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2014, 06-24 Regular Meeting Amended AGENDA SPOKANE VALLEY CITY COUNCIL REGULAR MEETING FORMAL FORMAT MEETING Tuesday,June 24,2014 6:00 p.m. Spokane Valley City Hall Council Chambers 11707 E Sprague Avenue Council Requests Please Silence Your Cell Phones During Council Meeting CALL TO ORDER: INVOCATION: Pastor Craig Smart of Valleypoint Church PLEDGE OF ALLEGIANCE: ROLL CALL: APPROVAL OF AGENDA: INTRODUCTION OF SPECIAL GUESTS AND PRESENTATIONS: n/a COMMITTEE,BOARD,LIAISON SUMMARY REPORTS: MAYOR'S REPORT: PUBLIC COMMENTS: This is an opportunity for the public to speak on any subject except those on this agenda as action items. (Action items include public hearings, and those items under NEW BUSINESS. Public Comments will be taken on those items at the time those items are discussed.) When you come to the podium, please state your name and city residence for the record and limit remarks to three minutes. 1. Administrative Report: Mark Calhoun,Erik Lamb Limited Tax General Obligation (LTGO) Bonds, 2003 Refunding 2.PUBLIC HEARING: Browns Park Proposed Master Plan—Mike Stone 3. CONSENT AGENDA: Consists of items considered routine which are approved as a group. Any member of Council may ask that an item be removed from the Consent Agenda to be considered separately. Proposed Motion:I move to approve the Consent Agenda. a. Approval of claim vouchers on June 24, 2014 Request for Council Action Form,Totaling: $1,080,496.18 b. Approval of Payroll for Pay Period Ending June 15, 2014: $300,441.58 c. Approval of June 3,2014 Study Session Council Meeting Minutes d. Approval of June 10, 2014 Regular Formal Council Meeting Minutes NEW BUSINESS: 4. Resolution 14-005 Amending 2014 Transportation Improvement Plan—Eric Guth [public comment] 5. Resolution 14-006 Adopting 2015-2020 Six Year Transportation Improvement Plan—Eric Guth [public comment] Council Agenda 06-24-14 Formal Format Meeting Page 1 of 2 6. Motion Con3idcration: Bid Award Sullivan Road Wc3t Bridgc Rcplaccmcnt Eric Guth [public comment] 7. Motion Consideration: Bid Award Sprague Resurfacing,Vista to Herald—Eric Guth [public comment] 8. Motion Consideration: Bid Award Stn Ave Reconstruct; McKinnon to Fancher—Eric Guth [public comment] 9. Motion Consideration: Mayoral Appointment of Planning Commissioner—Mayor Grafos [public comment] PUBLIC COMMENTS: This is an opportunity for the public to speak on any subject except those on this agenda as action items. (Action items include public hearings, and those items under NEW BUSINESS. Public Comments will be taken on those items at the time those items are discussed.)When you come to the podium, please state your name and city residence for the record and limit remarks to three minutes. ADMINISTRATIVE REPORTS: 10. Highway Safety Improvement Grant Program— Sean Messner 11. Local Government Investment Pool—Mark Calhoun 12. Advance Agenda—Mayor Grafos INFORMATION ONLY 13. Department Monthly Reports 14. McMillan Road CITY MANAGER COMMENTS ADJOURNMENT General Meeting Schedule (meeting schedule is always subject to change) Regular Council meetings are generally held every Tuesday beginning at 6:00 p.m. The Formal meeting formats are generally held the 2—d and 4th Tuesdays. Formal meeting have time allocated for general public comments as well as comments after each action item. The Study Session formats (the less formal meeting) are generally held the and 5th Tuesdays. Study Session formats DO NOT have time allocated for general public comments; but if action items are included,comments are permitted after those specific action items. NOTICE: Individuals planning to attend the meeting who require special assistance to accommodate physical, hearing, or other impairments, please contact the City Clerk at (509) 921-1000 as soon as possible so that arrangements may be made. Council Agenda 06-24-14 Formal Format Meeting Page 2 of 2 CITY OF SPOKANE VALLEY Request for Council Action Meeting Date: June 24, 2014 Department Director Approval: Check all that apply: ❑ consent ❑ old business ❑ new business ❑ public hearing ❑ information ® admin. report ❑ pending legislation ❑ executive session AGENDA ITEM TITLE: Refunding of 2003 Limited Tax General Obligation (LTGO) Bonds. GOVERNING LEGISLATION: RCW 35A.40, 35.37, 39.36, 39.46, and 39.53; Variety of Federal tax and securities laws. PREVIOUS COUNCIL ACTION TAKEN: None. BACKGROUND: In 2003 the