Form revised February 4, 2010

FISCAL NOTE FOR CAPITAL PROJECTS ONLY

Department:	Contact Person/Phone:	DOF Analyst/Phone:
Parks and Recreation	Donald Harris/684-8018	Jennifer Devore/615-1328

Legislation Title:

AN ORDINANCE relating to the Department of Parks and Recreation; authorizing the acquisition of real property located at the northeast corner of Federal Avenue East and East Republican Street, otherwise known as Parcels A and B of Seattle Lot Boundary Adjustment No. 3006437; authorizing acceptance of the deed for open space, park, and recreation purposes; and authorizing acquisition by condemnation.

Summary and background of the Legislation:

On November 4, 2008, Seattle voters approved a six-year property tax levy, the 2008 Parks and Green Spaces Levy (Levy), for the purpose of improving and expanding the City’s parks and green spaces.  This proposed legislation authorizes the Department of Parks and Recreation (DPR) to acquire real property located at the northeast corner of Federal Avenue East and East Republican Street by negotiation or condemnation.  The legislation allows for the acceptance and transfer of the deed to the subject property for open space, park, and recreation purposes.

The acquisition will help meet the City’s goal of providing parks within walking distance for residents in urban villages.  The purchase and development of this site will provide a new neighborhood park that meets the criteria to address open space needs established in Seattle’s Park and Recreation Comprehensive Plan and Seattle’s Parks and Recreation Plan 2000.

Some time ago staff presented an initial offer to the property owners, but they declined the offer.  A new appraisal has been completed reflecting improved market conditions and will be presented to the owners soon.  While we hope to reach a negotiated agreement, it may become necessary to acquire the property through condemnation, and this legislation provides this authority.

Project Name:	Project I.D.	Project Location:	Start Date:	End Date
Capitol Hill Urban Center Village Acquisition	K730055	NE corner of Federal Avenue East and East Republican Street	April 2009	June 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.)

Appropriations:

Fund Name and Number	Department	Budget Control Level*	Existing 2009 Appropriation	New 2010 Appropriation (if any)	2011 Anticipated Appropriation
TOTAL

Notes: Costs for this acquisition will be appropriated from the 2008 Parks Levy Fund (33860) via future legislation.

Spending Plan and Future Appropriations for Capital Projects:

Spending Plan and Budget	2010	2011	2012	2013	2014	2015	Total
Spending Plan
Current Year Appropriation
Future Appropriations

Notes:  Costs for this acquisition will be appropriated from the 2008 Parks Levy Fund (33860) via future legislation.

Funding source:

Funding Source (Fund Name and Number, if applicable)	2010	2011	2012	2013	2014	2015	Total
TOTAL

Notes:  Costs for this acquisition will be appropriated from the 2008 Parks Levy Fund (33860) via future legislation.

Bond Financing Required:  N/A

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

Uses and Sources for Operation and Maintenance Costs for the Project:

O&M	2010	2011	2012	2013	2014	2015	Total
Uses
Start Up
On-going	$3,093	$6,310	$6,436	$6,565	$6,696	$6,830	$35,930
Sources (itemize)
Parks & Recreation Fund (10200)	$3,093	$6,310	$6,436	$6,565	$6,696	$6,830	$35,930
Total	$3,093	$6,310	$6,436	$6,565	$6,696	$6,830	$35,930

Notes:  Maintenance of the undeveloped site assumes acquisition as early as June 2010 and includes general maintenance, installation, and repair of regulatory signs (no dumping) and graffiti removal, repair of small equipment, and legally required testing of water lines.  Site will be developed at a later time, and will need new operation and maintenance costs developed at that time.  The 2010 funding is included in the appropriations for the 2010 Adopted Budget.

Periodic Major Maintenance costs for the project: N/A

Major Maintenance Item	Frequency	Cost	Likely Funding Source
TOTAL	N/A	N/A	N/A

Funding sources for replacement of project:  As real property, this acquisition will not be subject to replacement.

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	2010 Positions	2010 FTE	2011 Positions**	2011 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

· What is the financial cost of not implementing the legislation?  If this property is not acquired, there will be a delay in achieving one of the goals of the Neighborhood Parks Acquisitions category of the 2008 Parks Levy Ordinance, which is acquiring property and expanding open space in the First Hill neighborhood.  This delay and further staff costs to meet this goal with another property would consume additional resources from the 2008 Parks Levy Fund.  Additionally, the target site would likely be redeveloped with 12-16 townhomes, thereby eliminating its possibility for development as a neighborhood park.

· 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?  The Department could try to find another opportunity like this in the same area, but to do so would require spending additional resources and would delay the goal for park acquisition and development in this underserved area as mentioned in the 2008 Parks Levy.  City Council approval is required for authorization to acquire and accept a deed for real property or to acquire by condemnation.

· Is the legislation subject to public hearing requirements?  No.  However, RCW 8.25.290 requires public notice of the Council Bill after its passage by the City Council Parks and Seattle Center Committee and before it is approved by the full Council.  DPR staff will coordinate the required public notice.

· Other Issues: None

· List attachments to the fiscal note below:

Attachment A:  Proposed Park Site at Federal and Republican (map)