07/12/2022 - Regular - Additional Docs-TBDORCHARD
Counc
Transportation Benefit Distric
Sales Tax Discussio
07. 12. 2022
Note: This is intended to illustrate the project estimates and potential funding sou
Discussion Overview
Bethel Road and Sedgwick Study Brief Review
Additional Information can be found on the City Web Site by searching BETHEL ROAD AND SEDGWICK ROAD CORRIDOR PLAN
Phase 1: Bethel Road -Salmon berry Rd to Blueberry Rd
Additional Information can be found on the City Web Site by searching BETHEL ROAD AND SEDGWICK ROAD CORRIDOR PLAN
Proposal for Transportation Benefit District Sales Tax Discussion
Projection of Transportation Benefit District Sales Tax Revenue
Scenario Analysis
Bethel Road and Sedgwick Study:
Summary of Council and Community Engagement
September 7, 2017 - City Council Work Session
The project team shared the project scope, schedule, and outreach approach. Councilmembers were led through a mapping exercise to gather their initial
thoughts on existing conditions, community needs, and their ideas related to the two study corridors.
October 23, 2017- Community Open House
A public open house was held on October 23rd,2017 to introduce community members to the study and give them an opportunity to share their ideas, concerns,
and suggestions for both corridors. Notification of the open house was shared on social media, the project webpage, and through a direct mailer to property
owners in the study area. Over 50 people attended the event and we received over 60 comments, both in person and via email. The open house consisted of
staffed exhibit boards, a constraints and opportunities mapping exercise, and a `build your own street section' station
January 16, 2018 - City Council Work Session
The project team presented some of the initial operational analysis findings and sought direction on the corridor sections. At this meeting, the Council
supported the widening of Sedgwick Road to accommodate two lanes in each direction as it is a critical commute corridor and State Route providing access
between SR 16 and the Southworth Ferry Terminal. However, the Council expressed a clear interest in keeping Bethel Road a narrower street with one lane in
each direction to calm traffic and make it a safer, more inviting place for pedestrians and bicyclists.
February -March 2018 - Community Survey
An online community survey was conducted which gathered input to help shape the plan recommendations. The survey link was shared on social media, the
project webpage, and e-mailed directly to participants of the public open house. Over 600 residents responded with nearly 500 responses received per
corridor.
August 14, 2018 - City Council Meeting
The project team made a presentation of the alternative evaluation methods and resulting preferred conceptual corridor design. Councilmembers and the
Mayor asked questions of the project team but overall, the draft plan was well received. The draft was made available to the public via the project webpage
for review and comment until the public hearing scheduled for September 25th, 2018. The project team sent notification of the public review and comment
period via email to the project distribution list and posted to the City's Facebook page.
September 25, 2018 - City Council Meeting
The City Council held a public hearing at their meeting to hear from members of the public regarding the public review draft of the Bethel and Sedgwick
Corridor Plan. Two members of the public spoke about the proposed access control and location of roundabouts. The Council and project team responded to
the comments and provided clarifications.
Additional Information can be found on the City Web Site by searching BETHEL ROAD AND SEDGWICK ROAD CORRIDOR PLAN
Phasing Strategy
Phase 1: Bethel Road-Salmonberry Rd to Blueberry Rd
• Construct two roundabouts on Bethel Road at both Salmonberry Road
and Blueberry Road. While right of -way should be acquired to
accommodate the full build -out roundabout design for the 2040 horizon
year volumes, the design and number of circulating lanes required to
support opening day volumes will be determined during the design
phase. At Salmonberry Road, our analysis identified a single -lane
roundabout as an interim design. However, a two-lane roundabout with
two-lane approaches southbound and northbound on Bethel Road is
expected to be required to meet LOS standards in 2040. At Blueberry
Road, our analysis did not identify an interim design and a single -lane
roundabout is expected to meet LOS standards in 2040.
• Construct the Bethel Road segment between Salmonberry Road and
Blueberry to the Bethel Road - Typical Section A specifications including
sidewalk, bioretention swale, curb and gutter, bike lane, one travel
lane in each direction, and a raised center median.
• In order to adequately accommodate detour traffic during
construction, Ramsey Road between Sedgwick Road and Salmonberry
Road will need to be improved to meet City standards prior to
implementation of Phase 1, including resolving some existing right-of-
way issues. A preliminary cost for this improvement has been included
in the estimate for Phase 1.
