Form revised February 24, 2010

FISCAL NOTE FOR CAPITAL PROJECTS ONLY

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

Legislation Title:

AN ORDINANCE relating to Conservation Futures Levy proceeds; authorizing the Mayor to amend the Interlocal Cooperation Agreement between the City of Seattle and King County as authorized by City of Seattle Ordinance 114978; and authorizing the deposit of 2010 allocations from King County Conservation Futures Levy proceeds into the City of Seattle’s 2000 Parks Levy Fund, Cumulative Reserve Fund and 2009 Multi-purpose LTGO Fund.

Summary and Background of the Legislation:

This legislation authorizes the Mayor to amend the existing Conservation Futures Levy (CFL) Interlocal Cooperation Agreement between the City of Seattle and King County to add three projects to the list of King County-approved acquisition projects and to provide reimbursements totaling $2,600,000 allocated by King County to the City in 2010 from proceeds of the CFL.  The projects include: the Urban Village Park (Crown Hill Park), Northgate Park (Hubbard Homestead Park), and Webster Park acquisition.  The new amendment is Amendment Y.

The CFL is a county-wide property tax collected by King County for the acquisition of open space, agricultural, or timber lands.  From 1990 to 1997, King County allocated the CFL proceeds among incorporated and unincorporated areas, based on project applications by local governments, citizen groups, and individual citizens.  In 2001, the County re-established the application process for allocating the CFL proceeds.  Among the requirements is the provision of at least a fifty percent matching contribution by the applicant.

The 2000 Neighborhood Parks, Green Spaces, Trails, and Zoo Levy (2000 Parks Levy) is the primary source of matching funds for the projects included in the City’s 2009 application (2010 allocation) for CFL proceeds.  City of Seattle Ordinance 120024, which authorized the special election that approved the 2000 Parks Levy, anticipated that the costs of the 2000 Parks Levy projects might exceed the proceeds.  Consequently, the ordinance declared the City’s intent “to leverage funds through collaboration with County, State, and federal sources and with private and non-profit organizations, including the Seattle Parks Foundation, through the development of partnerships for purposes of enhancing the projects and programs funded through the levy lid lift.”

The CFL reimbursements will be deposited in the 2000 Parks Levy Fund (Fund 33850), Cumulative Reserve Fund (Fund 00164) and the 2009 Multi-purpose LTGO Fund (35300).  Of the $2,600,000 CFL proceeds, $1,500,000 will reimburse the 2000 Parks Levy Fund, $800,000 will reimburse the Cumulative Reserve Account, and $300,000 will reimburse the 2009 Multi-purpose LTGO Fund, all for expenditures already made on the basis of previous appropriation authority.

The previous appropriation authority referred to above is as follows:  Ordinance 122890 for Urban Village - Crown Hill ($1,500,000), Ordinance 122121 for Northgate Park (Hubbard Homestead Park) ($300,000), and Ordinance 122889 for Webster Park ($800,000).

Project Name:	Project I.D.	Project Location:	Start Date:	End Date
Urban Village Park – Crown Hill	K733272	9089 Holman Road NW	January 2006	March 2009 (acquired)
Northgate Park (Hubbard Homestead Park)	K732287	11203 – 5th Avenue NE	January  2006	April 2009 (acquired)
Webster Park	K732373	3017 NW 67th Street	January 2008	March 2009 (acquired)

· 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 2009 Appropriation (if any)	2010 Anticipated Appropriation
N/A	N/A	N/A	N/A	N/A
TOTAL

Notes:  This legislation does not appropriate any funds.  Appropriations for the Urban Village Park - Crown Hill ($1,500,000), Northgate Park (Hubbard Homestead Park) ($300,000), and Webster Park ($800,000) were provided in prior legislative actions via Ordinances 122890, 122121, and 122889, respectively.

Spending Plan for Capital Projects (in thousands)

Spending Plan and Budget	Prior to 2010	2010	2011	2012	2013	2014	Total
Spending Plan
Urban Village Park – Crown Hill	5,474
Northgate Park (Hubbard Homestead Park)	9,366
Webster Park	1,600
Current Year Appropriation
Future Appropriations

Notes:

Funding source:

Funding Source (Fund Name and Number, if applicable)	2009	2010	2011	2012	2013	2014	Total
TOTAL

Notes: Funding appropriated via previous legislation.

Bond Financing Required:  N/A

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

Uses and Sources for Operation and Maintenance Costs for the Project: N/A

O&M	2009	2010	2011	2012	2013	2014	Total
Uses
Start Up
On-going
Sources (itemize)
Totals	NA	NA	NA	NA	NA	NA	NA

Notes:

O&M notes per project:

Urban Village Park – Crown Hill:  This site was purchased in 2009 from the Seattle School District.  Funding for park development is included in the 2008 Parks and Green Spaces Levy.  The O&M for the maintenance of the property has already been identified in previous legislation authorizing the acquisition.

Webster Park:  This site was purchased from the Seattle School District (SSD) in 2009.  Webster Park was already developed when it was acquired from SSD (DPR had a 25-year lease).  Funding for operation and maintenance of the park is included in the Parks budget.

Northgate Park (Hubbard Homestead Park):  This property was purchased in 2009.  Funding for park development is included in the 2008 Parks and Green Spaces Levy.  The O&M for the maintenance of the property has already been identified in previous legislation authorizing the acquisition.

Periodic Major Maintenance costs for the project:  N/A

Major Maintenance Item	Frequency	Cost	Likely Funding Source
TOTAL	NA	NA	NA

Funding sources for replacement of project:  N/A

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

· What is the financial cost of not implementing the legislation?  The City would forgo $2,600,000 in payments and reimbursements from King County CFL proceeds associated with Amendment Y.

· 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?  No alternatives have been identified, other than forgoing the reimbursements.  While other revenue sources for reimbursement (such as grants) might be pursued, these are generally unavailable retroactively and competitive criteria for most grant programs tend not to favor these types of acquisitions.

· Is the legislation subject to public hearing requirements?  No

· Other Issues  None

Please list attachments to the fiscal note below:  None