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HomeMy WebLinkAboutFIN 2023-05-08 Item 1B - Public Safety Plan - Capital Facilities Financing for Public Works Campus Phase 2 City of Tukwila Allan Ekberg, Mayor INFORMATIONAL MEMORANDUM TO: Finance and Governance FROM: David Cline, City Administrator Vicky Carlsen, Finance Director BY: Brandon Miles, Business Relations Manager CC: Mayor Ekberg DATE: March 6, 2023 Updated, March 21, 2023 Updated, April 3, 2023 Updated May 1, 2023 SUBJECT: Capital Facilities Financing, Public Works Campus, Phase 2 Report ISSUE This memo outlines the design costs, financing, and estimated construction cost for Public Works Operations Campus, Phase 2 (hereinafter “Public Works Phase 2”) capital construction project. Working drafts of this memo have been presented to the Finance and Governance Committee on March 13, March 27, and April 10. Staff is requesting authorization to execute contracts for full design and pre-construction of Public Works Phase in the amount of $5,195,141, with an additional $779,271 being set aside as owner’s contingency. The design and pre-construction work is anticipated to run from contract execution in 2023 through the start of the construction phase in May of 2025. BACKGROUND I. Overview of the Public Safety Plan and Public Works Phase Operations Campus The following provides a brief overview of the City’s recent investment in public facilities over the last 15 years. a. Development of the Public Safety Plan In 2008 the City completed a comprehensive seismic study of city buildings, which was recently updated in 2022. This report found that several buildings, including fire stations and public works shops, would be unusable after an earthquake. It was this study that was the impetus for the City to begin examining how to invest in upgraded facilities, specifically public safety buildings (fire stations, police, municipal court, emergency management and public works functions). In 2015, after a two-year process, the City Council was presented a report entitled, “Investing in Tukwila: Essential Governmental Services Facilities Plan 2015-2040.” The plan recommended the construction and/or replacement of several public safety buildings, including a new justice center to house police, emergency management and municipal court; the replacement of three fire stations; and a combined public works operations facility. The plan also included recommendations for City Hall and the 6300 building. 7 INFORMATIONAL MEMO Page 2 This final report was presented to the City Council by the Facilities Committee, made up of community members, council members, and staff. This Committee recommended a public safety facilities ballot measure, which resulted in the City Council adopting the “Public Safety Plan” to prioritize:  the construction of three replacement fire stations,  a new justice center (police, emergency management and municipal court),  a consolidated public works shop, and  a funding plan for 20 years of fire apparatus and equipment. In November 2016 Tukwila voters approved the public safety plan bond measure with 60.5% approval. Funds from the bond measure were used for the new fire stations, fire equipment and apparatus and the justice center. Separately, funding for the public works facilities would come from a variety of sources, including general fund and utility funds. In 2018, this financing and expenditure plan was updated with the D-20 Model, adopted by the City Council and discussed further below. In 2018 the City began to identify and acquire land for the public safety plan, based upon the recommendations of the community Siting Advisory Committee. Existing City owned land was used for two of the new fire stations (51 and 52); the City assembled land on Tukwila International Blvd for the Justice Center; and the City acquired three parcels in the north end of the City for a consolidated public works shop. Public Works Operations Campus Phase 1 (hereinafter “Public Works Phase 1”) entailed the construction of the west side of the property and moving the City’s fleet and facilities functions from George Long to the new site. Public Works Phase 2 will entail work on the east side of the property and will eventually allow the City to move the street and utilities functions from the Minkler Shops to the site, as well as consolidating other functions currently found on other sites, such as spoils storage, etc. The Justice Center and Fire Station 51 went operational in 2020 and Fire Station 52 become operational in 2021. The Fleet and Facilities building became operational in 2022 (Public Works Phase 1). In 2022, the City Council authorized the test to fit work for the eastern portion of the Public Works Phase 2 - Operations Campus, which will conclude in March of 2023. Due to costs the relocated Fire Station 54 was deferred. The Public Works Operations Campus is the final project remaining from the Public Safety Plan. Funding for design of the Public Works Operations Campus was adopted in the 2023-2024 Budget and construction costs were included in the 2023-2028 Capital Improvement Plan starting in 2025. b. Siting of the Consolidated Public Works Shops Facilities As briefly discussed above, the City utilized a “Siting Advisory Committee” to assist with identifying possible locations for the replacement fire stations, the new Justice Center, and the Consolidated Public Works Shops Facilities. The City Council received the final report on the recommendations of the Siting Advisory Committee on October 16, 2017. Since all of the buildings constructed for the public safety plan, which includes the consolidated Public Works Shops Facilities, have a public safety role, the City identified several critical siting factors for the for the future locations:  The properties needed to be out of the floodplain and/or not protected by a levee. Old Fire Station 51 did not meet this requirement and the new Fire Station 51 was located just above the valley floor. Minkler Shops does not meet this requirement. 8 INFORMATIONAL MEMO Page 3  Not be in a possible soil liquefaction area in order to mitigate risk during an earthquake.  Specific to the consolidated public works shops was that the property not be located in residential areas.  All facilities had to be permitted in the City’s underlying zoning. Based upon this broad criterion, the City Siting Advisory Committee examined a total of ten parcels, all in the City’s Manufacturing Industrial Center zoning classification. Three parcels were ultimately recommended by the Siting Advisory Committee and the City Council authorized the use of eminent domain to acquire the properties. The City reached deals with all three property owners and has or will take title to all the properties by November 1, 2023. c. Financing the Public Safety Plan- the D-20 Model In 2018, due to cost escalation from market conditions and initial estimates based on incomplete data, the City created options for the Public Safety Plan. Throughout the first half of 2018, the City Council’s Finance Committee, together with staff, deliberated on a variety of financing options (A, B, C1, C2 and D) to support the Public Safety Plan. In June 2018, the City Council adopted their recommendation of option D-20 which directed the:  Construction of two new fire stations (51 & 52) and the Justice Center  Dedication of $30 million for land acquisition, building upgrades and master planning for public works shops.  