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HomeMy WebLinkAboutCity Council Committees - Parks and Human Services - 02/21/1990 mariaWensen Citerk CITY OF RENT,- PARKS COMMITTEE MINUTES February 21, 1990 Councilmembers Present: Steve Dowell, Chair; Jim White, Christi Houser. Staff Present: Ed Chow, Jim Hansen, Barney Wilson, Tony McCarthy, Alana McIalwain, Helen Wickstrom, Jack Ball, Lori Hogan, Lea Britting, Cheryl Fraser, Robyn Bartelt, Nancy Woo, Rob Dreblow, Steven Szydel, Mary Anne Kelly, Karen Michel, Pam Rumer. Also Present: Lyle Price, Valley Daily News; Sue Gaylord and Todd Spaits, 9623 S. 248th, Kent; Anne Biteman, 24324 Military Road. American Bicycle Association Presentation Todd Spaits, member of the American Bicycle Association, requested that the City consider building a BMX bicycle racing facility. Spaits informed the Committee that there are presently two existing tracks-- one in Sumner and one in the SeaTac area. r After a video presentation, Spaits entertained questions and comments. White suggested that perhaps the bike track is something the City could do in conjunction with skateboarding. Dowell assured Spaits that the City will be in touch with him after staff check into liability, the cost of maintaining such a facility, whether it is necessary for a staff member to be present during events held at the facility, etc. Wilson told Spaits that he will put more information together for the Council. Russell Road Picnic Shelter Wickstrom explained that because the Kent Kiwanis Club will no longer be installing the Russell Road Picnic Shelter as a club project, the Department is recommending that the City contract with Golf Landscaping to install the shelter. Wickstrom reported that it was the Kiwanis Club who requested that the City have the shelter installed in time for softball/baseball season. The project will require $13,200, of which the monies will be taken from the $200,000 East Hill Neighborhood Park fund. Parks Committee Minutes February 21, 1990 Page Two Both Dowell and White suggested that staff contact other local service clubs before committing to the $13,200. White made a motion to approve the $13,200 and to submit the project to the full Council for approval, if there is no other service club available to install the shelter. Houser seconded the motion. The motion passed unanimously. senior Center Update Britting reported that a mechanical engineer examined the Senior Center kitchen floor at the request of the architects, and determined that he will need to do an extensive study to determine the source of the water leakage. White requested that staff obtain an estimate for the cost of the study and report back to the Committee. Britting commented that it is the staff's desire to have the architect pay for the study. Britting also reported that the five bathroom sinks have been replaced and are in good working condition. Concerning the traffic accident on February 8, Britting informed the Committee that there was damage to the landscaping and to the railing by the stage door. The estimate to re-landscape, which includes plants, trees, sod, labor and equipment, is approximately $1,990. Britting estimated the cost to replace the railing to be $540. Golf Course Green Fees Wilson explained that it is the Department's objective to allow for senior rates, while at the same time continuing to meet financial obligations. Wilson pointed out to the Committee that once senior rates are given, it will be next to impossible to reverse that trend. Wilson stated that staff recommends that Options 1 and 2 (see attachment) be adopted, which will result in a net gain of $66, 000. Wilson also presented a chart of comparable fees at other golf courses (see attachment) to the Committee to give members an idea of how Riverbend compares with other courses its size. Parks Committee Minutes February 21, 1990 Page Three In response to Houser's question, McCarthy stated that he feels the rate adjustment is necessary in order for the golf curse to remain self-sufficient. Houser questioned whether the golf course is "paying its way. " Dowell pointed out �to Houser that in addition to its' e*penses, the golf