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HomeMy WebLinkAboutTrans 2012-05-07 Item 2C - Applications - Public Works Trust Fund LoanCity of Tukwila Iz•� FROM: BY: DATE: SUBJECT: Jim Haggerton, Mayor INFORMATIONAL MEMORANDUM Mayor Haggerton Transportation Committee Bob Giberson, Public Works Director Robin Tischmak, City Engineer May 4, 2012 Public Works Trust Fund Loan Applications ISSUE Authorize the submittal of four Public Works Trust Fund Loan (PWTF) applications. BACKGROUND The 2014 Construction Loan cycle has approximately $400 million available for eligible applicants with up to $15 million available for each jurisdiction. Construction loan funding is available for the following eligible systems: drinking water, sanitary sewer, storm water, solid waste /recycling, bridges, and roadways. Public Works Trust Fund loans can be used to construct capital projects at low interest rates. Obtaining construction loans would allow the City to build capital projects in the near future without relying on significant amounts of general funds or enterprise funds that may not be readily available. The $15 million per jurisdiction is expected to be non competitive as the Department of Commerce feels that it can fund all eligible projects for each jurisdiction as long as they total less than the $15 million. DISCUSSION Projects listed in the Capital Improvement Program were reviewed to determine if PWTF financing was a reasonable and prudent funding source. Four eligible projects were identified that would benefit from PWTF loans. They are as follows: Reauested Amount Total Proiect Cost Boeing Access Road Bridge Rehabilitation $2.5 million $12.5 million Interurban Ave S (S 143 St to Fort Dent Way) 2.5 million 11.1 million Andover Park East Water Main Replacement 1.8 million 1.8 million Soils Reclamation Facility (Storm Water) 2.8 million 2.8 million Totals $9.6 million $28.2 million RECOMMENDATION Committee approval for the submittal of PWTF loan funding applications for the four projects. Attachments: PWTF Loan Information CIP Sheets (4) W: \PW Eng \OTHER \Robin Tischmak \PWTFLoan Applications memo 5- 4- 12.docx 53 Visit www.pwb.wa.gov WELCOME TO THE REQUEST FOR FINANCIAL ASSISTANCE START PAGE! E Approximately $400 million Elig A is availablel Cities/ Towns Counties Local match is not required! Special Purpose Districts Loan awards are contingent upon fund availability and approval by the Public Works Board (Board) and the Legislature. 'For the 2014 Construction Loan cycle, the maximum loan amount is $15 million per jurisdiction, with the possibility of additional funds being awarded on a per project basis at the Board's discretion. "Standard loan offer is 1% interest repaid over a 20 year term. Applicants may request alternative loan terms, as outlined in this table. AH loan terms are subiect to neaotiation and Board approval Some applicants may qualify for additional interest rate reductions based on financial distress. Request Financial Assistance 54 March 15 May 11, 2012 Up to $15 million per jurisdiction.* Eligibly Systems` Drinking water Sanitary sewer L Storm water �d ��,��e�tiing t years 0.50% Bridges Roadways deas 0. Streets 20 years 1.00% 25 yea 1.50% 30 years 2.00% Loan awards are contingent upon fund availability and approval by the Public Works Board (Board) and the Legislature. 