City Council Committee of the Whole · Monday, May 13, 2024 · City Council Digest

2. AGENDA ITEMS

Public Comment Public comment on individual agenda items will also be accepted following Council Q&A

packet pp.5–45

▶ Watch from 2:00 Open packet at p.5 ↗

Staff report:

The purpose of this presentation is to provide Council with additional information they requested at the April 29, 2024 Committee of the Whole. The Administration will provide information on the following: • Fire Station o Response times o Site comparisons • Financing Information o Levy lid lifts in Bellevue & Mercer Island o Issaquah bond financing over time • Next steps regarding the City’s facility needs

Facilities Next Steps & Revenue Options: Fire Station 71 & Bonds COM 0027

Director · 60 min · Andrea Snyder, Interim Chief Financial Officer Autumn Monahan, Administrative Services · packet pp.47–74

Topics: Public Safety

▶ Watch from 6:50 Open packet at p.47 ↗

Staff report:

Direction Needed from Council This staff report provides the City Council with an overview of the preliminary (unaudited) 2023 yearend financial results, as well a preview of what we anticipate for 2021 based on limited first quarter 2024 data. While this staff report will primarily be focused on the General Fund and Real Estate Excise Tax (REET) Fund,

2023 Year End & First Quarter 2024 Financial Report COM 0028

30 min · Susie Monsell, Budget Manager

▶ Watch from 1:04:55

Good of the Order

▶ Watch from 1:33:57

2191 segments .txt ↗

0:07 ↗ welcome everyone I council president

0:09 ↗ Walsh call the May 13th Committee of the

0:12 ↗ whole meeting to order at 6:31

0:15 ↗ p.m. as a reminder we continue to have a

0:18 ↗ remote aspect to our meeting so both

0:21 ↗ staff and members of the public may be

0:23 ↗ participating in tonight's meeting

0:25 ↗ remotely via WebEx and council member

0:28 ↗ Marts has an excused absence this even

0:30 ↗ evening so for public comment there are

0:33 ↗ multiple public comment opportunities at

0:35 ↗ tonight's meeting there is a general

0:37 ↗ public comment opportunity at the

0:39 ↗ beginning of the meeting or you can make

0:41 ↗ comments after the presentation and

0:43 ↗ Council question and answer period on

0:45 ↗ tonight's agenda

0:46 ↗ items so um we're going to start with

0:49 ↗ public comment members of the public May

0:51 ↗ address council at this time in person

0:53 ↗ or virtually those who signed up in

0:55 ↗ advance to make comments will be called

0:57 ↗ on first if you're joining us virtually

1:00 ↗ and would like to make comments please

1:02 ↗ raise your virtual hand if you're on the

1:05 ↗ phone you're going to press star

1:06 ↗ three if you're on a computer or

1:09 ↗ smartphone you can look for the hand

1:12 ↗ icon or send the host a chat

1:15 ↗ message if you are in the room and did

1:17 ↗ not sign up I'll ask for other speakers

1:19 ↗ before closing this portion of the

1:21 ↗ meeting so I'm going to wait a moment

1:23 ↗ see if anyone wishes to raise their

1:26 ↗ hand and in the meantime I'll ask the

1:29 ↗ clerk if anyone has signed up to speak

1:31 ↗ or indicated a desire to speak this

1:34 ↗ evening no one has signed up we don't

1:36 ↗ have any members of the public in the

1:38 ↗ room but we do have one attending

1:40 ↗ virtually however I don't see they

1:42 ↗ indicating a desire to speak at this

1:43 ↗ time okay well as a reminder written

1:47 ↗ comments can always be submitted to us

1:49 ↗ at any time by emailing city council

1:52 ↗ isqua

1:55 ↗ w.gov and so moving on to the rest our

2:00 ↗ agenda item we have two items on the

2:03 ↗ agenda tonight and we're going to start

2:06 ↗ with Comm 0027 facilities next steps and

2:10 ↗ revenue options for fire station 71 and

2:12 ↗ bonds presented by Andrea Snider our

2:15 ↗ interims Chief Financial Officer

2:19 ↗ and Autumn is Autumn

2:22 ↗ online fantastic okay I'll let you guys

2:25 ↗ take it

2:28 ↗ away thank you council

2:34 ↗ president uh Autumn uh manahan is

2:37 ↗ joining us from home virtually and is

2:39 ↗ available for questions but also we have

2:42 ↗ a few other presenters joining us this

2:44 ↗ evening uh we have fire chief Ben lane

2:48 ↗ from Eastside fire and rescue Sarah

2:50 ↗ Ellie from TCA Architects as well as

2:53 ↗ Maggie Marshall from pfm financial

2:55 ↗ advisers who are the city's Bond

2:57 ↗ advisers they all have a piece of the

2:59 ↗ presentation

3:01 ↗ today uh the purpose of

3:04 ↗ tonight is um we're really here not

3:08 ↗ seeking any specific Direction tonight

3:11 ↗ we're really here to follow up on the

3:13 ↗ information requests from city council

3:15 ↗ at the previous Committee of the whole

3:17 ↗ meeting on April 29th so we wanted to

3:19 ↗ follow up with you and provide some of

3:21 ↗ the information you requested it's not

3:23 ↗ all of the information you requested we

3:25 ↗ have some subsequent meetings um that

3:27 ↗ will get to the rest of it so we wanted

3:29 ↗ to focus tonight mostly on uh the fire

3:32 ↗ station we had quite a few questions

3:33 ↗ last time wanting more information about

3:36 ↗ uh response times as well as comparing

3:39 ↗ different sites and the fit of uh the

3:42 ↗ station on each site so we have uh Chief

3:46 ↗ Lane as well as well as Sarah Ellie to

3:49 ↗ talk about those items uh we also had

3:52 ↗ requests for additional financing

3:54 ↗ information um wanting to learn a little

3:56 ↗ bit more about the levy lid lifts in

3:58 ↗ bellw and Mercer Island to fund their

4:00 ↗ fire

4:01 ↗ facilities um so we'll be providing more

4:04 ↗ information on that as well as the isqua

4:07 ↗ bond financing over

4:09 ↗ time but again no specific direction

4:11 ↗ that we're seeking tonight it's really

4:13 ↗ to ensure that you have the information

4:15 ↗ that you

4:16 ↗ need so with that I would just like to

4:19 ↗ invite Chief lane from Eastside fire and

4:21 ↗ rescue to talk about uh their response

4:23 ↗ times and modeling

4:33 ↗ good

4:37 ↗ evening get my notes here real quick

4:40 ↗ nice to see

4:42 ↗ everybody Ben lane fire chief of East

4:44 ↗ Side Fire and Rescue happy to be here

4:46 ↗ tonight to talk to you a little bit

4:47 ↗ about our modeling procedure and the

4:50 ↗ data that we use to help uh tell the

4:52 ↗ story here so the slide that you're

4:54 ↗ seeing today up on the screen is East

4:57 ↗ Side Fire and rescue's current service

4:58 ↗ area

5:00 ↗ excuse me um and it's important to know

5:04 ↗ that the the modeling that we use is a

5:07 ↗ it's a computer based software code 3 it

5:11 ↗ takes into consideration all of the

5:13 ↗ station locations so not just the three

5:16 ↗ uh city of viqua stations that we'll be

5:18 ↗ discussing

5:22 ↗ tonight this is a map um from your comp

5:25 ↗ plan I felt it was important to show the

5:27 ↗ map so the area highlighted in red is

5:30 ↗ the central isqua area and this is the

5:33 ↗ area where the greatest potential of

5:35 ↗ growth exists due to the city's current

5:38 ↗ zoning standards I know Deputy council

5:41 ↗ president D Michelle asked some

5:43 ↗ questions around future modeling so this

5:45 ↗ is taken into consideration in that

5:49 ↗ modeling here are your current fire

5:51 ↗ station locations and the neighborhoods

5:53 ↗ associated with them our primary

5:56 ↗ discussion will be about at the station

5:58 ↗ there at the South End of the service

5:59 ↗ area the Oldtown fire

6:03 ↗ station

6:07 ↗ oops the station icons in yellow are the

6:11 ↗ three locations that we'll be discussing

6:13 ↗ tonight the northernmost location um I

6:16 ↗ believe it's the this is the location

6:18 ↗ that has been the predom predominant

6:20 ↗ topic of conversation with Council in

6:22 ↗ the past um and so uh that site is going

6:26 ↗ to be addressed the current station

6:29 ↗ location which we're calling Oldtown

6:31 ↗ station

6:32 ↗ 71 and then from a data

6:34 ↗ perspective is the best data location so

6:38 ↗ it's important to note that we we don't

6:40 ↗ have a property highlighted here but

6:42 ↗ this is just um where the the code 3

6:45 ↗ modeling points to the best location you

6:47 ↗ might ask why the shift from the East

6:50 ↗ Lake site this has been a long-standing

6:52 ↗ conversation for many many many years

6:55 ↗ there's there were several different

6:56 ↗ factors that played into that um one at

6:59 ↗ the time time was the the partnership

7:01 ↗ Health within East Side Fire and Rescue

7:04 ↗ and this was an effort to try to address

7:06 ↗ some of the concerns that samamish had

7:07 ↗ at the time in partnership with the city

7:10 ↗ of

7:10 ↗ viqua uh given I think what's been

7:13 ↗ shared in the past the ongoing

7:15 ↗ challenges with that site the potential

7:17 ↗ site swap um me being the new fire chief

7:21 ↗ I think it's always important to have a

7:22 ↗ new fresh set of eyes and a different

7:24 ↗ perspective so talking to Andrea

7:28 ↗ Schnider on the topic saying well let's

7:30 ↗ use data to point where maybe the best

7:32 ↗ location is so we've we've made a shift

7:34 ↗ the health of East Side Fire and Rescue

7:36 ↗ is stronger than ever so some of those

7:38 ↗ concerns that we were maybe trying to

7:40 ↗ address several years ago are no longer

7:42 ↗ in existence so the fundamental shift to

7:45 ↗ using data to help the city plan for the

7:48 ↗ best location and not to mention the

7:51 ↗ city your three fire stations in

7:54 ↗ comparison to your partner City samamish

7:56 ↗ are probably three times busier so I

7:59 ↗ think a station location is is very

8:02 ↗ important so here this is

8:06 ↗ um

8:07 ↗ the code 3 data and this captures these

8:11 ↗ four different location or four

8:13 ↗ different areas of the data considers

8:15 ↗ the first arriving unit on scene there

8:17 ↗ was a question earlier could we have um

8:20 ↗ the Y AIS start at zero a zero minute

8:23 ↗ time frame um the reason why we're we're

8:26 ↗ not modeling data that way because this

8:28 ↗ is an average of the first unit arriving

8:30 ↗ on scene so this is across nearly 19,000

8:34 ↗ calls over four and a half

8:36 ↗ years the data um is actual historic

8:40 ↗ response data a modeled under the again

8:43 ↗ the code 3 uh computer aided modeling

8:46 ↗ that we utilize it knows the station

8:49 ↗ locations it knows the apparatus

8:52 ↗ assigned to the locations it knows the

8:54 ↗ number of personnel assigned to the

8:56 ↗ apparatus it takes into account our run

8:59 ↗ run cards run cards are a predetermined

9:02 ↗ number of resources and Personnel that

9:04 ↗ are needed to address this to address a

9:06 ↗ specific call so the code 3 modeling

9:09 ↗ also takes into account that it takes

9:12 ↗ into account simultaneous calls and so

9:14 ↗ across that 4 and a half year time frame

9:16 ↗ nearly 19,000 calls these uh first

9:21 ↗ arriving data points are taking into

9:24 ↗ account all of those that data

9:25 ↗ collection so the Old Town site for

9:27 ↗ first arriving unit on average it's

9:31 ↗ about a 5 minute time frame the front

9:33 ↗ and Gilman location across all responses

9:37 ↗ is

9:38 ↗ 5.10.1 is roughly 6 seconds in in this

9:41 ↗ it's using tenths and then the East Lake

9:44 ↗ site uh compared to the Old Town you're

9:47 ↗ looking at about 35 second difference

9:48 ↗ for the East Lake

9:50 ↗ location the last arriving unit um as I

9:53 ↗ shared the code 3 modeling accounts for

9:56 ↗ all units responding to a call so I use

9:58 ↗ for an example the structure

10:00 ↗ fire the data knows or the code 3

10:02 ↗ modeling knows on our run cards we need

10:05 ↗ four engines to arrive on scene so would

10:07 ↗ account for four engines to actually

10:09 ↗ arrive on Scene It Takes into

10:11 ↗ consideration the posted speed limit and

10:14 ↗ historical travel time to factor in that

10:16 ↗ data so we're saying that the average

10:20 ↗ last unit to arrive on scene for those

10:22 ↗ multiple incident responses that's where

10:24 ↗ that data comes from and then we get a

10:26 ↗ little bit more granular we break it

10:28 ↗ into EMS and Fire

10:30 ↗ roughly uh in isqua you're just shy of

10:33 ↗ 80% of your responses are ems related um

10:36 ↗ so the Old Town site is just right about

10:38 ↗ the F minute mark across the entire

10:40 ↗ service area again I believe there was a

10:43 ↗ question does this take into

10:45 ↗ consideration the Providence Point the

10:47 ↗ samam stations and the answer is yes

10:50 ↗ takes into consideration all of East

10:52 ↗ Side Fire and Rescue stations to include

10:55 ↗ uh our mutual Aid Partners Belleview for

10:58 ↗ example Station 8 runs a fair amount

11:00 ↗ into South cope so that is factored into

11:03 ↗ this coverage so as you can see the East

11:05 ↗ Lake site again is third in the overall

11:08 ↗ rating um the front and Gilman location

11:12 ↗ we're utilizing that because that's the

11:13 ↗ best data perspective and it gives you a

11:16 ↗ comparison to the site that we're

11:18 ↗ predominantly discussing which is the

11:20 ↗ Oldtown

11:25 ↗ site um Chief Lane we've got a question

11:28 ↗ before you move on

11:30 ↗ so

11:31 ↗ um thank you so much could you just

11:34 ↗ explain uh we don't we don't have a

11:36 ↗ station on front and Gilman do we you do

11:39 ↗ not so was this site selected as sort of

11:42 ↗ a a in the middle point or how was that

11:45 ↗ decided to measure from there and um and

11:49 ↗ how did you get those numbers then yeah

11:51 ↗ that's a good question so um we used the

11:54 ↗ code 3 modeling software to say where is

11:57 ↗ the best location given all the data

12:00 ↗ that's been inputed and our run cards

12:03 ↗ where would be the best location to

12:04 ↗ place a station was it we work we

12:06 ↗ reverse engineered it we use the data

12:09 ↗ the response times our run cards to to

12:12 ↗ have the software say this is where the

12:13 ↗ location's at so that's how we got up we

12:16 ↗ came up with the the front and Gilman

12:19 ↗ location yeah thank you very much you're

12:23 ↗ welcome um one more thing to note before

12:26 ↗ I move on is that um in the in the

12:29 ↗ overall data we looked closely so that

12:32 ↗ first slide in the comp planning that

12:34 ↗ red area was Central isqua uh we also

12:37 ↗ ran three separate models looking at the

12:39 ↗ closest neighborhoods so Central isqua

12:41 ↗ Oldtown and the isqua valley

12:43 ↗ neighborhoods all three of those models

12:46 ↗ still had the Oldtown isqua fire station

12:49 ↗ site outperformed the East Lake uh

12:53 ↗ site this is that same data utilizing a

12:58 ↗ heat map this heat map is 1 minute to 6

13:01 ↗ minutes it's important to note that just

13:03 ↗ because it shows red does not mean that

13:05 ↗ they're being underserved um our

13:08 ↗ standard of cover for an urban response

13:11 ↗ area for EMS calls we strive to hit uh

13:14 ↗ first unit on scene 90% of the time

13:16 ↗ within 6 minutes and 30 seconds so even

13:18 ↗ something where we would be meeting The

13:20 ↗ Benchmark it would be identified as red

13:22 ↗ in

13:23 ↗ here so on the I think it's on my left

13:27 ↗ the model where it shows performing

13:29 ↗ outside that's utilizing the East Lake

13:32 ↗ location you can see the start contrast

13:34 ↗ between that

13:36 ↗ and the Old Town site the current

13:38 ↗ station 71 site there was an awful lot

13:40 ↗ of orange and red in the core that core

13:44 ↗ area again going back to the comp plan

13:46 ↗ map is where the city stands to have its

13:50 ↗ largest growth based off of your current

13:54 ↗ um code

13:56 ↗ standards the next one there is very

13:59 ↗ little change you can see on the left

14:02 ↗ side there that's the front and Gilman

14:04 ↗ location again that's the reverse

14:07 ↗ engineering of the best data perspective

14:09 ↗ compared to the current station 71

14:16 ↗ site I will stop there um I also happy

14:20 ↗ to answer questions but I do want to

14:22 ↗ take a moment to be um proactive and

14:25 ↗ answer some of the questions that were

14:27 ↗ submitted um when after this packet was

14:31 ↗ published

14:36 ↗ so so using starting at the top the

14:39 ↗ secured parking there was a question

14:40 ↗ around is this a standard um and what's

14:43 ↗ being proposed is a gated secured

14:46 ↗ parking behind the fire station

14:49 ↗ currently in East Side Fire and Rescue

14:50 ↗ service area we have three facilities

14:52 ↗ that have secured parking station 31 in

14:55 ↗ Northbend or in actually station 31 in

14:58 ↗ Woodenville

14:59 ↗ Station 72 here in isqua and station 87

15:02 ↗ in Northbend I would say that it's

15:06 ↗ although not a standard it is a

15:08 ↗ preferred um security measure fire

15:11 ↗ stations to date have experienced

15:14 ↗ several either break-in attempts we've

15:17 ↗ actually lost equipment out of a out of

15:18 ↗ a station when a crew was not there same

15:21 ↗ thing when crews are

15:22 ↗ visiting uh the grocery store you might

15:24 ↗ see on the news where there's been

15:26 ↗ rescue tools uh stolen from Seattle Fire

15:28 ↗ Department apparatus so to US security

15:31 ↗ is um very very important so although um

15:35 ↗ it's not a standard um it's a it would

15:39 ↗ be something that from a future planning

15:42 ↗ perspective would be something we'd ask

15:44 ↗ you to highly

15:46 ↗ consider uh the location so the

15:49 ↗ consideration of given the fencing

15:51 ↗ project that's going to happen behind

15:52 ↗ the current 71 would it be feasible to

15:55 ↗ have the crews utilize that parking

15:56 ↗ space although that space would be

15:59 ↗ secure a couple things to think about I

16:01 ↗ believe there's some uh projected growth

16:03 ↗ or plan growth or at least the ability

16:06 ↗ for growth for isqua PD so those parking

16:10 ↗ spaces would likely be utilized uh to

16:13 ↗ support the growth of the police

16:14 ↗ department in addition it's not uncommon

16:16 ↗ for firefighters to report to Duty with

16:19 ↗ all of their uniform their bunker gear

16:20 ↗ and equipment so packing that you know a

16:23 ↗ block and a half or two blocks even on a

16:25 ↗ nice sunny day can be a challenge but

16:27 ↗ certainly during adverse weather or late

16:29 ↗ evening hours so I think that in itself

16:31 ↗ could could be a safety factor that

16:33 ↗ would um would be a risk to the

16:35 ↗ reporting perers yes

16:38 ↗ sure um I know that there's some

16:40 ↗ questions about the parking lot uh that

16:43 ↗ was depicted in in uh previous slides

16:47 ↗ and presentations using um some of the

16:50 ↗ property directly south of this building

16:52 ↗ for a potential parking lot and I just

16:54 ↗ also wanted to say that um what the this

16:58 ↗ really is is a fit test so you're going

16:59 ↗ to see a few more of those diagrams with

17:01 ↗ Sarah's presentation it's not a concept

17:05 ↗ really it's not a site plan certainly um

17:08 ↗ it's really just looking at what how can

17:11 ↗ we use the property we have to fulfill

17:13 ↗ the fire station needs that we've

17:16 ↗ identified thus far and and what fits

17:18 ↗ and so I know that there's some

17:19 ↗ questions around the parking lot what

17:21 ↗ suitability that would have or how

17:23 ↗ parking would be used um but I just want

17:25 ↗ to say this is this is all just really

17:28 ↗ all the work we done so far as to

17:29 ↗ determine um could a facility fit on

17:32 ↗ some of the properties that we currently

17:34 ↗ own and how would that how would that

17:35 ↗ service the

17:39 ↗ city um then we received a few other

17:42 ↗ other fire station questions I know that

17:45 ↗ TCA the architect is going to talk about

17:47 ↗ the remodel footprint there was a

17:49 ↗ question regarding samamish they're

17:52 ↗ currently going through a a robust

17:54 ↗ remodel at their North End fire station

17:56 ↗ station 82 and how was samamish able

17:58 ↗ able to relocate those

18:01 ↗ resources uh during the construction

18:03 ↗ project samamish has a bit of a

18:05 ↗ different deployment model than the city

18:06 ↗ of isqua on the north and south end of

18:09 ↗ the city they have a fire station with

18:11 ↗ with an engine in each one of those

18:12 ↗ facilities and centrally located at the

18:15 ↗ pine lake there's an aid unit and that

18:17 ↗ Aid unit has has two Personnel assigned

18:19 ↗ to it so what we were able to do given

18:22 ↗ that uh unique configuration the fire

18:25 ↗ engine at station 82 which is currently

18:27 ↗ under construction has been temporarily

18:29 ↗ relocated to the Pine Lake location

18:32 ↗ because that facility can secure and

18:35 ↗ house not only the Personnel but the

18:37 ↗ apparatus and then we've taken the twers

18:39 ↗ aid crew and we've rented an apartment

18:41 ↗ on the North End of

18:44 ↗ samamish um as close to the the current

18:47 ↗ station 82's location to try to address

18:51 ↗ our standard of cover as I mentioned

18:53 ↗ prior samamish is very similar um nearly

18:55 ↗ 80% of their calls are ems so having

18:58 ↗ that Aid unit housed at an apartment

19:01 ↗ complex covers um a service area for

19:05 ↗ about 80% of our calls and we plan to do

19:08 ↗ the same thing when they remodel their

19:09 ↗ fire station uh at the South End that's

19:13 ↗ roughly $3,000 a month with rent parking

19:16 ↗ utilities and Comcast

19:18 ↗ cable now looking at the station 71

19:21 ↗ deployment model there are five people

19:24 ↗ assigned there we have a tillered ladder

19:26 ↗ truck a rescue rig and an aid unit I'm

19:29 ↗ not sure there's an apartment complex

19:30 ↗ nearby where we could we could house all

19:32 ↗ those those not only equipment I can

19:35 ↗ imagine the parking would be quite

19:36 ↗ expensive but the personnel as

19:39 ↗ well

19:40 ↗ [Music]

