The Bothell City Council adopted the 2015-2021 Capital Facilities Plan (CFP) on Sept. 16. The CFP is a seven-year comprehensive financial plan and needs assessment that identifies and prioritizes funding for capital improvements such as facilities, parks, transportation and utility projects. The approximately $226 million Capital Facilities Plan incorporates 55 projects over the seven-year planning period.
“The Capital Facilities Plan is a long-term capital financing strategy that will have a positive and lasting legacy on our community by providing the City of Bothell the means to address infrastructure needs with capital-specific revenue sources,” Bothell City Manager Bob Stowe said. “This CFP significantly progresses Bothell’s long-term capital vision by delivering and promoting the community’s vision of Bothell.”
The Plan includes exciting transformations for the City of Bothell such as:
• New City Hall building in 2015
• Multiway Boulevard (SR 522 to Reder Way)
• Main Street Extension (extending Main Street from Bothell Way to 98th Avenue Northeast)
• Main Street Enhancement (improving streetscape to Main Street from Bothell Way to 102nd Avenue Northeast)
• 1st Lieutenant Nicholas Madrazo US Marine Corps Memorial Park
• Park at Bothell Landing expansion improvements
• SR 522 Stage 3 (from 91st Avenue Northeast to 83rd Place Northeast)
• North Creek Trail (500 Feet West of SR 524 to 500 Feet West of Filbert Drive)
• Sammamish River Bridge Replacement (Waynita Drive Northeast and 96th Avenue Northeast)
• Horse Creek Improvements
The capital funding for these projects comes from Real Estate Excise Tax (REET), grants, Local Infrastructure Financing Tool (LIFT) bond proceeds, transportation and park mitigation and impact fees, utility user and facility fees, and proceeds from the sale of surplus property. Grant funding accounts for more than 38 percent of CFP project funding.
In 2007, Bothell received the Governor’s SMART award for the city’s CFP development process. The award was made in recognition of the innovative and effective elements incorporated into the CFP. The city has successfully brought to fruition numerous facility, park, transportation and utility projects. The city’s 2015-2021 CFP continues to advance the community’s long-term capital vision by addressing pressing community capital investment needs while emphasizing revenue-generating redevelopment of Bothell’s Historic Downtown area.
To review the Capital Facilities Plan and the full project list, visit www.ci.bothell.wa.us or contact Finance Director Tami Schackman at 425-486-6250 or email at tami.schackman@ci.bothell.wa.us.
