Fiscal Note

Each piece of legislation that appropriates funds, creates position authority, or will create a financial impact through policy direction or otherwise, requires a fiscal note. The fiscal note should be drafted by department staff and should include all relevant financial information. After preparation by departmental staff, the Department of Finance will review and make necessary revisions before transmittal to Council.

Department:	Contact Person/Phone:	DOF Analyst/Phone:
Seattle City Light	Denise Krownbell/5-1127	Thomas Dunlap/6-9120

Legislation Title:

AN ORDINANCE relating to the City Light Department and Seattle Public Utilities, authorizing

the Superintendent of City Light and the Director of Seattle Public Utilities to acquire properties

of land in the Skagit and the Tolt/Snoqualmie watersheds, to be set aside as salmonid habitat.

Summary of the Legislation:

Authorizes Seattle City Light and Seattle Public Utilities to acquire parcels in the Skagit and Tolt/Snoqualmie watersheds for salmonid habitat in response to the listing of Puget Sound Chinook salmon and Puget Sound bull trout as threatened species. Said lands are placed under the jurisdiction of City Light or Seattle Public Utilities based upon which fund is used for purchase.

Given that this legislative act does not appropriate funds, create position authority, nor establish policies with financial impacts, a fiscal note is not required.

Appropriations (in $1,000’s):

Fund Name and Number	Department	Budget Control Level*	2002 Appropriation	2003 Anticipated Appropriation
TOTAL

* This is line of business for operating budgets, and program or project for capital improvements

Notes:

Expenditures (in $1,000’s):

Fund Name and Number	Department	Budget Control Level*	2002 Expenditures	2003 Anticipated Expenditures
TOTAL

* This is line of business for operating budgets, and program or project for capital improvements

Notes:

Anticipated Revenue/Reimbursement (in $1,000’s):

Fund Name and Number	Department	Revenue Source	2002 Revenue	2003 Revenue
TOTAL

Notes:

Total Permanent Positions Created Or Abrogated Through Legislation, Including FTE Impact; Estimated FTE Impact for Temporary Positions:

Fund Name and Number	Department	Position Title*	2002 FTE	2003 FTE
TOTAL

* List each position separately

Do positions sunset in the future? (If yes, identify sunset date):

N/A

Background (Include brief description which states the purpose and context of legislation and include record of previous legislation and funding history, if applicable):

This legislation authorizes Seattle City Light and Seattle Public Utilities to acquire parcels in the Skagit and the Tolt/Snoqualmie watersheds for salmonid habitat. The City committed to habitat acquisition in Ordinance 120618 as one of the elements of the City’s early response to the listing of Puget Sound Chinook salmon as a threatened under the Endangered Species Act. The City designated $900,000 dollars toward habitat acquisition and City Light obtained a matching grant from the National Fish and Wildlife Foundation (NFWF) for $900,000. As the City Early Action monies have been spent on habitat acquisitions the NFWF grant money of $900,000 is the amount remaining to be spent on additional habitat acquisitions. The legislation also places the lands under the jurisdiction of the City Light Department.

The financial cost of not implementing the legislation (Estimate the costs to the City of not implementing the legislation, including estimated costs to maintain or expand an existing facility or the cost avoidance due to replacement of an existing facility, potential conflicts with regulatory requirements, or other potential costs if the legislation is not implemented):

N/A

Possible alternatives to the legislation which could achieve the same or similar objectives (Include any potential alternatives to the proposed legislation, including using an existing facility to fulfill the uses envisioned by the proposed project, adding components to or subtracting components from the total proposed project, contracting with an outside organization to provide the services the proposed project would fill, or other alternatives):

No other alternative. City committed to habitat acquisition in Resolution 29905.

Is the legislation subject to public hearing requirements (If yes, what public hearings have been held to date):

N/A

Other Issues (including long-term implications of the legislation):

Seattle City Light and Seattle Public Utilities will have to pay surface water fees, fire patrol assessments, and have expenses related to management of these properties.

FOR CAPITAL PROJECTS ONLY

Background (Include brief description that states the purpose and context of legislation, the expected useful life, anticipated customers/users, assumed level of LEED or other sustainable design elements. Also include record of previous legislation and funding history, if applicable):

Project Name:

Project Location:

Start Date:

End Date:

Spending Plan and Future Appropriations for Capital Projects (Estimate cost of legislation over time; list timing of anticipated appropriation authority requests and expected spending plan. Please identify your cost estimate methodology including inflation assumptions and key assumptions related to the timing of appropriation requests and expected expenditures. In addition, include the projected costs of meeting the LEED Silver standard in all facilities and buildings with over 5,000 gross square feet of occupied space. Also, be sure to include percent for art and percent for design as appropriate):

Spending Plan and Budget	2002	2003	2004	2005	2006	2007	Total
Spending Plan
Current Year Appropriation
Future Appropriations

Key Assumptions:

Funding source (Identify funding sources including revenue generated from the project and the expected level of funding from each source):

Funding Source	2002	2003	2004	2005	2006	2007	Total
TOTAL

Bond Financing Required (If the project or program requires financing, please list type of financing, amount, interest rate, term and annual debt service or payment amount. Please include issuance costs of 3% in listed amount):

Type	Amount	Assumed Interest Rate	Term	Timing	Expected Annual Debt Service/Payment
TOTAL

Uses and Sources for Operation and Maintenance Costs for the Project (Estimate cost of one-time startup, operating and maintaining the project over a six year period and identify each fund source available. Estimate the annual savings of implementing the LEED Silver standard. Identify key assumptions such as staffing required, assumed utility usage and rates and other potential drivers of the facility’s cost):

O&M	2002	2003	2004	2005	2006	2007	Total
Uses
Start Up
On-going
Sources (itemize)

Key Assumptions:

Periodic Major Maintenance costs for the project (Estimate capital cost of performing periodic maintenance over life of facility. Please identify major work items, frequency):

Major Maintenance Item	Frequency	Cost	Likely Funding Source
TOTAL

Funding sources for replacement of project (Identify possible and/or recommended method of financing the project replacement costs):