Fire apparatus and equipment funding for ten years  Issuance of 20-year bonds.  Use of a variety of financial sources (e.g. Limited Term General Obligation Bonds (LTGO), Fire impact fees, land sales and one-time funds, ongoing REET 1, General Fund.) This long-range model – D20 - (2018-2039) has been updated several times to reflect changing revenues and expenditures. 1. All major projects in the D-20 model are now complete as originally anticipated in 2018. The following is a basic overview of the revenue and expenditures to date in the D-20 Model. The work outlined below includes all land acquisition costs (Justice Center, Fire Station 54, and Public Works Operations Campus) construction to date for Fire Stations 51 and 52, Justice Center and Public Works phase 1 (fleet and facilities); interim improvements on Minkler; and planning and test to fit associated with Public Works Phase2. In addition, the initial planning for the Teen and Senior Center was funded from unused budget leftover from the Justice Center and therefore funded from the D-20 model. The only remaining items are finishing the roof and siding updates for the Public Works Phase 1 and the final payment for the 2022 fire engine, which is expected in 2025. 2. The D-20 Model accounted for all financial aspects of these projects. Data incorporated two capital project funds, 305 and 306 as well as all debt service funds and other funds that contributed funding sources (general fund, 301, utility funds). Note, revenues are forecasted to be higher than expenditures due to financing costs. 3. Other Changes. Sales Tax Mitigation funds were significantly reduced from 2019 to 2020 due to the loss of ongoing Sales Tax Mitigation payments. Council adopted CARES funding for project costs associated with COVID supply chain delays and added Teen/Senior Center planning from unspent Justice Center budgeted funds. Additional general fund and utility fund payments were adopted in 2022 to continue the public safety plan efforts for the consolidated public works shop. 9 INFORMATIONAL MEMO Page 4 4. Assuming a successful annexation vote to the Puget Sound Regional Fire Authority (PSRFA), capital acquisition responsibilities for future fire equipment and apparatus shift to PSRFA in 2025. A portion of the proceeds from completed land sales (Travelers Choice and HealthPoint) and approved (still pending) George Long sale are currently budgeted to support remaining public safety plan financing requirements as well as Public Works Phases 1 and 2. 5. Land Sales, originally contemplated in the D-20, are no longer required in their entirety. a. The updated D-20 model (December, 2022) removes future land sales. b. Future City Council direction will be needed on use of land revenue (e.g. lease or sale) for capital facility planning. c. Completing the Public Safety Plan – Design and Construction of Consolidated Public Works Shops, Phase 2 The last remaining item in the Public Safety Plan is Public Works Phase 2. This will allow the City to move off of the Minkler Shops site. The City is still providing critical public works activities at the Minkler Shops under older, inefficient conditions. In addition, as part of the Public Safety Plan, the City identified a goal to move all critical facilities out of flood-prone areas and the Minkler Shops is located directly behind a levee that has significant concerns. Original Updated Updated Updated June 2018 Dec 2019 Dec 2020 Dec 2022 EXPENDITURES Fund 305: Public Safety Plan 114,730,235$ 122,627,139$ 120,510,023$ 109,804,786$ Justice Center 68,570,005$ 66,864,711$ 65,747,697$ 65,995,940$ Fire Stations 30,334,435$ 39,936,632$ 38,936,530$ 37,791,730$ Fire Equipment/Apparatus/Financing 15,825,796$ 15,825,796$ 15,825,796$ 6,017,117$ Fund 306: City Facilities 30,000,000$ 35,700,000$ 36,200,000$ 43,150,491$ PW Shops Phase I $30,000,000 $35,700,000 $35,700,000 $36,405,462 Minkler Improvements $500,000 $500,000 Teen/Senior Center $395,030 PW Operations Campus Phase 2 $5,850,000 TOTAL $144,730,235 $158,327,139 $156,710,023 $152,955,277 REVENUES Voted Bonds (UTGO) 77,385,000$ 77,997,026$ 77,997,026$ 77,997,026$ Councilmanic Bonds (LTGO) 40,000,000$ 45,500,600$ 45,500,600$ 45,500,600$ Fire Impact Fees (Tukwila South- FS 51) 4,750,000$ 4,750,000$ 4,750,000$ 4,750,000$ Fire Impact Fee- ongoing 8,517,000$ 9,817,000$ 9,497,000$ 8,244,202$ Fund 301 Transfer- REET Funds 3,000,000$ 3,000,000$ 3,000,000$ 3,500,000$ Land Sales 15,038,000$ 13,053,090$ 13,518,000$ 3,014,845$ REET 1 - Ongoing Support 12,813,091$ 12,813,091$ 12,852,409$ 11,000,000$ Sales Tax Mitigation 4,017,425$ 665,909$ 665,909$ Cares Act 300,000$ 497,247$ Investment Earning 707,845$ 1,480,824$ 1,725,661$ 1,626,356$ Project Contribution (TeenSenior)600,000$ Project Contribution (General Fund) 141,854$ 2,991,854$ 2,991,854$ 5,950,954$ Project Contribution (Utility Fund) 141,854$ 3,791,854$ 4,291,854$ 7,791,854$ TOTAL 162,494,644$ 179,212,764$ 177,090,313$ 171,138,993$ D-20 MODEL FINANCIAL SNAPSHOT 2018-2022 10 INFORMATIONAL MEMO Page 5 Public Works has moved from George Long into Public Works Phase 1. On November 1, 2023 the City takes ownership of the east side of the property and the Council adopted a lease agreement through April of 2025 with the current tenant. The City Council authorized the “test- to-fit” work which developed design options for the entire combined public works site. The “test- to-fit” will provide the City better cost estimates for the final phase of the project. In March 2023, the “test-to-fit” was complete and the City Council was briefed on cost estimates for the full buildout and completion of Public Works Phase 2. d. Funding Test to Fit Before moving straight to design, the City Council directed staff to do additional planning and engagement with the City Council on the layout of the site, this was the “Test to Fit.” The total budget for the Test to Fit work is $350,000. This work occurred in 2022 and 2023. The work will be completed at or slightly below the budget. Funding for the Public Works Phase 2 has been a 50/50 split between the general fund and the utilities. e. Test to Fit Design Concepts The City Council as a whole and the Transportation and Infrastructure Committee were briefed as the Test to Fit process proceeded. Additionally, an open house was hosted to solicit impact from Tukwila community members. In March the project team presented to the City Council the various layout concepts considered by