course is charged $64,000 a year in administrative costs. Wilson assured Houser that the golf course is paying for itself. White made a motion to accept the Department's proposal to adjust the green fees (options 1 and 2) , and to submit the proposal to the full Council for approval. Houser seconded the motion. The motion passed unanimously, Chow questioned whether the Council would be interested in setting up a contingency fund for golf complex renovation, to be used throughout the year. Chow pointed out that this would eliminate staff having to go to Council each time to regwu st' monies for renovation projects at the complex. White informed Chow that he would like to see more pros and cons of the idea before making a decision. Due to a prior engagement, White left the meeting at $:00 p.m. R.F.P. for Mercha pAisinc� Wilson reported that staff met with the Internal Budget Committee and agreed to send out an R.F.P. before making ;a ,decision on whether to lease out merchandising to a concession*, re or to have City staff sell merchandise. Wilson explained that there was some concern at the Internal Budget Committee meeting i as to whether the City should soll1 merchandise at the 18-hole and the 9-hole clubhouses, and at that driving range counter. Wilson expressed his concern that the 4ty would lose $14,000-$15,000 in revenue a year if staff did Inoit sell that merchandise. Wilson stated that he does not want to et tied� g on agreement g � that prevents theiCity from renovating the mini-pu ;t.' Houser commented that as far as she was concernbd,, ,,,Vw R.F.P. was totally unacceptable. "It's absolutely not at #11, what I was talking about when I asked for an R.F.P." A r Parks Committee Minutes February 21, 1990 Page Four The proposed R.F.P. presented the golf lessons, driving range, mini-putt and food concessions as options for which interested persons could make , a proposal. Houser wanted the items listed as a package for which those interested would submit a proposal. Houser said that she has been receiving phone calls from interested persons. "I have been promising these people that this would be coming. People have asked about it; they want to run it just like it's been run before. And I think that we should give them that option. " Houser also questioned the wording, "The City of Kentr intends to operate. . ." McCarthy explained that the bonds require the City to stay in the golf cpurse business, and that it may be necessary to get a clarification from the bonding company. Houser commented, "I'm not going to vote for this because it's not acceptable to me." Hansen suggested changing the wording of the sentence in question. Houser agreed that if the wording was changed to .her satisfaction, the R.F.P. would then be acceptable. Bartelt pointed out that the wording in question s ' the wording suggested and approved by the Internal Budget Committee. Star Lake 81ementg= Fee-in-Lieu Fund Wickstrom explained that King County requires that, lid1velopers of ten acres or more install park amenities in that p t, cular area. Since there is no park in the Star Lake area, the Coianty is willing to give the Parks Department $30,000 to improve the Glenn Nelson Park, since that is the closest park. Wickstrom stV4,ssed that the County requires that the $30,000 be spent on piecei off equipment. Wickstrom stated that if there was no objection from the Parks Committee, the Department would complete the afire and bring it before the Council for approval on the Consent lendar. Both Dowell and Houser approved of accepting the $3 4000 from King County for Glenn Nelson Park. Parks Committee Minutes February 21, 1990 Page Five Open Space Bond Issue 8u49et Wickstrom reported that the City will receive $1$693,515 from the Open Space Bond Issue monies for the Lake Fenwick and ,Green River Trail projects. King County requires that the City, 00t ,up accounts for each project, and adopt a resolution that ineilu es a schedule of expenditures. Wickstrom announced that the County wants Kent and Tukwila to split the Interurban Trail projstd with Tukwila handling the north portion in their city, and Kent; handling the portion from SmithlStreet south to Auburn. Wickotrom ,stated that the City of Kent will receive approximately $1,0000'000 for their portion of the Interurban Trail project. Wickstrom reported that she will submit the three amounts and the Resolution to the full Council for approval as a Consent Calendar item. Both Houser and Dowell approved of the project and instructed Wickstrom to contact White for his approval, to make the decision unanimous. Wickstrom informed the Committee that she just returned from an Open Space meeting, where she was informed that the County will arrange for the City to call five days in advance of spending funds, so that money may be received ahead of time« ,Previously, the arrangement was for the City to spend the fund end then be reimbursed by the County. The meeting was adjourned at approximately 2 :30 p.m. 57 `��. . . Lam. -fo tj 1 14, Pa/tki Adin�n 2r5 �' SDI SENIOR XOTIVITY CENTER +� 4 WARRANTY/REPAIR UPDATE TRAFFIC ACCIDENT DAMAGE Kitchen floor - an engineer examined the floor at the, request of the architects. He will need to do an extensive study to determine the source of the water leakage. We are awaiting Vord from the architect concerning hiring the engineering firm to ;dothe study. Bathroom sinks - all 5 bathroom sinks were replaced ,at, the end of January. They are .all in good working order. Accident - the traffic accident caused damage to the ',landscaping as well as to the railing by the stage door. The estimate to relandscape, which includes plants, trees, sod;, , labor and equipment, is approximately $1,990.00. The cost of replacing the railing will be approximately $540.00. These fie, have been submitted to the Ci +� ty Attorney. CITY OF KENT DEPARTMENT OFPARKS AND RECREATION, ISSUES AND OPTIONS RIVERBEND GOLF COMPLEX PROPOSAL: To adjust the green fees at the Par-3 and 18-hole courses to allow for senior rates (62 and older) and facility improvements, while continuing to meet our financial obligation. OBJECTIVES AND FACTS: 1. The City desires to meet all financial obligations placed on the facility. 2. The City realizes that senior rates are a good public relations tool . 3. The City realizes that senior rates are given by a majority of public and private courses. 4. The City must realize that once senior rates are given, it is next to impossible to reverse. 5. An upward adjustment in other rates is necessary to cover the revenue lost by senior rates. 6. Our participation records indicate that Mondays and Tuesdays are best suited for senior rates. 7. Our participation records indicate that weekends and holidays are best suited for rate increases. 8. In checking with other like facilities, weekends and holidays are considered prime times, and higher fees are justified. 9. Golfers are willing to pay substantial fees, if there is proper scheduling (tee times) and proper maintenance of greens, tee areas, and bunkers. 10. Golfers realize that non-golfers do not wish to subsidize their interests. { OPTION I: * Raise weekend and holiday rates from $15 to S,18, for 18 holes and from $10 to $12 for 9 holes at the 18-hol* course. * Lower Monday and Tuesday rates for seniors (62 and over) from $15 to $12 for 18 holes and from $10 to $8 for 9 holes at the 18-hale course. ADVANTAGES: 1. Will accommodate the senior rate without an adverse impact on our financial obligations. 2. Will give us optimum revenue from the facility. 3. Could increase play on Mondays and Tuesdays. 4. Create goodwill and improve relations with our senior golfing population. 5. Will encourage the senior population to play at Riverbend Complex. DISADVANTAGES: 1. Some people will complain regarding an increase in rates. 2. Most working people (especially in winter months) can only play on weekends and holidays unless they use vacation. OPTION II: * Raise weekend and holiday rates at the Par-3 from $4 to $5 for 9 holes and from $3 to $4 for a second nine holes. ADVANTAGES: 1. Would give the City additional revenue to maintain the course and add needed automatic sprinklers and other improvements. DISADVANTAGES: 1. Some people will complain about the rate increase. 