Figure 10: Phasing Strategy diagram
4,
Transportation Benefit District Proposal Discussion Summary
• Approve a Councilmanic TBD 1 /101" sales tax beginning
in FY 2023
• Use the funding to complete Design and Et ROW
acquisition for Phase1- Bethel Et Salmon Berry
• Once Design is complete, explore a public TBD 2/ 10th
sales tax beginning in FY 2026
• Utilize the additional tax to issue debt to complete
the project and potentially others
Transportation Benefit District 1/10th Sales Tax
Growth Scenarios
0% growth in taxable sales
provides a ranges of
$830,000/year
5% growth in taxable sales
provides a ranges from
$870,000-$1.353 million over
the 10 years
Transportation Benefit District 1/10th Sales Tax
TBD 1/10th Sales Tax Councilmanic Revenue Projection
$9,000,000
$8,000,000
$7,000,000
$6,000,000
$5,000,000
$4,000,000
53,000,000
$2,000,000
$1,000,000 .$830,753
$ ■
2023 2024
2025
$4,984,579
$ 4,153, 816
$3,323,053
J J
2026 2027 2028
■Per Year ■Cumulative
$6,646,106
55,815,343
$8,307,632
$7,476,869
2029 2030 2031
2032
Growth Scenarios
• 0% growth in taxable sales
provides a ranges of
$830,000/year
• 0% growth in taxable sales
provides a cumulative revenues
of $8.307 million over the 10
years
Phase 1: Bethel Road -Salmon berry Rd to Blueberry Rd
Revenue and Expenses
Kin (-rnlnith Fnrim ract-n 10/ ('niinrilmanir rnIac Tav
Revenue
2022
2023
2024
2025
TBD .1% Sales Tax
$830,763
$830,763
$830,763
TIF Bethel Phase 1
$353,394
$1,186,700
$493,489
Blueberry (TIP 1.8) Fee in Lieu
$234,000
REET (TIP 1.8)
$116,000
1 $0
$250,000
$2501000
Total Revenue
$350,000
$1,184,157
$2,267,4631
$1,574,252
Expenditures
2022
2023
2024
2025
Bethel Phase 1-Design
$344,813
$281,405
$225,000
$350,000
Bethel ROW
Bethel -Construction
$359,090
$1,742,848
$1,742,848
Total Expenditure
j $344,8131
$640,495j
$1,967,848j
$2,092,848
Net $5,187 $543, 662 $299, 616 -$518, 595
Net (with carry forward) $548,849 $848,465 $329,870
ASSUMPTIONS
• With the 1 /10th TBD Councilmanic
Sales Tax (0% growth)
• Transportation Impact Fee Revenue
• Developer funding
• Real Estate Excise Tax
SUMMARY
• Able to Fund Design and
ROW acquisitions through
2025
Phase 1: Bethel Road -Salmon berry Rd to Blueberry Rd
Revenue and Expenses
• TBD 1 /10 Sales Tax( No Growth)
• Funding Shortfall will occur in 2026 on a cash flow basis
• Revenues are short of Expenses by - $3.6 million
Revenue
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
Total Per
Revenue Source
TBD.1%Sales Tax
$830,763
$830,763
$830,763
$830,763
$830,763
$830,763
$830,763
$830,763
$830,763
$830,763
$8,307,632
TIF Bethel Phase 1
$353,394
$1,186,700
$493,489
$2,033,583
Blueberry (TIP 1.8) Fee in Lieu
$234,000
$234,000
REET(TIP 1.8)
1 $116,0001
$0
$250,0001
$250,000
$0
$0
$0
$0
$0
$0
$0
$616,000
Total Revenue
r $350,000r
$1,184,157r
$2,267,463r
$1,574,252r
$830,763r
$830,763r
$830,763r
$830,763r
$830,763r
$830,763r
$830,7631
$11,191,215
Expenditures
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
Bethel Phase 1-Design
$344,813
$281,405
$225,000
$350,000
$1,201,218
Bethel ROW
$359,090
$1,742,848
$1,742,848
$3,844,785
Bethel -Construction
$2,972,810
$6,804,891
$9,777,701
Total Expenditure
$344,813
$640,495
$1,967,848
$2,092,848
$2,972,810
$6,804,891
$0
$0
$0
$0
$0
$14,823,704
Net $5,187 $543,662 $299,616
Net (with carry forward) $548,849 $848,465
$518,595-$2,142,047-$5,974,128
$329,870-$1,812,177-$7,786,305
$830,763 $830,763 $830,763 $830,763 $830,763
-$6,955,542-$6,124,778-$5,294,015-$4,463,252-$3,632,489
1
$3.6
Million
Short
Phase 1: Bethel Road -Salmon berry Rd to Blueberry Rd
Revenue and Expenses
• Voter Approved TBD 2/10th sales tax beginning in FY 2026
• City will have the ability to issue debt repaid by the tax
• Tax will remain in place until the debt service is retired, extending the tax beyond 10 years
• There will be cashflow considerations, however, overall revenue will exceed expenses
Revenue
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
Total Per
Revenue Source
TBD .1%Sales Tax
$830,763
$830,763
$83 763
$2,492,290
TBD .2%Sales Tax (Voter Approved)
$1,661,526
$1,661,526
$1,661,526
$1,661,526
$1,661,526
$1,661,526
$1,661,526
$11,630,685
TIF Bethel Phase 1
$353,394
$1,186,700
$493,489
$2,033,583
Blueberry (TIP 1.8) Fee in Lieu
$234,000
$234,000
REET(TIP 1.8)
1 $116,0001
1 $250,000
$250,000
$616,000
Total Revenue
r $350,000r
$1,184.157r
$2,267.463r
$1,574.252r
$1,661,526r
$1,661,526r
$1,661,526r
$1,661,526r
$1.661,526r
$1.661,526r
$1.661,5261
$17,006.558
Expenditures
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
Bethel Phase 1-Design
$344,813
$281,405
$225,000
$350,000
$1,201,218
Bethel ROW
Bethel -Construction
$359,090
$1,742,848
$1,742,848
$3,844,785
$2,972,810
$6,804,891
$9,777,701
Total Expenditure
$344,813
$640,495
$1,967,848
$2,092,848
$2,972,810
$6,804,891
$0
$0
$0
$0
$0
$14,823,704
Net $5,187 $543,662 $299,616-$518,595-$1,311,284-$5,143,365 $1,661,526 $1,661,526 $1,661,526 $1,661,526 $1,661,526
Net (with carry forward) $548,849 $848,465 $329,870-$981,414-$6,124,778-$4,463,252-$2,801,726-$1,140,199 $521,327 $2,182,854
� COUNCIL GUIDANCE:
QUESTIONS
• Does the Council want staff to pursue the TBD 1 /10
sales tax initiative?
• Next Steps