the project team. Concept “A” (below) scored the highest on the project team’s criteria and was also favored by Public Works Staff. Contract Title Firm Cost Test to Fit Design Miller Hayashi 203,337$ Geotech Exploration Langan 36,600$ Surveying David Evans and Associates 25,000$ Project Management Shiels Obletz Johnsen 78,238$ Total: 343,175$ Budget 350,000$ Remaining Contigency: 6,825$ 2022 Actual Expenditures: 185,124 2023 Budget Expenditures: 164,876 Source of Funds Utilities Water: 28,029$ Sewer 15,663$ Surface Water 38,746$ Subtotal: 82,438$ Other Funds General Fund: 82,438$ Test to Fit Analysis Cost 11 INFORMATIONAL MEMO Page 6 II. Public Works Phase 2, Financing a. The Next D-20 Model, Public Works Campus Financial Model The D-20 model was a successful tool the City Council approved to track all expenditures and revenues associated with the construction of the Public Safety Plan. Using the D-20 model as an example, staff has begun to put together a model that can used to track expenditures and revenues associated with Public Works Phase 2. Like the D-20 model, the model can be used to track the cash flow of the project, including the issuance of debt and annual debt payments. The model can also be easily modified to program in specific situations and changes in the funding and/or costs. 12 INFORMATIONAL MEMO Page 7 i. Scenario 1, Base Model The above model is the starting point for discussion. It assumes that the design and pre- construction costs in 2023, 2024 and 2025 are paid for in cash. In 2025 the City would issue a bond of just over $77 million to move forward with construction. It is likely that the City could reduce debt payments by spreading the bond issuance over 2025 and 2026 (this is what we did for the public safety bond) However, for simplicity the bond issuance was shown as occurring at one time. In 2026 the general fund would need to support debt payments of $2.6 million (discussed below), while the utilities would provide $2.5 million in rent to the general fund to be on the site. More discussion on the utilities rent payment is provided below. The general fund annual contributions begin to drop starting in 2028 and will continue to drop as the rent for the utilities increases based on a standard inflation rate. Expenditures 2023 2024 2025 2026 2027 2028 Design and Pre-Construction: 1,725,000$ 2,875,000$ 1,374,412$ -$ -$ -$ Other Soft Costs:-$ 23,377,588$ -$ -$ -$ Total Soft Costs: 1,725,000$ 2,875,000$ 24,752,000$ -$ -$ -$ 2023 Construction Cost Estimates:-$ -$ 23,417,500$ 23,417,500$ -$ -$ January 2026 Escalation:-$ -$ 3,839,000$ 3,839,000$ -$ -$ Total Hard Costs:-$ -$ 27,256,500$ 27,256,500$ -$ -$ Total Construction Costs: 1,725,000$ 2,875,000$ 52,008,500$ 27,256,500$ -$ -$ Debt Payments:-$ -$ -$ 1,557,812$ 5,168,232$ 5,168,232$ Total: 1,725,000$ 2,875,000$ 52,008,500$ 28,814,312$ 5,168,232$ 5,168,232$ Source of Funds 2023 2024 2025 2026 2027 2028 General Fund Lease from UPS: 237,021$ 824,575$ 280,646$ -$ -$ -$ Potential Additional REET 1 Funds: 50,000$ 50,000$ 406,560$ -$ -$ -$ Land Sales: 300,000$ 500,000$ -$ -$ -$ -$ Exceed Funds from 302 Fund: 275,479$ 62,925$ -$ -$ -$ Other General Fund Contribution:-$ -$ -$ -$ -$ -$ Proceeds from Bonds:-$ -$ 79,448,400$ -$ -$ -$ General Fund Debt Service:-$ -$ 0 -$ 2,668,232$ 2,593,232$ Funding from Partners:-$ -$ -$ -$ -$ -$ Grants:-$ -$ -$ -$ -$ -$ Park Impact Fee:-$ -$ -$ -$ -$ -$ Subtotal: 862,500$ 1,437,500$ 80,135,606$ -$ 2,668,232$ 2,593,232$ Utilities Water: 293,250$ 488,750$ 233,650$ -$ 850,000$ 875,500$ Sewer: 163,875$ 273,125$ 130,569$ -$ 475,000$ 489,250$ Surface Water: 405,375$ 675,625$ 322,987$ -$ 1,175,000$ 1,210,250$ Grants: Subtotal: 862,500$ 1,437,500$ 687,206$ -$ 2,500,000$ 2,575,000$ Total All Sources: 1,725,000$ 2,875,000$ 80,822,812$ -$ 5,168,232$ 5,168,232$ Starting Year Balance:-$ -$ 28,814,312$ (0)$ (0)$ Ending Year Fund Balance:-$ -$ 28,814,312$ (0)$ (0)$ (0)$ (S1) Total Construction Estimates, No Land Sales Towards Construction, 5% Bond, 30 Year Bond 13 INFORMATIONAL MEMO Page 8 ii. Scenario 2, Base Model, with Land Sales The base model with land sales assumes $9.5 million in land sales by 2025. The general fund debt contribution is reduced because of the land sales revenue. Expenditures 2023 2024 2025 2026 2027 2028 Design and Pre-Construction: 1,725,000$ 2,875,000$ 1,374,412$ -$ -$ -$ Other Soft Costs:-$ 23,377,588$ -$ -$ -$ Total Soft Costs: 1,725,000$ 2,875,000$ 24,752,000$ -$ -$ -$ 2023 Construction Cost Estimates:-$ -$ 23,417,500$ 23,417,500$ -$ -$ January 2026 Escalation:-$ -$ 3,839,000$ 3,839,000$ -$ -$ Total Hard Costs:-$ -$ 27,256,500$ 27,256,500$ -$ -$ Total Construction Costs: 1,725,000$ 2,875,000$ 52,008,500$ 27,256,500$ -$ -$ Debt Payments:-$ -$ -$ 1,557,812$ 4,550,244$ 4,550,244$ Total: 1,725,000$ 2,875,000$ 52,008,500$ 28,814,312$ 4,550,244$ 4,550,244$ Source of Funds 2023 2024 2025 2026 2027 2028 General Fund Lease from UPS: 237,021$ 824,575$ 280,646$ -$ -$ -$ Potential Additional REET 1 Funds: 50,000$ 50,000$ 406,560$ -$ -$ -$ Land Sales: 300,000$ 500,000$ 9,500,000$ -$ -$ -$ Exceed Funds from 302 Fund: 275,479$ 62,925$ -$ -$ -$ Other General Fund Contribution:-$ -$ -$ -$ -$ -$ Proceeds from Bonds:-$ -$ 69,948,400$ -$ -$ -$ General Fund Debt Service:-$ -$ 0 -$ 2,050,244$ 1,975,244$ Funding from Partners:-$ -$ -$ -$ -$ -$ Grants:-$ -$ -$ -$ -$ -$ Park Impact Fee:-$ -$ -$ -$ -$ -$ Subtotal: 862,500$ 1,437,500$ 80,135,606$ -$ 2,050,244$ 1,975,244$ Utilities Water: 293,250$ 488,750$ 233,650$ -$ 850,000$ 875,500$ Sewer: 163,875$ 273,125$ 130,569$ -$ 475,000$ 489,250$ Surface Water: 405,375$ 675,625$ 322,987$ -$ 1,175,000$ 1,210,250$ Grants: Subtotal: 862,500$ 1,437,500$ 687,206$ -$ 2,500,000$ 2,575,000$ Total All Sources: 1,725,000$ 2,875,000$ 80,822,812$ -$ 4,550,244$ 4,550,244$ Starting Year Balance:-$ -$ 28,814,312$ (0)$ (0)$ Ending Year Fund Balance:-$ -$ 28,814,312$ (0)$ (0)$ (0)$ (S2) Total Construction Estimates, Land Sales Going Towards Construction, 5% Bond, 30 Year Bond 14 INFORMATIONAL MEMO Page 9 iii. Scenario 3, Base Model, Land Sales and Lower Interest Rate The above model assumes $9.5 million in land sales by 2025, but also assumes that the bond issuance has an interest rate of 4 percent versus 5 percent. b. Funding Principles The following are general funding principles the City could use in the PW Phase 2 Model: 1. Revenue from land sales from existing public works facilities (George Long, Minkler, and Longacres) would go to support the build out of Public Works Phase 2. 2. The City could consider allocated other property transactions into Public Works Phase 2. 3. The utilities will pay their fair share for being on the City owned property. 