City of Spokane Valley issued $9,430,000 of LTGO Bonds (the "2003 LTGO Bonds") for the purpose of constructing CenterPlace and making necessary road and street improvements surrounding the facility. • The road and street improvements portion of the project accounted for $2,430,000 of bonds issued at rates ranging from 2% to 5% that are to be repaid in 20 annual installments running from 2004 to 2023. The City makes the annual payment on this portion of the bond issue with 1st and 2nd quarter percent real estate excise tax (REET) revenues. The outstanding balance on this portion of the bond issue is currently $1,445,000. • The CenterPlace portion of the project accounted for $7,000,000 of bonds issued at rates ranging from 2% to 5% that are to be repaid in 30 annual installments running from 2004 to 2033. The City makes the annual payment on this portion of the bond issue with distributions we receive semi-annually from the Spokane Public Facilities District. The outstanding balance on this portion of the bond issue is currently $5,990,000. Since the issuance of the 2003 LTGO Bonds, market rates for new bond issues have fluctuated up and down but we now find that rates are very favorable for a refunding. A bond refunding is where the City will issue new LTGO refunding bonds at a lower interest rate than the 2003 LTGO Bonds. The proceeds of the new LTGO refunding bonds (the "2014 LTGO Refunding Bonds") will be used to retire the 2003 LTGO Bonds, thereby saving the City the difference in interest costs. The concept here is similar to refinancing a home mortgage to take advantage of lower interest rates and reduce a monthly payment. It is important to keep in mind that the interest rate a municipality pays on a bond issue is determined not by the issuer, but by the market, and that market conditions are always changing. Consequently, a computation of potential savings that are run based upon market conditions that exist today will yield different results tomorrow. With that said, if the present value of savings on a new bond issue exceeds 5%, then most municipalities will move towards a refunding. P:IClerklAgendaPackets for Weblagendapacket 2014, 06-2411tem 1 RCA Only.docx Based upon preliminary figures run on June 18, 2014 by our bond underwriter D.A. Davidson, the savings from a refunding would be as follows: • For the road and street portion of the 2003 LTGO Bonds there would be a total savings in payments of $190,115.69 that would be realized over the 9 year period 2014 through 2023, which discounts back to a present value savings of $170,779.82 or 11.81% (substantially greater than the minimum 5% savings we are looking for). The savings would not benefit the General Fund, but would instead reduce the amount of REET revenues dedicated to bond payments by approximately $21,000 per year which would in turn allow for more REET money to be used for street related capital projects. • For the CenterPlace portion of the 2003 LTGO Bonds there would be a total savings in payments of $1,242,220.66 that would be realized over the 19 year period 2014 through 2033, which discounts back to a present value savings of $979,279.93 or 16.35% (again, substantially greater than the minimum 5% savings we are looking for). The savings would not benefit the General Fund but would instead reduce the amount of money the Spokane PFD gives the City each year to make this portion of the bond payment. • Collectively, there would be a total savings in payments of $1,432,336.35 that would be realized over the 19 year period 2014 through 2033 (approximately $75,000 per year), which discounts back to a present value savings of$1,150,059.76 or 15.47%. To effect a refunding, the City Council will consider and adopt a bond ordinance authorizing the refunding of the 2003 LTGO Bonds through the issuance, sale, and delivery of the 2014 LTGO Refunding Bonds, and further authorizing the City Manager (or his designee) to execute all other necessary documents to issue the 2014 LTGO Refunding Bonds, provided that certain financial parameters are met. In this case, the Bond Ordinance provides that City will not issue the refunding bonds until there is at least a net 5% savings over the 2003 LTGO Bonds. Other documents include, but are not limited to the "official statement" (which can be thought of as the prospectus) that details the 2014 LTGO Refunding Bonds to potential investors, the bond purchase contract