2. Most working people can only play on weekends and holidays. OPTION III: * Do nothing. ADVANTAGES: 1. No one is upset by change. DISADVANTAGES: 1. We are not responding to the desires of a portion of our population. 2. We are not realizing optimum revenue from the facility. FINANCIAL IMPACT: OPTION I - A gain of $60,000; loss of $10,000; net gain of $50,000. OPTION II - A gain of $16,000. OPTION III - No change. Options 1 and 2 equal an approximate net gain of $66,000 on green fees and are recommended by the staff. DISCUSSION: The cost of maintaining a first class facility, public or private, continues to increase. The golfing public expects and deserves good facilities, and the majority are willing to pay. _ Playing golf is an elective, discretionary activity, and we do not expect all golfers to play at Riverbend. However, our facility, by being centrally located, well maintained, with a friendly staff, supports recommended options 1 and 2. We have the largest men's club in the state (over 800 members,, and they have indicated that they can't fully endorse this proposal , but they wnderstand our position and will not challenge it. A major portion of complex revenue is from green fees. Revenue must be sufficient to provide excellent staff and equipment for all phases of the operation. A majority of Riverbend participants (80%) live outside the Ci,`U limits of Kent and should not expect the City and City taxpayer to ftnn * their golfing enjoyment. We realize our proposed rates are higher than some municipal golf facilities. Our course is new and we have a financial obligation to meet. Other municipal rates are being raised gradually, but it would be political suicide for them to make a drastic adjustment upward. To keep with the demand for golf facilities, it will take a combination of private and public effort. Private enterprise will not construct golf facilities unless they pencil out financially. Cities should follow suit. The golfing public understands the costs of land purchase, development and maintenance cost in today's marketplace. With over 100 tournaments scheduled last year, I feel it would be beneficial to encourage tournament organizers to schedule weekday play. Higher weekend rates could help this cause. "In many municipalities, golf has never paid for itself. Fees were set unrealistically low and it became political suicide to raise them. As costs continued to rise, maintenance suffered, play dropped off and the deficit increased." Golf Digest, 1986 �a i i' REQUEST FOR PROPOSAL CITY OF KENT PARKS AND RECREATION DFPd ' *NT MERCHANDISING - RIVERBEND GOLF COMPLEX DR11a.146 RANGE The City of Kent, through the Department of Parks and Recreation, is seeking a proposal from private individuals or concessionaires who are interested in leasing 1,400 square feet of floor space in Kent Is Riverbend Golf Complex Driving Range facility for the purpose of merchandising golf equipment. The Golf Complex, owned and operated by the City of Kent, sits on a 160 acre tract next to the Green River and consists of the following: * Par Three golf course * 1, 600 square foot building to serve the PAr Three * 38 stall driving range open daily, 7am-10pm * 18 hole mini-putt course open daily, 7am-10pm * 3, 000 square foot building to serve the driving range (1, 400 square feet proposed for merchandising sales, the remainder is Driving Range, to be administered by the City) * New 72 parr, 18-Hole Riverbend Course with clubhouse and cart barn The area to be leased for merchandising would be separated by a partition but with access to the entire facility ;(restrooms, driving range stalls, other exits, etc. ) The City of Kent will also sell a selection of golf merchandise from it's facilities, including the Driving Range. The City of Kent intends to operate: 1. The lesson program 2. The driving range 3. The mini-putt course • 4 . Food concessions 1 Interested individuaals/concessionaires may make a, pzvFPsa2 on the above mentioned operations. The concessionaire will be responsible for providing the following: 1. Payment on the fair market value of leased space, $ , State leaseholders tax (12.84%) , plus % of gross merchandise sales 2. Payment for and monitoring of security system for the leased portion of the building. Bidder must insure own merchandise and equipment. 