4. The City will work to identify and engage partners who can help pay for the capital costs the buildout. However, the partners fund must be more than just contributing to the Expenditures 2023 2024 2025 2026 2027 2028 Design and Pre-Construction: 1,725,000$ 2,875,000$ 1,374,412$ -$ -$ -$ Other Soft Costs:-$ 23,377,588$ -$ -$ -$ Total Soft Costs: 1,725,000$ 2,875,000$ 24,752,000$ -$ -$ -$ 2023 Construction Cost Estimates:-$ -$ 23,417,500$ 23,417,500$ -$ -$ January 2026 Escalation:-$ -$ 3,839,000$ 3,839,000$ -$ -$ Total Hard Costs:-$ -$ 27,256,500$ 27,256,500$ -$ -$ Total Construction Costs: 1,725,000$ 2,875,000$ 52,008,500$ 27,256,500$ -$ -$ Debt Payments:-$ -$ -$ 1,557,812$ 4,045,123$ 4,045,123$ Total: 1,725,000$ 2,875,000$ 52,008,500$ 28,814,312$ 4,045,123$ 4,045,123$ Source of Funds 2023 2024 2025 2026 2027 2028 General Fund Lease from UPS: 237,021$ 824,575$ 280,646$ -$ -$ -$ Potential Additional REET 1 Funds: 50,000$ 50,000$ 406,560$ -$ -$ -$ Land Sales: 300,000$ 500,000$ 9,500,000$ -$ -$ -$ Exceed Funds from 302 Fund: 275,479$ 62,925$ -$ -$ -$ Other General Fund Contribution:-$ -$ -$ -$ -$ -$ Proceeds from Bonds:-$ -$ 69,948,400$ -$ -$ -$ General Fund Debt Service:-$ -$ 0 -$ 1,545,123$ 1,470,123$ Funding from Partners:-$ -$ -$ -$ -$ -$ Grants:-$ -$ -$ -$ -$ -$ Park Impact Fee:-$ -$ -$ -$ -$ -$ Subtotal: 862,500$ 1,437,500$ 80,135,606$ -$ 1,545,123$ 1,470,123$ Utilities Water: 293,250$ 488,750$ 233,650$ -$ 850,000$ 875,500$ Sewer: 163,875$ 273,125$ 130,569$ -$ 475,000$ 489,250$ Surface Water: 405,375$ 675,625$ 322,987$ -$ 1,175,000$ 1,210,250$ Grants: Subtotal: 862,500$ 1,437,500$ 687,206$ -$ 2,500,000$ 2,575,000$ Total All Sources: 1,725,000$ 2,875,000$ 80,822,812$ -$ 4,045,123$ 4,045,123$ Starting Year Balance:-$ -$ 28,814,312$ (0)$ (0)$ Ending Year Fund Balance:-$ -$ 28,814,312$ (0)$ (0)$ (0)$ (S3) Total Construction Estimates, Land Sales Going Towards Construction, 4% Bond, 30 Year Bond 15 INFORMATIONAL MEMO Page 10 marginal cost increases of the partner. Essentially, the City must receive funds above the cost incurred by the partner being on the property. 5. One-time funding sources for one-time expenses. 6. Others? c. Other Capital Needs Funds that are being allocated from land sales and REET 1 are potential funds that could be used for other one-time capital expenses, such as replacing the HVAC system at the Tukwila Community Center. The City has been successful in getting a state grant for the work and there is a federal appropriation also pending. d. Other Potential Sources of Revenue Many jurisdictions have been unable to spend their American Rescue Plan Act (ARPA) funds. There is a slight possibility that the City maybe able to secure additional ARPA funds to assist with the design work. If the City is successful, these funds could be used to meet the non- utilities funding for the design phase funds. III. Funding the Design and Pre-Construction Work The City’s project manager, SOJ, have secured quotes from professional firms to complete the design and pre-construction work for Public Works Phase 2. The total cost for all firms and work is $ $5,195,141, with an additional owner’s contingency of $779,271, for a total of $5,974,412. This work would be spread out in 2023, 2024, and 2025. Like with the Test to Fit work, the cost for the design and pre-construction was envisioned to be split 50/50 between the general fund and utilities. An additional $1,644,964 in non-utility funds would have to be used to support the design and pre-construction phase. Staff believes that using a combination of funds from excess REET 1, 302 (Urban Renewal), land sales revenue, and the ending fund balance of 306 can be used for these funds. Year 2023 2024 2025 Total Total Spend Per Year: 1,725,000$ 2,875,000$ 1,374,412$ 5,974,412$ Source of Funds General Fund Lease Revenue from UPS: 237,021$ 824,575$ 280,646$ 1,342,242$ Other Funds: 625,479$ 612,925$ 406,560$ 1,644,964$ Proceed from Land Sales:-$ Subtotal: 862,500$ 1,437,500$ 687,206$ 2,987,206$ Utilities Water: 293,250$ 488,750$ 233,650$ 1,015,650$ Sewer: 163,875$ 273,125$ 130,569$ 567,569$ Surface Water: 405,375$ 675,625$ 322,987$ 1,403,987$ Subtotal: 862,500$ 1,437,500$ 687,206$ 2,987,206$ Total All Sources: 1,725,000$ 2,875,000$ 1,374,412$ 5,974,412$ Design and Pre-Construction Projected Burn 16 INFORMATIONAL MEMO Page 11 a. Debt i. Financing Like most capital projects, the Public Works Operation’s Campus can be paid with a variety of revenue options, grants, and capital appropriations from other governmental entities. The City will have to issue a bond to pay for the overall construction costs. One way of looking at the construction costs is to look at how the City would pay the annual debt service for the project. ii. Bond Capacity Year LTGO Debt UTGO Debt Total Long- Term Debt Assessed Value %Change AV 1.5%2.5% Remaining Non-Voted Debt Capacity Remaining Total Debt Capacity 2017 35,014,277 32,990,000 68,004,277 6,184,943,263 7.31% 92,774,149 154,623,582 57,759,872 86,619,305 2018 48,358,749 31,875,000 80,233,749 6,685,919,176 8.10% 100,288,788 167,147,979 51,930,039 86,914,230 2019 71,439,055 68,405,000 139,844,055 7,351,973,382 9.96% 110,279,601 183,799,335 38,840,546 43,955,280 2020 72,205,534 67,035,000 139,240,534 7,883,057,562 7.22% 118,245,863 197,076,439 46,040,329 57,835,905 2021 73,117,643 66,335,000 142,302,643 8,010,892,032 1.62% 120,163,380 200,272,301 44,195,737 57,969,658 2022 70,734,706 65,375,000 138,650,706 8,970,452,548 11.98% 134,556,788 224,261,314 61,281,082 85,610,608 2023 64,094,790 63,595,000 129,921,790 9,374,122,913 4.50% 140,611,844 234,353,073 74,285,054 104,431,283 2024 59,643,954 61,615,000 123,181,954 9,795,958,444 4.50% 146,939,377 244,898,961 85,372,423 121,717,007 2025 55,602,406 59,210,000 116,426,406 10,236,776,574 4.50% 153,551,649 255,919,414 96,335,243 139,493,008 2026 51,941,964 56,565,000 109,811,964 10,697,431,520 4.50% 160,461,473 267,435,788 107,214,509 157,623,824 2027 48,157,300 53,660,000 102,813,300 11,178,815,938 4.50% 167,682,239 279,470,398 118,528,939 176,657,098 2028 44,231,450 50,485,000 95,403,450 11,681,862,655 4.50% 175,227,940 292,046,566 130,309,490 196,643,116 2029 40,164,314 47,025,000 87,567,314 12,207,546,475 4.50% 183,113,197 305,188,662 142,570,883 217,621,348 2030 36,414,928 43,290,000 79,773,928 12,756,886,066 4.50% 191,353,291 318,922,152 154,869,363 239,148,224 2031 32,218,328 39,270,000 71,488,328 13,330,945,939 4.50% 199,964,189 333,273,648 167,745,861 261,785,320 2032 28,515,314 34,950,000 63,465,314 13,930,838,506 4.50% 208,962,578 348,270,963 180,447,264 284,805,649 2033 24,683,322 30,315,000 54,998,322 14,557,726,239 4.50% 218,365,894 363,943,156 193,682,572 308,944,834 2034 20,723,662 25,360,000 46,083,662 15,212,823,920 4.50% 228,192,359 380,320,598 207,468,697 334,236,936 2035 16,626,052 20,075,000 36,701,052 15,897,400,996 4.50% 238,461,015 397,435,025 221,834,963 360,733,973 2036 12,652,810 14,440,000 27,092,810 16,612,784,041 4.50% 249,191,761 415,319,601 236,538,951 388,226,791 2037 8,926,072 8,440,000 17,366,072 17,360,359,323 4.50% 260,405,390 434,008,983 251,479,318 416,642,911 2038 5,070,838 4,335,000 9,405,838 18,141,575,492 4.50% 272,123,632 453,539,387 267,052,794 444,133,549 2039 1,640,000 - 1,640,000 18,957,946,389 