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HomeMy WebLinkAboutRTBD 2025 Annual Report RENTON TRANSPORTATION BENEFIT DISTRICT OFFICIAL NOTICE OF 2025 ANNUAL REPORT NOTICE IS HEREBY GIVEN that the City Council is issuing the Renton Transportation Benefit District 2025 Annual Report to the Renton residents. The Renton Transportation Benefit District (RTBD) was created on August 14, 2023. The creation of the RTBD established the boundaries as the entire City of Renton as it currently existed or any adjustments to the boundaries in the future. In December of 2023 the City Council authorized the RTBD to collect one tenth of one percent sales tax for a period of 10 years. Revenues from this tax are to be dedicated for the purpose of ongoing transportation improvements that preserve, maintain, and as appropriate, construct or reconstruct the transportation infrastructure of the City of Renton. The RTBD is governed by the City of Renton Council. The RTBD began receiving sales tax receipts in April 2024. 2025 FINANCIAL REPORT 2025 Financial Summary of the RTBD activity (as of 12/31/25): Sales Tax and Investment Income $4,415,913 Total Revenues $4,415,913 Street Overlay Program $804,323 116th Ave SE Sidewalk 362,550 Walkway Program 19,594 Total Expenditures $1,186,467 Page 2 of 4 June 23, 2026 2026 TBD FUNDED PROJECTS Below are the projects scheduled to utilize RTBD funding in 2026: STREET OVERLAY PROGRAM Scope: This program funds resurfacing and other pavement preservation treatments for city streets and alleyways. In 2024 and 2025, this program provided for the application of Type II slurry seal across 12.2 miles at over 100 sites across Renton and design work for the annual pavement preservation program. The 2026 Overlay Program delivers 5.7 miles of slurry seal applications and 2.41 miles of asphalt overlay. The major items of work include the removal of the top layer of existing asphalt, subbase repairs, the placement of new hot-mix-asphalt pavement, and the installation of new roadway markings. Schedule: Design and Construction is scheduled to be completed in 2026. TBD Funding: $3,880,000 (design and construction) This picture shows Doolittle Construction using a specialized truck to pour slurry seal over the road surface. Page 3 of 4 June 23, 2026 116TH AVE SE SIDEWALK PROJECT Scope: This project will install sidewalk, curb and gutter, drainage, curb ramps, and rectangular rapid flashing beacon (RRFB) crossings along 116th Ave SE from SE 162nd St to SE 160th St. Schedule: Construction is scheduled to be completed in 2026. TBD Funding: $637,450 (Construction) After the mixture is poured onto the road surface, workers use squeegees to spread it evenly. This picture shows the existing conditions along 116th Ave SE. Sidewalk will be installed and the ditch on the left will be replaced with a piped stormwater drainage system. NE 24th STREET SIDEWALK PROJECT Scope: This project will install sidewalk, curb and gutter, drainage, curb ramps, streetlights and bulb-outs along NE 24th Street from Aberdeen Avenue NE to Blaine Avenue NE. Schedule: Design is scheduled to be completed in 2026 with construction scheduled to be completed in 2027. TBD Funding: $200,000 (design) TALBOT ROAD SOUTH WALKWAY PROJECT Scope: The scope of work for the project will be defined in 2026 with the goal of providing pedestrian and bicycle access to the Cleavland-Richardson Park which is currently being designed. Schedule: Planning/pre-design work is scheduled to be completed in 2026 with design beginning in 2027. Scheduling of construction will be coordinated with the construction of the new park. TBD Funding: $250,000 (planning, design) SARTORI TRAFFIC SAFETY IMPROVEMENTS Scope: The work includes signage, channelization, and signal upgrades to enhance pedestrian safety and functionality of the streets and intersections around Sartori Elementary School. Schedule: Design and construction is scheduled to be completed in 2026. TBD Funding: $245,000 (design, construction)