Bothell Council adopts capital facilities plan

The Bothell City Council adopted a $250 million capital facilities plan (CFP) for 2009-2015 at its June 17 meeting.

The CFP is a seven-year comprehensive financial plan and needs assessment that identifies and prioritizes funding for capital improvement projects such as parks, road improvements, utilities and new facilities. The approximately $250 million CFP incorporates more than 40 projects over a seven-year period.

The city’s funding sources for the transportation, parks and facilities projects are leveraged with grants and mitigation for a combined total of about $239 million. The funding sources for utility

improvements include various designated revenues from water, sewer and stormwater utilities, amounting to around $28 million.

Project highlights include a State Route 527 multiway boulevard, park and open-space acquisition, the Bothell Crossroads SR 522 Realignment, a new city hall and Public Works Operations Center and Main Street enhancements and extension.

The city’s portion of the funding for these projects come from real-estate excise tax (REET) and one-time revenue transfers from the general fund. Matching grants and mitigation account for more than 46 percent of the funding.

To review the CFP and the full project list, visit www.ci.bothell.wa.us or contact Senior Management Analyst Cecelia Duncan at (425) 486.3256 or at cecelia.duncan@ci.bothell.wa.us.

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