3 . Set up and maintain a computerized cash register system a. Capable of inventory control on a daily basis b. Compatible with current City owned system C. Must interface with the City system for accountability 4 . Display racks and cases for merchandise. Any other supplies desired. All with final approval by City of Kent. 5. Maintenance and cleaning of the leased area 6. Provide a minimum of $200,000 of top quality, brand name golf merchandise for sale, i.e. Ping, Spalding, Titleist, and Wilson. Some quality used equipment may be approved by the City. 7 . Staff compatible with the city's employment standards 8. Payment of telephone and utilities 9. Provide plan for working with Riverbend tournaments and Men's and Ladies' Clubs whereby the City participates in the profits 10. Pricing consistent with the City's retail ,merchandise 11. Provide incentives for teaching professiol16 12. Hours of operation must coincide with thlDriving Range hours of operation 13. Payment of advertising, approved by the Parks Department 14. Quarterly reports to the City in complia#ace with City requirements 2 15. PerformaWe bond in the amount of $ 16. A refund ,and discount policy approved , city. a Any interested individuals/concessionaires shoul , submit the following proposal information as outlined: INFORMATION ON PROPOSER Proposals shall contain the following information relating to the experience and financial capabilities of the Propors�r: 1. The name, address, and telephone number ,of uo Proposer's company, ' as well as the name, address, telephone number of the Proposer's representative. 2 . Experience of the firm or individual. 4ti conducting similar operations, as well as res:aO Of company principals. 3 . General financial information, including: a. Credit reference b. Proposer's line of credit necessary, tO equip and operate golf course facilities. C. Fina¢ncial statements of the Propogar ; , d. Financial susaAry of existing ope t*tangy e. Sum:gary of other sources of income ' f. References from existing or previous landlords and suppliers. OPE WI AL INFQRMATION The Proposer shall provide the following informatli, elating to the proposed operation of the leased space: 1. A description of Proposer's operating 00phy. 2. A description of the proposed pro ,;'J' j; equipment, (include , brand names and ��V, °:' fixtures, merchand4se, wholesale value of FSal*�k��, , and any other pertinent information. 3. A description of a five-year marketin g �i ,to include marketingphilosophy. P PhY• , 3 „I l i' 4 . A description of any proposed advertisiAq;;, fans. 5. A description of any proposed proz i os' including sponsorship of tournaments and youth gol„fiJOctivities or programs. 6. Details of the staffing plan. 7. Proposed schedule of operation. 8. Describe 'any proposed optional services. 9. Financial projections for the proposed , lease term, including: a. Estimated cost of operations b. Esti;mated revenues by function C. Estimated profit d. Total rent to the City by function over the proposed terms of the contract (refer, to item #1� on page 2 and item #15 on page 3) Sealed proposals (one original and four copies) must�, be submitted to the City Clerk, 220 South Fourth Ave, Rent, WA 9$1+032, no later than 5: 00 pm by they clock in the City Hall foyer, larch 9, 1990. REVIEW PROCESS The selection process will include an evaluation of the applications by a selection panel and reference reviews. The City reserves the right to seek supplementary infoalion from any application at any after the application deadlf ne, and before the final selection. Such information will be limited to clarification or amplification of material cont*ioed in the application. The City reserves the right to reject any and all proposals. The City reserves the right to waive j,ry*e, xlfarities and to modify the process and timeline as needed. For additional information, contact Robyn Bartelt at'y^�06-859-4000. The Driving Range is located at 2020 West Meeker, ;R , WA 98032. I 4 j, i King County Natural Resources and Parks Division Parks,Planning and Resources Department 2040 84th Avenue Southeast Mercer Island,Washington 98M (206)29"232 , I �r January 23, 1990 Mr. Barney Wilson City of Kent Parks and Recreation 220-4th Avenue South Kent, WA 98032 RE: Star Lake Elemen&ary Fee-in-L,ieu Fundg Dear Mr. Wilson: King County Ordinance 5596 established a land dedication or reservation requirement for developers of subdivisions of ten acres or gater to provide for neighborhood parks, open space and recreational facilities. ' The ordinance provides for payment of a fee in, lieu of such dedication. The ordinance directs the Natural Resources and Parks Divlsil to establish park service areas "roughly equivalent to elementary school # Idaries", and administrative guidelines for the expenditure of the funds. jthis instance, our division has determined that Glenn Nelson Park is within t, ho park service area where the fee-ins-lieu funds were generated and the administrative guidelines allow for the inter-local transfer of fee-in-lieu Tuhds to other public agencies. I would like your consideration of the transfer of approxima ely $30,000 to Kent Parks and Recreation for recreational facilities at 0,1 Nelson Park. Please let me know if1this meets your approval and, if so, , i 1 send a draft of the Covenant and Grant Agreement for Park Development. If you have any questions, please give me a call at 296-4134�' Sincerely, j Steve LaCourse Project Administratorj��f' j SLC:ld cc: Bob Jacobs, Chief, Capital Improvements and Planning, i�iwipn TA N: Bud Parker, Lead Project Administrator �7_ King county Natural Resources and ' Parks Division Parks,Planning and Resources Department 2040 84th Avenue Southeast Mercer Island,Washington 98040 (206)296-4232 January 30, 1990 a Mr. Barney Wilson City of Kent Parks and Recreation 220-4th Avenue South Kent, WA 98032 RE: Star Lake Elemertary Fee-in Lieu Funds Dear Barney: Enclosed is a draft copy of the Covenant and Grant Agree nt',;jfo r recreational improvements at Glenn Nelson Park, I have noted several are 'of the agreement which requitre your consideration. If your depllttot chooses to use the money for play equipment, it will be necessary to dewrioo the equipment , so we may assure it complies with the design criteria in,,®urlly Area Design and Inspection Handbook. Please let me know what you plan to do with the money so, I C#1), Oake changes to the agreement if necessary. If you have any questions, please call me at 296-4134. a' Sincerely, Steve LaCourse Project Administrator SLC:ld Enclosure cc: Bud Parker, Lead Project Administrator, Capital 11W s and Planning Section COVENANT AND GRANT AGREEMENT ,FOR PARK DEVELOPMENT This Grant Agreement is entered into between :Kid* County ( "County" ) and the City of Kent Department of, Parks ,gird";' Recreation ( "City" ) which parties hereby agree to the" f011,owing: A. Purpose The purpose of the Agreement is to provide a [grjnt of funds to develop recreational facilities for the pub? ic;o�on property owned by the Gity. This development is being 4one pursuant to King County Code (KCC) 19.38.070, as amender$. B. Nature and Location of Devel9g,ment The property on which recreational faci 1 ities ,wil l! be erected by the City under this Agreement is commonly knOwh as "Glenn Nelson Park" . The development to be performed ie generally described as a playground equipment ( "Deve'loj*ent" ) , as specifically described in Exhibit, A attached. The Development will be completed by 1990. C. Park Property The Development will be performed on real property situated in the County of King, State of Washington, at +,+Glenn Nelson Park, a description of which is attached as Ex,hioit B and by this reference incorporated herein. D. Restrictions on Property The Open Space of Fee-i n-4i eu Ordinance (KCC �,Ch 119.38) requires that the property be dedicated for recreati6r facilities for the benefit of the general public. To a#stare this, the City, its grantees and assigns, covenant that ,thie property described abode shall be maintained by the City' In a manner that allows and ,provides the opportunity for the;,,j=mmunity to use the property. The covenant shall run for fifteen ( 15) years f ton1 the date of this Agreement, and shall run with the land. E. Recapture Should the City determine that this covens �f<< inconsistent with the 4ity's use of the propeprty shall have the right to recaaoture such property andi the shall be null and void. The City shall reimburse the Cd' � K;_a fair Covenant and Grant Agreement Page 1 of 3 ,� and equitable depreciat d value of the equipment fc�r i,.h w j remaining life of such qui pment to the County, cal cU` on a straight depreciation bss. F. Procedure for Development ana ,Funding 1 . Before beg i hn i ng the Development descr i bed, pyre, the City shall submit the plans and specifications to thi C",, nty for approval of the equipment. 