2015 ‐ 2020 Preliminary Capital Facilities Plan
Partnerships JBLM work on the Isthmus properties Park Plan Update State/Federal grants for utilities PSE for streetlight conversions IT for smart corridor project Neighborhoods
2015 – 2020 CFP Stormwater Parks 8% Wastewater 7% 6% Transportation 47% Drinking Water 26% Parks $ 10,438,750 General Capital Transportation $ 66,196,434 Facilities General Capital Facilities $ 8,200,000 Drinking Water $ 37,137,400 6% Wastewater $ 9,052,200 Stormwater $ 11,496,100 Total $ 142,520,884
Funding Sources TBD Voted Utility Tax CIP Fund 3% 7% SEPA Mitigation 13% 0.4% Grants 15% Rates 30% General Facility Charges 10% CIP Fund $ 18,833,110 Other Grants $ 22,063,953 1% General Facility Charges $ 14,195,675 Impact Fees Impact Fees $ 28,653,641 20% Other $ 1,665,000 Rates $ 42,885,975 SEPA Mitigation $ 510,280 TBD $ 3,720,000 Voted Utility Tax $ 9,993,250 Total $ 142,520,884
What makes up “CIP” Revenues? • Interest Earnings • ½ % Real Estate Excise Tax (REET) • 1% Non Voted Utility Tax • Beginning in 2015 includes 6% utility tax on Cable TV
What is underfunded ? • Park Maintenance • Street Maintenance • Sidewalks/ Bike Lanes • Fire Equipment Reserves • Building Maintenance • Percival Landing maintenance
What is not included? Urban Forestry program New library Grass Lake, Madison Scenic Park, Community gardens Basic funding amounts for sidewalks and bike lanes (amounts prior to the recession) Phases 2 and 3 for Percival Landing
Actual ballot language This ballot measure would allow the City of Olympia to protect wildlife habitat, natural areas, and open space; acquire, develop and maintain waterfront, neighborhood, community and special use parks and playground; and construct and improve hiking, biking and walking trails and recreation related sidewalks by increasing the tax on telephone, electrical and natural gas business by three percent, all subject to review and recommendation by City Council ‐ appointed citizen advisory committees.
A Retrospective… Continuing the ½% commitment of the non ‐ voted utility tax for park purposes Revenue averaged $463,500 and appropriation averaged $603,037/year Continuing the ½ % commitment of the non ‐ voted utility tax for the primary purpose of funding maintenance of new parks, and open space facilities Responded to emerging opportunities to acquire the Isthmus properties Leveraged over $4.5 million in grants for Percival landing redevelopment Issued over $10 million in debt for Parks Completing a Community Park Feasibility study Collecting $ 700,000/year in park impact fees
2% VUT Uses in 2015 Estimated Revenue $1,974,220 Debt Service ( 1,439,400) CFP ( 25,000) Operations (714,730 ) Total $2,179,130 Use of Fund Balance (204,910) Remaining Balance after usage 24,090
CIP Funding 2007 2015 REET $ 2,117,409 $ 1,000,000 Utility Tax 1,029,480 1,126,000 Interest 600,000 4,000 General Fund 126,350 ‐ 0 ‐ Lodging Tax 50,000 ‐ 0 ‐ Fund Balance 3,316,580 ‐ 0 ‐ Total $ 7,239,819 $ 2,130,000 General Government $18,284,980 $8,285,903 Categories
Utility Tax Expenditures
Utility Tax Acquisitions 2004 ‐ 2014 ORANGE: Utility Tax Funded Land Acquisition
Acquisitions & Development 2004 ‐ 2014 ORANGE: Utility Tax Funded Land Acquisition GREEN: Utility Tax Funded Development
Acquisitions, Development & Maintenance 2004 ‐ 2014 ORANGE: Utility Tax Funded Land Acquisition GREEN: Utility Tax Funded Development YELLOW: Utility Tax Funded Major Maintenance
All Major Projects All Funding Sources 2004 ‐ 2014 ORANGE: Utility Tax Funded Land Acquisition GREEN: Utility Tax Funded Development YELLOW: Utility Tax Funded Major Maintenance PURPLE: Non ‐ Utility Tax Funded Projects
Percival Landing (Before Reconstruction)
Percival Landing (After Reconstruction)
West Bay Park Acquisition & Phase 1 Development.
Ward Lake Park Acquisit ion
Grass Lake Expansion
Neighborhood Park Acquisitions Evergreen Park Kettleview Park 8 th Av e . Park
All Major Projects All Funding Sources 2004 ‐ 2014 ORANGE: Utility Tax Funded Land Acquisition GREEN: Utility Tax Funded Development YELLOW: Utility Tax Funded Major Maintenance PURPLE: Non ‐ Utility Tax Funded Projects
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