Form revised December 9, 2004

FISCAL NOTE FOR CAPITAL PROJECTS ONLY

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; authorizing the acceptance of deeds to two properties in Skagit County, Washington, and authorizing the grant of a Conservation Easement on one of said properties to Skagit Land Trust, all for salmonid habitat protection purposes.

Summary and background of the Legislation:

This legislation authorizes the Superintendent to accept deeds to two properties in Skagit County, Washington, and authorizes the grant of a Conservation Easement on one of said properties to Skagit Land Trust, all for salmonid habitat protection purposes.  Properties subject to this legislation were purchased as part of ESA Early Actions under the authority of Ordinance 121114.  This legislation places the acquired properties under the jurisdiction of the City Light Department.  Additionally, the Ordinance allows the granting of a conservation easement to the nonprofit Skagit Land Trust in fulfillment of the requirement of Skagit County Resolution R20030317 to enable the purchase of one of the aforementioned properties.

Project Name:	Project I.D.	Project Location:	Start Date:	End Date
Endangered Species Mitigation	6990	Skagit County	2000	2010

· Please check any of the following that apply:

____ This legislation creates, funds, or anticipates a new CIP Project. (Please note whether the current CIP is being amended through this ordinance, or provide the Ordinance or Council Bill number of the separate legislation that has amended/is amending the CIP.)

____ 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 all relevant sections that follow.)  This Ordinance accepts deeds to properties purchased in August 2004 and April 2005 pursuant to Ordinance 121114. The financial implications of adopting this legislation are explained in the other issues section of this fiscal note.

Appropriations:  This table should reflect appropriations that are a direct result of this legislation.  In the event that the projects associated with this ordinance have appropriations that were, or will be, received because of previous or future legislation or budget actions, please provide details in the Notes section below.  Finally, if this legislation does not directly change an appropriation, but results in budget authority being moved within a Budget Control Level, or to a Budget Control Level (up to 10%), please explain in the Notes section below.

Fund Name and Number	Department	Budget Control Level*	2005 Appropriation	2006 Anticipated Appropriation
TOTAL

*See budget book to obtain the appropriate Budget Control Level for your department.

Notes:

Spending Plan and Future Appropriations for Capital Projects:  Please list the timing of anticipated appropriation authority requests and expected spending plan.  In addition, please identify your cost estimate methodology including inflation assumptions, the projected costs of meeting applicable LEED standards, and the percent for art and design as appropriate.

Spending Plan and Budget	2005	2006	2007	2008	2009	2010	Total
Spending Plan
Current Year Appropriation
Future Appropriations

Notes:

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

Funding Source (Fund Name and Number, if applicable)	2005	2006	2007	2008	2009	2010	Total
TOTAL

Notes:

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: 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	2005	2006	2007	2008	2009	2010	Total
Uses
Start Up
On-going
Sources (itemize)

Notes:  This legislation is for land acquisition only.

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

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:  This table should only reflect the actual number of positions created by this legislation  In the event that positions have been, or will be, created as a result of previous or future legislation or budget actions, please provide details in the Notes section below the table.

Position Title and Department*		Fund Name	Fund Number	Part-Time/ Full Time	2005 Positions	2005 FTE	2006 Positions**	2006 FTE**
	TOTAL

*   List each position separately

** 2006 positions and FTE are total 2006 position changes resulting from this legislation, not incremental changes. Therefore, under 2006, please be sure to include any continuing positions from 2005. 

Notes:  No positions will be created.

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

Not applicable.

· What is 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):

The lands have already been acquired pursuant to Ordinance 121114.

· What are the possible alternatives to the legislation that 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, and/or what plans are in place to hold a public hearing(s) in the future?)

Not applicable.

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

City Light will have to pay annual surface water fees, fire patrol assessments, and incur expenses related to management of these properties, estimated to be $5,435 in 2006.

Please list attachments to the fiscal note below: