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HomeMy WebLinkAboutAgenda Packet 09/13/2005pORTANGELES W A S H I N G T O N, U, S. A. AGENDA CITY COUNCIL MEETING 321 EAST FIFTH STREET September 13, 2005 SPECIAL MEETING - 6:00 p.m. A. CALL TO ORDER - Special Meeting (6:00 p.m.) ROLL CALL - PLEDGE OF ALLEGIANCE - PUBLIC CEREMONIES, PRESENTATIONS AND PROCLAMATIONS B. FINANCE 1. Gateway C. EXECUTIVE SESSION 1. RCW 42.30.110(1)(g) - Personnel D. ADJOURNMENT I None. 1. Motion to Approve Exhibits to Gateway Interlocal Agreement I:kMyFileskBackup\OFFICE\WPWINkMYFILES~agendaskSpec mtg Sept 13 '05.wpd PUBLIC HEARINGS Public hearings are set by the City Council in order to meet legal requirements peF~ining to matters such as, land use permit applications, proposed amendments to City land use regulations, zoning changes, annexations. In addition, the Ci~ Council may set a public hearing in order to receive public input prior to making decisions which impact the citizens. Certsin matters may be controversial, and the City Council may choose to seek public opinion ~hrough the public hearing process. NOTE: HEARING DEVICES AVAILABLE FOR THOSE NEEDING ASSISTANCE MAYOR TO DETERMINE TIME OF BREAK September 13, 2005 Port Angeles City Council Meeting Page - 1 pORTANGELES WASHINGTON, U. S. A. CITY COUNCIL SPECIAL MEETING September 13. 2005 CALL TO ORDER - SPECIAL MEETING: ROLL CALL: Members Present: Mayor Headrick Councilmember Braun Councilmember Erickson Councilmember Munro Councilmember Pittis Councilmember Rogers Councilmember Williams Staff Present: Manager Quinn Attorney Bloor Clerk Upton G. Cutler M. Madsen D. McKeen T. Riepe Y. Ziomkowski Other Staff Present: III. PLEDGE OF ALLEGIANCE: Led by: (~t~?_ 1 t~_ ~_~_rv~L~t~ ~, j pORTA_NGELES WASHINGTON, U, S, A. CITY COUNCIL SPECIAL MEETING Attendance Roster DATE OF MEETING: September 13, 2005 LOCATION: City Council Chambers WASHINGTON, U.S.A. CITY COUNCIL MEMO DATE: TO: FROM: SUBJECT: September 12, 2005 CITY COUNCIL Michael Quinn, City Manager Gateway Financials Summary: The Interlocal Agreement with Clallam Transit requires both agencies to adopt Exhibits B & C. Exhibit B is the Project Capital Budget, and Exhibit C is the Project Finance Plan. The contract allows the City Project Manager to approve these exhibits; however, in light of the prior request for a financial update to the Council and the timing of this special meeting, it is bein brought to your attention for endorsement. Recommendation: Motion to approve the attached Exhibits B - Project Capital Budget, an Exhibit C - Project Finance Plan for the Gateway Project. Background/Analysis: On 8/23/05 the City Council held a special meeting of which the Gateway Proj eot Interlocal Agreement with Clallam Transit was adopted. Section 4.4.1 requires that a Project Capital Budget be prepared by Clallam Transit within 15 days of the contract acceptance which will be labeled as Exhibit B and approved by the City Project Manager. Section 4.5.1 has a similar requirement within 60 days for the Project Finance Plan to be labeled as Exhibit C. The attached exhibits have been approved by the Clallam Transit Board at a special meeting on Monday, September 12th at 1:00pm. Terry Weed and Craig Miller met with Bill Bloor and myself before-hand to review these figures. As additional information regarding Exhibit C, please note that Transit has identified the actual dollars versus the initial appropriation, thus, there is a small difference between my prior projections where I used $1M rather than $992,500. A second point of information is that we have identified under note 1 the other potential resources without being specific on the amounts. I feel very confident that we can utilize any or all of those resources for supporting any remaining need from a few thousand dollars to several hundred thousand dollars. With regard to Exhibit B, we are in agreement as to the actual cost projections based upon the Spring'05 estimates by Krei Architecture. The other listed items increase the expenses to coincide with the project total projection in the $10.5 - $11M cost figure. Our staff recommendation is to endorse these exhibits via motion. The urgency to accomplish these exhibit preparations is to be able to present them to the Judge at the September 19th Court date as a completed document, ready for proceeding forward, between our two agencies. G: 4VIASTFO RM\CO UNCIL.WPT [~ast Revised: 6/29/99 GATEWAY PROJECT CAPITAL BUDGET DESIGN AND PROPERTY ACQUISITION* *based on 2001 appraisals $3,007,192 CONSTRUCTION (includes garage and chamber/CTS building) $6,426,934 TOTAL: $9,434,126 EXCLUDED ITEMS (from bid documents) Sales tax, permits/fees, landscaping, legal costs, and off-site traffic and signage improvements Exhibit B GATEWAY PROJECT FINANCE PLAN 3. 4. 5. Note 1: Grants and Earmarks by Federal Transit AdrnLnistration to CTS: FY 1997 FY 1998 FY 1999 FY 2003 FY 2005 FY 2006 TOTAL: Grant by Transit Improvement Board to City: Capital Facility Plan Contribution by City: Capitalized Rent t¥om Lease to Chmnber of Commerce: Reinvestmem of Proceeds of Sale of Property to prqjeet by city: TOTAL: TOTAL OF ALL AMOUNTS: $ 992,500.00 997,186.00 992,500.00 1,475,518.00 971,779.00 1,600,000.00 $7,029,483.00 $ !,500,000.00 $ 100,000.00 $ 400,000,00 $1.515.000.00' $ 3,515,000.00 la the event of shortfall or gap, City will use either parking revenue, parking tax, lodging tax, or general fund revenues to pay for such shortfall or gap. Property Acquisition Cost Based on 2001 Appraisal. EXHIBIT C