wherein the City will agree to sell the 2014 LTGO Refunding Bonds to the underwriter, and other necessary securities and tax documents. When issuing municipal bonds the expertise of a number of individuals is required including: 1. Bond Counsel, who render an opinion on the validity of the bond offering, the security for the offering, and whether and to what extent interest on the bonds is exempt from income and other taxation. The opinion of bond counsel provides assurance both to issuers and to investors who purchase the bonds that all legal and tax requirements relevant to the matters covered by the opinion are met. Bond counsel also prepare the bond ordinance. The City has selected Orrick, Herrington & Sutcliffe LLP as bond counsel. 2. The Bond Underwriter, who markets the City's bonds to potential investors as well as provide ideas and suggestions with respect to structure and timing of the bond issue. The Bond Underwriter ultimately purchases the City's bonds on behalf of the investors. In this refunding the underwriter is also preparing the preliminary and final official statements. Since the Bond Underwriter is purchasing the City's bonds, it does not have a fiduciary duty to the City. The City has selected D.A. Davidson as underwriter. 3. The Financial Advisor, who under Federal securities laws has a required fiduciary duty to the City. The Financial Advisor provides ongoing advice with respect to the structure and timing of the bond issue, reviews documents for financial aspects (such as parameters), and assists the City with receiving a rating for the bonds. The Financial Advisor works with the Bond Underwriter on the day of pricing to ensure that the rates proposed by the Underwriter are fair and reasonable given the bond market. The City has selected Piper Jaffray as the financial advisor. P:IClerklAgendaPackets for Weblagendapacket 2014, 06-2411tem 1 RCA Only.docx All of the participants are only paid in the event the 2014 LTGO Refunding Bonds are issued and are paid out of the proceeds of the 2014 LTGO Refunding Bonds, so the costs for such services do not impact the City's General Fund. OPTIONS: The Council could chose to leave the 2003 LTGO Bonds in place or pursue the refunding resulting in a 2014 LTGO Refunding Bond issuance. If the City Council arrives at a consensus to proceed with a refunding this will require the adoption of a bond ordinance and approval of an official statement. We plan to present these documents for Council consideration at the meetings of July 8 and 15, 2014. RECOMMENDED ACTION OR MOTION: Staff recommends that the City proceed with a refunding of the 2003 LTGO Bonds. BUDGET/FINANCIAL IMPACTS: Costs related to the bond issue would be folded into the 2014 LTGO Refunding Bond issue amount and consequently the City would incur no out-of- pocket expenses. Issue related expenses would include: • Underwriter fee (D.A. Davidson) • Bond counsel (Orrick, Herrington & Suttcliffe) • Bond rating (Moody's) • Financial advisor (Piper Jaffray) • Official Statement printing and distribution. Beginning with the December 1, 2014 bond payment and in all subsequent years the City would experience reduced bond payments and the Spokane PFD would be able to reduce their annual distribution to the City for their portion of the CenterPlace bonds accordingly. STAFF CONTACT: Mark Calhoun and Erik Lamb ATTACHMENTS: • Bond Ordinance • Escrow Deposit Agreement • Continuing Disclosure Certificate • Preliminary Official Statement P:IClerklAgendaPackets for Weblagendapacket 2014, 06-2411tem 1 RCA Only.docx ORDINANCE NO. 14- AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SPOKANE VALLEY, OF SPOKANE COUNTY, WASHINGTON, AUTHORIZING THE SALE, ISSUANCE AND DELIVERY OF NOT TO EXCEED $7,900,000 AGGREGATE PRINCIPAL AMOUNT OF ITS CITY OF SPOKANE VALLEY, WASHINGTON, LIMITED TAX GENERAL OBLIGATION REFUNDING BONDS, 2014, TO CURRENTLY REFUND ALL OR A PORTION OF THE CITY'S LIMITED TAX GENERAL OBLIGATION BONDS, 2003; PROVIDING FOR PAYMENT OF THE PRINCIPAL AND INTEREST ON THE BONDS BY ANNUAL LEVIES OF TAXES; FIXING THE DATE, FORM, CERTAIN TERMS AND COVENANTS OF SUCH 2014 BONDS; DELEGATING TO THE AUTHORIZED REPRESENTATIVE OF THE CITY THE AUTHORITY TO ESTABLISH CERTAIN TERMS OF THE BONDS WITHIN THE PARAMETERS OF THIS ORDINANCE; ADOPTING A REFUNDING PLAN; AUTHORIZING THE EXECUTION OF AN ESCROW AGREEMENT; AUTHORIZING THE PURCHASE OF CERTAIN GOVERNMENT OBLIGATIONS; PROVIDING