIT B QUARTER 1st /90 2nd/90 3rd/90 4th /90 1st/91 2nd/91 3rd/91 4th/91 1st/92 2nd/92 3rd/92 4th/92 PROJECT PHASE TOTALS S391,634 10,000 PROJECT PHASES 381,634 CITYC PROJECT: BOND PROCEEDS' ALLOCATED BONO PRINCIPAL: TUKWILA Macadam Wetland 5391,634 $370,835 Bond Proceeds Cash Flows Administration Acquisition Design Construction Total 391,634 5391.634 10,000 381,634 391,634 Nil NN SOPOSISSIL lit NUNL 1 SOW 1 L iiiq!!it!!SO: NOTE: NICISD PROCEEDS* swots the total allocated bond principal plus the expected interest earnings. Actual earnings will be determined by the bond sale, and by the rate of spending. SUBURBAN CITIES OPEN SPACE PROGRAM CUARTERLY CASH FLOW PROJECTIONS EXHIBIT QUARTER 1st /90 2nd/90 3rd/90 4th /90 1st /91 2nd/91 3rd/91 4th/91 1st/92 2nd/92 3rd/92 4th/92 IOJECT IASE TOTALS $153,478 5,000 PROJECT PHASES Bond Proceeds Cash Flows Administration Acquisition Design Construction Total 148,478 :153,478 5,000 148,478 1 CITY OF: TUKWILA PROJECT: Riverton Greenbelt BOND PROCEEDS* S153,478 ALLOCATED BOND PRINCIPAL: 5145,327 153,478 153,478 nsss••.•as aria sma.sa.• OTE: "e= PROCEEDS" equals the total allocated bond principal plus the expected interest earnings. Actual earnings will be termfned by the bond sale, and by the rate of spending. SUBURBAN CITIES OPEN SPACE PROGRAM QUARTERLY CASH FLOW PROJECTIONS EXHIBIT 8 QUARTER 1st /90 2nd /90 3rd/90 4th /90 1st/91 2nd/91 3rd/91 4th/91 1st/92 2nd/92 3rd/92 4th/92 PROJECT i PRASE TOTALS- Bond Proceeds Cash flows Administration Acquisition Design Construction Total $30,696 !30,696 PROJECT PHASES 30,696 CITY OF TUKWILA PROJECT: Southgate Park Greenbelt BOND PROCEEDS' S30,696 ALLOCATED BOND PRINCIPAL: 529,065 30,696 30,696 s"s r 30,696 'NOTE: "'CND PROCEEDS" Awls the total allocated bond principal plus the sxpsetsd Intsrsst sarninos. Actusl earnings will be det•r.insd by the band sale, and by the rate of spending. SUBORBAN.CIT!ES OPEN SPACE PROGRAM Q.JARTEREY CASH FLOW PROJECTIONS EXHIBIT 1' QUARTER 1st /90 2nd/90 3rd/90 4th /90 1st /91 2nd/91 3rd/91 4th/91 1st/92 2nd/92 3rd/92 4th/92 10JECT i ASE TOTALS $465,727 Bond Proceeds Cash Flows Administration Acquisition Design Construction Total $465,727 4,000 4,000 150,000 307,727 8,000 457,727 PROJECT PHASES CITY OF: TUKWILA PROJECT: Ouwamish /Green River Trail Lots BOND PROCEEDS* 5465,727 ALLOCATED 80N0 PRINCIPAL: 5440,993 154,000 311,727 465,727 sssisss isssssss CTE: *SOND PROCEEDS* squids the total allocated bond principal plus the expected interest earnings. Actual earnings will be }terainsd by the bond sate, and by the rate of spending. 2nd/90 Kent Tukwila ird/90 Kent Tukwila ith/90 Kent Tukwila 1st /91 Kent Tukwila 2nd/91 Kent Tukwila 3rd/91 Kent Tukwila 6th/91 Kent Tukwila lst/9t Kent Tukwila 2nd/911 SUIUREAM CITIES OPEN SPACE P OJARTERLP CASH PLOY PROJECT( ExiI11T d OuARTER 1st/90 3rd/12 4th/9j bond Proceeds Cosh flows Adoinfslrstion Acqulsitlon Design Construction Total $103,11 $95,191 $103,811 $91,801 $209,917 11193,171 $209,9=7 $193,7 si12,s 11101,121 $11 =,380 $103,101 500 1,000 1,000 3,000 3,000 PROJECT PNA$E$ COP% KENT IL TUKWILA PROJECTt Interurban Regional Trott, Pro%( Kent %twit( SONO PROCEEDS* 11,082,096 SIC ALLOCATED SONO PRINCIPAL: 11,024,627 194 5,000 30,000 60,000 20,000 5,000 5,000 100,000 400,000 365,358 5,000 30,500 61,000 121,000 408,000 373,358 PROJ1et 11 paw Tome Resasesassesessem sn. a manes 12 .x. s.. a '8 858 KEN? PR00E80tt $1,011,097 TtKOWILA PROS$, s 8,500 125,000 4011: %ONO IMOCtar equals the toot allseetsd bend principal plus the elsstsi Interest earnin s, Actual ssrnin /s wilI dstsrwlnsd IN the bent ante, and be the rote sf ape d111$. 865,358 998,858 ATTACHMENT C INTERLOCAL COOPERATIVE AGREEMENT BETWEEN KING COUNTY AND THE CITY OF TUKWILA OPEN SPACE ACQUISITION PROJECTS Prior to the use of Bond Proceeds for the project described as the Interurban Trail Development, the suburban jurisdictions of Auburn, Kent, Tukwila and Renton, and the County must determine: (a) their individual and joint responsibilities for the Project and (b) the appropriate allocation of Bond Proceeds for that Project among those Governmental Agencies.