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HomeMy WebLinkAboutRES 3104 CITY OF RENTON, WASHINGTON RESOLUTION NO. :3.104 A RESOLUTION OF THE CITY OF RENTON, WASHINGTON, OPPOSING THE REGIONAL TRANSIT AUTHORITY PLAN WHEREAS, the Regional Transit Authority (RTA) is proposing the first of a multi-part project for regional transportation called Vision 2020 and the first phase of the project is rail; and WHEREAS, the RTA has stated that rail alone will not solve congestion problems; and WHEREAS, the City of Renton must provide adequate transportation facilities to meet regional mandates shown in ii Vision 2020 under the Growth Management Act (GMA) and Commute Trip . Reduction Act (CTR) ; and WHEREAS, the RTA is not stating. the. total costs of 'r j transportation facilities . needed to support the regional transportation plan for Vision 2020 which includes, multi-modal solutions of which rail is just one element; and WHEREAS, the preliminary estimate for these facilities in Vision 2020 and as reported by Puget Sound Regional Council (PSRC) is $60 billion, and the PSRC has identified a $23 billion shortfall between what the current revenue system will produce and what transportation improvements are needed by 2020; and WHEREAS, the RTA estimate does not include any increased costs to households based on increases in State taxes to cover the State funding assumed by the RTA; and WHEREAS, in ten years the RTA will review whether there is the financial ability to complete Phase I of the project in 16 RESOLUTION NO. 3104 years as is planned, and, if not, the RTA can cut back parts of the Phase I proposal, seek additional revenues or extend the time frame for construction and tax collection; and WHEREAS, the RTA system plan assumes federal and state grants, and the RTA assumes federal grants of $1 .5 billion of which only $325 million are specifically identified and earmarked, and the RTA assumes state grants of $2 .4 billion although none are specifically identified or committed; and WHEREAS, there are. additional specific implications for Renton residents; and WHEREAS, the City of Renton has planned a local transit distribution system which will cost millions over the next twenty years and those costs have not been included in. Vision 2020 cost figures; and: . WHEREAS, the City of Renton population represents 1 . 8% of the total population in the RTA district and the amount of money allocated from the RTA Phase I capital program for the Renton area ( I-405 corridor south of May Creek) is $50 million which is less than 1% of the total amount allocated; and WHEREAS, sales tax revenue for RTA district based on 1993 taxable sales in the RTA district are estimated at $30 . 783 billion; and WHEREAS, taxable sales in Renton for 1993 were $1 . 179 billion which represents. 3 . 8% of the total taxable sales in the RTA district, and is more than twice Renton ' s pro-rata share based on its population of about 1 .8% of the RTA district population; and 2 RESOLUTION NO. 3104 WHEREAS, for a new vehicle with a valuation of $20, 000 the motor vehicle excise tax to register the vehicle would increase by about $60 and annual motor vehicle excise tax for all car owners will increase by about 14% of the depreciated valuation of the vehicle which is 2 .2% to 2 .5% . WHEREAS, if the same funding mechanisms were used to fund the remaining $23 billion short fall, the result would be approximately $380 per year, per household with an income of $40, 000 and an automobile valuation of $11, 000 . This will rise with inflation. NOW, THEREFORE, THE CITY COUNCIL OF THE .CITY OF RENTON, WASHINGTON, DOES RESOLVE AS FOLLOWS: SECTION I. The above recitals are found to be true and correct in all respects . SECTION II. The Renton City Council. goes on record as opposing the RTA Phase I proposal until the public is fully informed of the total transportation costs for all phases of the project allowing them to make an informed choice. PASSED BY THE CITY COUNCIL this 6th day of February , 1995 . Marilyn tersen, City Clerk APPROVED BY THE MAYOR this 6th day of February , 1995 . Earl Clymer, Ma o 3 RESOLUTION NO. .3104 Approved as to form: Lawrence J. War n, City Attorney RES.426 :2/6/95 :as . z 4