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HomeMy WebLinkAbout31. Lake WA Blvd N - Park Ave N to CoulonTRANSPORTATION IMPROVEMENT PROGRAM 2019 - 2024 TIP No. 31 Project Title:Lake Washington Blvd N - Park Ave N to Gene Coulon Memorial Park Community Planning Area:City Center Fund: Functional Classification:Collector Project: Project Length:N/A Contact: Project Description: Justification: Status: Changes: Funded:Unfunded: Pre-2018 2018 Total 2019 2020 2021 2022 2023 2024 Expenditures: Planning 14,899 14,899 - - - - - - - - Preliminary Engineering 28,460 28,460 - - - - - - - - R-O-W (includes Admin)- - - - - - - - - - Construction 1,973,821 373,821 - 1,600,000 1,600,000 - - - - - Construction Services 410,363 10,363 - 400,000 400,000 - - - - - Post Construction Services 15,934 15,934 - - - - - - - - Other - - - - - - - - - - Total Expenses 2,443,477 443,477 - 2,000,000 2,000,000 - - - - - Resources: Vehicle Fuel Tax 2,807 2,807 - - - - - - - - Business & Occupation Share 2,734 2,734 - - - - - - - - Fund Balance 8,828 8,828 - - - - - - - - Grants In-Hand (1)149,501 149,501 - - - - - - - - Grants In-Hand (2)- - - - - - - - - - Mitigation In-Hand 258,353 258,353 - - - - - - - - Bonds / LID's Formed - - - - - - - - - - Other In-Hand (Dev. Expend)2,000,000 - - 2,000,000 2,000,000 - - - - - Other In-Hand (Dev. Reimb)21,253 21,253 - - - - - - - - - - - - - - - - - - Undetermined - - - - - - - - - - Total Sources 2,443,476 443,476 - 2,000,000 2,000,000 - - - - - 2,443,476 - Project Expenditures & Resources Programmed Programmed Pre-2019 Six-Year Program Lake Washington Blvd N - Park Ave N to Gene Coulon Memorial Park Last Phase underway. Design for Lake Washington Blvd is complete. Construction to start in the summer of 2018 and be completed by the end of 2019. 317 122121 Bob Hanson 425-430-7319 This project includes road widening, traffic signals, railroad crossings, drainage, curb, gutter, sidewalks and bicycle lanes. Developer to design and construct improvements, and get credit toward mitigation contribution. The developer is completing the project in 3 phases. This project will serve the development and access needs to Coulon Park and the Southport Development. Agreement with developer to credit traffic mitigation towards the costs of certain improvements. The hotel tower was complete in 2018. The office towers are under construction. This project will be funded by the development of Southport. The costs shown below are for the estimated mitigation credit, per agreement with the developer.