19:43 ↗ um that was it for questions I think I

19:47 ↗ addressed the response

19:49 ↗ times so with that there's any other

19:51 ↗ questions not going very far I can't

19:56 ↗ so yeah or very fast

20:03 ↗ thank you Chief Lane uh next up we have

20:06 ↗ Sarah Ellie the principal at TCA TCA

20:09 ↗ architecture who has a lot of experience

20:12 ↗ in designing uh fire stations across the

20:15 ↗ region so thank you

20:19 ↗ Sarah yes thank you good evening thanks

20:21 ↗ for having me today um today I'll go

20:24 ↗ over kind of some points on the existing

20:27 ↗ station and then two different test def

20:29 ↗ fits that we've done um so the existing

20:32 ↗ station um a few just a few pointers on

20:35 ↗ it so the existing Bay width and size do

20:39 ↗ not meet the current wax standards so

20:41 ↗ for the wax standards require the

20:44 ↗ apparatus doors to be open and to have a

20:46 ↗ three foot clearance around to walk

20:48 ↗ around the truck um and the existing

20:51 ↗ Bays um the wits don't fit that um the

20:54 ↗ bay height is limited I think there's

20:56 ↗ only one Bay that uh fits the the lad

20:59 ↗ truck so the height of the existing bays

21:02 ↗ are pretty limited um it would require a

21:05 ↗ substantial renovation and so what that

21:08 ↗ really means is full seismic upgrades um

21:11 ↗ full mechanical upgrades full electrical

21:14 ↗ upgrades um and some things that we're

21:17 ↗ seeing with um these systems are with

21:20 ↗ the new code we're not we're not seeing

21:22 ↗ very enough room for the new mechanical

21:24 ↗ electrical upgrades that are required by

21:26 ↗ the new code um

21:29 ↗ the station footprint the existing

21:31 ↗ station footprint doesn't accommodate uh

21:34 ↗ hot zones and cross contamination best

21:36 ↗ practices so there's a lot of new best

21:38 ↗ practices in keeping the firefighters

21:40 ↗ safe um keeping uh dirty areas um away

21:44 ↗ from their clean area so they're not

21:46 ↗ getting say their food contaminated with

21:49 ↗ exhaust and so being able to fit that in

21:51 ↗ the footprint of the existing station um

21:54 ↗ it doesn't it doesn't fit um there's

21:58 ↗ previous concerns about water related

22:00 ↗ issues that haven't been addressed and

22:02 ↗ then the building envelope and the roof

22:04 ↗ structure are not designed to the new

22:06 ↗ energy codes um I think this station was

22:09 ↗ built in uh

22:11 ↗ 1970 so it's energy code is very

22:16 ↗ dated um so here are the two sites so on

22:20 ↗ the north um East you see the existing

22:23 ↗ Oldtown fire station and the lot is

22:26 ↗ about

22:27 ↗ 16,700 ft

22:29 ↗ um and then the city hall site um where

22:32 ↗ we are today is a combined lot with the

22:36 ↗ um back Park that back lot is 20 over

22:38 ↗ 20,000 square fet and that doesn't

22:40 ↗ include the square footage of the

22:45 ↗ alley um so some pros and cons of using

22:49 ↗ the existing site so it's a known

22:51 ↗ location um in the Target response area

22:54 ↗ and the it's a permitted use some of the

22:57 ↗ cons are the temporary facility

22:59 ↗ requirement um temporary facilities cost

23:02 ↗ a lot of money um we're not often as

23:04 ↗ lucky as samamish was um and so building

23:07 ↗ a temp facility is really difficult and

23:09 ↗ can be very expensive um minimum apron

23:13 ↗ de depth um it is close to the

23:15 ↗ intersection which can cause uh conflict

23:18 ↗ with responses um the parking and the

23:20 ↗ erass is on an adjacent property so it's

23:23 ↗ not on the exact the same property that

23:26 ↗ the building would be and then there

23:28 ↗ would be

23:29 ↗ uh for during construction there's no

23:31 ↗ lay down area since the site's so small

23:33 ↗ so it would impact the park um and the

23:36 ↗ surrounding properties during

23:40 ↗ construction um so then uh 135 Sunset

23:44 ↗ way or City Hall South we're looking at

23:46 ↗ a few pros and cons so the existing

23:48 ↗ station could remain opt operational

23:51 ↗ during construction so there would be no

23:52 ↗ temporary station required um it's in

23:55 ↗ with the it's within the target response

23:57 ↗ areas we saw saw earlier from the chief

24:00 ↗ um it can accommodate the drive-through

24:02 ↗ Baye and we can fit the um apparatus

24:05 ↗ links um it's a permitted use it

24:08 ↗ combines uh we can combined It's a

24:10 ↗ larger site than the existing site um

24:13 ↗ and then we talked about secure uh crew

24:16 ↗ parking um and then the cons is a

24:18 ↗ minimal apron depth that's typical for

24:21 ↗ all these sites and then um the future

24:24 ↗ use of the existing station would need

24:26 ↗ to be considered

24:29 ↗ um so then and like Andrea said this is

24:31 ↗ just a quick test of fit to see if we

24:33 ↗ can fit the program uh on this site we

24:37 ↗ developed this program a few years years

24:39 ↗ ago with the East Side Fire in the city

24:42 ↗ of isqua and so we've been using this

24:44 ↗ program to test different sites um as

24:47 ↗ they've come come come up and so this

24:50 ↗ site we're showing four Bays two

24:52 ↗ drivethru and two backends you can see

24:54 ↗ it the drive-thru comes off of the um

24:58 ↗ back alley and then you can and responds

25:01 ↗ off the east side or Sunset way sorry um

25:06 ↗ we're showing square footage to

25:08 ↗ accommodate nine sleeping rooms um the

25:11 ↗ apron size is very similar to what we

25:14 ↗ did what was done at Station

25:16 ↗ 72 and to fit this it would be a

25:18 ↗ three-story building and so the building

25:21 ↗ area um we're calculating is about 90 uh

25:25 ↗ 19,000 Square ft and that includes

25:27 ↗ that's the gross area um and includes uh

25:31 ↗ the program that we discussed

25:33 ↗ earlier let

25:35 ↗ see

25:39 ↗ o um and then I think there's a question

25:42 ↗ let me go back to this site plan there's

25:45 ↗ a question about um extending the drw or

25:50 ↗ extending the existing aprons to

25:54 ↗ accommodate uh the length of the new

25:57 ↗ engine and so to accommodate there's a

26:00 ↗ couple of things is both the length um

26:03 ↗ and the doors that are now standard for

26:05 ↗ East Side would so we're looking at

26:07 ↗ extending that out um probably about 10

26:10 ↗ ft and then it would be really difficult

26:13 ↗ to get into that back area of the to

26:15 ↗ drive through those

26:18 ↗ Bays thank

26:21 ↗ you are there any questions yes um go

26:25 ↗ ahead we'll start with council member

26:27 ↗ hunt

26:30 ↗ uh thank you on the um cons on the uh

26:36 ↗ 190 East Sunset way it says close to

26:39 ↗ intersection traffic conflict with

26:42 ↗ response um I'm wondering if we have

26:46 ↗ modeling or other ways of knowing about

26:49 ↗ how improved the proposed location is

26:52 ↗ it's very similar in location it's also

26:54 ↗ on the same street so I'm just wondering

26:57 ↗ how do we know that that would improve

26:59 ↗ the um or reduce the likelihood of uh

27:02 ↗ traffic

27:07 ↗ collision

27:09 ↗ um so if you can see um at the

27:14 ↗ intersection right in front of the bay

27:16 ↗ um for the existing um there's a area

27:21 ↗ for it to back up um it's a little bit

27:24 ↗ less likely on that south side but I

27:27 ↗ don't think we have any modeling for

27:30 ↗ that

27:36 ↗ go we don't have any modeling specific

27:39 ↗ other than just our historic practices

27:41 ↗ of backing the ladder truck into that

27:44 ↗ bay space so we're right near an

27:47 ↗ intersection where cars are turning at

27:50 ↗ least with this proposed site across the

27:52 ↗ street we further back which gives a

27:54 ↗ little bit more reaction time um and

27:57 ↗ then

27:58 ↗ the other benefit is that we would very

28:01 ↗ unlikely be backing into this station

28:03 ↗ because we would be able to drive

28:04 ↗ through so we'd be

28:06 ↗ eliminating uh the traffic Hazard that

28:08 ↗ we are creating today by backing the

28:10 ↗ ladder truck into the fire

28:14 ↗ station okay going down council member

28:17 ↗ Hall thank you I have two quick

28:19 ↗ questions so but there would two there

28:21 ↗ would still be two back in Bays with the

28:23 ↗ new facilties is that

28:25 ↗ correct yes in addition to the two

28:27 ↗ drive-thru

28:28 ↗ that's what we're showing on this Testa

28:30 ↗ a correct so is that common amongst um

28:33 ↗ stations in our service area to have

28:35 ↗ back in base how inconvenient is

28:37 ↗ that yeah our preferred uh bay

28:40 ↗ configuration is a drive-through Bay um

28:42 ↗ but there are also many cases where we

28:44 ↗ have drive-through Bays we end up

28:46 ↗ backing in anyway because we store a

28:49 ↗ reserve apparatus behind that so and

28:51 ↗ this configuration here those those

28:53 ↗ backend Bays would be likely allocated

28:56 ↗ for an aid unit or a ban Chief unit so a

28:58 ↗ much smaller apparatus that would be

29:00 ↗ able to very quickly and efficiently

29:02 ↗ back into those

29:03 ↗ spaces oh okay you know I hadn't thought

29:06 ↗ about that that's a point okay and then

29:08 ↗ for the existing site um when we talk

29:12 ↗ about substantial renovation we're

29:14 ↗ talking about I mean given all of that

29:16 ↗ given the scope of that that really

29:18 ↗ means a full tear down and Redevelopment

29:20 ↗ is that

29:22 ↗ right basically um maybe not a full tear

29:27 ↗ down but your going down to this

29:29 ↗ structure and you're reinforcing the

29:31 ↗ structure likely um going to the

29:34 ↗ footings um for seismic stuff so you

29:36 ↗ have to tie it all the way down so

29:38 ↗ there'll be some footing work um and

29:41 ↗ definitely going all the way to the

29:42 ↗ structure okay and then mechanical

29:45 ↗ electrical will get torn out and

29:47 ↗ replaced yep

29:50 ↗ thanks Deputy council

29:52 ↗ [Music]

29:54 ↗ president so when I'm looking at this uh

29:57 ↗ fit to

29:58 ↗ uh the the lot concept uh can you just

30:02 ↗ tell me we've got this lovely walkway

30:05 ↗ out here that connects downtown to the

30:08 ↗ Rainer Trail Etc um how much of that is

30:12 ↗ going to be gone if we use this

30:15 ↗ concept um that's a good question so

30:18 ↗ this is a quick test of it we would do

30:20 ↗ our very best to keep as much as

30:22 ↗ possible um the yellow area you see

30:24 ↗ right on the corner that's um the

30:27 ↗ intented is to put the very public area

30:30 ↗ right kind of there so it has a presence

30:34 ↗ um and then it kind of can tie into that

30:37 ↗ Park area

30:44 ↗ um and so it's we we would uh take a

30:47 ↗ deeper look at

30:49 ↗ it I I realize we're still in the

30:51 ↗ concept concept area this is yep yeah

30:56 ↗ all right thank you

30:59 ↗ any other questions before we move on to

31:01 ↗ the next

31:02 ↗ part oh one more one more sorry um so on

31:07 ↗ this uh I'm just thinking over and over

31:10 ↗ how we can

31:11 ↗ mitigate um the impact on traffic and

31:14 ↗ the congestion that's on Sunset already

31:17 ↗ um is there

31:19 ↗ any I'm just putting this out out there

31:21 ↗ is there any way that we could turn the

31:23 ↗ building around so that the trucks the

31:26 ↗ fire trucks go out a different way or

31:28 ↗ could we um

31:30 ↗ expand that Alleyway out there to

31:34 ↗ accommodate I'm just thinking um is

31:36 ↗ there a way that that the fire trucks

31:38 ↗ maybe just don't come out on Sunset they

31:41 ↗ they come out somewhere else you've

31:42 ↗ already thought of it all

31:45 ↗ right I would just add to that again

31:48 ↗ from our deployment model being closer

31:50 ↗ to an arterial which the sunset way is

31:53 ↗ it's quick access to I90 or Up Front

31:55 ↗ Street so by flipping it around there

31:58 ↗ would there would likely be you know a

32:00 ↗ several second impact maybe up to 15 to

32:02 ↗ 20 second impact on going out of the

32:05 ↗ station and having to either make two

32:07 ↗ rights or two lefts to get back onto

32:10 ↗ that

32:16 ↗ arterial okay I think we can move on to

32:19 ↗ the next

32:21 ↗ segment

32:23 ↗ great uh so moving on from the fire

32:26 ↗ station uh there were some some

32:28 ↗ questions from last time about bonding

32:31 ↗ and financing just as a reminder of the

32:34 ↗ things that the administration had

32:35 ↗ proposed at the April 29th meeting um

32:38 ↗ thought I'd go over quickly what the

32:40 ↗ proposals were uh so you can compare

32:43 ↗ numbers as we look at bellw and Mercer

32:45 ↗ Island Etc so as a reminder Capital

32:48 ↗ costs that we've estimated these are

32:50 ↗ rough order of magnitude estimates uh we

32:53 ↗ do anticipate the construction of fire

32:55 ↗ station of a new fire station to be $32

32:57 ↗ million

32:58 ↗ police renovation that includes seismic

33:00 ↗ retrofits Etc um for the for the police

33:04 ↗ station would be $15 million um for a

33:07 ↗ total of 47 million um we also as a

33:10 ↗ reminder discussed the possibility of

33:12 ↗ leasing for the uh City Hall offices and

33:16 ↗ Municipal Court tened improvements we

33:18 ↗ estimate at 4 million and rent um we've

33:20 ↗ estimated to be about a million a year

33:22 ↗ just to keep those numbers in mind as we

33:24 ↗ compare uh across other cities and other

33:28 ↗ um bonds that the city has done in the

33:30 ↗ past so again as a reminder how we would

33:33 ↗ fund these Capital facilities um for the

33:37 ↗ fire station and for ipd renovations

33:40 ↗ looking at about $3 million of Debt

33:42 ↗ Service annually if we were to do a

33:45 ↗ property tax for um imposed upon uh

33:50 ↗ isqua it would be about $26 for the

33:53 ↗ average home value of 1.2 $1.1 million

33:57 ↗ um so that Levy rate would increase from

34:00 ↗ what it is today at 74 that's 74 cents

34:04 ↗ per th000 of assessed value to 92 cents

34:09 ↗ per $1,000 of assessed value so just

34:11 ↗ keeping those numbers in mind as we move

34:14 ↗ forward and talk about examples from

34:15 ↗ other

34:17 ↗ cities so let's talk about Mercer Island

34:20 ↗ they did a levy Li lift in

34:21 ↗ 2012 um that uh was for $5.2 million and

34:26 ↗ they paid that debt off in 9 years so we

34:29 ↗ talked last time about how um Levy lid

34:33 ↗ lifts can only be used for Debt Service

34:36 ↗ per state law for n years and um for

34:40 ↗ $5.2 million they could cover that in

34:42 ↗ nine years um how was their fire station

34:45 ↗ only $5.2 million when we're estimating

34:47 ↗ $32 million just uh 12 years later well

34:53 ↗ their it was 12 years ago so costs have

34:56 ↗ changed uh their fire fire station was

34:59 ↗ 8,000 ft versus the 19,000 ft that we're

35:02 ↗ proposing for fire station 71 so it's

35:04 ↗ significantly smaller um I also believe

35:08 ↗ the build is a little different uh we

35:10 ↗ have a history of building for lead

35:12 ↗ platinum in isquad not every city does

35:14 ↗ that uh we also try to make sure that

35:17 ↗ our fire stations are built very quality

35:21 ↗ so that they can withstand things like

35:22 ↗ earthquakes and other emergencies so our

35:25 ↗ First Responders can be there for us

35:26 ↗ when we need them

35:28 ↗ um so those are some of the differences

35:30 ↗ in costs including of course it's been

35:32 ↗ 12 years and costs have escalated since

35:37 ↗ then um also Bellevue fires so in 2016

35:42 ↗ um bellw did a very large Levy lid lift

35:45 ↗ for a number of their fire facility

35:48 ↗ needs it was a 20-year lid lift their

35:50 ↗ rate increased from

35:54 ↗ .125 uh dollars so 12 and half cents of

35:59 ↗ um per $1,000 assessed value to a full

36:04 ↗ do25 um per assess value so was a big

36:09 ↗ increase uh that covered seismic

36:12 ↗ upgrades for various stations a new

36:14 ↗ downtown fire station upgrades to

36:17 ↗ existing fire stations as well as a

36:19 ↗ warehouse space for Logistics Center and

36:22 ↗ one important thing to note from the

36:24 ↗ language with this Levy lid lift is

36:26 ↗ there was language that said the Bell

36:28 ↗ City Council May allocate funding among

36:30 ↗ these categories and may revise these

36:33 ↗ categories and so that gave the B city

36:36 ↗ council a lot of flexibility within that

36:38 ↗ lead Levy lid lift um to pretty much

36:41 ↗ move around and reallocate money and as

36:44 ↗ we've looked into this a little further

36:47 ↗ um it seems as though they used some of

36:50 ↗ this money from the levy liift um and

36:53 ↗ also general fund dollars to help pay

36:56 ↗ down their Debt Service

36:58 ↗ their Debt Service was not paid down

37:00 ↗ within 9 years so that means they

37:02 ↗ shifted some of the funds from the

37:03 ↗ general fund to be able to pay uh back

37:06 ↗ their bonds so that's how bellie was

37:09 ↗ able to do this um any questions so far

37:12 ↗ about these

37:17 ↗ examples

37:18 ↗ okay great given that then uh I would

37:22 ↗ like to welcome Maggie Marshall uh who's

37:24 ↗ with us from pfm a financial advisor to

37:27 ↗ talk more about bonds our bond history

37:30 ↗ over time and show you those

37:37 ↗ comparisons short thank you for having

37:40 ↗ me um again Maggie Marshall I'm with pfm

37:43 ↗ financial advisers we are the city's

37:45 ↗ financial adviser Municipal advisor so

37:47 ↗ most of what we um work on is related to

37:50 ↗ debt and borrowing for capital projects

37:52 ↗ like this I'm going to try my best to

37:55 ↗ keep it pretty high level here and not

37:57 ↗ get too into the weeds I know there

37:59 ↗ there are some questions that might push

38:01 ↗ me that way but I will do my

38:04 ↗ best um so just to give you sort of a

38:08 ↗ brief overview of different types of

38:11 ↗ General obligation

38:13 ↗ debt it's essentially divided into two

38:16 ↗ categories voted or not voted um

38:19 ↗ unlimited tax General obligation bonds

38:22 ↗ are voted um they're payable from a new

38:26 ↗ excess property tax

38:28 ↗ um they're called unlimited because the

38:31 ↗ levy is set to whatever it takes to pay

38:34 ↗ debt service on those bonds um it can go

38:37 ↗ up or down or whatever it is needed to

38:40 ↗ to get that amount of debt service to

38:42 ↗ pay um on the amount amount

38:46 ↗ borrowed it requires a

38:48 ↗ 60% yes vote of the electorate um and

38:54 ↗ consumes you know there's I'll get into

38:57 ↗ debt capacity in a little bit here but

38:58 ↗ it consumes um two and or debt capacity

39:03 ↗ uh which is limited to 2 and a half% of

39:06 ↗ assessed value of the

39:11 ↗ city the other category non voted

39:15 ↗ General obligation debt sometimes called

39:17 ↗ Council manic debt or limited tax

39:19 ↗ General obligation debt um these are not

39:22 ↗ voted they can be paid from regular

39:26 ↗ property tax or other what they call

39:29 ↗ legally available funds so that could be

39:31 ↗ a variety of things it could be a voted

39:33 ↗ sales tax it's still considered a non-

39:35 ↗ voted Bond because it doesn't have that

39:38 ↗ specific property tax excess Levy um it

39:43 ↗ can be paid from Real Estate excise

39:45 ↗ taxes or a combination of of a variety

39:48 ↗ of

39:52 ↗ things it does require approval by city

39:55 ↗ council but again no no vote of the

39:56 ↗ electorate

40:00 ↗ all right so debt capacity is the next

40:04 ↗ topic

40:05 ↗ here a variety of different ways you can

40:08 ↗ look at debt capacity when we talk about

40:10 ↗ legal debt capacity it's based on a

40:13 ↗ percentage of the city's assessed

40:15 ↗ value and I I'm I want to address there

40:18 ↗ was a question in here why is the

40:21 ↗ 1687 billion number different on the on

40:26 ↗ the bottom half of the page that's a

40:27 ↗ typo it's

40:37 ↗ [Music]

