The URL can be used to link to this page

Home My WebLink About03.23 Park Bond COW PresentationPark Bond Discussion KARI ROLLER, FINANCE ADMINISTRATOR MARYJANE VAN CLEAVE, PARKS AND RECREATION ADMINISTRATOR JOHN RUPP, PARKS AND TRAILS DIRECTOR Committee of the Whole March 23, 2026 BOND FINANCING & TAX IMPLICATIONS 20-year bond at 5% Cost of issuance $100K-$500K Annual capital funding for parks, trails and recreation facilities varies by year based on the city's capital prioritization policy. On average, over the past 5 years approximately $2-4M per year has been allocated. This average does not include the recent property purchases. INVESTMENT FRAMEWORK Investment Options for Existing Parks and Facilities •Development of Existing Park Land (Complete) •Multi-Category Investment (Hybrid of Complete/Modernization) •Existing Sports Fields and Facilities (Modernization) •Existing Sports Fields and Facilities (Improvement) •Core Infrastructure Investments •Highly Used or Visible Locations (Enhancements) •Continuation – No Bond *No new land acquisition Project Value Indicators ★ Community Impact / Visibility $ Revenue-Eligible Asset Protection Accessibility (ADA) Safety / CPTED Category Complete Hybrid Modernize Core Enhance No Bond Program Cost $87M $62M $66M $13M $6M $0 New Staff/New Equipment (O&M) FTE Equip. FTE Equip. FTE Equip.No No No Community Impact X X X X X X Revenue X X X Asset Protection X X X X X Accessibility (ADA)X X X X X X Safety X X X X X X SUMMARY CATEGORY & COST COMPLETE DEVELOPMENT OF EXISTING PARK LAND Project Cost Value Northeast Renton Park $7M ★ Cleveland Richardson $16M ★ Cedar River Natural Area (Mountain Bike Project)$4M ★ Edlund Property $12M ★ Partial Tri-Park* (Stoneway/Narco)$48M ★ $ Project Value Indicators ★ Community Impact / Visibility $ Revenue-Eligible Asset Protection Accessibility (ADA) Safety / CPTED This category focuses on developing park property we already own that is currently undeveloped, bringing them to full use based on parks planning and current public engagement. * Will take longer than 3 years to complete. HYBRID (Complete/Modernization) TRI-PARK MULTI-CATEGORY INVESTMENT Project Value Indicators ★ Community Impact / Visibility $ Revenue-Eligible Asset Protection Accessibility (ADA) Safety / CPTED Project Cost Value Partial Tri-Park* (Stoneway/Narco)$48M ★ $ Liberty Park $14M ★ $ This project implements a multi- decade plan that makes this area a regional draw and a multi-sport campus adjacent to the Renton Community Center, Henry Moses Aquatic Center and Carco Theater by adding multi-use sports fields,trails, a new dog park, parking, a new bridge that connects all these amenities, and a revitalized Liberty Park all of which is visible from the 405 freeway. * Will take longer than 3 years to complete. MODERNIZE / REVENUE ELIGIBLE MAJOR MODERNIZATION IN EXISTING SPORTS FIELDS Project Cost Value Liberty Park $14M ★ $ Ron Regis Park $22M ★ $ Sport Court Renovation $2M $ ★ Sport Field Renovation $4M $ ★ Pavement/Trail Renovation $1M ★ Recreation Facility Improvements $2M $ ★ Restroom Replacement (Replacement at 6 Parks)$15M ★ Restroom Renovation (Attached to Activity Buildings)$4M ★ Restroom Additions (Kiwanis & Phillip Arnold)$2M ★ Modernization of existing sports fields and facilities. Transform playing surfaces and provide additional lighting to significantly increase year- round playability and use allowing for additional programming and revenue- generating opportunities. Project Value Indicators ★ Community Impact / Visibility $ Revenue-Eligible Asset Protection Accessibility (ADA) Safety / CPTED CORE INVESTMENTS IMPROVEMENT IN EXSISTING PARKS & INFRASTRUCTURE Project Value Indicators ★ Community Impact / Visibility $ Revenue-Eligible Asset Protection Accessibility (ADA) Safety / CPTED Project Cost Value Coulon Deferred Maintenance $11M ★ Tiffany Park Parking Lot <$1M System-Wide