07 02 2024 Yelm City Council Study Session Agenda(„I
asz.1124
WASHINGTON
YELM CITY COUNCIL - STUDY SESSION AGENDA
July 2, 2024, 6:00 pm
Study Sessions are held in-person at Yelm City Hall 106 2nd Street SE Yelm, WA 98597
and virtually on Zoom on the first Tuesday of each month.
Registration is required to attend virtually by selecting the link below:
httLis://usO6web.zoom.ushvebinar/register/WN e3JbvI78sSLm3sGXA9s71 g
1. Discussion Items
a. Kidder Mathews Introductions
b. Capital Projects Updates
c. YMCA Funding Discussion
2. Mayor's Report
3. Councilmember Initiatives
All regular Yelm City Council meetings are recorded. Meetings can be viewed on YouTube, or a copy may be purchased
by contacting the City Clerk's office at 360.458.8816.
It is the City of Yelm's policy to provide reasonable accommodations for people with disabilities. If you are a person
with a disability and in need of reasonable accommodations to conduct business or participate in government
processes or activities, please contact Kathy Linnemeyer, at 360.458.8816 at least four (4) working days prior to the
scheduled event.
Page 1
City of Yelm
Capital Project Status
as of7/2(2024
CIP Consultant/
Project Droaripticen ph.co Contractor Cast Funding Status Next Steps
'Spline raunuare conducted bi com iNlu
„g. ai-Mmwl7raPoe Provide baformaBeat riesidGd toLmCawring
TrafficCpart
$6,350 in 2023
Municipal Street Fund (101)
Traffic counts were last coilerted in January 2024.
Traffic counts are again planned for 2025.
;:
Capital,traffnmuease, traffic modeling no
Consultants, Inc.
lumparortatiPn planning
An evaluating pavement rating and assessment report
A parliamentmnll(gnn3uryEyfs<gaddara }!�
y
QaV¢ Mwas
performed in October, 2022 as ail Cory-namatainetl
eyety,yYa4 an aYFbltWnaUJta[neo stecetse.
eWlw ba�hd
-
WRhers Ravene6lnc
^5491, budget
Road and Sneer ConsiruRlml
Insets. This information
mis being used to plan street
The near pavement condition survey will be
"n mLh6 N(S2$fdeRtsatt ask${neUaPay�h'<enC'*
(2022 survey)
planned for 2125
Fund (916)
maintenance rehabtRation and reconstruction
conducted in 2025.
vi
for 201
.. . .. ...
projects
The ADA Transition Plan was completed and adopted
-
Planning
King Teehnologira, Inc.
$33,270
by City Connplin September 2023
—
Road and Street Construction
Sidewalk and ramp condition survey was completed in
_
Food (316
Engrg
IOAK, Inc.
5@,900
lanuary2024.
—
I
_
Asphalt Patch Systems,
$2621, gram (TCansp Impry
Construction underwayon reconstruction of 62 non-
Construc r1,, to be complete b end of October
pe y
Const
Inc.
$302700
Board) + 15% match (Fund
compliant sidewalk ramps, as identified in the survey.
2024
316)
ti Fienaontati $fOGi.e
g
Des gn
Yeim Department of
Design 90% complete usgn in -housestaff.
Complete design by end of July 2024.
,'SnleWe&attlE,wei3ld9 of5oi6
Public SeMcea
.Pt?U$S35'E
i9
„SWeavallt �. StreeL5£app2px[matHy£eeCtoa.!
rontraaornoE W
Read and Street Construction
ConstruUlhnhaY started.
(Anticipate biddingconstruction Summer 2024.
.5
i4liksenkS4SE
COnSI
selected
$60,000
Fund (316)
Yelm has reviewed pa 90% construct[on pians; final
This1.aWSbbip%�e4t ph. 2will vatend'.
Design
WSDOT
Design is 90%,
review mid-1ate 2024.
3R i{DMaim J•ool>
the Yain Loop from 4tllens Rd to il$id'i
$58.5 million
Project a 100% funded by
delay relocation to begin Summer
jP6aae3)
hear4Yaimart �
Const
to be bid earty2025
WSDOT
WSDOT information we4page
ria
Advett'Isementand bidding scheduled forlanuary'
2025.