40:42 ↗ 16.87% of the assessed value of the city

40:46 ↗ so that shakes out to roughly $240

40:50 ↗ million now whether or not the city can

40:54 ↗ actually afford to pay that service on

40:57 ↗ that amount of of debt is a totally

41:00 ↗ different story these are legal it's

41:03 ↗ it's the same for all cities across

41:05 ↗ across Washington 1 and a half% of um AV

41:08 ↗ for non- voted debt and 2 and a half% of

41:12 ↗ assessed value

41:14 ↗ for voted and non- voted added together

41:18 ↗ so in in the city's case that's over 400

41:21 ↗ million dollar in debt but again that's

41:24 ↗ looking at it through the perspective of

41:26 ↗ of legal debt capacity not necessarily

41:28 ↗ affordability or what you can what you

41:30 ↗ can take on based on the the cash

41:42 ↗ flows oh there we go

41:45 ↗ okay so there are some questions about

41:48 ↗ what does the city have outstanding now

41:50 ↗ what has it looked at like in the past

41:52 ↗ um here's where I'm going to try not to

41:54 ↗ get too far into the weeds of of details

41:57 ↗ but this chart you see on the bottom is

41:59 ↗ showing Debt Service so annual payments

42:01 ↗ on outstanding outstanding limited tax

42:04 ↗ General obligation

42:06 ↗ debt the sort of shaded portion there is

42:09 ↗ what was

42:11 ↗ paid on the bonds in the past so if you

42:14 ↗ go all the way back to

42:15 ↗ 2016 roughly $2.2 million annually was

42:20 ↗ paid on outstanding bonds at that

42:24 ↗ time Jump forward to 2024 and we're you

42:28 ↗ know under $1 million so that amount has

42:30 ↗ come down pretty significantly over the

42:32 ↗ past 8

42:34 ↗ years there was a question about why

42:37 ↗ does the amount increase from 2028 to

42:43 ↗ 2029 that is the effect of the city

42:47 ↗ prepaying a portion of one of its

42:51 ↗ outstanding series of bonds so those

42:54 ↗ dark blue bars at the bottom of the of

42:58 ↗ the chart those are bonds issued in 2019

43:02 ↗ for the bergsma property

43:04 ↗ acquisition in 2022 the city chose to

43:07 ↗ use cash on hand to prepay pay down a

43:11 ↗ portion of that

43:13 ↗ debt I won't go into a ton of detail

43:16 ↗ here but essentially the reason that

43:17 ↗ they chose that debt is it had the

43:19 ↗ highest interest rate um it also could

43:22 ↗ be prepaid that debt was placed with a

43:25 ↗ commercial bank that allowed the the

43:27 ↗ debt to be prepaid at any time without

43:29 ↗ any any

43:30 ↗ penalty um the 2020 Bond on the other

43:33 ↗ hand can't be prepaid until December of

43:37 ↗ this

43:39 ↗ year I'm going to pause there and see if

43:42 ↗ there are

43:46 ↗ questions I'm GNA keep going all

43:52 ↗ right okay so this is sort of an

43:56 ↗ expanded view of what we just were

43:57 ↗ looking at and I'm realizing now looking

44:00 ↗ at this page that I think the chart got

44:01 ↗ a little distorted when we um put it

44:04 ↗ into the full presentation there was a

44:06 ↗ question about what are the dotted lines

44:08 ↗ and they're a little bit off on this

44:09 ↗ chart the the intention of the dotted

44:11 ↗ lines was to show um

44:15 ↗ 2016 the annual Debt Service amount was

44:18 ↗ like I mentioned before you know 2.2 2.3

44:22 ↗ million um and then when we get out to

44:25 ↗ 2029 it'll be at $1.3 million so still

44:29 ↗ significantly less than it was back in

44:32 ↗ 2016

44:34 ↗ um but it will be up slightly from where

44:36 ↗ it is right

44:40 ↗ now and we can I can follow up with a a

44:43 ↗ corrected version of that chart if it

44:45 ↗ would be

44:49 ↗ helpful moving to unlimited tax General

44:53 ↗ obligation debt so this is voted these

44:55 ↗ are voted um GE

44:57 ↗ bonds City currently has three series

45:00 ↗ outstanding um similar concept to to the

45:04 ↗ previous slide on limited tax General

45:07 ↗ obligation bonds it's looking at what

45:09 ↗ was paid in the past compared to what is

45:12 ↗ being paid now and what does that look

45:13 ↗ like going forward into the future um

45:16 ↗ again you see Debt Service sort of

45:17 ↗ dropping off over

45:20 ↗ time there was a question

45:22 ↗ about why does The Debt Service on the

45:27 ↗ 2014 bonds go all the way out to

45:30 ↗ 2033 when the

45:33 ↗ 2017 bonds which is the Red Blocks gets

45:38 ↗ paid off earlier gets paid off in

45:41 ↗ 2026 um the reason for that is the bonds

45:45 ↗ that were issued in

45:46 ↗ 2017 were refinancing bonds that were

45:49 ↗ issued all the way back in 2005

45:51 ↗ 2006 so um generally the city has issued

45:55 ↗ its voted Geo debt on a 20-year term

45:58 ↗ basis so back in 2005 2006 those Bonds

46:02 ↗ were were 20-year

46:04 ↗ bonds and in 2014 also issued with a

46:08 ↗ 20-year term so those go out to

46:17 ↗ 2033

46:19 ↗ questions

46:20 ↗ comments okay we finally got one council

46:23 ↗ member Ray this is going to really easy

46:26 ↗ and and hard but hard at the same time

46:28 ↗ what's the prevailing rate for municipal

46:30 ↗ bonds right

46:32 ↗ now that is a good question um it

46:35 ↗ depends on the credit rating and the tax

46:38 ↗ status so assuming you were to issue on

46:40 ↗ a tax exempt basis the city has a very

46:43 ↗ high credit rating um that credit rating

46:47 ↗ in theory could be impacted if you took

46:49 ↗ on a lot of more more debt um off the

46:52 ↗ top of my head I would estimate a 20year

46:56 ↗ finance ing to be

46:58 ↗ somewhere hovering around

47:00 ↗ 4%

47:02 ↗ that's that's off the top of my head no

47:05 ↗ no I'm not going to hold you to it it

47:07 ↗ was it was such a fat thumb number

47:09 ↗ but particularly since I see some two

47:11 ↗ percenters here on the on the current

47:13 ↗ thing and I thought that didn't seem

47:14 ↗ very

47:15 ↗ likely I would agree that that it's

47:19 ↗ rates are certainly up from where they

47:20 ↗ were a couple years

47:21 ↗ ago and kudos to our finance team for

47:25 ↗ deciding to refund those those uh bonds

47:28 ↗ and get that nice rate uh Deputy council

47:31 ↗ president de Michelle yeah I I was

47:34 ↗ wondering that myself what is our bond

47:36 ↗ rating or credit rating um and who is it

47:39 ↗ through and explain that and then it

47:42 ↗ looks like we've done a pretty

47:43 ↗ conservative job in terms of taking on

47:47 ↗ debt and paying it off in timely fashion

47:50 ↗ I it looks like we have a pretty good

47:52 ↗ history of doing that yep um I believe

47:56 ↗ the city is rated by

47:58 ↗ S&P and

48:01 ↗ AAA I don't know the last time that S&P

48:04 ↗ reviewed the city's rating I think it's

48:06 ↗ been a little while the past few series

48:09 ↗ of bonds that were issued were done um

48:11 ↗ with commercial Banks so they didn't

48:13 ↗ require a rating um but if the city were

48:16 ↗ to you know go and issue a significant

48:18 ↗ amount of debt that would likely be done

48:20 ↗ through a public Bond offering and

48:22 ↗ require um a rating from from S&P or or

48:25 ↗ from Moody

48:32 ↗ I'll ask a question um

48:35 ↗ so do we have any information about what

48:38 ↗ our combined debt services for the ltgo

48:43 ↗ and the

48:44 ↗ utgo um and kind of what it's been

48:48 ↗ historically maybe more years because I

48:50 ↗ think I got a CH emailed to me that

48:54 ↗ showed combined back to 2022 which was

48:58 ↗ much higher

48:59 ↗ so you know what that looks

49:06 ↗ like council president Walsh we can

49:08 ↗ provide that information as a follow-up

49:10 ↗ to this

49:11 ↗ meeting fantastic yeah as uh Deputy

49:15 ↗ council president de Michelle said it

49:17 ↗ looks like we're going down quite um

49:20 ↗ significantly so if we're just judging

49:23 ↗ you know how much more that is from

49:26 ↗ today's period versus maybe five or 10

49:29 ↗ years ago when we had um more debt and

49:32 ↗ adequately paid it down I think that

49:34 ↗ would be

49:35 ↗ useful so any other questions on the

49:39 ↗ financing portion before we go to kind

49:42 ↗ of next steps and question

49:46 ↗ feedback nope okay turn it back over to

49:54 ↗ Andrea great so next steps

49:57 ↗ um we have as I mentioned before this

49:59 ↗ isn't the last time we're going to talk

50:01 ↗ to you and provide information uh

50:04 ↗ regarding our facility proposals uh so

50:07 ↗ we

50:08 ↗ have um looking ahead June 10th uh look

50:13 ↗ taking a tour of our existing facilities

50:15 ↗ we'll go to fire station 71 uh the

50:18 ↗ police station as well as uh tour this

50:22 ↗ building and talk to some of the staff

50:23 ↗ who work out of each of these facilities

50:26 ↗ so Council can get a feel for how those

50:28 ↗ facilities are functioning today and

50:31 ↗ then uh we're also examining uh

50:34 ↗ potential date of July 15th for a tour

50:37 ↗ of other fire police and Court

50:39 ↗ facilities so you can see what modern

50:41 ↗ facilities are that are more built to

50:43 ↗ suit for the purposes that they house

50:46 ↗ and the differences between our existing

50:48 ↗ facilities and um other facilities that

50:51 ↗ are again more built to suit and up to

50:52 ↗ more modern standards than what we have

50:55 ↗ today July 16th the very next day uh

50:59 ↗ we'll have a discussion about what

51:01 ↗ council learned follow up on the

51:03 ↗ remainder of the information that you

51:05 ↗ requested at the April 29th meeting um

51:08 ↗ and we'd also be seeking Direction on uh

51:11 ↗ Capital financing and council's

51:13 ↗ preferences for how we could

51:15 ↗ proceed July 27th then is the city

51:18 ↗ council Retreat that's a discussion of

51:19 ↗ council's priorities for the 2025 and

51:22 ↗ 2026 budget so um we anticipate this

51:26 ↗ topic coming up because of course it's a

51:28 ↗ lot of money that we're talking about

51:30 ↗ and a lot of changes to our facilities

51:32 ↗ and so we wanted to have a series of

51:35 ↗ conversations and provide a lot of

51:36 ↗ information to best prepare Council for

51:39 ↗ that Retreat meeting and those

51:42 ↗ discussions as we zoom out next steps

51:45 ↗ overall and looking at our facility

51:47 ↗ needs and how we can meet those needs um

51:50 ↗ we would uh if we get direction from

51:52 ↗ Council um we would like to engage in

51:55 ↗ community engagement um probably via a

51:57 ↗ task force in Fall of 2024 that task

52:01 ↗ force would help inform on what that

52:03 ↗ public engagement process should look

52:05 ↗ like what information should we be

52:07 ↗ providing the public and how should we

52:09 ↗ be providing it moving forward um we

52:12 ↗ would also look to move Municipal Court

52:15 ↗ uh in late 2024 early 2025 we believe

52:19 ↗ that we can uh work out a lease

52:22 ↗ Arrangement should Council provide us

52:23 ↗ the direction to do so with the King

52:25 ↗ County District Court um and we have an

52:29 ↗ interest in moving that Court uh

52:30 ↗ facility as soon as possible because of

52:32 ↗ all the deficiencies we've mentioned and

52:34 ↗ we'll talk about that a lot more in the

52:35 ↗ next

52:37 ↗ tour um then uh potentially again if

52:42 ↗ Council approves this we would look at

52:43 ↗ putting the bond on the ballot at

52:45 ↗ sometime in 2025 we need to have a lot

52:48 ↗ more discussions about when that could

52:50 ↗ be um I know that there's an interest in

52:53 ↗ assessing the um isqua tax prepare a

52:57 ↗ support for such an initiative uh so we

53:00 ↗ would need to prepare for that for

53:04 ↗ 2025 um then we'd look at moving City

53:06 ↗ Hall offices also in 2025 trying to

53:09 ↗ secure a lease as we've proposed and um

53:14 ↗ so that we can make way for the needed

53:16 ↗ renovations to the police station and

53:19 ↗ make room for them uh because they do

53:21 ↗ have significant needs for facility and

