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HomeMy WebLinkAboutReg 2015-08-03 Item 6A - Motion - 2016 Capital Improvement Program Sheet for Strander Boulevard Extension Phase IIICOUNCIL AGENDA SYNOPSIS ---------------------------------- Initials Meeting Date Prepared by M s review Council review 07/27/15 BG F-1 Resolution Mtg Date ❑ Ordinance MtS Date 08/03/15 BG 0 Otber MtS Date SPONSOR ❑ Council []Mayor ❑ HR ❑ DCD E] Finance ❑ Fire E]IT ❑ P&R ❑ Police Z PW SPONSOR'S With the $20 million TIGER grant application submitted in June 2015 and other potential SUMI\L\RY grant opportunities, the City is proposing a new 2016 CIP sheet for the Strander Blvd Extension Phase III Project. If the City begins design, right-of-way, and wetland mitigation in 2016 with $2 million from City funds, it will act as a catalyst for future grant funding. Council is being asked to approve the revised 2016 CIP Sheet for the Strander Blvd Extension Phase III Project. Ri," v I E' Wl," D BY R cow mtg. ❑ CA&P Cmte ❑ F&S Cmte Z Transportation Cmte ❑ Utilities Cmte ❑ Arts Comm. ❑ Parks Comm. ❑ Planning Comm. DATE: 07/20/15 COMMITTEE CHAIR: JOE DUFFIE RECOMMENDATIONS: SPONSOR/ADMIN. Public Works Department CON' NI 'Y"' E Unanimous Approval; Forward to Committee of the Whole COST IMPACT I FUND SOURCE EXPENDrruiu," REQUIRED AMOUNT BUDGETED APPROPRIATION REQUIRED $2,000,000.00 $0.00 $2,000,000.00 Fund Source: 104 ARTERIAL STREETS (PAGE 28, 2015 CIP) Comments: MTG. DATE RECORD OF COUNCIL ACTION 07/27/15 ITEM NO. 6.A. I 73 STAFF SPONSOR: BOB GIBERSON 1ORIGINAL AGENI),kDATE: 07/27/15_ AGENDA ITEM TITLE Strander Blvd Extension Phase III Project Proposed 2016 CIP Sheet CATEGORY E Discussion ]VIt ,g Date 07127119 E Motion Mt ,g Date 08103119 F-1 Resolution Mtg Date ❑ Ordinance MtS Date ❑ BidAivard Mt ,g Date ❑ Public Hearing Mt ,g Date 0 Otber MtS Date SPONSOR ❑ Council []Mayor ❑ HR ❑ DCD E] Finance ❑ Fire E]IT ❑ P&R ❑ Police Z PW SPONSOR'S With the $20 million TIGER grant application submitted in June 2015 and other potential SUMI\L\RY grant opportunities, the City is proposing a new 2016 CIP sheet for the Strander Blvd Extension Phase III Project. If the City begins design, right-of-way, and wetland mitigation in 2016 with $2 million from City funds, it will act as a catalyst for future grant funding. Council is being asked to approve the revised 2016 CIP Sheet for the Strander Blvd Extension Phase III Project. Ri," v I E' Wl," D BY R cow mtg. ❑ CA&P Cmte ❑ F&S Cmte Z Transportation Cmte ❑ Utilities Cmte ❑ Arts Comm. ❑ Parks Comm. ❑ Planning Comm. DATE: 07/20/15 COMMITTEE CHAIR: JOE DUFFIE RECOMMENDATIONS: SPONSOR/ADMIN. Public Works Department CON' NI 'Y"' E Unanimous Approval; Forward to Committee of the Whole COST IMPACT I FUND SOURCE EXPENDrruiu," REQUIRED AMOUNT BUDGETED APPROPRIATION REQUIRED $2,000,000.00 $0.00 $2,000,000.00 Fund Source: 104 ARTERIAL STREETS (PAGE 28, 2015 CIP) Comments: MTG. DATE RECORD OF COUNCIL ACTION 07/27/15 Forward to next Regular Meeting with additional financial information 08/03/15 MTG. DATE ATTACHMENTS 07/27/15 Informational Memorandum dated 07/17/15 Current 2015 CIP page 28 Proposed 2016 CIP page 28 Minutes from the Transportation Committee meeting of 07/20/15 08/03/15 CIP Pages (additional financial information to be provided by meeting time) 73 74 CITY OF TUKWILA CAPITAL PROJECT SUMMARY 2015 to 2020 PROJECT: Strander Blvd /SW 27th St Extension Project No. 98610403 DESCRIPTION: Design and construct arterial improvements for a new roadway extending Strander Blvd /SW 27th St from West Valley Highway to Oaksdale Ave. JUSTIFICATION: East/west capacity between 1 -405 and S 180 St is needed to serve Tukwila and Renton access. This project will be constructed in three phases. Phase 1 extended Stander Blvd /SW 27th St from Oaksdale STATUS: Ave to Naches Ave SW. Phase 2 constructed a 2 lane roadway from Naches to the new Sounder's Tukwila Longacres Station's parking lot. Phase 3 will construct the undercrossing of the UPRR and complete the 1,000 4 lane roadway from West Valley Hwy to Naches Ave SW. MAINT. IMPACT: New street. Project partners include the City of Renton, Boeing, WSDOT, FMSIB, Sound Transit, Metro, Amtrak, and COMMENT: BNSF and UP Railroads. Funds in 2015 -16 are for updated cost estimates and grant applications. STP (PSRC) and TIGER grants were unsuccessful in 