'For the 2014 Construction Loan cycle, the maximum loan amount is $15 million per jurisdiction, with the possibility of additional funds being awarded on a per project basis at the Board's discretion. "Standard loan offer is 1% interest repaid over a 20 year term. Applicants may request alternative loan terms, as outlined in this table. AH loan terms are subiect to neaotiation and Board approval Some applicants may qualify for additional interest rate reductions based on financial distress. Request Financial Assistance 54 March 15 May 11, 2012 Funding Process Applicant works with CSR* on contract terms Applicant and conditions notified of progress Applicant notified of...i► progress Applicant notified o1e'► of progress by PWB Board reviews Contract recommends Legislative Applicant Negotiation approval process submits Managerial request Financial Project Review Review by (simultaneous PWB review) March 15th May 11th Applicant submits request for assistance Jutt June -July August October May Staff review CSR* and Board review Legislative projects applicant selection process submitted negotiate approval contract terms conditions *Client Service Representative Questions? Contact a Client Service Representative e San Juan 4 Ins. A N k�� Ferry StephenDipNc Kt ap Qo d Pend (360)725-3157 Skagtt Oreille Stephen.Dukocommm omagov l- Island Stevens ciytani Snohmish 1 !}ftG•[s4R Chelan Douglas Lincoln Spokane T 0" =723 -3135 U"YAW60CM1Y UM-WILOW JIIt u -c"mUf .(3"_/2S4"7 NlMlhsyv .OJetxtus OwN D 136%725 Chd$dfM.G"wrgJCO meme.Wa.gov Skamania Clark Ktickdat Grant Adams Whitman Franklin GarBel S t Columba W8119 Walla Aso b I 55 CITY OF TUKWILA CAPITAL PROJECT SUMMARY 2013 to 2018 PROJECT: Boeing Access Rd over BNRR Bridge Rehabilitation Project No. 99410408 DESCRIPTION: Rehabilitate the existing bridge with a 340' long concrete or steel bridge structure. It will be 110' wide curb to curb and have sidewalks on both sides. The existing bridge is structurally and seismically deficient. Several pedestals are leaning, have concrete JUSTIFICATION: spalls, exposed rusty anchor bolts and reinforcements and some cracks. The existing railings do not meet standards. Type, size, and location draft report (specifically required for bridges) was completed in 2005. Federal grant STATUS: applications were submitted in 2008 and 2010 and will continue to submit for funding in 2012 as federal bridge funds are made available. A PWTF loan application will also be submitted in 2012. MAINT. IMPACT: Maintenance will be reduced. COMMENT: Bridge will be constructed in phases to allow continued traffic use. Construction of projects over $10 million are only funded at 80% for federal funding. A Bond issue may be required for the City match. FINANCIAL Through Estimated (in $000's) 2011 2012 2013 2014 2015 2016 2017 2018 BEYOND TOTAL EXPENSES Design 53 1,300 1,353 Land(R/W) 100 100 Const. Mgmt. 1,400 1,400 Construction 9,700 9,700 TOTAL EXPENSES 53 0 1,400 11,100 0 0 0 0 0 12,553 FUND SOURCES Awarded Grant 0 Proposed Grant 1,120 8,880 10,000 Bond /PWTF Loan 280 2,220 2,500 Mitigation Expected 0 City Oper. Revenue 53 0 0 0 0 0 0 0 0 53 TOTAL SOURCES 53 0 1,400 11,100 0 0 0 0 0 12,553 Project Location T S N 5 W* oeYn cces_ `L o S t S1 2St W D 0 S 71 St p� A 6 1 St g z TM 128 2 S 30 _1 t 5I w e Rt 2013 2018 Capital Improvement Program 9 56 CITY OF TUKWILA CAPITAL PROJECT SUMMARY Project Location p- 1 s 12A 11 1 2 s 128 N N N S-9� 01 4" W S 1 'St�$ S III 1337 ry I I S 139 §A W 2 �4 N 8 144 St N (n St m S 1 46 St N m/ C F 47 S$ J b .1— S a n Is 'j i �it a 51 B m y d 9 St J `thcej�te� 1 9 a 1 5 158 St S 16 SI �7 I j TukwllajPkwy .A t 2013 2018 Capital Improvement Program 28 57 2013 to 2018 PROJECT: Interurban Ave S (S 143 St Fort Dent Way) Project No. 90310402 DESCRIPTION: Design and construct sidewalks, pavement restoration, drainage, and lighting. Pedestrian traffic is forced to walk in traveled way, lighting is substandard, drainage is poor and