2. After the County's approval , the City shall ,,Oeyelop the property in accordance with the approved plans and specifications . 3. Upon timely, completion of the Development, King County shall pay to the'; City the cost of the Development; to, a maximum of Thirty Thousand Dollars ($30,000.00) minuii3Ott ost to the County for administering the project. No funds s'bal1;l, 4e released until this Agreement has been filed with th*,' aOOr9priate County authorities therein acknowledging the covenantal r "erenced in Paragraph D. G. Ownership, Access Wd Mainterlilnce �a Upon completion of the Development, all ownerohf� rights and maintenance responsibilities shall be the City's, suubiect to the rights of the general public to reasonable access a*,, ,Spt forth in Paragraphs D and E. H. Bidding and Contra ting The City shall be responsible for complying with a,ll public bidding and contracting laws, if applicable. I . Affirmative Action and MWBE R,Iquirements The City shall comply with King County Ordinanc.0 7788 (Affirmative Action) and 7789 (Minority and Women's Business Enterprises) attached hereto as Exhibits C and D thataO incorporated by this reef erence if applicable and sha-11 ' 04q�u i re such compliance of any contractor involved in the Detvolnt, if applicable. j J. Insurance The City shall require afll contractors involve4Ain' the Development to maintain adequate insurance naming Kivginty as an additional insured, if applicable. Covenant and Grant Agreement Page 2 of 3 K. Hold Harmlgss The City sha11 hoId harmless, indemniYfy and 0114, #, King , County against all claims and actions arising out ofiut Development, except those which are the result of t ,„�� negligence of King County. DATED this _ day of , '1990 KING COUNTY CITY OF KENT PARKS AND ,'OEgREATION Tim Hill Barney Wilson, Director'; King County Executive APPROVED AS TO FORM: Prosecuting Attorney STATE OF WASHINGTON ) SS. COUNTY OF KING ) On this day of 1990, before me, the undersigned, Notary Public in and for the State of Washington, duly commissioned and sworn, personally appeared Barney;i,Wjlson, to be known to be the Director of City of Kent Parka,i ano Recreation, and that he executed the foregoing instrgmehtland acknowledged the said instrument to be the free and vol,wntary act and deed of City of Kent Parks and Recreation, of the, uoes and purposes therein mentioned, and on oath stated that he Its ' authorized to execute the said instrument and that the deal aff i xed i s the corporate seal of Ci ty of Kent Parks Recreation. GIVEN under my hand and official seal hereto affixi the day and year first stated ;above. NOTARY PUBLIC in and'i t ,1- he State of Washington,J � Sri ng + at al Covenant and Grant Agreement page 3 of 3 411 4i EXHIBIT A Playground i Equipment for Hollywood Hills Ele h of Game ime: a (1) 6877 D=ble Step n Slide (2) ' 7574 Slide Tunnel (1) 297. 3-deg Swing Frame (20) 549 Cable Belt Seat (2) 6199 Backboe Digger Pacific P1gXROW: i . (1) Custom Kid Builder (1) Hillside Slide, 40 ft (cua'I *it) Construction of long jump facility. ' at v �tiv e. tea 1a I ;' II I 1 I +I WICKSTROM,HELEN / KENT70/P — HPDesk print. --------------------------- ------------.