2014. FINANCIAL Through Estimated (in $000's) 2013 2014 2015 2016 2017 2018 2019 2020 BEYOND TOTAL EXPENSES Tukwila's Share Rent 1,000 1,000 Design 41 5 20 20 5,000 5,086 Land (R)W) 104 1,329 1,433 Const. Mgmt. 5,000 5,000 Construction 46,000 46,000 TOTAL EXPENSES 1,145 5 20 20 0 5,000 0 0 52,329 58,519 FUND SOURCES Awarded Grant 0 Proposed FMSIB Grant 5,000 5,000 Proposed TIGER Grant 20,000 20,000 Proposed STP Grant 4,325 4,325 City Oper. Revenue 1,145 5 20 20 0 675 0 0 27,329 29,194 TOTAL SOURCES 1,145 5 20 20 0 5,000 0 0 52,329 58,519 2015 - 2020 Capital Improvement Program 28 75 CITY OF TUKWILA CAPITAL PROJECT SUMMARY 2016 to 2021 PROJECT: Strander Blvd Extension Phase III Project Nod1th 98610403 DESCRIPTION: Design and construct arterial improvements for a new roadway extending Str: :: 'er s1,. rc St from West Valley Highway to Oaksdale Ave in the City of Rent ('n JUSTIFICATION: East/west capacity between 1 -405 and S 18t Psce , n f dE to .ei ukwna and Renton access. Project will be constructed in three phases. I extended Stander Blvd /SW 27th St from Oaksdale STATUS: Ave to Naches Ave SW. Phase II constructed a 2 lane roadway from Naches to the new Sounder's Tukwila 1,000 Longacres Station's parking lot. Phase III will construct the undercrossing of the UPRR and complete the 4 lane roadway from West Valley Hwy in Tukwila to Naches Ave SW in Renton. MAINT. IMPACT: New street. of Renton's Project partners include the City of Renton, Boeing, WSDOT, FMSIB, Sound Transit, Metro, Amtrak, and COMMENT: BNSF and UP Railroads. Funds in 2015 -16 are for updated cost estimates and grant applications. Design STP (PSRC) and TIGER grants were unsuccessful in 2014. FINANCIAL Through Estimated (in $000's) 2014 2015 2016 2017 7018 7n19 2n2n qn ,21 RGvnnin TnTAi EXPENSES Tukwila's Share 1,000 Tukwila's Share of Renton's Phases I & 11 1,000 Design 41 14 1,500 3,000 4,555 Land (R/W) 104 450 1,000 1,554 Wetland Mitigation 50 500 550 Const. Mgmt. 3,750 1,050 4,800 Construction 20,500 6,700 27,200 TOTALEXPENSES1 1,145 1 141 2,000 1 28,750 1 7,750 1 0 1 0 1 0 1 0 1 39,659 FUND SOURCES Proposed TIGER Grant 20,000 20,000 Proposed State TIB Grant 3,000 3,000 Proposed STP Grant 2,000 2,000 Proposed FMSIB Grant 5,000 5,000 NW Arena Mitigation 3,000 2,000 5,000 City Oper. Revenue 1,145 14 2,000 750 750 0 0 0 0 4,659 TOTAL SOURCES 1,145 1 14 2,000 1 28,750 1 7,750 1 01 0 1 01 0 39,659 76 2016 - 2021 Capital Improvement Program 28 TO: FROM: DATE: SUBJECT City of Tukwila Jim Haggerton, Mayor INFORMATIONAL MEMORANDUM Mayor Haggerton REFERENCE ITEM 6A OF THE PACKET City Council Peggy McCarthy, Finance Director July 31, 2015 Funding for Strander Extension Phase III Project ISSUE Identify the funding sources for the Strander Boulevard Extension Phase III project cost of $2.9 million over the three year period from 2015 - 2017. BACKGROUND To move the Strander Boulevard Extension project to "shovel ready" status and improve the City's chances of receiving a TIGER grant award, a proposal to use City resources to fund the design phase of the project was presented to City Council for approval at the July 27, 2015 Committee of the Whole Council meeting. The Council requested more information on the funding sources for this proposal. DISCUSSION The funding sources would derive mainly from budgetary savings in the Arterial Street fund and also from additional General Fund contributions. The approximately $2 million of budgetary savings in the Arterial Street Fund comprises higher than estimated beginning fund balance, lower actual and anticipated contract costs for routine maintenance including overlay, bridge inspections and the traffic signal program due to a true up from original expectations, and savings from the 2015 Arterial Street bond issue. A contribution from the General Fund of up to $900 thousand over the three year period, or approximately $300 thousand per year, would come from increased revenues generated by an improved financial results. For additional information, feel free to contact the Finance Director, Peggy McCarthy. RECOMMENDATION The Council is being asked to approve the proposed funding structure in conjunction with approval of the revised 2016 CIP Sheet for the Strander Blvd Extension Phase III Project as presented at the July 27, 2015 Committee of the Whole Council meeting, agenda item 4.c.