Form revised April 23, 2003

FISCAL NOTE FOR CAPITAL PROJECTS ONLY

Department:	Contact Person/Phone:	DOF Analyst/Phone:
Seattle Public Utilities	Ron Perkerewicz (206) 615-0741	Cameron Keyes (206) 684-8048

Legislation Title:

AN ORDINANCE relating to Seattle Public Utilities; authorizing the acquisition of certain real property for drainage control and salmon enhancement located in the Thornton Creek area at the intersection of NE 98^th Street and 20^th Avenue NE, Seattle, King County, Washington; and authorizing acceptance of the deed for such property.

Summary of the Legislation:

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):

This ordinance authorizes fee simple acquisition of a key parcel along lower Thornton Creek. The property will be purchased with funds appropriated in the 2003-2008 Adopted Drainage and Wastewater Capital Improvement Program (CIP). The property is adjacent to and is a continuation of property that Seattle Public Utilities and Department of Parks purchased in 2002. These properties will be used for habitat restoration.

SPU has been doing extensive work to implement the Thornton Creek Basin Plan, by providing salmon habitat enhancement, drainage and erosion control and sewer line protection in the area of Thornton Creek. In addition, the Thornton Creek Basin Wide Flow Control Plan has determined that the greatest need for flood control in the watershed is in the area immediately surrounding the confluence of the north and south branches of Thornton Creek. This property acquisition serves to further these various goals.

Project Name:	Project Location:	Start Date:	End Date:
Gleason Property Acquisition	NE 98^th Street and 20^th Ave NE, Seattle	2003	2003

· Please check one of the following:

____ This legislation does not have any financial implications.. (Stop here and delete the remainder of this document prior to saving and printing.)

__X_ This legislation has financial implications. (Please complete the boxes below and all relevant sections that follow.)

Appropriations (in $1,000’s): See note below.

Fund Name and Number	Department	Budget Control Level*	2003 Appropriation	2004 Anticipated Appropriation
TOTAL

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

Notes: This ordinance does not make an appropriation. SPU will acquire the property using funds appropriated in the 2003-2008 Adopted Drainage and Wastewater Capital Improvement Program (CIP) for the Protection of Beneficial Uses Program (C333).

Anticipated Revenue/Reimbursement (in $1,000’s): None.

Fund Name and Number	Department	Revenue Source	2003 Revenue	2004 Revenue
TOTAL

Notes:

Spending Plan and Future Appropriations for Capital Projects (in $1,000’s):

Spending Plan and Budget	2003	2004	2005	2006	2007	2008	Total
Spending Plan	$80						$80
Current Year Appropriation	$80
Future Appropriations

Key Assumptions:

The Purchase and Sale Agreement identifies $80,000 as the purchase price for the property. The proposed ordinance specifies that this $80,000 cost, together with any costs associated with acquisition of the property, shall be paid from funds previously appropriated in the 2003 Adopted Budget for drainage and wastewater system projects.

Funding source (in $1,000’s): (Identify funding sources including revenue generated from the project and the expected level of funding from each source):

Funding Source	2003	2004	2005	2006	2007	2008	Total
Drainage and Wastewater Fund (44010)	$80						$80
TOTAL	$80						$80

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): Not applicable.

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

Uses and Sources for Operation and Maintenance Costs for the Project: See note below.

O&M	2003	2004	2005	2006	2007	2008	Total
Uses
Start Up
On-going
Sources (itemize)

Key Assumptions:

This property acquisition will require some additional maintenance activities by SPU, with minimal costs.

Periodic Major Maintenance costs for the project: None.

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):

Not applicable.

Total Regular Positions Created Or Abrogated Through This Legislation, Including FTE Impact: None.

Position Title*	Part-Time/ Full Time	2003 Positions	2003 FTE	2004 Positions**	2004 FTE**
TOTAL

· Fund Name and Number: _________________________________________

· Department: ___________________________________________________

* List each position separately

** 2004 positions and FTE are total 2004 position changes resulting from this legislation, not incremental changes from 2003.

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

Not applicable.

· What is the financial cost of not implementing the legislation:

The land may not be available in the future. This would eliminate opportunities to acquire both this property and also additional adjacent land, and maximize project benefits. The purchase price of this property may rise if the acquisition is delayed.

· What are the possible alternatives to the legislation that could achieve the same or similar objectives:

There are no alternatives to acquiring the property that would enable SPU to provide the desired level of salmon habitat enhancement, drainage control and erosion control at this location.

· Is the legislation subject to public hearing requirements:

No.

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

The acquisition will result in some additional maintenance activities for SPU, with minimal costs.