:. ...... ..:. .�c-�
Brehm
$298,920 Prelim
Conceptual layout and prelim design currently under
#
Prelim design phase 90% complete
Design
Engineering
review by WSDOT.
Perametrix
Pasensti x preparing Scope and Fee for final design
Review and approve scope and fee; begin final
'ThisJYaect The w
` Rtw�abadtt3fl b0) W5 ?fid.
Final Design
to be determined
PMRatto be 100%handed by
phase
design phase.
ST . �roundaboutwdl repNace�he.exrtt(nsrgidl=
Cole land Solutions
' at$aid MiIIRN} d6muclled 4 assfic rant8!"Hve S';
WSDOT
ROW
fsubmnsattant t0
to be determined
Fight of way acquisition phase not yet started.
Anticipate ROW phase to begin late summer 2024 in
conjunction with final design.
Yorametest
Const
conttucheraMyst
to be determined
Construction not started
Construction is tentatively projected to begin early
seieaed
2026
-
Design
SU Alliance
$7251,
reviewing concePtuei designs
(estimated)
Road and Street ConstructionCurrently
faction, expolonng funding opportunhies.
contractor not yet
$53M
Construction date and scope to be detemmed based
Fund(316)
Const
selected
(estimated)
i
on time design
Deisgn ofthe Alleyway is at 30% and are working on
Construction of activated alley anticipated Spring
Design
SONhance
$2811,
right of way acquisition
2025.
Road and Street Construction
Fund (316)
-
Christ
ronnucfw not yet
$1.5 mil
Construction cnmpiem; opened to public June 2024.
—
seiected
Page 2
City of Yelm
Capital Project Status
d of 03(2029
❑p Consultant/
Funding Status NeSteps
Project
Description Phase Contractor Cost
phaw, obligation paperwork I Fall 2024.
1
VIII I�I
1
i
2025).
®
r
1 vim.; \�\Z \.... .\�_ \\.
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•- �.•� .�-- \
.\\ \��.
`
IIII Il fR,buCW.rhWrdr,u,.im,bark
t r�ll II �1i•
®
r
Final deog, in,oved to begin Fall 2024,
III I
i'
we had le d. We will broakinger-Courril
u,naurne® r
®
• 024.
Page 3
City of Yelm
Capital Project Status
as of t2(2024
Assist
Olympia Solar
No cost to City
Design
SphereSelar
$316k
Const
Sphere$olar
to be determine
Site
Mountaine
Terrac
$349K
$590k
Selfless, In,
Complete
buildingGreat
Western
S2221,Buildings,
Fund (40nj
Inc.
Const
Erection CHG Bulgaria Systems,
$168k
Commerce Grant
($316,800)
Water Capital Improvement
Fund (104)
Facilitating grant with Commence.
Plans and specifications are complete; approved for
constN[ti.,
Construction with start Nly 2024.
She work partially complete.
Complete; building delivered.
Complete; building craned.
Land
(Berra Right of Way, Inc.
$41k (Tierra)
Cal improvement
( Siting study completed In 2019. Land repo isibeer
Arab.SISon
luRpYatt+ts ,. �e'L3 eg`d3kdslnimnipr s, awl'ayu�e•..
B711, (property)
(budget)
pi t d' 2023
Design/CM
RH2 Engineering, inc.
$590k
Water Capital Improvement
Complete
Fund (40nj
dn Inc.
RH2En ineeg &
Const
Tapani Inc.
$6.36M
Ring wall has been pieced and steel is being delivered.
Water Capital Improm
veent
The control building is scheduled to start in July 2024.
Assist with grant reimbursements
Set bidding and construction schedule.
We expect the battery components to be available
in the Fall of 2024.
Complete remainder of site work (u5lities, paving}
Summer -Fall 2624
Completion expected late spring 2025
....
31`2U2414tetei Nta&f
hear Me
Const
n, .� ,... r.
�..,..�w.,..a�.r
Cal improvement
Ardvrt.:.e.:m..enet a..n..d...,bl.d. g�.n�gt.ern�.h� ve,iy. sch..e. d�u�l.e�dfor
r Wrote,
Constrednonat.tat"s elycheduletl for Fel
luRpYatt+ts ,. �e'L3 eg`d3kdslnimnipr s, awl'ayu�e•..
selected
(budget)
Fund {404}
eeriy2025.
2025.
$183kdesign
Design
Desi
dn Inc.
RH2En ineeg &
$1]Ok iexpen
Desi gn complete
W—MM—M
Water Capital Improm
veent
Fund (404)
1
Const
Pease&Sees, Inc.
$1.15M
1 Construction complete
Pitaz li CbveenehTs the WRf were $2.21M (heard) Liquid Stream: CVJSRF Loan
`lit w Design parametria Inc Complete -
Riefe Ib:1Q18{i&3seZi4dudec $602cfaord) (Dept. of Ecolomh$31.6M
W;(ceAedxmatiam, u�YyaRtgiilPcutreht gRRl"wastreany giodryer bruit Capital grant
$2Z.8M (Irquid)
3&, Fuel, Hpg�e5 psrocesstaa 11 (nI'mhr?netnoteaetpr) C t ' StellarJ Corp. (Commerce)$833k
$5.23M (solid)
�3se2f sy{(eM Tbe,poEd sttEdih4Hu[�5s will be ' Sewer Ce realireprovement Construction underway; first day on site January 9,
Substantial completion scheduled for Spring, 2025
W[V)17Eiei)^Mvised beib iduathaw of'a $2,57M (liquid) Fund (413) 2023.
r �r4in, lWg$att�F1?Wdpf?.t ., Const Eugr Porous he $4)4k(solid) (
AA ��\�y Cnv run KennetlylJenks '
V A�� Pi1a�1�tPCniStuCOChCdq tsdY)f.E HYdmgeologlcstudy under review by Ecology.
Small. CopSnitants $213k Awaiting Ecology approval
dtn2,075'$LrWvua'gd c
415ewer Capdai Improvement Initial design not approved by Ecology. City is
b 'lam, 5 Rit3�'cis1ii r Davila Skflbngs, inc. $399k initial design complete; pions on hold.
"""C"ti _�� ��" � Fund (413) considering ether design alternatives.
�#r \ "t.� �� 21 urg 3 kits dNd r com'somr not yeL
V A
��,��� ��dlnrirmv1 tts. Const a $SSOklesi7 — Awaiting final design approval before bidding.
Non -Voted Bonds
Paid from the General Fund..
• ,,III III III I 1 111611511w
D Validation of at least 40% from the previous year's November election.
D'A DAVII)SON
Vqca�A ,,
2024Assessed Value: $1,626,461,050
I. General Purposes (for Capital Irnprovern gats)
Limited Taxlion- off General Obligation Debt Capacity (1.5% of AV) $24,396,916
Less: 2012.LTGO (Timberland Library) & Refi 2000Bonds (PW maint. Facility), maturing 2031 §945,?E) (1)
Less: 2018 LTGO Feb of 2006 Bonds (Public Safety Bldg.), bank placement, maturing 2026 E$1,®35,000) (1)
Less: Future LTGO Bond for $0 (1)
Ii
§=
-2,216,916
'ion udewa ;g Non gted ir ten ax Genera' ObgnL a Ei
_LJnlimited Tax (VoterApproval) General Obligation Debt Capacity (2.5% of AV) $40,661,526
Less: Outstanding Limited Tax General Obligation Debt (from above) ;$2,180,000; (1)
Less: Future Voted Bond for $0 (2)
Remaining General Obligation Debt Capacity (with VoterApproval) $38,461,526
IIs Parks Open Spee, Common. Center, Facilities for Economic Development
Unlimited Tax (Toter Approval) General Obligation Debt Capacity (2.51 of AV) $40,661,526
l -Nture voted Bonds € r - .. O m
Remaining Parks & Open Space Debt Capacity (with VoterApproval) $4x0,661,526
ill. utili�v purposer, (for ` id,,iielr', Light, Sewer, Gas
Unlimited Tax_("fornppi € v,d) (,Cw,rA Ohligatron_nc bi Canaciy of AV)
IcSs FuttieVotedRanrl;lrr
Remaining Ul Jily Purpose' Dcbt Clip, city (with Voter Appioval)
Total Remaining General Obligation Debt Capacity
(1) Paid from the City's General Fund.