----- Xes sage. Dated: 02/05/30"',! �X3. Subject: OPEN SPACE BOND ISSUE - FISCAL NOTE Sender: Tony MCCARTHY / KENT70/FN Contents: 3. TO: Helen WICKSTROM / KENT70/PK 1 Part 1. a TO: Tony MCCARTHY / KENT70/FN Helen WICKSTROM / KEI�T70/PK Part 2. AS WE DISCUSSED A REVISED FISCAL NOTE I'LL USE FOR THE APPRQPR�ATE AGENDA. Part 3. WITH THE PASSAGE OF THE KING COUNTY OPEN SPACE BOND ISSUE IN' N63VEMBER 1989, THE CITY WILL BE RECE,,IVING $1,693,815 FOR THE LAKE ICK AND GREEN RIVER CORRIDOR TRAILS PROJECTS. BECAUSE OF FEDERAL ARBRT, CONCERNS RAISED BY KING COUNTY BOND (COUNSEL, THE CITY WILL BE RECE'IV THE FUNDS ON THESE PROJECTS ON A REII4BURSEMENT BASIS. UNDER THIS PRE I�E THE CITY WILL MAKE EXPENDITURES, CERTIFY THE EXPENDITURES TO THE a Y, AND RECEIVE REIMBURSEMENT. THE COUNTY ',IS FINALIZING THE PROCESS BUT `fL*S� TO MAKE REIMBURSEMENT BY WIRE TRANSFER WITHIN 2 DAYS OF RECEIVING C IFICATION AFTER THE BONDS ARE SOLD. PRIOR tO BOND SALE, ANTICIPATED FOR AP L, THE CITY CAN f CAPTURE EXPENDITURES FOR SL*SEQUENT REIMBURSEMENT. ACCO THE THE PARK DEPARTMENT, PRE BOND SALE EXPENDITURES ARE ANTICIPATED To B", THE THAN $50,000 AND THERE IS ENOUGH CASH III' OTHER PARK CAPITAL PROJECTS TO,, EXPENDITURE ON A TEMPORARY BASIS THE 18C APPROVES THE BUDGET, AND THE FINANCING ARRANGEMENT1II LUDING THE RESOLUTION ADOPTING A SCHEWLE EXPENDITURE OF BONS? PROCEEDS ', PREPARED BY THE PARK DEPARTMENT. of I i _ • ,a, 1A, I i $ClBtgtBAN CITIES OPEN SPACE PP40tLAbi CITY OF: �IT, 4UARTERL7 CASH FLOW PROJECTIONS PMJECT: 80O R �rridor i{RIRIT A NO PRO:kEDS* � 1; ,1T6 ALLOCATEA,BOND PRINCIPAL: PROJECT PHA5ES • Bond Proceeds Cash Flows Administration Acquisition Design Conarugtion Total CUARTER 1st/90 I 1 I I I 1 I I $79,3W I I I I ! I 2nd/90 $105,847 1 I I I I I $211,694 I I I I ) I 4th/90 I I I I I I I $52,924 1 f I I I I Ist/91 I I I I 1 1 I I I I S211,694 ) I I ! I I 2nd/91 ! I I I I I ! I $185,232 I I I I I 3rd/91 ) I I I h I I I I i I i i $42,339 1 I ! I I I 4th/91 ) I I I I ! I I I I ! I I f I I I I I I I Ist/92 I I ! I I I I I I I I I I I 2nd/92 I I I I 1 I 1 3rd/92IT I I I I I 1 4tt++/92 I ! ! I I, .i, ,• ' i ! PROJECT & SM9,115 PUN TOTALS -- — maKasaasameam st3 rsa:m mm measaem m aaesxsasx ilasscs rq *MOTEa "BOND PROCEEDS" equals the total allocated bond principal plus the expected irrteat,etlf . Actual earnings sill be datermined by the bond sale, and by the rgte of spending. SUBURBAN CITIES OPEN SPACE PROGRAM CITY OF: KENT QWIRTERLY CASH F104! PROJECTIONS PROJECT: Lr ik Trail VWiIBIT A BOND PR�CEEDS* ba' 19,701 ALLOCATED BOND PRINCIPAL: "51,919 I P R O J E C T P H A S E S Bond Proceeds Cash Ftows Administration Acquisition Design Coilatroction Total QUARTER I I I I ! I I I i I f I I i 1st/90 I I I I I f I I I I I I I i $121,724 I I I I I 2nd/90 j $190,525 1 I I I I 3rd/90 I I ! I I I f I I 1 I I I I I $206,402 I 1 I I I I 4th/90 I I l 1 I- wow I I I I I 1 I I $52,924 1st/91 I 1 I I f I I i I I I I I I j $121,724 ) I I 1 f 1 2nd/91 I I I I I I I j $185,232I 3rd/91 I I I I f I I I $21,169 1 I I I I ! 4th/91 I I I I ! I I I I I ! I 1st/92 I I I I I I I BW92 3rdM 4th/92 PROJECT A $899,700 PBABE TOTALS *NUTE: "BOND PROCEEDS" equals the total allpceted band principal plus the expected interest at Actual earnings will be determined by the bond sale, and by the rate, of spending. h 1 RESOLUTION NO, �dr 2 A RESOLUTION adopting a ' �e of 3 expenditure of bond proceeds ro' ► from King 4 County for the acquisition of from projects. 5 WHEREAS, the City anticipates receivi oximately 6 $ of principal proceeds of the "N ,C�unty, 7 Unlimited Tatx General Obligation Bonds (Open; "Fe) ,, 1990" for 8 the purpose atf acquiring certain open spapq Wojects, and i 9 WHE`RLAS. i3n order to provide the County W►thj reliable 10 informationon the expenditure of such bond ,Iretds, it is 11 necessary for the City Council to adopt a r ;lultion 12 establishing {and approving an expenditure schA#u�e for such 13 proceeds so that the county may rely on such bodule in 14 complying with applicable tax-exempt bond provIsions of the 15 Internal Revenue Code of 1986, as amended; u' 16 NOW, THEREFORE BE IT RESOLVED BY THE CXTX,,�'COUNCIL OF THE 17 CITY OF �t ithe 18 expendituare schedule for the proceeds of "Xing County, 19 Unlimited Tax General Obligation Bonds (Opp ce) , 1990", to 20 be received by the City attached hereto an ibit A is 21 approved and adopted as such expenditure �e#uam for the City 22 for the purpose of Kinilg County's compliane Jtch applicable 23 tax-exempt bond provisions (including Sectio ,, 103 and 148) of 24 the Internal Revenue Cade of 1986, as 25 ADOPTED .his day of ' ,`�� , 1990. 26 . 27 Cha