4.50% 284,369,196 473,948,660 282,729,196 472,308,660 2040 - - - 19,811,053,977 4.50% 297,165,810 495,276,349 297,165,810 495,276,349 2041 - - - 20,702,551,406 4.50% 310,538,271 517,563,785 310,538,271 517,563,785 2042 - - - 21,634,166,219 4.50% 324,512,493 540,854,155 324,512,493 540,854,155 2043 - - - 22,607,703,699 4.50% 339,115,555 565,192,592 339,115,555 565,192,592 Voted debt cannot exceed the aggregate of: 2.5% for general purposes, 2.5% for parks and open spaces, & economic development, and 2.5% for utility purposes 17 INFORMATIONAL MEMO Page 12 iii. Annual Debt Service 30 Year Debt Issuance Interest Rate 5.00% Payments Per Year 1 Term (Years) 30 Total Bond Annual Debt Service Minimum General Fund Obligation 80,000,000 $5,204,115 $2,602,057.40 75,000,000 $4,878,858 $2,439,428.82 70,000,000 $4,553,600 $2,276,800.23 65,000,000 $4,228,343 $2,114,171.64 60,000,000 $3,903,086 $1,951,543.05 Like most capital projects, the Public Works Phase 2 can be paid with a variety of revenue options, grants, and capital appropriations from other governmental entities. The City will have to issue a bond to pay for the overall construction costs. One way of looking at the construction costs is to look at how the City would pay the annual debt service for the project. Page 51 of the City’s 2023/2024 Adopted Budget outlines the City’s required debt service through 2028. As shown on the page, the City assumed the general fund would support $1,951,543 in annual debt service for the Public Works Shops, Phase 2. Since the general fund is assumed to support 50 percent of the construction costs, with the utilities assuming the other half. This would support a total bond of $60 million per year. In 2023 the total debt payments for all debt for the City is approximately $5.01 million. Page 51 of the City’s 2023/2024 adopted budget is below. 40 Year Debt Issuance Interest Rate 5.00% Payments Per Year 1 Term (Years) 40 Total Bond Annual Debt Service Minimum General Fund Obligation 80,000,000 $4,662,253 $2,331,126.45 75,000,000 $4,370,862 $2,185,431.04 70,000,000 $4,079,471 $2,039,735.64 65,000,000 $3,788,080 $1,894,040.24 60,000,000 $3,496,690 $1,748,344.83 18 INFORMATIONAL MEMO Page 13 Based upon updated construction costs, for planning purposes the City is assuming construction costs, including bond costs, of $79.44 million. The design and pre-construction work will be paid with cash on hand and not included in the bond. Total Maximum Potential Bond Total (Hard and Soft) Cost: 77,890,588 Cost of Debt Issuance:1,557,812 Total Bond: 79,448,400 General Fund and Utility Fund Allocations, Adjusted General Fund Allocation 39,724,200 Less Grants and One Time: - Less Land Sales: - Alternative Scopes: - Total: 39,724,200 General Fund Debt Service 2,584,116 Utility Fund Allocation 39,724,200 Less Grants Alternative Scopes: Less One Time Monies Total, Utilities: 39,724,200 Utilty Debt Service 2,584,116 19 INFORMATIONAL MEMO Page 14 The total potential bond obligations would be split 50/50 between the general fund and utilities. The terms are 30 years, with 5% percent interest rate. The obligations above assume no land sales, no one time cost adjustments, and no grants/one time funding opportunities. It’s essentially the max debt service model. However, the debt service obligations are lowered if the City credits land sales and other one-time funds to the project. The adjusted model (discussion purposes only) above assumes $2 million in grants/one-time funds, $5 million in land sales, and reducing the scope by $1 million, lessening the general fund total debt service obligation to just over $2 million per year. The use of one-time funds would significantly reduce the annual debt service the general fund would have to service per year. iv. Interest Rate Variable General Fund and Utility Fund Allocations, Adjusted General Fund Allocation 39,724,200 Less Grants and One Time: - Less Land Sales: 10,000,000 Alternative Scopes: 500,000 Total: 29,224,200 General Fund Debt Service 1,901,076 Utility Fund Allocation 39,724,200 Less Grants Alternative Scopes: Less One Time Monies Total, Utilities: 39,724,200 Utilty Debt Service 2,584,116 General Fund Debt Service General Fund Bond Allocation: 39,750,000 34,750,000 29,750,000 24,750,000 Maximum Payment Required: $2,585,795 $2,260,537 $1,935,280 $1,610,023 Debt Service in 2023/2024 Budget: 1,951,543 1,951,543 1,951,543 1,951,543 Max. Additional Gen. Funds Needed: 634,251 308,994 (16,263) (341,520) 30 Year Payments, Based On Interest Rate Total Bond 4.50% 5.00% 5.50% 6.50% 7.00% 80,000,000 $4,911,323 $5,204,115 $5,504,431 $6,126,195 $6,446,912 75,000,000 $4,604,366 $4,878,858 $5,160,404 $5,743,308 $6,043,980 70,000,000 $4,297,408 $4,297,408 $4,297,408 $4,297,408 $4,297,408 65,000,000 $3,990,450 $3,990,450 $3,990,450 $3,990,450 $3,990,450 60,000,000 $3,683,493 $3,683,493 $3,683,493 $3,683,493 $3,683,493 Interest Rate 40 Year Payments, Based On Interest Rate Total Bond 4.50% 5.00% 5.50% 6.50% 7.00% 80,000,000 $4,347,452 $4,662,253 $4,985,627 $5,655,498 $6,000,731 75,000,000 $4,075,736 $4,370,862 $4,674,026 $5,302,029 $5,625,685 70,000,000 $3,804,020 $3,804,020 $3,804,020 $3,804,020 $3,804,020 65,000,000 $3,532,305 $3,532,305 $3,532,305 $3,532,305 $3,532,305 60,000,000 $3,260,589 $3,260,589 $3,260,589 $3,260,589 $3,260,589 Interest Rate 20 INFORMATIONAL MEMO Page 15 iv. Hypothetical Utility Annual Rent Payments Assuming a bond of $79,448,000 per year with fixed payments. Hypothetical total base rent is $3,000,000 per year, with the utilities responsible for half of the rent cost. As is typical with all commercial leases, the base rent increases on an agreed upon amount. This amount would be set by an industry standard. The rent amount would be determined by obtaining a broker’s opinion value. Staff is working on the cost share allocation with the City’s utility funds (water, sewer, and stormwater) to ensure that the utilities are paying their fair share for the improvements. This will most likely include the utilities paying rent to the general fund indefinitely for the site. In future years the rent would likely be higher than our debt service to reflect a change in market rent. IV. Other The following outlines specific questions that have been asked in the various City Council and committee meetings. a. Construction Delay Costs Construction is currently anticipated to begin on May 1, 2025, shortly after the existing tenant’s lease expires. Current estimates are that for every month in delay the project’s construction costs would increase approximately $300,000 per month. b. Phasing of the Project A question came up at the February 27 Finance and Governance Committee meeting regarding a previously discussed phase 3 of the project. This comment seemed to be related to cost management and reducing the scope of the current project. 