53:23 ↗ space and so we would move forward with

53:25 ↗ those Renovations likely 2026 so that's

53:28 ↗ kind of a zoom out um pending Council

53:30 ↗ direction of

53:31 ↗ course and at this point I welcome any

53:34 ↗ questions that you

53:37 ↗ have I'm just going to start with one

53:40 ↗ question because it relates to those

53:42 ↗ next steps approximately when would if

53:46 ↗ we approved the idea of going forward

53:48 ↗ with a bond would we be looking at a

53:52 ↗ build of a fire

53:55 ↗ station yeah yes thank you that's not on

53:57 ↗ here and it should be um the fire

54:00 ↗ station we would need to still do some

54:01 ↗ Community engagement on design there's a

54:03 ↗ lot more that we would need to do uh to

54:06 ↗ finalize those plans so um pending

54:09 ↗ Council direction we would get that

54:10 ↗ started in 2020 five and then look at

54:14 ↗ you know permitting uh Etc once we've

54:17 ↗ finalized the design done some Community

54:19 ↗ engagement to help inform that design um

54:22 ↗ that construction uh would could begin

54:25 ↗ uh once the court moves perhaps that's

54:28 ↗ uh

54:29 ↗ 2026 after we secure permits

54:34 ↗ Etc thank you everyone for letting me

54:36 ↗ just add in my little question there I

54:38 ↗ know I always go last um okay so at this

54:42 ↗ point we're basically asking questions

54:45 ↗ and then um we'll get to feedback um

54:48 ↗ after I'll leave a moment there for uh

54:52 ↗ public comment in case we have any so

54:54 ↗ starting with questions Council

54:57 ↗ hun thank you uh would it be possible to

55:00 ↗ get an estimate it could be a ballpark

55:02 ↗ estimate but a cost estimate for the

55:05 ↗ option of redoing or renovating the

55:09 ↗ existing fire

55:13 ↗ station uh yes we can do that we're not

55:15 ↗ prepared with that information today but

55:17 ↗ we can we can provide that for council

55:20 ↗ at a future date okay I think that would

55:22 ↗ be important to know um in terms of the

55:25 ↗ pros and cons right now doesn't have

55:27 ↗ that in both

55:34 ↗ thanks council member Ray thanks I don't

55:37 ↗ know if this is

55:39 ↗ um um a fair question but I'm asking

55:41 ↗ anyway um what's our what's our fallback

55:44 ↗ plan um since we're we're kind of

55:47 ↗ rolling the dice not rolling the dice

55:48 ↗ but there's some uncertainty around um a

55:51 ↗ a bond um and we've we've outlined a lot

55:55 ↗ of significant

55:56 ↗ problems with both the police station

55:58 ↗ and fire station what's what's the

56:01 ↗ thinking around um a fall back if that

56:05 ↗ shouldn't

56:10 ↗ happen well I think as you've seen uh

56:13 ↗ council member Ray members of the

56:15 ↗ council good evening um we have a lot of

56:17 ↗ debt capacity so it's just a matter of

56:20 ↗ the ability to pay so uh if the voters

56:23 ↗ chose that this was not made sense we

56:26 ↗ would look at creating capacity uh for

56:28 ↗ cmatic debt and in order to do that

56:31 ↗ would be require significant reductions

56:33 ↗ to ongoing

56:38 ↗ operation thanks that was an option I

56:41 ↗ didn't think you didn't think of

56:44 ↗ okay council member Joe thank you Deputy

56:48 ↗ Administrator Snyder uh we we in the

56:51 ↗ emails that went around last day or so

56:53 ↗ we talked about the fact that because we

56:55 ↗ own this property um it lowers the cost

56:58 ↗ of the moving the fire station here um

57:01 ↗ would you be able to give us an estimate

57:03 ↗ of perhaps if we did acquire did want to

57:05 ↗ acquire a piece of property given the

57:07 ↗ size dimensions and the the capacity

57:10 ↗ that we need could we get an estimate of

57:11 ↗ how much more that would bump up the

57:13 ↗ cost of of a a fire station uh yes I

57:18 ↗ mean quick estimate might be another 10

57:21 ↗ to 12 million in cost of course it

57:23 ↗ depends on the property uh the size of

57:25 ↗ the property

57:26 ↗ and um and uh how how our negotiations

57:31 ↗ could go with the seller of course there

57:34 ↗ are no uh properties uh within the

57:37 ↗ immediate vicinity of front and Gilman

57:39 ↗ that are currently for sale and so we

57:41 ↗ would need to um consider what those

57:44 ↗ costs would be as we would try to

57:45 ↗ negotiate something and that was going

57:47 ↗ to be my next question that um given the

57:50 ↗ information that was given to us by

57:52 ↗ Chief Lane in terms of when the best

57:54 ↗ response times happen in positioning of

57:57 ↗ stations uh basically uh it comes down

58:00 ↗ to they're in that area that we'd want

58:03 ↗ to situate or locate a station we're not

58:06 ↗ necessarily necessarily seeing any

58:08 ↗ properties that would be open for us to

58:10 ↗ take on and

58:13 ↗ develop that's that's mostly accurate uh

58:17 ↗ we are aware that Liberty Park um office

58:21 ↗ uh Park is for for sale it's um at the

58:26 ↗ end of Gilman there it's somewhat within

58:29 ↗ that vicinity um it's a lot larger than

58:32 ↗ what we would need for justifier station

58:35 ↗ and it's a pretty expensive property and

58:37 ↗ so given that um and those costs the

58:40 ↗ additional

58:41 ↗ costs we the administration's not

58:44 ↗ recommending that option at this time

58:45 ↗ because we don't see um a significant

58:49 ↗ return or benefit to the response times

58:51 ↗ for that added

58:53 ↗ expense okay thank you very much

59:01 ↗ going to continue down this Lane of uh

59:04 ↗ unfair questions and potential

59:06 ↗ locations this building that we are

59:08 ↗ currently in used to be a fire station

59:12 ↗ would it be at all possible to use it as

59:15 ↗ a temporary location and tear down

59:19 ↗ across the street and rebuild

59:22 ↗ there I think that we would need to look

59:25 ↗ into that a little bit more um it would

59:28 ↗ still require an extensive amount of

59:30 ↗ renovations to operate the apparatus out

59:33 ↗ of this building um and I think that we

59:36 ↗ would be facing the same safety concerns

59:39 ↗ or perhaps more safety concerns that

59:41 ↗ were cited earlier when it comes to um

59:44 ↗ exhaust and mixing with other spaces so

59:47 ↗ I think I think that might be more

59:50 ↗ expensive in the end but we would need

59:52 ↗ to we would need to look into that to

59:54 ↗ set up a temporary facility here here

59:56 ↗ yeah that was more of just an unfair

59:58 ↗ question of uh you know it it does have

1:00:02 ↗ a history there but um council member

1:00:05 ↗ Hull thanks um two quick ones um I just

1:00:09 ↗ want to say I agree with uh Deputy

1:00:11 ↗ council president Michelle um that the

1:00:13 ↗ space out here is a really great

1:00:15 ↗ connector um but I'm actually just

1:00:17 ↗ curious I mean parking space out here

1:00:19 ↗ all is all RightWay City RightWay right

1:00:21 ↗ we could I mean we haven't anticipated

1:00:23 ↗ this we're not opposing this but it

1:00:26 ↗ could be used in the event we needed

1:00:27 ↗ more space is that

1:00:29 ↗ correct we would need to go through a

1:00:31 ↗ process of vacating some of the right of

1:00:33 ↗ way to turn it into real property to be

1:00:35 ↗ developed but we would have that

1:00:37 ↗ flexibility and I think you know an

1:00:39 ↗ important part of this is that there's a

1:00:41 ↗ lot more Community engagement public

1:00:43 ↗ engagement that we'd want to do around a

1:00:44 ↗ fire station um to as we finalize the

1:00:48 ↗ design and how that site would fit

1:00:51 ↗ within the greater context of the

1:00:52 ↗ neighborhood so there's there is a lot

1:00:54 ↗ more work that we need to do definitely

1:00:56 ↗ but it is a path that would be available

1:00:59 ↗ to us if we wanted to go a difficult

1:01:00 ↗ path but a path that if we wanted to yes

1:01:03 ↗ okay um and then second question doesn't

1:01:06 ↗ need to be answered tonight it's just

1:01:07 ↗ because I'm a little bit of a finance

1:01:09 ↗ nerd but would like to know um how our

1:01:12 ↗ debt pass or how our um debt is

1:01:14 ↗ structured if we're just using level

1:01:16 ↗ Debt Service or if we have some sort of

1:01:18 ↗ structures there if that can just be a

1:01:26 ↗ um we we can get more specific

1:01:29 ↗ information but um as my understanding

1:01:32 ↗ it's it's a

1:01:37 ↗ mix anyone else want to geek out about

1:01:40 ↗ locations or Finance

1:01:43 ↗ structures I think we're okay council

1:01:46 ↗ member Joe I just had another Court

1:01:49 ↗ related question I know they've been

1:01:50 ↗ involved in the conversations do they

1:01:52 ↗ have a

1:01:54 ↗ preferred um alternative are they in

1:01:57 ↗ other words okay with moving to the the

1:02:00 ↗ district court building it it is a nice

1:02:02 ↗ facility but I still want to take their

1:02:04 ↗ concerns into

1:02:06 ↗ account thank you council member Joe uh

1:02:08 ↗ our court staff are very excited at the

1:02:11 ↗ prospect of moving to the King County

1:02:13 ↗ District Court once they took a tour of

1:02:15 ↗ that facility uh the eyes grew wide like

1:02:18 ↗ seeing a Christmas tree on Christmas

1:02:20 ↗ morning um it's just it's built for

1:02:23 ↗ those for that purpose and that's just

1:02:25 ↗ not not what we're functioning out of

1:02:27 ↗ today and so um I think that they're

1:02:29 ↗ very excited at the prospect of being

1:02:32 ↗ able to locate in King County District

1:02:33 ↗ Court and it provides some efficiencies

1:02:36 ↗ as well for court uh

1:02:38 ↗ patrons I suspected that' be the answer

1:02:41 ↗ but certainly thank you for that

1:02:46 ↗ information okay I'm seeing questions

1:02:49 ↗ slow down so I think I'm going to take a

1:02:52 ↗ break for public comment and then we can

1:02:53 ↗ get back into feedback

1:02:56 ↗ um so there is no one in the room uh

1:03:00 ↗ clerk can we ask um there anyone online

1:03:06 ↗ yeah we have two members of the public

1:03:07 ↗ with us online so I'm going to monitor

1:03:09 ↗ for a minute to see if either of them

1:03:11 ↗ want to raise their hand y you can so I

1:03:14 ↗ assume they're not on the phone but if

1:03:16 ↗ somebody was star three you can press

1:03:18 ↗ the raise hand icon you can send the

1:03:20 ↗ host a chat message um if you want to

1:03:23 ↗ make comments on this item we would love

1:03:26 ↗ to have

1:03:27 ↗ it all right I'm not seeing either

1:03:30 ↗ indicated desire to speak okay fantastic

1:03:34 ↗ well then I will go back to the council

1:03:37 ↗ um as the administration said we're not

1:03:40 ↗ looking for any direction just a

1:03:43 ↗ general what are your concerns comments

1:03:47 ↗ thoughts that you want to share starting

1:03:49 ↗ with Deputy council president D Melle

1:03:51 ↗ good thank you um okay so just some some

1:03:55 ↗ random thoughts uh first of all we have

1:03:57 ↗ a really good story to tell uh in terms

1:04:01 ↗ of how we have managed bonds and uh

1:04:04 ↗ repayment of bonds in the past and I

1:04:06 ↗ think this is an important part as we're

1:04:08 ↗ developing our Communications around

1:04:11 ↗ this project we really need to include

1:04:13 ↗ that because the triaa bond rating says

1:04:17 ↗ this is a responsible organization

1:04:19 ↗ that's done a really good job of

1:04:20 ↗ managing the taxpayers money so uh let's

1:04:24 ↗ be sure that we tell that story as part

1:04:26 ↗ of our

1:04:28 ↗ Communications um I'm feeling a lot more

1:04:30 ↗ comfortable with the amount of

1:04:32 ↗ information we got tonight thanks to

1:04:34 ↗ everybody who worked on that I this is

1:04:36 ↗ exactly what I was looking for in terms

1:04:38 ↗ of understanding what response times

1:04:41 ↗ mean and uh the work that's been done in

1:04:44 ↗ thinking out not only this site but

1:04:46 ↗ other sites so I appreciate the