Fence Replacement $1M ★ This is about protecting what we already have, addressing deferred maintenance, safety, and infrastructure needs to avoid more costly replacements later. Includes increase of sense of safety (CPTED) elements. ENHANCEMENTS HIGHLY USED OR VISIBLE LOCATIONS Project Cost Value Paint Refresh $1M ★ Wayfinding $2M ★ Landscaping $2M ★ ADA Updates $1M Project Value Indicators ★ Community Impact / Visibility $ Revenue-Eligible Asset Protection Accessibility (ADA) Safety / CPTED Enhancements are lower- cost, high-visibility improvements (glow-up) that improve safety, perception, and overall experience, especially in highly used locations. CONTINUATION NO BOND - CIP Current Pace of Project Delivery •Implement project delivery based on approved biennium budget •Project priorities to be set based on PROS Plan engagement feedback •Maintain current pace of capital project delivery – Phased Implementation Bond Timeline March •Identify specific projects, timeline and bond amount •Type of bond (councilmanic/voted) April/May •Draft election ordinance and explanatory statement •Plan marketing efforts for public outreach July •Pass election ordinance •Resolution for pro/con committee August •Submit required paperwork for vote in November November •Election •Pass property tax ordinance January – March 2027 •Renew bond rating •Issuance of bonds Q & A PROJECTS LIST APPENDICES Project Category Cost Value Northeast Renton Park Trails, Playground, Gathering Space Complete $7M ★ Cleveland Richardson Trails, Playground, Community Garden, Gathering Spaces Complete $16M ★ Cedar River Natural Area Multi-use and Mountain Bike Trails Complete $4M ★ Edlund Property Trails, Playground, Gathering Space Complete $12M ★ Partial Tri-Park New Multi-Use Sports Fields, Dog Park, Bridge,Maintenance Building, Gathering Space, Trails Complete $48M ★$ PROJECTS LIST APPENDICES Liberty Park Modernized Sports Fields, Restrooms, Expanded Skate Park Modernize $14M ★$ Ron Regis Park Modernized Multi-Use Sports Fields, Lighting Upgrades,New Restroom, Multi-Purpose Building, Playground Modernize $22M ★$ Sports Field Renovation Improvements to existing grass turf fields, drainage,irrigation, and fencing Modernize $4M ★$ Tri-Park New Multi-Use Sports Fields, Modernized Sports Fields,Skate Park Expansion, Dog Park, Bridge,Maintenance Building, Gathering Space, Trails Hybrid $62M ★$ Project Category Cost Value PROJECTS LIST APPENDICES Project Category Cost Value Coulon Deferred Maintenance Structural repairs, bulkhead repairs,draining and irrigation improvements, asphalt replacement of trails and parking lots Core $11M ★ System-Wide Trail Repair Repairs to create smooth surfaces Modernize $1M ★ Sport Court Renovation Repair to existing court surfaces including crack repair and resurfacing/painting Modernize $2M $★ Recreation Improvements Replacement hoops, flooring, scoreboards,partition dividers, nets Modernize $2M $★ PROJECTS LIST APPENDICES Tiffany Park Parking Lot Replacement of cracked/damaged asphalt surface Core <$1M System-Wide Fence Replacement Replace aged fencing with modern coated fencing Core $1M ★ Restroom Replacement Replaced with new designs to minimize maintenance and create safe spaces Modernize $15M ★ Restroom Renovation Renovate restrooms attached to activity buildings Modernize $4M ★ Restroom Additions Add additional standalone restrooms to increase restroom capacity at highly utilized parks Modernize $2M ★ Project Category Cost Value PROJECT LIST APPENDICES Paint Refresh Update exterior surfaces of park buildings Enhance $1M ★ Wayfinding New park entrance signage and interior wayfinding signage Enhance $2M ★ Landscaping Beautification of park entrances and other highly visible spaces, remove invasive species and replant Enhance $2M ★ ADA Updates Update walkways, ramps, and other accessibility improvements Enhance $1M ★ Project Category Cost Value