FOR THE CALL, PAYMENT AND REDEMPTION OF THE REFUNDED BONDS; PROVIDING FOR THE REGISTRATION AND AUTHENTICATION OF THE BONDS; DESIGNATING A BOND REGISTRAR; CREATING AND ADOPTING CERTAIN FUNDS AND ACCOUNTS AND PROVIDING FOR DEPOSITS THEREIN; COVENANTING TO COMPLY WITH CERTAIN FEDERAL TAX AND SECURITIES LAWS; AND PROVIDING FOR OTHER MATTERS PROPERLY RELATING THERETO CITY OF SPOKANE VALLEY Spokane County, Washington LIMITED TAX GENERAL OBLIGATION REFUNDING BONDS, 2014 PRINCIPAL AMOUNT OF NOT TO EXCEED $7,900,000 BE IT ORDAINED by the Mayor and the Members of the City Council of the City of Spokane Valley, of Spokane County, Washington, as follows: WHEREAS, the City of Spokane Valley (the "City"), of Spokane County, Washington, is a duly incorporated and existing municipal corporation organized and operating under the Constitution and laws of the State of Washington; WHEREAS, the City is authorized and empowered by RCW 35A.40, 35.37, 39.36, 39.46 and 39.53 to authorize, issue, sell and deliver its limited tax general obligation refunding bonds to refinance the costs of acquisition, construction and installation of improvements and betterments to City facilities; I WHEREAS, the City previously issued its Limited Tax General Obligation Bonds, 2003, currently outstanding in the aggregate principal amount of $ (the "2003 Bonds"), pursuant to Ordinance No. 03-084 (the "2003 Ordinance"), enacted by the City Council of the City (the "Council") on October 28, 2003, for the purpose of financing, in part, the acquisition, construction and equipping of a regional community center at Mirabeau Point, related capital facilities and street improvements (the "Project"), and to pay the costs of issuing the 2003 Bonds; WHEREAS, the 2003 Bonds maturing on and after December 1, 2014, are subject to redemption at the option of the City on or after December 1, 2013, in whole or in part at any time (within one or more maturities to be selected by the City) at a price of 100 percent of the principal amount thereof, plus accrued interest, if any, to the date fixed for redemption; WHEREAS, to effect debt service savings, the City desires to defease, redeem and retire all or a portion of the outstanding 2003 Bonds (such refunded 2003 Bonds, the "Refunded Bonds") in accordance with the provisions of the 2003 Ordinance, if such defeasance, redemption and retirement can be achieved at the desired savings level; WHEREAS, after due consideration, the Council has determined that it will be financially advantageous to the City to effect such a refunding plan and subject to achieving the desired debt services savings, the Council has determined to issue, sell and deliver its City of Spokane Valley, Washington, Limited Tax General Obligation Refunding Bonds, 2014, in an aggregate principal amount not to exceed $7,900,000 (the "Bonds" or the "Refunding Bonds") for the purposes of (i) funding the defeasance and redemption of the Refunded Bonds and to acquire with such Bond proceeds and other available money of the City Government Obligations that bear interest and mature at such times as necessary to pay interest, when due, on the Refunded Bonds, and to redeem such Refunded Bonds on the date fixed for redemption and (2) paying costs of issuing the Bonds; WHEREAS, the Council desires and hereby delegates to the Authorized Representative (as defined herein) of the City, within certain parameters, certain duties and obligations with respect to the issuance, sale and delivery of the Bonds authorized herein, including the selection of Refunded Bonds to be defeased and redeemed with proceeds of the Bonds; WHEREAS, the City wishes to designate the Washington State Fiscal Agent as the Bond Registrar for the City for the Bonds; and WHEREAS, the Council has determined it to be in the best interest of the City to negotiate the sale of the Bonds with D.A. Davidson & Co. (the "Underwriter") and to execute a bond purchase agreement with the Underwriter in connection with the sale of the Bonds; WHEREAS, the Council wishes to authorize the preparation, distribution and use by the Underwriter of a preliminary official statement (the "Preliminary Official Statement") and an official statement (the "Official Statement") in connection with the marketing and sale of the Bonds; WHEREAS, the City wishes to ensure compliance with (i) the requirements of the Internal Revenue Code of 1986, as amended (the "Code"), and the