1:04:49 ↗ information we receiv received tonight

1:04:51 ↗ I'm going to admit that I'm still not

1:04:53 ↗ totally comfortable with this site and

1:04:56 ↗ um I still need to understand what

1:05:00 ↗ improvements we're getting for a major

1:05:02 ↗ investment of tax dollars um you know it

1:05:06 ↗ it's just as other people have said it

1:05:09 ↗ we're still facing congestion on this

1:05:12 ↗ street we're still facing the fact that

1:05:14 ↗ we're close to um lights and um yeah it

1:05:19 ↗ just uh I just am not feeling

1:05:21 ↗ comfortable with it so what that means

1:05:23 ↗ is I'm going to continue to ask

1:05:24 ↗ questions about other sites and other

1:05:27 ↗ plans and and I so I'll just be uh a

1:05:30 ↗ little um bosquito in this project um

1:05:36 ↗ when we talk about the consequences if

1:05:38 ↗ we don't do it I think we have to put

1:05:40 ↗ those consequences

1:05:41 ↗ into what does that mean for our

1:05:44 ↗ community not you know what does it mean

1:05:46 ↗ for the council in terms of well we'll

1:05:49 ↗ maybe we'll go to council manic bonds I

1:05:51 ↗ think we have to talk uh if we are if

1:05:55 ↗ we're out talking to the public and we

1:05:57 ↗ want them to votee for a bond they have

1:05:58 ↗ to know exactly what it's going to mean

1:06:00 ↗ for them if it doesn't pass and so I

1:06:03 ↗ think we've got to start making that

1:06:05 ↗ list uh what does this mean to you um in

1:06:08 ↗ terms of Public Safety uh your own

1:06:11 ↗ personal interactions with e fire and

1:06:14 ↗ rescue and so forth so let's start

1:06:16 ↗ thinking about that how will it impact

1:06:18 ↗ the people in this area how it will

1:06:21 ↗ impact the people who are receiving the

1:06:23 ↗ services from East Side uh fire and

1:06:25 ↗ rescue and then I want to agree with

1:06:28 ↗ council member Joe um I want to know

1:06:31 ↗ what it would cost us if we decide we

1:06:33 ↗ don't want this site what what more will

1:06:36 ↗ it cost us and uh what are some other

1:06:39 ↗ properties that we might be looking at

1:06:40 ↗ and what would the process be for

1:06:43 ↗ getting those and I know that's a really

1:06:46 ↗ difficult conversation that we might

1:06:48 ↗ have but I will reiterate what I said

1:06:51 ↗ last time this is a 100-year decision

1:06:53 ↗ we're going to be stuck with this site

1:06:56 ↗ or whatever site we decide on we're

1:06:57 ↗ going to be stuck with it for a long

1:06:59 ↗ long time and I don't want to make a

1:07:02 ↗ mistake and have people 20 25 years from

1:07:05 ↗ now regretting what we've done so those

1:07:09 ↗ are my comments thank you very

1:07:13 ↗ much come through

1:07:17 ↗ next and I'll jump at once council

1:07:20 ↗ member hunt thank you for the

1:07:22 ↗ information on the response times and

1:07:25 ↗ the um the bond uh history and the

1:07:29 ↗ paying down of the bonds I agree with um

1:07:32 ↗ Council Deputy president the Michelle

1:07:34 ↗ about the the story of repaying um our

1:07:38 ↗ debt and that that's um important as

1:07:41 ↗ well as our uh AAA Bond rating um where

1:07:46 ↗ I still need more information is the

1:07:49 ↗ cost especially of any alternatives

1:07:51 ↗ including the cost of the of renovating

1:07:54 ↗ the existing station for the fire

1:07:57 ↗ station so one of the drawbacks that's

1:07:59 ↗ listed here um for renovating that site

1:08:02 ↗ is that a temporary facility would be

1:08:05 ↗ required and that would cost money um

1:08:07 ↗ but similarly we are requiring uh $4

1:08:11 ↗ million of tenant improvements for the

1:08:13 ↗ relocation of the services in this

1:08:15 ↗ building and so I I think those are some

1:08:18 ↗ missing pieces what would the temporary

1:08:21 ↗ facility cost what does that renovation

1:08:23 ↗ cost and then we can um make the case

1:08:26 ↗ more clearly for why this is not only a

1:08:30 ↗ good uh a good location for the response

1:08:34 ↗ times and for the really important

1:08:35 ↗ benefit that provides to the community

1:08:37 ↗ but also for cost Effectiveness so

1:08:39 ↗ that's really the piece that is missing

1:08:40 ↗ to me the cost of any alternatives

1:08:42 ↗ including the one that has been

1:08:47 ↗ identified Council Berber Hall I think

1:08:50 ↗ all good questions that have been

1:08:52 ↗ brought up I think I feel a bit more

1:08:54 ↗ confident in this site where we are

1:08:56 ↗ right now for the next fire station um I

1:09:00 ↗ I think especially if our goal is to

1:09:01 ↗ find a place where um the most amount of

1:09:05 ↗ growth is going to happen in isqua we're

1:09:06 ↗ going to run into a lot of these

1:09:08 ↗ problems anywhere in the urban cor so or

1:09:10 ↗ or just kind of near the urban Corp

1:09:12 ↗ anyway so I I think that I'm almost sold

1:09:15 ↗ that this is the right site I think

1:09:17 ↗ we're asking the right questions though

1:09:18 ↗ and we should definitely get answers to

1:09:19 ↗ those um and then I also just wanted to

1:09:22 ↗ say as for kind of the leasing costs and

1:09:24 ↗ stuff like that I continue to be

1:09:26 ↗ um uh worried that we don't have kind of

1:09:29 ↗ a long-term plan post this fund of money

1:09:33 ↗ for paying leasing costs but I also

1:09:35 ↗ don't see an alternative it feels to me

1:09:37 ↗ like like we have to jump um and Lease

1:09:41 ↗ space and be very creative around um

1:09:45 ↗ what are the what's the funding going to

1:09:47 ↗ look like in the future um or even we

1:09:50 ↗ were talking about this earlier or even

1:09:52 ↗ just um you know there are alternatives

1:09:55 ↗ that we can look at worst case scenarios

1:09:57 ↗ where we're working remotely I mean this

1:09:58 ↗ whole new world is has has opened before

1:10:01 ↗ us where cities can work completely

1:10:03 ↗ remotely if they wanted to at least

1:10:04 ↗ General government so um it would be

1:10:07 ↗ good to kind of understand how we should

1:10:08 ↗ be thinking about that long term as well

1:10:10 ↗ I'm

1:10:19 ↗ just okay we have two abstaining so I'll

1:10:23 ↗ just uh jump in with my comments um I

1:10:26 ↗ think a lot of the same ideas that

1:10:30 ↗ you've heard I appreciate all of the

1:10:32 ↗ information I think it gives me more

1:10:34 ↗ confidence in moving forward I

1:10:40 ↗ personally I personally don't have a

1:10:42 ↗ problem with this

1:10:44 ↗ location for a fire station I do have a

1:10:48 ↗ problem with knocking down houses for a

1:10:53 ↗ parking lot um that just really hits me

1:10:58 ↗ the wrong way um especially when our

1:11:01 ↗ fire station is currently using secured

1:11:04 ↗ parking across the way I also uh am not

1:11:09 ↗ necessarily sold on the idea of it

1:11:12 ↗ having to be secured parking um and

1:11:17 ↗ could certainly see other ways of

1:11:20 ↗ utilizing that space that has um

1:11:23 ↗ Community benefit

1:11:26 ↗ I'm going to throw out two really weird

1:11:29 ↗ ideas here but uh looking at our

1:11:34 ↗ community center lawn or the um park

1:11:40 ↗ across the street um and somehow

1:11:43 ↗ utilizing those spaces I the problem I

1:11:47 ↗ have with this location for a fire

1:11:50 ↗ station is it just feels like it's

1:11:53 ↗ shoved in

1:11:56 ↗ to a space because we own

1:11:59 ↗ it and I think when we're thinking about

1:12:02 ↗ something for a 50 or 100 Year idea and

1:12:07 ↗ we're thinking about what are the best

1:12:10 ↗ things for um traffic and Community use

1:12:14 ↗ and just all of these things I just want

1:12:18 ↗ to make sure we're

1:12:19 ↗ making the right decision and not just

1:12:24 ↗ the decision that might kind of fit the

1:12:26 ↗ land that we

1:12:27 ↗ have um I really appreciate us as a

1:12:30 ↗ community I mean I don't think the

1:12:34 ↗ community members really

1:12:37 ↗ understand

1:12:39 ↗ how how much we have reused our

1:12:42 ↗ buildings noting that we are sitting in

1:12:46 ↗ a former fire station um that has not

1:12:49 ↗ been rehabed in quite a while um and

1:12:52 ↗ also use it for our court

1:12:56 ↗ so I I think that's an important portion

1:12:58 ↗ to tell I just want to make sure that if

1:13:01 ↗ we're going to make a decision for a

1:13:04 ↗ long-term property use that we're really

1:13:08 ↗ taking into account all possible options

1:13:12 ↗ um because we do have other properties

1:13:15 ↗ around the

1:13:16 ↗ area uh that I'd also want to make sure

1:13:20 ↗ that we've evaluated all of our other

1:13:22 ↗ facilities um that maybe we're

1:13:24 ↗ underutilizing Iz

1:13:26 ↗ in and

1:13:28 ↗ such um okay so again turning back any

1:13:34 ↗ other commentary things that you want to

1:13:37 ↗ know before these next tours or meetings

1:13:41 ↗ obviously you can always email in other

1:13:47 ↗ questions yep council member

1:13:49 ↗ hunt um so when you in your remarks just

1:13:52 ↗ now when you were mentioning the the

1:13:55 ↗ area with the parking lot I was trying

1:13:56 ↗ to look but that is currently City owned

1:14:00 ↗ and used for the Human Services is that

1:14:02 ↗ right so that it is I just wanted to

1:14:03 ↗ clarify it's not currently it's a house

1:14:05 ↗ but it's not currently used for housing

1:14:06 ↗ yes yes you're absolutely right it is a

1:14:09 ↗ house that is not used for housing and

1:14:11 ↗ is and is also owned by the yes yes not

1:14:14 ↗ somebody's house okay just want to

1:14:16 ↗ clarify that correct you're very good

1:14:18 ↗ clarification we are not looking to take

1:14:21 ↗ anyone's home or anything for me it's

1:14:23 ↗ just the visual of putting up um another

1:14:27 ↗ parking lot and putting it on an area

1:14:31 ↗ that had um a facility on it and also is

1:14:35 ↗ right next to a bunch of parking and a

1:14:39 ↗ beautiful Trail

1:14:40 ↗ so uh so I guess I will go to the

1:14:44 ↗ administration you guys have everything

1:14:46 ↗ you

1:14:47 ↗ need we do thank you

1:14:51 ↗ Council fantastic thanks everyone so

1:14:55 ↗ looking back at our agenda we have one

1:14:58 ↗ more item on our agenda which is Comm

1:15:02 ↗ 0028 the 2023 year end and first quarter

1:15:06 ↗ 2024 financial report presented by Susie

1:15:10 ↗ monel budget manager but I see Andrea

1:15:13 ↗ Snider still standing up

1:15:16 ↗ there yes not rid of me just yet um as

1:15:19 ↗ Susie is preparing to share her

1:15:21 ↗ presentation I just wanted to give a few

1:15:23 ↗ remarks in advance uh this is the first

1:15:26 ↗ endof year report we have for our new

1:15:28 ↗ banum budget and so um we're done with

1:15:32 ↗ year one of our two-year budget and

1:15:34 ↗ we're moving into year two and it

1:15:37 ↗ changes how we think about our budget a

1:15:39 ↗ little bit and um we want to of course

1:15:41 ↗ ensure we're managing the funds

1:15:43 ↗ appropriately and um it's a little

1:15:45 ↗ different with a two-year budget and so

1:15:47 ↗ as we move into this report uh that

1:15:50 ↗ Susie is preparing to give um if you

1:15:53 ↗ need additional information

1:15:55 ↗ about the year end or the first quarter

1:15:58 ↗ uh definitely let us know we'll perfect

1:16:00 ↗ these types of reports over time with

1:16:02 ↗ the ban budget um I also just want to

1:16:05 ↗ provide a high level summary of the

1:16:07 ↗ information that Susie is about to share

1:16:09 ↗ um in summary we're ending the year

1:16:11 ↗ really well our forecasts for Revenue

1:16:14 ↗ have been fairly accurate with a few

1:16:17 ↗ small exceptions our expenditures also

1:16:20 ↗ appear to be 97% of what we had

1:16:22 ↗ forecasted um so overall big picture

1:16:25 ↗ 2023 was pretty much as we had expected

1:16:27 ↗ it to be that's good news um as we look

1:16:30 ↗ into 2024 the first quar of revenues are