2024 2025 2026 2027 2028 Projected General Fund Revenues: 74,042,407$ 66,813,952$ 68,258,314$ 69,971,661$ 71,550,732$ Adopted Projected Debt (includes $1.95 M for PW Phase 2): 4,206,345$ 5,643,933$ 5,735,890$ 5,739,099$ 5,704,835$ % of Debt Payments to General Fund Revenue: 5.68% 8.45% 8.40% 8.20% 7.97% Max General Fund Additional Debt Needed:-$ 632,573$ 632,573$ 632,573$ 632,573$ Total Potential Debt: 4,206,345$ 6,276,506$ 6,368,463$ 6,371,672$ 6,337,408$ % Debt Payments to General Fund Revenue: 5.68% 9.39% 9.33% 9.11% 8.86% Six Year Financial General Fund Debt Support Hypothetical Market Rent for Property:5,000,000$ Utilities Rent (50% of estimated rent): 2,500,000$ Annual Cost Adjustment:5% Year Total Debt Service Utility Rent General Fund Obligation 1 5,168,232$ 2,500,000$ 2,668,232$ 2 5,168,232$ 2,625,000$ 2,543,232$ 3 5,168,232$ 2,756,250$ 2,411,982$ 4 5,168,232$ 2,894,063$ 2,274,170$ 5 5,168,232$ 3,038,766$ 2,129,467$ 6 5,168,232$ 3,190,704$ 1,977,529$ 7 5,168,232$ 3,350,239$ 1,817,993$ 8 5,168,232$ 3,517,751$ 1,650,481$ 9 5,168,232$ 3,693,639$ 1,474,594$ 10 5,168,232$ 3,878,321$ 1,289,912$ 21 INFORMATIONAL MEMO Page 16 In 2019 the City Council authorized SHKS Architects to do site design planning for the public works shop site. A copy of the conceptual site design planning, including a three-phased total project is shown in the attachment provided. That proposed phasing would have resulted in the City demolishing and moving out of the Fleet and Facilities building. However, the City Council directed staff not to pursue the three-phase plan and to instead plan around the Fleet and Facilities building remaining in its current location. The City Council also provided additional funds to improve the seismic status of the building to be one that can be useable after an earthquake. Staff has taken this direction from Council and the project does not currently include a third phase and assumes the Fleet and Facility building will remain for the useful life of the building. Phasing of Phase 2 will not reduce the project cost or save the City money. In fact, the project team believes phasing would add more overall costs to the project: 1. Most of the significant cost items, such as the stormwater system and administration building cannot be phased. 2. Construction costs will likely continue to increase. In fact, going back to 2009, construction costs have always trended upwards, some years more steeply than others. At best the rate of increase may not be as aggressive, but the cost will continue to move upwards. Staff has discussed likely construction cost trends with developers who also believe that costs will continue to rise. 3. The City may be able to take advantage of favorable bonding costs in the next few years. If the work was spread out the City the City may have to issue different bonds and the terms may not be as favorable on the second issuance. 4. There are inefficiencies for the contractors since they would have to mobilize and secure temporary facilities for a phase project. These inefficiencies would be passed on to the City has additional costs for the project. 5. The design costs would be increased since the City would have to prepare two additional sets of contract documents. 22 INFORMATIONAL MEMO Page 17 c. List of City Facilities (Due to space, this was moved as an attachment). d. Monetization of Surplus City Properties (Due to space, this was moved as an attachment). Attachment “B” is an updated list of properties that the City could monetize. If the vote to the RFA is successful, the City would not have to budget additional fire capital equipment into the D-20 model. This frees up land sales and leases to support other projects, such as the Public Works Operations Campus Phase 2. There is just under $18 million in potential land sales available to the city over the next five years. e. Intergenerational (Teen/Senior) Center Update The City Council did not allocate any funding for the planning of the Intergenerational Center in 2023 or 2024. The CIP does show funds being allocated in 2025 and 2026 for additional planning efforts. f. Minkler Shops and Levee Issues The Minkler Facility is classified as a critical facility because of its role in assisting with emergency response and because it stores hazardous materials, that if flooded would be problematic. Per Tukwila Municipal Code 16.52.120, all new critical facilities shall be located outside of the limits of the 100-year flood event. If no feasible alternative exists, then the facility shall be elevated 3 feet above the base flood elevation (100-year flood event) or elevated to the 500-year flood elevation, whichever is higher. The City’s Floodplain Ordinance is based on the state’s model floodplain ordinance. Additionally, the Minkler Shops are located immediately behind the decertified Tukwila 205 levee, which has been shown to not meet federally established criteria (44 CFR 65.10) to provide reasonable assurance that protection from the base flood (aka 100-year flood) exists. The City, along with the King County Flood Control District and the US Army Corps of Engineers, are working on a long term, multi-phase process to address levee deficiencies. Minkler Shops has also been identified by WRIA-9 as an ideal location along the Green River to complete a salmon restoration project. A restoration project would likely be included in an overall levee setback project in the area. King County Flood District has expressed an interest in purchasing the Minkler Shops property. g. Can spoils be located somewhere else doing design and construction phase? The City’s spoils storage are currently scattered at various city owned site. Longacres and George Long will likely not be available to the City in the next few years as the City moves to sale the properties 1. Hydro-Excavated Spoils (clean muddy wet dirt) stored while it dries under the Grady Way Bridge accessed via Long Acres Property. 2. Dry Excavated Spoils (clean dry dirt) stored Long Acres Property. 3. Vactor Catch Basin Waste (grit, oil, sand) transported directly to King County Vactor Waste Facility in Renton. We don’t have a site to handle this type of material (Decant Facility). Not efficient use of time and limited to restricted delivery hours. 