applicable regulations associated with the Bonds and any future issuance of tax-bonds issued by the City and (ii) the 2 City's continuing disclosure undertakings with respect to the Bonds and any other bonds that may be issued by the City, and wishes to establish and maintain one or more policies with respect to post-issuance compliance procedures (the "Post-Issuance Compliance Procedures"). NOW, THEREFORE, the City Council of the City of Spokane Valley, Washington ordains as follows: Section 1: Definitions As used in this Ordinance, capitalized terms shall have the meanings provided in this Section. Words of the masculine gender shall be deemed and construed to include correlative words of the feminine and neuter genders, and vice versa. Words imparting the singular number shall include the plural numbers and vice versa, unless the context shall otherwise indicate. 2003 Bonds means the City of Spokane Valley, Washington, Limited Tax General Obligation Bonds, 2003, authorized and issued pursuant to the 2003 Ordinance. 2003 Ordinance means Ordinance No. 03-084 of the City, enacted by the Council on October 28, 2003, and pursuant to which the 2003 Bonds were authorized. Authorized Representative means the City Manager or such other City employee as may be designated in writing by the City Manager, acting either singly or collectively. Bond Fund means the City's "City of Spokane Valley Limited Tax General Obligation Refunding Bond -- Debt Service Fund" created by the 2003 Ordinance and continued by this Ordinance. Bond Purchase Contract means the written bond purchase contract between the Underwriter and the City to purchase the Bonds from the City. Bond Register means the registration records of the City, maintained by the Bond Registrar, on which shall appear the names and addresses of the Registered Owners of the Bonds. Bond Registrar means the Washington State Fiscal Agent acting in the capacity as registrar, authenticating agent, paying agent and transfer agent of the Bonds, or its successors in functions, as now or hereafter designated. Bonds means the herein-authorized series of limited tax general obligations bonds designated as "City of Spokane Valley, Washington, Limited Tax General Obligation Refunding Bonds, 2014." City means the City of Spokane Valley, of Spokane County, Washington, a duly incorporated and existing City organized and operating under the laws of the State acting by and through its employees, officers and the Council. 3 City Clerk or Clerk shall mean the de facto or de jure City Clerk or other officer of the City who is the custodian of the seal of the City and of the records of the proceedings of the City and the Council, or his/her successor in function, if any. City Manager shall mean the City Manager of the City, appointed by the Council, or his/her successor in function, if any. Code means the Internal Revenue Code of 1986, as amended, and any Treasury Regulations promulgated thereunder. Commission means the Securities & Exchange Commission. Costs of Issuance, when used with respect to the Bonds, means all costs necessary or attributable to the issuance of the Bonds and which include, but are not limited to, legal fees and expenses, fees and expenses of any financial advisors, cost of audits, costs related to the defeasance and refunding of the Refunded Bonds, advertising and printing expenses, fees and expenses of the fiduciaries, costs of Bond ratings, the initial fees, expenses and other amounts payable to any depositary, or any other person whose services are required with respect to the issuance of the Bonds and the defeasance and refunding of the Refunded Bonds, discounts to the underwriters or other purchasers of the Bonds incurred in the issuance and sale of the Bonds. Council means the City Council of the City, as the same shall be duly and regularly constituted from time to time. DTC means The Depository Trust Company, a limited-purpose trust company organized under the laws of the state of New York, which will act as securities depository for the Bonds, or any successor or substitute depository for the Bonds. EMMA means the MSRB's Electronic Municipal Market Access system, which shall receive all required filings under the Rule at http://emma.msrb.org, or such other municipal securities information repository which may be designated by the Commission or the MSRB from time to time. Escrow Account means the City's "Limited Tax