(2) Paid from a VoterApproved Excess Levy for the life of the Bond.
1,407661_520
$0 (2)
r'40,661,526
$119,804,579
DAI IXYI SON
rating helps to achieve a lower
interest cost,
Investors view ,. rating as ,
indication
Source: O.A. Oovidson & Co.
Highest/Best
Quality
AAA
Aaa
High
AA+
Aal
Investment
AA ��`
Aa2
Grade
Aaa
Medium
A+
Al
Investment
A
A2
Grade
A-
A3
Lour
BBB+
Baal
Investment
BBB
Baal
Grade
BBB-
Baa3
Source: S&P Global Ratings and Moody's Jnvestors Service
DIAIDAVIDSON
For Discussion Purposes (As of 512112024)
Years
10
15
20
10
15
20
Avg. Annual
Payment (1) (2)
$306,214
$226,301
$190,812
$612,428
$452,603
$381,625
Estimated All -In True
Interest Cost % (1) (2)
397%
4.10%
4.42%
3.87%
4.10%
4.42%
$10,000,000 10 $1,224,856 187%
$10,000,000 15 $905,206 4.10%
$10,000,000 20 $763,249 4.42%
Assuming a 20 -year financing, for each $1,000,000you fund,
the estimated annual payment is $76,325 (1).
(1) Preliminary and subject to change.
(2) Assumes a rating of AA-, Level Debt payments.
AO%k�
W)n
D�AIIDAVIDSON
\Ao
41 -TA ZVI 10,
\ v
Jr 11111'' 11111
AVI
\J.
For Discussion Purposes (As of 512 112 0 2 4)
Te rm:
25 years
20 years
25 years
20 years
FundingAmount:
20,000,000
220000 000
10,000 000
10,000,000
Est. Average Payment (1):
NA
NA
NA
NA
Est. Net Borrowing Cost (1):
4.67%
4.30%
4,67%
4.30%
Estimated Tax Levy Impact (1): 0.600 0.700 0.300 0.350
($ per$1,000of AV)
Tax on home valued at-
Annual Increase (1): 420.00 490.00 210.00 245.00
Monthly Increase (1)- 35.00 40.83 17.50 20.42
Assumptions
1. Net Borrowing Cost is preliminary and subject to change, assumes a rating of AA-.
2. Assumes a Level Levy solution with an assumed annual growth rate of 3% per year for
the City's assessed value. The voted bond payments are structured to increase at 3% per year
to match the assumed annual growth rate in the City's assessed value.
DIAIDAVTDSON
2000 I_TO Bond, (for constructing a public works maintenance facility, final maturity was
Gj
1,2111201-6)
-0 B -
2006 HG Bonds (for construcdng and equipping the Public Safety BUildi,nr �, r at( A A+, Call
Date is after 12/1/2016, final MiltUrity is 12/1/20216)
11 i
-) -d Notes (forthe Killion Road improvements,
2006 Killion Road Local �rnprovement Distii
the Note rnakired 10/1/2009)
�- 2009 Killion Road LID Dired. loan (prepayable anytime, the Loan matures 111112024)
_j 2003 Water Revenue Bond(for the water tank) was refinanced in 2013
2010 Water Revenue Bonds (For various water system improvements and the purchase of
water rights, r.qled A4, gall Date is 121112020, final maturity 121112040)
2012 LTGO and Refunding Bonds (financed a portion of Timberland Library and refinanced
the 2000 Bonds, rated A+, 2.75% to 3.25%, callable 121112021, final maturity is 12/1/2031)
2013 Water Revenue Refunding Bonds (for refinancing the 2003 Bonds, rated A+, 2.511,
non -callable, final maftJH'HV U/1-12022
2018 LTGO Refunding Bond (refinanced the 2006 Bonds), private placement to a bank,
2.75%. Call Date is 121112024 final maturity is 12/1/2026
2018 LID Refunding Bond (refinanced the 2009 LID Bonds), private placement to a bank,
4.15%, prepayable anytime, maturing 9/1/2024
2020 Water Revenue Refunding Bonds (refinanced the 2010 Water Revenue Bonds), rated
A+, 1.75%, Call Date is 6/1/2030, final maturity is 12/1/2040
vl�
DIAIDAVIDSON