23 INFORMATIONAL MEMO Page 18 4. Street Sweeping Waste (leaves, litter, grit) stored at George Long before hauled to Waste Management Rail Transfer site in South Seattle. Stockpile is transported once large enough to send multiple dump trucks, multiple times on a scheduled delivery day. 5. Wood Chipping Waste (wood chips, ground leaves and vegetation) stored at George Long before used in parks and ROW as landscape mulch. h. Cost of Operations Campus to Date To date, the City has spent approximately $36 million on the Public Works Operations Campus. A significant amount of the funds used were to acquire the three parcels and to assist with business relocation for two of the businesses on the site. i. Impacts of Terminating the Project Terminating the project would result in the City not fulfilling its commitment regarding investing in new, safe buildings for the City’s public safety personnel. The City would have staff located at the Minkler Shops, which are too small for the City’s operations. Terminating the project would also result in general fund needing to pay back the utilities for work done to date on the project. The City has been implementing a 50/50 split between the general fund and utilities. General fund activities from George Long have moved to the Public Works Operations Campus. However, the utilities are located at Minkler Shop. If the utilities do not utilize the new campus the City cannot justify the 50/50 split. NEXT STEP Staff is requesting authorization to move forward with the design and pre-construction work. Staff is not requesting authorization to move forward with construction or for the issuance of debt for the construction of the project. The following outlines the contracts that would need to be executed. The design and pre- construction work will occur in 2023, 2024, and 2025. Construction could begin in May of 2025. Staff would like to have the owner’s contingency floating. Meaning that the City would allocate to a specific contract if and when needed. It’s possible that other contracts would be needed, and the City could use the owner’s contingency for this work. Staff is requesting permission to add funds to contracts or to secure additional contract, if needed, provided the total project allocation does not exceed $5,974,412, with the need to get the contract modified by the City Council. Firm Services Design Phase Costs Construction Phase Costs Miller Hayashi Architect 3,928,715.00$ 1,487,110.00$ GeoEngineers Geotech 32,842.00$ 48,000.00$ NOVO HAZMAT 19,900.00$ Part of the 19,900 Wetherholt Building Envelope 12,950.00$ 56,850.00$ SOJ Project Management 750,734.00$ Not provided Ogden Murphy Legal 50,000.00$ Not provided GCCM Preconstruction 400,000.00$ Not provided Subtotal:5,195,141.00$ 15% contingency:779,271.15$ Total Design Phase Costs:5,974,412.15$ (Excludes: Permit Fees, Bond Costs) Tukwila Maintenance & Engineering Building - Design Phase Budget DRAFT - 4/10/2023 24 INFORMATIONAL MEMO Page 19 Similar to the public safety plan, staff would also like to implement a monthly report to the City Council regarding the budget and expenditures associated with the design and pre-construction phase. This would be a report include in a packet to the City Council. Additionally, the project team will provide formal milestone check ins to the City Council in October, 2023; June, 2024, and March, 2025. Each one of these milestones would serve as potential offramp for the City Council to terminate the project. FINANCIAL IMPACT RECOMMENDATION Staff is requesting Council authorization for the Mayor to sign all necessary contracts for design and pre-construction work not to exceed $5,974,412 including contingencies. This would include specific updates and opportunities for off-ramps during this process. Staff would like to present this final report to the Committee of the Whole on May 22, 2023. The draft contracts for execution would be included in the packet for that meeting. Final City Council action could occur on June 5, 2023. ATTACHMENTS  SHKS Architects Phasing Outline  Attachment “A,” Current Conditions and Overview of Key City Facilities  Attachment “B,” Surplus Property Sale Opportunities  Attachment “C” Debt Service  Attachment “D” Salmon Habitat Project, Minkler Shops, WRIA-9 25 26 2 7 2 8 Attachment “A”, Current Conditions and Overview of Key City Facilities DRAFT, Updated May 1, 2023 Campus Building Name Year Built Building Sq. ft. Land Sq. ft. Primary Use Secondary/Backup Use Seismic Risk Flood Risk Tenant Improvement (Last Ten Years) Can be surplus? City Hall City Hall 1979 25,159 117,774 Administration and City Council N/A Some risks were identified in the 2008 study, but generally the building was satisfactory. Low $595,806 N/A 6300 Building 1980 33,230 67,417 Administration (DCD, PW, TIS, City Council meetings, and Administrative Services.) Sound Cities Association (tenant) 2008 study identified significant issue with building in the event of an earthquake, including a risk to inhabitants. Low $526,831 Possibly, if City Hall campus operations were consolidated into other city facilities. Major Parks Facilities Tukwila Community Center 557,568 35,260 Parks and Recreation offices; teen and senior activities; Emergency shelter. Was not designed as an essential facility, Low $859,925 N/A 2 9 Attachment “A”, Current Conditions and Overview of Key City Facilities and meeting space. significant seismic issues. Foster Golf Club House 2004 14,656 N/A Club house and restaurant for Foster Golf Links N/A Was built to current standards in 2004. Low Still researching. N/A Parks Maintenance Facility 2,900 N/A Parks maintenance shops and offices. N/A Generally acceptable. Medium Still researching. N/A Public Safety Buildings Justice Center 2021 123,859 Police, Court, and Emergency Operation’s Center Community meeting space. Built to meet current seismic standards. Low $8,755 N/A Fleet and Facilities 2022 23,397 127,125 Public Works Operations, Fleet and Facilities N/A Building was retrofitted to be operational following a seismic event. Low N/A N/A Minkler Shops 1972- 1975 7,480 484,823 Public Works Streets and Utilities. N/A 2008 report identified seismic deficiencies that would render it suspectable to unacceptable levels of damage. Soil liquefaction High $45,537 Yes, was part of the D-20 financing model. 3 0 Attachment “A”, Current Conditions and Overview of Key City Facilities also a concern. New Fire Station 51 2021 11,240 246,878 Fire Station Community space. Built to current seismic standards. Low New Construction N/A New Fire Station 52 2021 14,650 108,904 Fire Station Community space, backup emergency operation’s center. Built to current seismic standards. Low New Construction N/A Fire Station 53 1995 7,392 38,860 Fire Station N/A Generally acceptable. Site damage from a seismic event could hinder access. Low $116,332 Fire Station 54 1961 5,398 111,064 Fire Station N/A Does not meet immediate occupancy standards following a seismic event. Low $35,892 Will be leased to RFA. The deed is vested with old Fire District. Staff is working to address this issue. Other Buildings Old Fire Station 51 1973 16,115 81,000 Currently being used for police vehicle evidence storage. None. 2008 study recommended replacing the entire structure. Building is not Medium, protected by levee. $124,815 Yes, was part of the D-20 financing model. 3 1 Attachment “A”, Current Conditions and Overview of Key City Facilities currently being used for occupancy by City staff. Old Fire Station 52 3,330 1971 50,530 Vacant None N/A Low N/A No, deed restrictions limits the City’s ability to sell or lease. Old Fire Station 53 (Allentown) 1930 4,608 21,042 Storage None N/A Low N/A Yes, was part of the D-20 financing model. George Long 1965 18,168 166,439 Vacant, some storage None N/A, not being used for occupancy. Medium $60,447 Yes, was part of the D-20 financing model. 