Snohomish County Council - File #: 2021-1077

• File #: 2021-1077
• Version: 1
• Type: Ordinance
• Status: Approved
• File created: 12/14/2021
• In control: Public Hearings
• On agenda: 2/2/2022
• Final action: 2/2/2022
• Title: Ordinance 21-104, approving and authorizing the County Executive to sign Public Works Board Construction Loan Contract number PC22-96103-067 for the 36th / 35th Ave W Improvement Project
• Related files: 2022-0002

Date	Ver.	Action By	Action	Result
2/2/2022	1	Public Hearings	Approved	Pass
1/12/2022	1	General Legislative Session	Set time/date for Public Hearing
12/21/2021	1	Public Works and Infrastructure Committee	Moved to Administrative Matters
12/20/2021	1	Administrative Session	Assigned

Executive/Council Action Form (ECAF)

ITEM TITLE:

Title

Ordinance 21-104, approving and authorizing the County Executive to sign Public Works Board Construction Loan Contract number PC22-96103-067 for the 36^th / 35^th Ave W Improvement Project

body

DEPARTMENT:  Public Works

ORIGINATOR:  Laura Brown Kendrick

EXECUTIVE RECOMMENDATION:  Approve-Ken Klein

PURPOSE: Ordinance authorizing the County Executive to execute the Public Works Board Construction Loan Contract No. PC22-96103-067 in the amount of $3,000,000 for the 36th / 35th Ave W improvement project.

BACKGROUND: •                     Snohomish County has identified the need to construct the 36th / 35th Ave W road project. •                     The 36th / 35th Ave W project (TIP #E.40.02 and #E.40.03) consists of widening the corridor between 164th St SW and SR 99 to three lane urban standards with continuous curb/gutter, ADA compliant sidewalks and bike lanes. Total funding needs for the project are $11,075,000 and to date, $8,075,000 has been secured. This project is in Council District 3. •                     The loan is for $3,000,000 at an interest rate of 0.94% per annum on the outstanding balance, with a 20-year loan term. •                     The agreement will be routed via DocuSign. Upon being approved by Council, the agreement will be emailed to Executive Somers for electronic signature.

FISCAL IMPLICATIONS:

EXPEND: FUND, AGY, ORG, ACTY, OBJ, AU	CURRENT YR	2ND YR	1ST 6 YRS
102 50630336399 Construction			$3,000,000
TOTAL

REVENUE: FUND, AGY, ORG, REV, SOURCE	CURRENT YR	2ND YR	1ST 6 YRS
102 3064449181 PWTF Loan			$3,000,000
TOTAL			$3,000,000

DEPARTMENT FISCAL IMPACT NOTES:  This loan will be drawn upon as project expenditures are incurred.

CONTRACT INFORMATION:

ORIGINAL	x	CONTRACT#	PC22-96103-067	AMOUNT	$3,000,000
AMENDMENT		CONTRACT#		AMOUNT

Contract Period

ORIGINAL	START		END
AMENDMENT	START		END

OTHER DEPARTMENTAL REVIEW/COMMENTS:  Approved as to form by PA George B. Marsh 12/9/21 Approved-Risk, Sheila Barker 12/14/21 Approved-Finance, Nathan Kennedy 12/15/21