Form revised May 5, 2009

FISCAL NOTE FOR NON-CAPITAL PROJECTS

Department:	Contact Person/Phone:	DOF Analyst/Phone:
Parks and Recreation	Rebecca Salinas/ 684-7249	Jennifer Devore/ 615-1328

Legislation Title:

AN ORDINANCE authorizing the Superintendent of the Department of Parks and Recreation to enter into a Ground Lease with The Center for Wooden Boats to develop, operate and maintain an Education Center in Lake Union Park.

· Summary of the Legislation:

The legislation authorizes the Superintendent of Parks and Recreation (DPR) to enter into a ground lease with The Center for Wooden Boats (CWB) that will enable CWB to construct and operate an Education Center at Lake Union Park.  The lease requires CWB to provide public benefits and pay annual rent in exchange for locating the facility at the park.

· Background:

The Center for Wooden Boats operates a small craft heritage center at the south end of Lake Union within Lake Union Park.  CWB provides the public with opportunities to learn about and use small wooden boats and teaches about the rich Northwest small craft maritime heritage.  In order to expand their teaching potential, CWB is proposing to build an Education Center.  The Center will include classrooms and public meeting space and will enhance CWB’s ability to provide educational recreational uses.

The proposed ground lease requires CWB provide public benefits, including the construction of two public restrooms. They will also be required to provide free and reduced cost classes for the public and to make the public meeting space available for free City use three times each year.  In addition, CWB staff will assist the City with the management of chairs that are to be placed in Lake Union Park each morning and moved to storage at night.  A $50,000 annual rent will be charged to CWB, with a limited public benefit offset provided.

____ This legislation does not have any financial implications.

___X_ This legislation has financial implications.

Appropriations:  N/A

Fund Name and Number	Department	Budget Control Level*	2009 Appropriation	2010 Anticipated Appropriation
TOTAL	N/A	N/A	N/A	N/A

Notes: 

Anticipated Revenue/Reimbursement: Resulting From This Legislation: TBD

Fund Name and Number	Department	Revenue Source	2009 Revenue	2010 Revenue
TOTAL	TBD	TBD	TBD	TBD

Notes:  No revenue is expected for 2009 or 2010.  Rent payments will begin after the Education Center is built and occupied by CWB in 2011.  The base rent is $50,000 per year, with a capital improvement offset permitted.

Total Regular Positions Created, Modified, Or Abrogated Through This Legislation, Including FTE Impact:  N/A

Position Title and Department	Position # for Existing Positions	Fund Name & #	PT/FT	2009 Positions	2009 FTE	2010 Positions*	2010 FTE*
TOTAL	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Notes:

· Do positions sunset in the future?  N/A

Spending/Cash Flow: N/A

Fund Name & #	Department	Budget Control Level*	2009 Expenditures	2010 Anticipated Expenditures
TOTAL	N/A	N/A	N/A	N/A

Notes:

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

If the City does not enter into the ground lease with CWB, the annual rent revenue will be lost and the public would lose the increased education opportunities that will be provided at the new education center.

· Does this legislation affect any departments besides the originating department?  No

· What are the possible alternatives to the legislation that could achieve the same or similar objectives?  CWB could construct the Education Center at a different, non-park location.  However, it would not be located with the existing CWB facility, resulting in lost opportunities and increased operational difficulties.

· Is the legislation subject to public hearing requirements:  No

· Other Issues: None

Please list attachments to the fiscal note below:  None