JUSTIFICATION: pavement failure is accelerating. Completed 90% of design in 2010. State TIB grant to be submitted in 2012. Federal STP construction grant STATUS: submitted in 2012. City will also apply for a PWTF loan in 2012. MAINT. IMPACT: Reduce annual pavement repairs and increase pedestrian safety. COMMENT: Federal Hwy STP Grant of $389,000 for design only. Proposed grants are Federal and State TIB. FINANCIAL Through Estimated (in $000's) 2011 2012 2013 2014 2015 2016 2017 2018 BEYOND TOTAL EXPENSES Design 464 250 714 Land(R/W) 150 150 Const. Mgmt. 1,300 1,300 Construction 9,400 9,400 TOTAL EXPENSES 464 0 400 10,700 0 0 0 0 0 11,564 FUND SOURCES Awarded Grant 389 389 Proposed Grant STP 5,000 5,000 Proposed Grant TIP 4,000 4,000 Impact Fees 0 City Oper. Revenue 75 0 400 1,700 0 0 0 0 0 2,175 TOTAL SOURCES 464 0 400 10,700 0 0 0 0 0 11,564 Project Location p- 1 s 12A 11 1 2 s 128 N N N S-9� 01 4" W S 1 'St�$ S III 1337 ry I I S 139 §A W 2 �4 N 8 144 St N (n St m S 1 46 St N m/ C F 47 S$ J b .1— S a n Is 'j i �it a 51 B m y d 9 St J `thcej�te� 1 9 a 1 5 158 St S 16 SI �7 I j TukwllajPkwy .A t 2013 2018 Capital Improvement Program 28 57 CITY OF TUKWILA CAPITAL PROJECT SUMMARY Project Location GIs T 1 2013 2018 Capital Improvement Program 87 58 2013 to 2018 PROJECT: Andover Park E Water Main Replacement Project No. 99940103 Design and construct 2,200 LF of new 16" ductile iron pipe along Andover Park East from Tukwila Pkwy to DESCRIPTION: Strander Blvd and 900 LF of 10" DIP in Christiansen Rd. JUSTIFICATION: Aging cast iron system has suffered frequent and spectacular failures. STATUS: Survey and in -house design is complete. Construction is scheduled for 2013. MAINT. IMPACT: A new pipe will significantly reduce impact on crews from the risk of cataclysmic events. COMMENT: FINANCIAL Through Estimated (in $000's) 2011 2012 2013 2014 2015 2016 2017 2018 BEYOND TOTAL EXPENSES Design 63 14 77 Land(R/W) 0 Const. Mgmt. 225 225 Construction 1,500 1,500 TOTAL EXPENSES 63 0 1,739 0 0 0 0 0 0 1,802 FUND SOURCES Awarded Grant 0 Proposed Grant 0 Mitigation Actual 0 Mitigation Expected 0 Utility Revenue 63 0 1,739 0 0 0 0 0 0 1,802 TOTAL SOURCES 63 0 1,739 0 0 0 0 0 0 1 Project Location GIs T 1 2013 2018 Capital Improvement Program 87 58 CITY OF TUKWILA CAPITAL PROJECT SUMMARY 2013 to 2018 PROJECT: Soils Reclamation Facility Project No. 99441202 DESCRIPTION: Construct soils reclamation facility to handle, treat, dispose and /or reuse non hazardous street sweepings and catch basin cleanings, etc. (formerly named Drainage/Vactor Waste Facility). To meet State NPDES regulations, City needs facilities to treat dispose of waste materials resulting from JUSTIFICATION: cleaning/ maintenance activities, including street sweepings and vactor truck wastes. Temporary site is no longer an option and disposal is now being transported to a King County facility in STATUS: Renton. A PWTF loan application is being submitted in 2012. A site location is currently being investigated. MAINT. IMPACT: Expected to decrease maintenance. COMMENT: May be combined with future location of City Maintenance Facility. FINANCIAL Through Estimated (in $000's) 2011 2012 2013 2014 2015 2016 2017 2018 BEYOND TOTAL EXPENSES Design 49 311 360 Land (R/W) 561 1,200 1,761 Const. Mgmt. 207 207 Construction 40 1,136 1,176 TOTAL EXPENSES 610 40 311 2,543 0 0 0 0 0 3,504 FUND SOURCES Awarded Grant 0 Proposed PWTF 2,800 2,800 Mitigation Actual 0 Mitigation Expected 0 Utility Revenue 610 40 311 (257) 0 0 0 0 0 704 TOTAL SOURCES 610 40 311 2,543 0 0 0 0 0 3,504 Note: Site Location is still under consideration. 2013 2018 Capital Improvement Program 150 59