Form revised January 17, 2003

Fiscal Note

Department:	Contact Person/Phone:	DOF Analyst/Phone:
DOF	Aaron Bert, 4-5176	Aaron Bert, 4-5176

Legislation Title:

A ORDINANCE relating to monorail transportation; repealing City of Seattle Initiative 41 and City of Seattle Initiative 53.

Summary of the Legislation:

The ordinance repeals City of Seattle Initiative 41 and City of Seattle Initiative 53. On November 5, 2002, pursuant to Petition/Proposition No. 1, the voters of the City of Seattle created a city transportation authority (the Seattle Popular Monorail Authority, or “Seattle Monorail Project”) to provide a monorail transportation system as set forth in the Seattle popular monorail plan adopted by the ETC on August 5, 2002 (the “ETC Plan”). Because the purposes of the ETC have been fulfilled, and to avoid unnecessary duplication of the efforts of the Seattle Monorail Project, the ETC has asked that Initiatives 41 & 53 be repealed to facilitate the creation of the Seattle Monorail Project. This legislation does not have any financial implications.

Appropriations (in $1,000’s):

Fund Name and Number	Department	Budget Control Level*	2003 Appropriation	2004 Anticipated Appropriation
N/A	N/A	N/A	N/A	N/A
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*	2003 Expenditures	2004 Anticipated Expenditures
N/A	N/A	N/A	N/A	N/A
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	2003 Reimbursement	2004 Revenue
TOTAL

Notes: The City has received a refund of $150,000 as the unspent portion of $6 million which the City provided the ETC as stipulated in Ordinance 120245.

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

Fund Name and Number	Department	Position Title*	2003 FTE	2004 FTE
N/A	N/A	N/A	N/A	N/A
TOTAL

* List each position separately

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

N/A

Background:

In 1997 voters in The City of Seattle (the “City”) approved Initiative 41, establishing the Elevated Transportation Company (“ETC”) to study and make recommendations for the construction of a significantly expanded monorail mass transit system in the City. In 2000 Seattle voters approved Initiative 53, which provided City funding for the ETC and its planning process, with the goal of having the ETC prepare a proposal to be submitted to the voters, to build an expanded monorail transportation system. On November 5, 2002, pursuant to Petition/Proposition No. 1, the voters of the City of Seattle created a city transportation authority (the Seattle Popular Monorail Authority, or “Seattle Monorail Project”) to provide a monorail transportation system as set forth in the Seattle popular monorail plan adopted by the ETC on August 5, 2002 (the “ETC Plan”). The Seattle Monorail Project was created to implement the ETC Plan; its creation fulfills the purposes of the ETC and addresses the goals of Initiative 41 and Initiative 53.

The financial cost of not implementing the legislation

N/A

Possible alternatives to the legislation which could achieve the same or similar objectives

N/A

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

No hearing is required before this ordinance may be passed, but SMC 3.110.460 calls for the City Council to have a public hearing before adopting a resolution to terminate the ETC.

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

N/A