General Obligation Refunding Bonds, 2014 Escrow Account" created by Section 17 of this Ordinance and held by the Escrow Agent to accomplish the refunding of the Refunded Bonds. Escrow Agent means U.S. Bank National Association, appointed herein by the Council to perform the duties of escrow agent described herein and under the Escrow Agreement with respect to the Refunded Bonds. Escrow Agreement means the Escrow Agreement to be executed and delivered by the City and the Escrow Agent as described in Section 16 herein with respect to the Refunded Bonds. Finance Director shall mean the Finance Director of the City, or his or his/her successor in functions, if any. 4 Financial Advisor means Piper Jaffray & Co., Seattle, Washington, the City's financial advisor with respect to the issuance of the Bonds. Government Obligations means cash or any "government obligation," as defined in chapter 39:53 RCW, pledged solely for the redemption of the Refunded Bonds, and referred to in Sections 15 and 17 hereof. Letter of Representations means the Blanket Issuer Letter of Representations, dated November 18, 2003, from the City to DTC. Mayor shall mean the de facto or de jure Mayor of the City, or any presiding officer or titular head of the City or his/her successor in functions, if any. MSRB means the Municipal Securities Rulemaking Board, or any successor to its functions. Net Proceeds when used with reference to the Bonds, shall mean the principal amount of the Bonds, plus accrued interest, if any, and original issue premium, if any, and less original issue discount, if any. Official Statement shall mean the final official statement prepared and delivered in connection with the marketing and sale of the Bonds. Operating Reserve Account shall mean the "City of Spokane Valley Center Place Operating Reserve Account" created by the 2003 Ordinance. Ordinance means this Ordinance No. 14- , enacted by the Council on , 2014, authorizing the sale, issuance and delivery of the Bonds. Outstanding means, when used with reference to the Bonds, as of any particular date, all Bonds that have been issued, executed, authenticated and delivered except: (1) Bonds canceled because of payment prior to their stated dates of maturity; and (2) any Bond (or portion thereof) deemed to have been paid pursuant to Section 10 of this Ordinance. Participants means those broker-dealers, banks and other financial institutions from time to time for which DTC holds the Bonds as securities depository. Preliminary Official Statement shall mean the preliminary official statement of the City prepared and delivered in connection with the marketing and sale of the Bonds. Project means acquisition, construction and equipping of a regional community center at Mirabeau Point, related capital facilities and street improvements, as originally financed, in part, with proceeds of the 2003 Bonds, and to be refinanced with the Bonds. Refunded Bonds means all or any portion of the 2003 Bonds designated as such by an Authorized Representative to be refunded and retired using proceeds of the 2014 Bonds. 5 Registered Owner shall mean the person or persons whose names and addresses shall appear on the Bond Register maintained by the Bond Registrar, as the owner or owners of the Bonds. Rule means the Commission's Rule 15c2-12 under the Securities & Exchange Act of 1934, as the same may be amended from time to time. State means the State of Washington. Term Bonds, if any, shall be any Bond, the payment of the principal of which is to be subject to mandatory redemption payments, as identified in the Bond Purchase Contract. Underwriter means D.A. Davidson & Co., Seattle, Washington, as underwriter of the Bonds. Section 2: Interpretation For all purposes of this Ordinance, except as otherwise expressly provided or unless the context otherwise requires: (A) Internal References. All references in this Ordinance to designated "Sections" and other subdivisions are to the designated sections and other subdivisions of this Ordinance. The words "herein," "hereof," "hereto," "hereby," "hereunder" and other words of similar import refer to this Ordinance as a whole and not to any particular section or other subdivision. (B) Persons. Words importing persons shall include firms, associations, partnerships (including limited partnerships), trusts, corporations and other legal entities, including public boards, as well as natural persons. Words of the