Form revised April 10, 2006

FISCAL NOTE FOR NON-CAPITAL PROJECTS

Department:	Contact Person/Phone:	DOF Analyst/Phone:
Legislative	Ben Noble 4-8160	Dave Hennes/ 4-0537

Legislation Title:

A RESOLUTION relating to the Bridging the Gap transportation funding package, stating the Mayor and City Council's intent regarding future implementation of this package, including support for “Complete Streets”, and superseding Resolution 30902.

· Summary of the Legislation:

This Resolution:

1) Repeals Resolution 30902, which was the original ‘companion’ resolution to the Bridging the Gap Levy proposal.

2) States the City’s intent to replace property tax, business transportation tax and/or commercial parking tax revenues with other new revenues sources with a better linkage to use of Seattle’s transportation infrastructure that may become available in the future.

3) Expresses the City’s support for “Complete Street” principles (which are summarized in attachment 1 to the resolution) and lays out steps to implement them.

4) Includes (as attachment 2) a suggested 20-year spending plan, broken down into Phase I (first nine years) and Phase II (subsequent 11 years) showing sources and project specific uses of funds.  It also includes “Bridging the Gap” funding priorities.

5) Clarifies that the City has not made a decision to own King Street Station or to take a lead role in improving or operating it.

6) Requests a 9-year staffing plan from SDOT by June 30, 2007.

· Background: (Include brief description of the purpose and context of legislation and include record of previous legislation and funding history, if applicable):

This Resolution is included in the Bridging the Gap legislative package to provide additional detail on how the City plans to implement this local transportation funding package.  It replaces the original resolution, because a proposal has been made to modify the Bridging the Gap levy to create a phased approach.  Phase I would be a 9-year levy.

· Please check one of the following:

__X_ This legislation does not have any financial implications. (Please complete all relevant sections that follow.)

Details regarding the specific funding to be provided by the 9-year Bridging the Gap proposal are provided in the fiscal note associated with the authorizing ordinance.  The reporting requirements called for in this resolution can be addressed with existing resources.  The other commitments made here are not legally binding and not impose any direct costs.