1:16:34 ↗ down from our budget forecast especially

1:16:36 ↗ in in construction sales tax um we're

1:16:39 ↗ going to keep a close eye on this of

1:16:41 ↗ course and while your Finance staff are

1:16:44 ↗ always very concerned and cautious when

1:16:47 ↗ it comes to revenues we're not sending

1:16:49 ↗ any alarm Bells just yet so um we

1:16:55 ↗ we we're going to keep an eye on it but

1:16:57 ↗ um no no terrible sky is falling bad

1:17:00 ↗ news today um so as uh that's the

1:17:04 ↗ general overview of uh Susie's

1:17:07 ↗ presentation I'd like to invite her up

1:17:09 ↗ so she can give you the details and

1:17:17 ↗ specifics also

1:17:19 ↗ short okay thank

1:17:22 ↗ you um so as Andrea mentioned we are

1:17:26 ↗ here to give the overview of the 2023

1:17:29 ↗ yearend financial review as well as a

1:17:32 ↗ sneak peek of the first quarter of 2024

1:17:35 ↗ so the direction or feedback requested

1:17:38 ↗ from Council um is really any thoughts

1:17:41 ↗ concerns that you have at this point in

1:17:43 ↗ time we will be back many times before

1:17:46 ↗ the end of the year for the various

1:17:48 ↗ stages of the 2526 budget but for where

1:17:51 ↗ we currently are um uh for realizing now

1:17:56 ↗ that these look like books um so 2023

1:17:59 ↗ and 2024 we are currently in the middle

1:18:02 ↗ of our first banial budget through March

1:18:05 ↗ which is the actuals that we have

1:18:06 ↗ through q1 um that represents about 63%

1:18:10 ↗ of the full bium and our proposed 2526

1:18:14 ↗ budget is coming this summer will be

1:18:16 ↗ transmitted in

1:18:18 ↗ September so diving into our year-end

1:18:21 ↗ summary um the highest of high level

1:18:24 ↗ summaries um we have focusing on the

1:18:26 ↗ general fund I should note this

1:18:28 ↗ presentation primarily focuses on the

1:18:30 ↗ general fund with a uh little bit of

1:18:33 ↗ Reit thrown in um but uh one of the

1:18:37 ↗ attachments to the packet was the

1:18:39 ↗ updated All City funds um for where we

1:18:42 ↗ ended

1:18:43 ↗ 2023 um so as a reminder the last um

1:18:48 ↗ forecast that we provided to the council

1:18:50 ↗ was in November of last year that looked

1:18:53 ↗ at where we believed at that point in

1:18:55 ↗ time we would end

1:18:56 ↗ 23 um as well as we did take a a Peak at

1:19:00 ↗ 2024 um so if we compare where we ended

1:19:03 ↗ 23 with that forecast we came in in

1:19:07 ↗ terms of total ending fund balance very

1:19:09 ↗ close um that we had forecast 23 million

1:19:13 ↗ um and we brought in or excuse me and we

1:19:15 ↗ ended 23 total ending fund balance at

1:19:17 ↗ 23.6 so just a difference of about

1:19:20 ↗ 600,000 um so we did want to highlight

1:19:24 ↗ though as the primary uh Benchmark that

1:19:26 ↗ we use for balancing uh the general fund

1:19:30 ↗ is that undesignated ending fund balance

1:19:32 ↗ as a percent of expenditures so in 20 or

1:19:35 ↗ in our forecast last year we believed we

1:19:38 ↗ would end the year at about

1:19:40 ↗ 15% um we really ended it at 20% and the

1:19:44 ↗ primary reason for that is that uh we

1:19:46 ↗ refined that designated fund balance

1:19:48 ↗ number so if you compare the forecast

1:19:50 ↗ and the actual that's where the flip was

1:19:52 ↗ um we had over included arpa expenditure

1:19:55 ↗ in designated in the

1:19:57 ↗ forecast um so diving a little bit

1:20:00 ↗ deeper um if we look at high level

1:20:03 ↗ Revenue categories these are the same

1:20:05 ↗ categories that we show in the monthly

1:20:07 ↗ report um on the city website um for the

1:20:10 ↗ most part revenues came in um as Andrea

1:20:13 ↗ mentioned pretty close to where we had

1:20:15 ↗ forecast with a few exceptions um and

1:20:18 ↗ this is a good point to highlight the

1:20:19 ↗ challenge our first real challenge I

1:20:21 ↗ think we've discovered in our first time

1:20:25 ↗ in our second year of a

1:20:26 ↗ bium um which is we adopted a budget for

1:20:30 ↗ two years and we want to be able to

1:20:33 ↗ monitor um and spend across the two

1:20:35 ↗ years and collect across the two years

1:20:37 ↗ so one of the things we're going to see

1:20:39 ↗ in the 23 actuals is um especially on

1:20:43 ↗ the revenue side some of the revenues

1:20:44 ↗ that we anticipated in 23 may still come

1:20:47 ↗ in 24 a lot of the yellow highlighted

1:20:50 ↗ departments here are um heavily

1:20:53 ↗ dependent on timing

1:20:55 ↗ so that's the um that's the primary

1:20:58 ↗ reason that Community Planning and

1:21:00 ↗ Development as well as the Municipal

1:21:02 ↗ Court um came in a little under budget

1:21:04 ↗ it's or brought in a little bit less

1:21:06 ↗ than forecasted primarily as we are

1:21:09 ↗ expecting that to come in in

1:21:11 ↗ 24 um business and occupation tax and

1:21:14 ↗ utility tax were both um slightly under

1:21:17 ↗ forecast um as well um the business and

1:21:21 ↗ occupation tax we only collect quarterly

1:21:24 ↗ and we saw a very large reduction in the

1:21:27 ↗ second quarter of last year very large

1:21:29 ↗ we were not at the point where we were

1:21:31 ↗ comfortable enough with those numbers to

1:21:33 ↗ dramatically reduce the forecast so I

1:21:36 ↗ think what we ended up seeing was uh it

1:21:40 ↗ if we had reduced it it would have been

1:21:41 ↗ too far so um we still came in within

1:21:44 ↗ about 4 to 500,000 on total bno utility

1:21:49 ↗ tax um similar story there was uh there

1:21:53 ↗ was complexity to how we receed those

1:21:54 ↗ revenues over time and I am happy to go

1:21:57 ↗ into the detail on that if you would

1:21:59 ↗ like but in the interest of time I'm

1:22:01 ↗ going to keep going um and uh to offset

1:22:05 ↗ some of these Revenue um decreases in

1:22:08 ↗ terms of what was forecasted we did see

1:22:10 ↗ an increase for parks and Community

1:22:12 ↗ Services primarily in the community

1:22:14 ↗ center um miscellaneous was the last

1:22:17 ↗ Revenue piece we wanted to flag here um

1:22:20 ↗ that uh under received um amount was is

1:22:24 ↗ from um a bit over

1:22:27 ↗ forecasting uh investment interest which

1:22:30 ↗ was certainly higher in 23 than we've

1:22:32 ↗ seen in Prior years but not quite as

1:22:34 ↗ high as we had

1:22:36 ↗ forecast um on the expenditure side it

1:22:38 ↗ is the flip side of what we saw on the

1:22:40 ↗ revenue um piece so those same three

1:22:43 ↗ departments that we talked about for

1:22:44 ↗ timing on the revenue side those often

1:22:47 ↗ pass through to the expenditure side so

1:22:49 ↗ while we saw um less revenue for CPD the

1:22:52 ↗ court and um human Services we are that

1:22:56 ↗ passes through to fewer expenditures so

1:22:58 ↗ once that timing and we receive the

1:22:59 ↗ revenue kicks in um the expenditures

1:23:02 ↗ should follow

1:23:03 ↗ suit um and unlike the revenue side we

1:23:06 ↗ don't forecast down to the category

1:23:09 ↗ level um we do it for the full fund so

1:23:13 ↗ at as of November of last year we

1:23:15 ↗ forecasted about 75.4 million in

1:23:17 ↗ expenditures we came in at

1:23:20 ↗ 72.9 um which was about 97% of the

1:23:23 ↗ forecast

1:23:26 ↗ um that was the 2023 piece but I see a

1:23:29 ↗ question indeed council member Hall just

1:23:32 ↗ a quick one um but that is we're

1:23:34 ↗ anticipating that changing right in

1:23:36 ↗ terms of forecasting expenditures by

1:23:38 ↗ line is that something we're working on

1:23:40 ↗ into the future sorry yes thank you for

1:23:42 ↗ asking that question um what we've

1:23:44 ↗ talked about for this coming year is

1:23:45 ↗ while we don't believe we have capacity

1:23:47 ↗ to look at every every expenditure line

1:23:50 ↗ what we would like to focus on is those

1:23:52 ↗ highly variable ones so profession

1:23:54 ↗ Services Personnel we want to make sure

1:23:57 ↗ we do a deep dive into those going into

1:23:59 ↗ this year because I think that can

1:24:00 ↗ really help refine that expenditure

1:24:02 ↗ forecast thank you for asking

1:24:05 ↗ that great um shifting to

1:24:09 ↗ 2024 um so this is uh showing Revenue

1:24:14 ↗ through March of this year um this is a

1:24:17 ↗ new as um Andrea mentioned this is a

1:24:19 ↗ slightly different view of this report

1:24:22 ↗ than we've shown in the past um this is

1:24:25 ↗ how we are monitoring this year across

1:24:28 ↗ both years across 23 and 24 so we've got

1:24:31 ↗ our total budget for the two years the

1:24:34 ↗ 23 actual now that the year is complete

1:24:36 ↗ and then we will be adding in 24 as we

1:24:39 ↗ go um to monitor um the

1:24:42 ↗ total um so I should note um this is at

1:24:47 ↗ 55% at the moment even though we are

1:24:49 ↗ through about 63% of the year we only

1:24:52 ↗ have January and February for sales tax

1:24:55 ↗ and bno and those are pretty big ticket

1:24:58 ↗ items um so we wanted to take a brief

1:25:01 ↗ look at why sales or at what's happening

1:25:04 ↗ with sales tax um as Andrea mentioned as

1:25:07 ↗ well construction is continues to be

1:25:09 ↗ down um so looking at the sales tax that

1:25:12 ↗ we've received from really the three

1:25:15 ↗ largest categories um we see retail is

1:25:20 ↗ ticking back up a bit um so far this

1:25:22 ↗ year and in 3 but construction once

1:25:26 ↗ again continues to be um very low and

1:25:29 ↗ that is observed throughout the county

1:25:31 ↗ as well um so the the piece I would add

1:25:36 ↗ to that is construction just through

1:25:38 ↗ February of the actuals that we have is

1:25:40 ↗ down 23% from through February if last

1:25:45 ↗ year um looking at the expenditure side

1:25:49 ↗ um the uh since we're at about 63 I'm

1:25:53 ↗ going to round perc of the year um

1:25:56 ↗ year-to dat um we've spent 62% of the

1:25:59 ↗ total budget so we are um at this point

1:26:02 ↗ very much on

1:26:04 ↗ track quick update on

1:26:07 ↗ Reit um so as you may remember from last

1:26:10 ↗ year we very much reduced the reat

1:26:13 ↗ forecast we um were seeing very low

1:26:17 ↗ numbers last year both in transactions

1:26:19 ↗ and in value um this year we have seen

1:26:25 ↗ uh Improvement massive Improvement but

1:26:27 ↗ cautiously cautiously optimistic um so

1:26:30 ↗ our last forecast for

1:26:32 ↗ 2023 uh we had that we would land at

1:26:35 ↗ about 3 million um and we ended at

1:26:39 ↗ 3.2 looking to

1:26:41 ↗ 2024 um the last forecast uh had us at

1:26:45 ↗ basically where we ended

1:26:46 ↗ 2023 based on actuals through March um

1:26:50 ↗ growing in a new term projection which

1:26:53 ↗ is not quite a forecast

1:26:55 ↗ um of about 5.3 million and I should

1:26:58 ↗ note we typically don't forecast large

1:27:02 ↗ transactions as they are highly variable

1:27:05 ↗ but we've already received 900,000 from

1:27:08 ↗ those large transactions this year so

1:27:09 ↗ that's been making a big

1:27:11 ↗ difference um and that's mostly from one

1:27:16 ↗ trans our dear friends at Costco is a

1:27:22 ↗ large um so looking at just where how

1:27:25 ↗ this compares to Prior years in um large

1:27:29 ↗ transactions and regular activity um

1:27:33 ↗ this really helps highlight that 2024

1:27:35 ↗ piece of how we're expecting that to

1:27:38 ↗ grow finally uh where we go from here um

1:27:42 ↗ so as we've mentioned a few times

1:27:44 ↗ tonight we will continue to monitor all

1:27:46 ↗ of this very closely through the end of

1:27:48 ↗ the year um and Beyond um so the full

1:27:52 ↗ general fund forecast update will come

1:27:54 ↗ um as it does each year in August um

1:27:57 ↗ ahead of 2526 budget

1:28:00 ↗ development and um I wanted to give the

1:28:03 ↗ heads up too that the monthly reports

1:28:05 ↗ that we um post on the city website um