masculine gender shall be deemed and construed to include correlative words of the feminine and neuter genders, and vice-versa. Words imparting the singular number shall include the plural number and vice-versa unless the context shall otherwise indicate. (C) Headings. Any headings preceding the texts of the several sections of this Ordinance and the table of contents shall be solely for convenience of reference and shall not constitute a part of this Ordinance, nor shall they affect its meaning, construction or effect. (D) Writing Requirement. Every "notice," "certificate," "consent" or similar action hereunder by the City shall, unless the form thereof is specifically provided, be in writing signed by an authorized representative of the City. (E) Time. In the computation of a period of time from a specified date to a later specified date, the word "from" means "from and including" and each of the words "to" and "until" means "to but excluding." (F) Redemption. Words importing the redemption or redeeming of a Bond or the calling of a Bond for redemption do not include or connote the payment of such Bond at its stated maturity or the purchase of such Bond. 6 (0) Payment Terms. References to the payment of the Bonds shall be deemed to include references to the payment of interest thereon. Section 3: Description of the Bonds Limited tax general obligation bonds of the City, designated as the "City of Spokane Valley, Washington, Limited Tax General Obligation Refunding Bonds, 2014," are hereby authorized to be sold, issued, executed and delivered by negotiated sale pursuant to the laws of the State of Washington, including but not limited to RCW 35A.40, 35.37, 39.36, 39.46 and 39.53. The Bonds shall be dated the date of their initial delivery; shall be in an aggregate principal amount not to exceed $7,900,000; and shall mature not later than December 1, 2033. Interest on the Bonds shall be paid semiannually on each June 1 and December 1, commencing on December 1, 2014, until their respective dates of maturity or redemption. Interest shall be calculated on the basis of a 360-day year consisting of twelve 30-day months. The Bonds shall be subject to redemption prior to maturity as provided in the Bond Purchase Contract. Each Bond shall be issued in fully registered form in authorized denominations of$5,000 and any integral multiple thereof within a single maturity and interest rate and shall be numbered separately in such manner and with any additional designation as the Bond Registrar deems necessary for purposes of identification. The Bonds shall be in substantially the form set forth in Exhibit A attached hereto and by this reference made part of this Ordinance, and shall be executed, authenticated, numbered and registered as provided in Sections 3, 4 and 5 of this Ordinance. Section 4: Execution and Authentication of the Bonds (A) Execution of the Bonds. Without unreasonable delay, the City shall cause definitive Bonds to be prepared, executed, and delivered, which Bonds shall be typewritten and printed on safety paper. The Bonds shall be executed on behalf of the City by the manual signature of the Mayor, shall be attested by the manual signature of the City Clerk and shall have the seal of the City impressed or imprinted thereon. (B) Authentication of the Bonds. The executed Bonds shall then be delivered to the Bond Registrar for authentication. The Bonds shall be numbered separately in the manner and with any additional designation as the Bond Registrar deems necessary for purposes of identification. Only those Bonds that bear a Certificate of Authentication substantially in the form set forth in Exhibit A attached hereto and manually executed by an authorized representative of the Bond Registrar shall be valid or obligatory for any purpose or entitled to the benefits of this Ordinance. Such Certificate of Authentication shall be conclusive evidence that the Bonds so authenticated have been duly executed, authenticated and delivered hereunder and are entitled to the benefits of this Ordinance. (C) Validity of Signatures. In case any of the officers who shall have signed or attested any of the Bonds shall cease to be such officer or officers of the City before the Bonds 7 so signed or attested shall have been authenticated or delivered by the Bond Registrar, or issued by the City, such Bonds may nevertheless be authenticated, delivered and issued, and, upon such