3 2 Attachment “B”, Surplus Property Sale Opportunities Updated, March 15, 2023 Updated, March 21, 2023 Council Direction Property Name Status Estimated Value Contract or Final Sales Price Notes Budget Allocation Property Sold or Under Contract HealthPoint Under contract with HealthPoint N/A, under contract. $3,850,000 HealthPoint has already paid the City $2,500,000. The final payment of $1,350,000 is due by June 30, 2023. In Fund 302 – Urban Renewal: $1.85 million to pay off line of credit for Urban Renewal and TIB redevelopment. $1 million for ERP system, $1 million unallocated Travelers Choice Sold, closed October 26, 2021 N/A, sold. $665,000 Part of mitigation measures for impacts with the Justice Center siting. $400,000 was budgeted to urban renewal/TIB redevelopment and $265,000 to the Public Safety Plan (Fund 305) Council Authorized Purchase and Sale Agreement George Long In progress. $3,225,000 N/A Council authorized the Mayor to enter into purchase and sale agreement with King County. Still working to finalize Council Previously Briefed on Likely Surplus Old Allentown Fire Station Not yet started. $200,000 N/A 3 3 Attachment “B”, Surplus Property Sale Opportunities Updated, March 15, 2023 Longacres Parcel Begun preliminary discussions about bringing property to market. $2,000,000 N/A Previously allocated to Public Safety Plan; should annexation to the PSRFA occur these funds would not be needed for the Public Safety Plan. Not budgeted since Council has not given direction. Old Fire Station 51 On hold. $2,300,00 N/A Police is currently using the building for vehicle evidence storage. Previously allocated to Public Safety Plan; should annexation to the PSRFA occur these funds would not be needed for the Public Safety Plan. Not budgeted since Council has not given direction. Newporter Not yet started. $1,000,000 N/A Minkler Shops Have had preliminary discussions with King County Flood District $4,200,000 N/A Cannot be sold until decision is made regarding Public Works Phase 2. Additional Properties, No Council Direction Yet Old Fire Station 52 N/A N/A N/A Deed restriction on property limits the City’s option with the property; required to stay in community use. Building will likely need to be demolished and the City will look at city other opportunities N/A 3 4 Attachment “B”, Surplus Property Sale Opportunities Updated, March 15, 2023 with the property to expand Hazelnut park. 6300 Building Not yet started. $4,000,000 N/A Council has not previously been briefed on possible surplus of 6300 building. Until staff can be consolidated into other buildings, the City cannot surplus. Staff has been looking for tenants to lease vacant office space. Funds have not been allocated, decision would need to be made regarding consolidation of city staff into City Hall or other City facility. Star Nursery Site On hold $880,000 N/A This property was purchased for the relocation of Fire Station 54, but construction of the station was deferred. The site was also identified as a possible site for a future teen/senior center. Funds have not been allocated. 3 5 3 6 Debt Service 2023-2028. This chart displays the general fund contribution to debt service for existing debt, planned debt and proposed debt over the 6-year projection period. The totals in the chart represent debt service payments; the totals do not take into consideration other revenue sources that offset the general fund obligation. TOTAL 2023 2024 2025 2026 2027 2028 2023-2028 LTGO 2015 392,475 389,375 391,125 387,575 391,050 392,050 2,343,650 Interurban 227,636 225,838 226,853 224,794 226,809 227,389 164,840 163,538 164,273 162,782 164,241 164,661 LTGO 2017 558,400 557,750 556,800 555,550 554,000 557,150 3,339,650 LTGO 2018 1,532,700 1,534,450 1,534,200 1,531,950 1,532,700 1,531,200 9,197,200 (766,350) (767,225) (767,100) (765,975) (766,350) (765,600) (4,598,600) LTGO 2019 1,691,050 1,689,550 1,690,800 1,689,550 1,690,800 1,689,300 10,141,050 (372,031) (371,701) (371,976) (371,701) (371,976) (371,646) (2,231,031) SCORE 2019 376,876 376,914 377,126 376,861 377,054 376,693 2,261,524 Refunding (376,876) (376,914) (377,126) (376,861) (377,054) (376,693) (2,261,524) LTGO 2020R 513,029 516,579 - - - - 1,029,608 Refunding Southcenter Pkwy Extension 376,307 378,911 - - - - Emergency Management 136,722 137,668 - - - - LTGO 2021A 314,231 314,241 314,172 314,226 314,198 314,188 1,885,256 (157,116) (157,121) (157,086) (157,113) (157,099) (157,094) (942,628) LTGO 2021B 257,741 257,475 258,381 257,321 257,146 256,826 1,544,890 LTGO 2021C 542,569 - - - - - 542,569 Existing debt 5,019,728$ 4,479,953$ 3,449,316$ 3,441,383$ 3,444,469$ 3,446,374$ 22,251,614$ PROPOSED DEBT: LTGO 2020 PW Shops-General Fund Portion 30,000,000 - - 1,951,543 1,951,543 1,951,543 1,951,543 7,806,172 -$ -$ 1,951,543$ 1,951,543$ 1,951,543$ 1,951,543$ 7,806,172$ TOTAL Estimate / Projections 5,019,728$ 4,479,953$ 5,400,859$ 5,392,926$ 5,396,012$ 5,397,917$ 30,057,786$ Interurban/Boeing Access Rd Brdg Boeing Access Road Bridge PW Shops 50% paid by utility funds 42nd and 53rd Sidewalks PSP (Justice Center, Fire) & PW Shops 22% paid by utility funds South County Correctional Entity, SCORE Jail facility Estimated contribution by SCORE Southcenter Parkway Extension, emergency management PW Shops 50% paid by utility funds Urban Renewal Arterial Streets Use of Debt Proceeds BUDGET PROJECTIONS EXISTING DEBT: 51 2023 - 2024 Biennial Budget City of Tukwila, Washington 51 38 RM 14 LG-35 G reen River I n t e r u r b a n T r a i l - T u k w i l a G r e e n R i v e r T r a i l - T u k w i l a InterurbanTrail Site - Tukwila InterurbanTrail Site - Tukwila Minkler Blvd An d o v e r P a r k E 181TUKWILA RENTON K ING C OUNT Y Seattle WRIA 9 Incorporated Area N Vashon/ Maury Islands Miles 0 5 10 LOCATION MAP Seattle PROJECT AREA MAP Public Lands N0 200 400 ft.Park Incorp. Area Boundary Floodplain Restoration Riparian Acquisition $ Planning/ Design Side channel Scoping/ Reconnaissance Primary strategy Protect, restore and enhance floodplain connectivity. Benefits: • Flood risk reduction • Increased habitat connectivity • Increased rearing habitat Contribution to goals metrics: • LG - O-channel habitat PROJECT DESCRIPTION: Relocate the City of Tukwila's stormwater pond; clean and connect the existing pond to the river, setback the levee to create up to 7 acres of o channel habitat. Tier 1 Project: LG-35 P-17 Pond Connection Reconnection PROJECT FACTS Subwatershed: Lower Green (LG) River mile: RM 13.7- 13.9/ left bank Banksidejurisdiction: City of Tukwila Project sponsor: City of Tukwila Budget: $37,000,000 PROJECT TYPE: Project Area Map: Ortho2019KCNAT aerial photo Site photo: Google Earth KCIT-DCE file: 2011_10202L LPRE GIS file Q:\20009\WRIA9_ProjectMaps.mxd KLINKAT KEY HABITAT: P-17Pond PAGE 128 Green-Duwamish and Central Puget Sound Watershed Salmon Habitat 2021 Update 39