1:28:08 ↗ are up to date through uh March those

1:28:10 ↗ are posted and following tonight this

1:28:12 ↗ report will also get

1:28:14 ↗ posted um and then I just bring come

1:28:17 ↗ back to the the feedback that we are um

1:28:20 ↗ open to any thoughts concerns um that

1:28:24 ↗ you may have at this point in

1:28:28 ↗ time I should also ask if there are

1:28:31 ↗ questions yeah I guess that's a good

1:28:33 ↗ point we'll start with

1:28:35 ↗ questions any questions coming

1:28:38 ↗ through quickly moving off

1:28:41 ↗ questions uh take a moment to see if we

1:28:44 ↗ have any public comment on that again no

1:28:48 ↗ one in the room unless Chief Lane you

1:28:50 ↗ want to be a public commenter on this

1:28:54 ↗ topic but no pressure on

1:28:58 ↗ that okay

1:29:01 ↗ fantastic yeah

1:29:03 ↗ fantastic um and for anyone online that

1:29:07 ↗ wants to send the chat a me send the

1:29:10 ↗ poost a chat message or raise their

1:29:12 ↗ virtual hand not seeing any no one's

1:29:14 ↗ indicating a desire to speak okay well

1:29:18 ↗ then I'll go on to

1:29:20 ↗ feedback council member Ray thank you

1:29:24 ↗ for this I really appreciate it this is

1:29:26 ↗ something I wanted for a long long time

1:29:28 ↗ and it's very succinct and it's very

1:29:30 ↗ understandable and it just makes my day

1:29:32 ↗ to see it um and then my only real

1:29:35 ↗ comment other than thank you is um the

1:29:37 ↗ reat numbers kind of blow my mind um and

1:29:40 ↗ primarily I mean the nine the $900,000

1:29:42 ↗ we we understand that but um I would

1:29:46 ↗ just think given um kind of just

1:29:48 ↗ day-to-day uh real estate transactions

1:29:51 ↗ would be depressed not thriving so that

1:29:53 ↗ just um that one surprised me and I

1:29:56 ↗ think is worth keeping an eye on because

1:29:59 ↗ as you tell us every time Reit is

1:30:01 ↗ unpredictable and it um and it is

1:30:03 ↗ surprising us yet again but I I think

1:30:05 ↗ the numbers makes make sense uh sales

1:30:07 ↗ tax doesn't surprise me one little bit

1:30:09 ↗ that we see retail ticking up and

1:30:11 ↗ construction uh cratering I'm really

1:30:13 ↗ gratified to see accommodations um up

1:30:16 ↗ ticking that is encouraging and U I

1:30:19 ↗ think is reflective of large employers

1:30:22 ↗ here in uh in our as well as tourism and

1:30:26 ↗ then um you know the the revenue and

1:30:29 ↗ expenses for through March um seem in

1:30:34 ↗ line with where we'd expect them to be

1:30:37 ↗ and since this is our first Bal budget

1:30:39 ↗ um that's kind of encouraging and then

1:30:41 ↗ finally you know budgets are always

1:30:43 ↗ wrong we we know that but um they're

1:30:46 ↗ they're good barometers and they're good

1:30:47 ↗ things to measure against and um yeah um

1:30:50 ↗ like I said this this is great thank you

1:30:57 ↗ council member hunt I have a two quick

1:31:00 ↗ questions and then brief comments that

1:31:02 ↗ uh you mentioned that there is a

1:31:04 ↗ difference between forecast and

1:31:07 ↗ projection so I wondered if you could uh

1:31:10 ↗ ex explain that difference sure um I I

1:31:16 ↗ mainly Ed that term because I wanted to

1:31:17 ↗ keep forecast as uh true moments where

1:31:20 ↗ we come to the council with a full um uh

1:31:23 ↗ uh an update um we monitor uh throughout

1:31:27 ↗ the course of the year and you know

1:31:29 ↗ after each month that we receive sales

1:31:31 ↗ tax and R as an example we update our

1:31:34 ↗ internal forecast but month to month it

1:31:36 ↗ is it gets a little tricky to pin down

1:31:39 ↗ um so I just wanted to note the

1:31:40 ↗ difference that we were not suggesting

1:31:42 ↗ an updated forecast yet on re um but so

1:31:45 ↗ far for what we what we've seen through

1:31:47 ↗ March it's looking it's looking

1:31:49 ↗ better okay great thank you um and then

1:31:52 ↗ also on construction

1:31:54 ↗ I believe you said that this is

1:31:57 ↗ something uh this uh decline is

1:32:00 ↗ something that's being seen across the

1:32:03 ↗ region um is our percentage decline in

1:32:07 ↗ line with what's being seen across the

1:32:08 ↗ region and then are there

1:32:12 ↗ any I would then think that other cities

1:32:14 ↗ are also trying to predict what's the

1:32:17 ↗ when is it going to take back up what's

1:32:18 ↗ going to be the future of this

1:32:20 ↗ construction revenue and so I'm

1:32:22 ↗ wondering if you have any

1:32:24 ↗ uh any insights from other cities that

1:32:27 ↗ are also trying to do projections and

1:32:28 ↗ trying to understand this trend

1:32:30 ↗ absolutely um so last week the Puget

1:32:32 ↗ Sound Financial Officers Association

1:32:35 ↗ gave um organized a great presentation

1:32:38 ↗ from the King County Office of economic

1:32:41 ↗ forecasting I want to say is the last

1:32:43 ↗ word um and it looked at National Trends

1:32:47 ↗ local Trends looking at a ton of factors

1:32:50 ↗ and when they were looking at the

1:32:51 ↗ housing market um in the region it was

1:32:54 ↗ ticking up they don't expect it

1:32:56 ↗ necessarily to hold out um long term but

1:33:00 ↗ they caveat it very heavily of we are

1:33:02 ↗ not sure at all um similarly with

1:33:05 ↗ construction sales tax that is the

1:33:08 ↗ reduction that we've seen is very much

1:33:09 ↗ consistent with the rest of the region

1:33:11 ↗ it's right around in line of what the

1:33:12 ↗ region is

1:33:16 ↗ seeing great thank you okay and then um

1:33:19 ↗ for my for my comments um firstly the

1:33:23 ↗ undes ignated ending fund balance as

1:33:25 ↗ percent of expenditure it was forecast

1:33:27 ↗ to be 15 and it is actually uh going to

1:33:31 ↗ be

1:33:32 ↗ 20% um so that is much closer to What

1:33:36 ↗ was forecast in uh in previous budgets

1:33:40 ↗ that I've been a part of and that does

1:33:42 ↗ indicate that uh we are doing a a good

1:33:45 ↗ job um forecasting what those

1:33:48 ↗ expenditures are going to be but also

1:33:50 ↗ spending money on projects and on

1:33:52 ↗ services that the community needs we've

1:33:54 ↗ budgeted for that we expected to be able

1:33:55 ↗ to do in that time frame um so I just

1:33:58 ↗ wanted to appreciate that because we

1:33:59 ↗ have seen that number be much higher

1:34:02 ↗ before and that's been a point of um

1:34:03 ↗ some frustration with the council that

1:34:05 ↗ we've expected to have uh money spent on

1:34:08 ↗ projects that are needed that didn't

1:34:09 ↗ wasn't able to be spent so uh firstly

1:34:11 ↗ wanted to thank you for that and um

1:34:14 ↗ that's a really great sign and then also

1:34:17 ↗ many of the forecasts are very close to

1:34:20 ↗ the uh the actuals um again really uh

1:34:26 ↗ helpful to see that and I think um is

1:34:30 ↗ gives us uh faith in the numbers that

1:34:32 ↗ we're using to budget so that's also

1:34:33 ↗ really great to see and overall um

1:34:37 ↗ appreciate the information about the

1:34:38 ↗ trends and the different mechanisms that

1:34:40 ↗ we're seeing driving these Trends and I

1:34:42 ↗ think that will help us make for a

1:34:44 ↗ better budget process

1:34:49 ↗ thanks anyone else

1:34:54 ↗ okay I'll throw mine in at the end then

1:34:57 ↗ uh lots of the similar appreciation for

1:35:01 ↗ the information for the accuracy of the

1:35:05 ↗ forecasts um for how the Administration

1:35:08 ↗ has handled our previous feedback and as

1:35:12 ↗ council member hunt said done a good job

1:35:14 ↗ of um adjusting those we can see that

1:35:17 ↗ cleanly here um I did call out and have

1:35:21 ↗ a little bit of concern about the

1:35:24 ↗ Revenue coming in from Community

1:35:26 ↗ Planning and

1:35:27 ↗ Development

1:35:29 ↗ um revenue

1:35:31 ↗ or been yeah I think it was

1:35:34 ↗ Revenue yeah Revenue

1:35:37 ↗ in this

1:35:38 ↗ year yeah for first quarter um was only

1:35:43 ↗ at 51% and then the previous in 2023 was

1:35:47 ↗ also lower um so I would just ask that

1:35:50 ↗ we're paying attention to that if we

1:35:52 ↗ need to make any adjustments to our

1:35:55 ↗ forecast to recognize the changing

1:35:58 ↗ nature of whether people are building

1:36:01 ↗ and you know there's definitely that tie

1:36:03 ↗ between revenue that we get through CPD

1:36:06 ↗ and revenue that we get through

1:36:08 ↗ construction sales tax um and so if

1:36:11 ↗ we're seeing both of those decreasing

1:36:14 ↗ recognizing that they kind of um

1:36:16 ↗ emphasize each other and then when we

1:36:19 ↗ are looking at revenues um it is nice to

1:36:24 ↗ see the strong parks and Community

1:36:28 ↗ Services um for

1:36:30 ↗ 2023 um I assume with the revenue for

1:36:35 ↗ first quarter 2024 that doesn't include

1:36:38 ↗ any of the summer camps or any of that

1:36:42 ↗ area most of those haven't been prepaid

1:36:45 ↗ so if we're looking at

1:36:47 ↗ 69% right now um

1:36:50 ↗ for received for 2023 and 2024 that

1:36:54 ↗ could even be um continued

1:37:05 ↗ higher yeah I'm sure some people have

1:37:07 ↗ already paid all of that but yeah yeah

1:37:12 ↗ um

1:37:13 ↗ but recognizing all of that I know we

1:37:17 ↗ have added to the services there and we

1:37:21 ↗ have also kind of recognized that any

1:37:25 ↗ additional expenditures that we make in

1:37:29 ↗ the um Community Center area and

1:37:32 ↗ Recreation programs we tend to get back

1:37:34 ↗ in Revenue um so I'd like to just keep

1:37:38 ↗ paying attention to that as we have

1:37:40 ↗ increased our expenditures there making

1:37:43 ↗ sure that we're seeing the revenue and

1:37:45 ↗ it seems like we are and then utilizing

1:37:48 ↗ that information as we go into this next

1:37:51 ↗ budget it could be a good cycle of

1:37:54 ↗ giving back to our community with

1:37:57 ↗ relatively cheap classes that give them

1:38:00 ↗ needs um that they're looking for so

1:38:03 ↗ that they don't have to travel outside

1:38:04 ↗ of the community to do those things so I

1:38:07 ↗ think seeing this data um does suggest

1:38:10 ↗ um a lot of those things are happening

1:38:11 ↗ and I'll be looking forward to it but

1:38:13 ↗ generally just really pleased with what

1:38:17 ↗ the data says about what the

1:38:19 ↗ administration has been doing what the

1:38:22 ↗ how the information um is presented to

1:38:24 ↗ us the transparency um and the story it

1:38:27 ↗ tells about how good we do with our

1:38:30 ↗ money so looking around anything else

1:38:34 ↗ any other feedback does the

1:38:36 ↗ administration have what they

1:38:38 ↗ need yes thank you

1:38:40 ↗ okay fantastic well looking at that I

1:38:44 ↗ think we are coming to a close we've got

1:38:47 ↗ uh good of the order anyone have any

1:38:51 ↗ comments to throw out here for good of

1:38:53 ↗ the order

1:38:54 ↗ see enclosed laptops okay I think we are

1:38:57 ↗ good oh oh oh last minute always well I

1:39:01 ↗ was reaching for my bag cuz I have in my

1:39:03 ↗ bag the East Side Fire and Rescue 2023

1:39:06 ↗ annual report so I will pass it up and

1:39:08 ↗ down if anyone wants to take a look and

1:39:10 ↗ I'll be sure to pass it around at the

1:39:11 ↗ next general meeting when we have

1:39:12 ↗ everyone here as

1:39:21 ↗ well yes an electronic versions will

1:39:23 ↗ sent out as

1:39:28 ↗ well mhm we're very Green City yeah

1:39:32 ↗ there you go it was an electronic choice

1:39:34 ↗ to be green there okay so I will take

1:39:38 ↗ this moment to list us as adjourned at

1:39:42 ↗ 811 p.m. thank you everyone

Approved minutes

Extracted from the next meeting's packet, where this meeting's minutes were approved as a consent-calendar attachment.

Open PDF

Attendance

Council / Members (6)

Barbara de Michele

Zach Hall

Victoria Hunt

Russell Joe

Chris Reh

Lindsey Walsh

Excused

Tola Marts