Form revised May 26, 2009

FISCAL NOTE FOR NON-CAPITAL PROJECTS

Department:	Contact Person/Phone:	DOF Analyst/Phone:
Legislative	Meg Moorehead  4-8929

Legislation Title:

A RESOLUTION concerning Capital Projects; adopting updated capital and asset preservation policies for the City of Seattle, setting a time frame for submittal of a Strategic Capital Agenda, establishing new hearing procedures for certain Capital Projects with private partners to replace those procedures adopted in Resolution 30096 pursuant to the 1999 settlement agreement in CLEAN, et al., v. City of Seattle, and superseding Resolutions 30365, 30072, and 30096.

· Summary of the Legislation:

The resolution updates policies for non-utility capital projects, including policies requiring City risk assessment and financial evaluation to be conducted when the City undertakes a capital project with a private entity. The resolution also replaces Resolution 30096 public hearing requirements (also called “CLEAN” hearings) with updated hearing procedures for large projects with private partners. The resolution also requests that a Strategic Capital Agenda (as described in the updated capital policies) be submitted to the Council in 2011.

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

Policies guiding non-utility capital projects, long-term capital planning, City projects with private partners, and hearing procedures for large projects were established in several resolutions adopted several years ago. Some of those capital policies are outdated or cumbersome. Others were recommended to be changed in a 2008 City Auditor’s report regarding the procedures followed when the City undertakes a capital project with a private entity. This resolution updates and consolidates capital policies from several previous resolutions. It responds to Auditor recommendations by updating polices for City projects undertaken with a private entity or other government. It also refocuses public hearings for large projects on City projects (including utility projects) with private partners. Finally, the resolution requests that a tool for long-term planning described in the updated capital policies, the Strategic Capital Agenda, be submitted to the Council in 2011.

· Please check one of the following:

_X___ This legislation does not have any financial implications.  (Stop here and delete the remainder of this document prior to saving and printing.)

This legislation updates capital policies that have been in place for several years and is not anticipated to have additional financial implications.