Form revised: December 6, 2011

FISCAL NOTE FOR CAPITAL PROJECTS

Department:	Contact Person/Phone:	CBO Analyst/Phone:
Seattle Department of Transportation	Kevin O’Neill 386-4556 Ethan Melone 684-8066	Steve Barham 733-9084

Legislation Title: AN ORDINANCE relating to the Transit Corridor Projects project; removing restrictions in the 2012 Adopted Budget that limit the Seattle Department of Transportation’s spending in the Mobility-Capital BCL; and revising project allocations in the 2012-2017 Capital Improvement Program.

Project Name:	Project I.D.:	Project Location:	Start Date:	End Date:
Transit Corridor Projects	TC366860	Citywide	ONGOING	ONGOING

Summary of the Legislation:

This legislation lifts the proviso (GS 102-1-A-2) put in place via the 2012 Adopted Budget. The proviso reserved $800,000 in the Mobility-Capital BCL for streetcar planning and construction with a restriction on the spending of those dollars.

The legislation releases the $800,000 reserve in the Mobility-Capital BCL and allocates it in the Transit Corridor Projects. The funding release will allow SDOT to partner with Sound Transit for the planning of the Ballard to Downtown high capacity transit corridor as identified in Sound Transit’s long range plan and Seattle’s recently adopted Transit Master Plan.

Background:  

During the 2012 budget process, the City Council reduced the Transit Corridor Projects project and imposed a budget proviso restricting $800,000 as a reserve for streetcar planning and construction with the expectation that funds would not be released until the Council is satisfied that the First Hill Streetcar project is funded, funding is secured for the planning and design of the Broadway Streetcar Extension project, and there is a feasible funding plan for the construction of  the Broadway Streetcar Extension project. The Council has been briefed on the First Hill Streetcar spending plan, including contingencies, and is satisfied that the First Hill Streetcar can be completed as planned without additional funding from the City. In addition, SDOT has identified funding for the planning and design of the Broadway Streetcar Extension and provided to Council a feasible plan for construction of the extension.

Please check one of the following:

_ __ This legislation does not have any financial implications.

_ X __ This legislation has financial implications.

This legislation does not change SDOT’s appropriation authority.  It lifts an existing proviso on funding that currently exists within SDOT’s appropriations from the 2012 Adopted Budget.