2015 2020 Preliminary Capital Facilities Plan Partnerships JBLM - - PowerPoint PPT Presentation

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

Parks 7% Transportation 47% General Capital Facilities 6% Drinking Water 26% Wastewater 6% Stormwater 8%

Parks $ 10,438,750 Transportation $ 66,196,434 General Capital Facilities $ 8,200,000 Drinking Water $ 37,137,400 Wastewater $ 9,052,200 Stormwater $ 11,496,100 Total $ 142,520,884

Funding Sources

CIP Fund 13% Grants 15% General Facility Charges 10% Impact Fees 20% Other 1% Rates 30% SEPA Mitigation 0.4% TBD 3% Voted Utility Tax 7%

CIP Fund $ 18,833,110 Grants $ 22,063,953 General Facility Charges $ 14,195,675 Impact Fees $ 28,653,641 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
• n 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 Categories

$18,284,980 $8,285,903

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 Acquisition

Grass Lake Expansion

Neighborhood Park Acquisitions

Evergreen Park 8th Ave. Park Kettleview 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