HomeMy WebLinkAbout04/03/2018 13 River Road Design and Reconstruction Funding Grant Application and Loan; Yakima County SIED BoardITEM TITLE:
SUBMITTED BY:
BUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDA STATEMENT
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Item No. 13.
For Meeting of: April 3, 2018
Resolution authorizing an application to the Yakima County
Supporting Investment in Economic Development (SIED) Program
for improvements to River Road associated with the development
of the Aquatics Center in Chesterley Park
Scott Schafer, Director of Public Works
Brett Sheffield, PE, Chief Engineer - 576-6797
SUMMARY EXPLANATION:
The City of Yakima is seeking funding from the Supporting Investments in Economic
Development (SIED) Board for improvements to River Road in the vicinity of Chesterley Park
associated with the proposed Aquatics Center. The application requests $500,000 in loan and
$500,000 in grant. Total project cost is estimated to be $1,648,710. Annual debt service to
repay the requested $500,000 loan for the SIED Board will be from Transportation Benefit
District revenues.
The improvements include widening and reconstructing River Road from 40th Avenue to 34th
Avenue. Another project to improve the intersections of 34th Avenue and River Road and 34th
Avenue and Fruitvale Boulevard by constructing roundabouts is also underway. These
improvements are needed to improve safety and provide better access to Chesterley Park and
the proposed Aquatic Center.
ITEM BUDGETED:
STRATEGIC PRIORITY:
APPROVED FOR
SUBMITTAL:
Yes
Public Safety
City Manager
STAFF RECOMMENDATION:
Adopt resolution.
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BOARD/COMMITTEE RECOMMENDATION:
ATTACHMENTS:
Description Upload Date Type
d Resdution 3!2&2018 Coyer Memo
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RESOLUTION NO. R -2018-
A RESOLUTION authorizing the City Manager to apply for funding, accept the funds if
offered and execute the necessary agreement for a $500,000 grant and a
$500,000 loan from the Yakima County SIED Board to contribute funds for
the engineering, design and reconstruction of River Road to support the
YMCA/Aquatics Center.
WHEREAS, the Yakima City Council has determined that the YMCA/Aquatics Center is
an Economic Development priority for the City of Yakima; and
WHEREAS, community and private involvement in this cooperative effort has been
strongly supported in the City Council Strategic Plan and the Park Element of the Yakima Urban
Area Comprehensive Plan 2040; and
WHEREAS, on October 27, 2015 the Yakima City Council entered into agreements with
the Yakima Family YMCA, a Washington nonprofit corporation, for a public-private partnership
to create an Aquatics Center; and
WHEREAS, the City of Yakima has agreed to invest $4.5 million for capital expenditures
toward the development of the Aquatics Center; the City funds will be provided from long-term
debt secured by specified general fund revenues; and
WHEREAS, the private contributions from the YMCA needed to develop the
YMCA/Aquatics Center is estimated at $19 million; and
WHEREAS, improvements to the existing public streets in the vicinity of the proposed
YMCA/Aquatics Center will improve public safety and facilitate access to the development; street
upgrades are generally required for new development in the City of Yakima; and
WHEREAS, SIED funds are projected to cover approximately 61% of the cost to upgrade
River Road to current City standards; and
WHEREAS, The City Council has determined that it is in the best interests of the City to
seek SIED funds to assist with the improvements on River Road in support of the Aquatic Center
project; now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF YAKIMA:
The City Manager is authorized and directed to submit a SIED grant application for
$500,000 in grant funds and $500,000 in loan funds for the improvements to River Road and if
awarded, to execute an Agreement with the Yakima County SIED Board establishing the terms
and conditions of the loan and grant funds.
ADOPTED BY THE CITY COUNCIL this 3rd day of April, 2018.
Kathy Coffey, Mayor
ATTEST:
Sonya Claar Tee, City Clerk