authentication, delivery and issue, shall be as binding upon the City as though those who signed and attested the same had continued to be such officers of the City. Any Bond may also be signed and attested on behalf of the City by such persons as at the actual date of execution of such Bond shall be the proper officers of the City although at the original date of such Bond any such person shall not have been such officer of the City. (D) Temporary Bonds. Until the definitive Bonds are prepared, if deemed necessary by the City Clerk, the City may utilize a temporary Bond which shall be typewritten, and which shall be delivered to the Underwriter in lieu of definitive Bonds, but subject to the same provisions, limitations and conditions as the definitive Bonds. Such temporary Bond shall be dated as of the date of the Bonds, shall be in the denomination of not to exceed $7,900,000; shall be numbered T-1; shall be substantially of the tenor of such definitive Bonds, but with such omissions, insertions and variations as may be appropriate to temporary bonds; and shall be manually signed by the Mayor and the City Clerk and shall have the seal of the City impressed or imprinted thereon. The Finance Director shall be the Bond Registrar in the event and for so long as a temporary Bond is utilized. Section 5: Bond Registrar, Authenticating Agent, Paying Agent and Transfer Agent The Washington State Fiscal Agent is hereby appointed as the Bond Registrar, authenticating agent, paying agent and transfer agent with respect to the Bonds, subject to the terms and conditions of this Section 5. (A) Delegated Duties. The Bond Registrar is hereby authorized and directed, on behalf of the City, to authenticate and deliver Bonds initially issued or transferred or exchanged in accordance with the provisions of the Bonds and this Ordinance and to carry out all of the Bond Registrar's powers and duties under this Ordinance and the Washington State Fiscal Agency Agreement between the Washington State Finance Committee and the Bond Registrar (as the same may be amended or readopted from time to time). (B) Bond Register. The Bonds shall be issued only in registered form as to both principal and interest. The Bond Registrar shall keep, or cause to be kept, at its designated corporate trust office the Bond Register which shall at all times be open to inspection by the City. (C) Fees and Costs. Subject to the terms of the Washington State Fiscal Agency Agreement referred to above, the City shall pay to the Bond Registrar from time to time reasonable compensation for all services rendered under this Ordinance together with reasonable expenses, charges, fees of counsel, accountants and consultants and other disbursements, including those of its attorneys, agents and employees, incurred in good faith in and about the performance of their powers and duties under this Ordinance. (D) Representations. The Bond Registrar shall be responsible for its representations contained in the Bond Registrar's Certificate of Authentication on the Bonds. 8 (E) Ownership Rights. The Bond Registrar may become the Registered Owner of Bonds with the same rights it would have if it were not the Bond Registrar, and, to the extent permitted by law, may act as depositary for and permit any of its officers or directors to act as a member of, or in any other capacity with respect to, any committee formed to protect the rights of Registered Owners of the Bonds. Section 6: Book-Entry System Authorized (A) The Bonds shall be initially issued in the form of a separate, single-certificated, fully registered Bond for each maturity, in the aggregate principal amount of such maturity. Upon initial issuance, the ownership of each Bond shall be registered in the Bond Register in the name of Cede & Co., as nominee of DTC, the securities depository for the Bonds. Except as provided in subsection(D) of this Section 6, all of the Bonds shall be registered in the Bond Register in the name of Cede & Co., as nominee of DTC. (B) With respect to Bonds registered in the Bond Register in the name of Cede & Co., as nominee of DTC, the City and the Bond Registrar shall have no responsibility or obligation to any Participant or to any person on behalf of which a Participant holds an interest in the Bonds. Without limiting the immediately preceding sentence, the City and the Bond Registrar shall have no responsibility or obligation with respect to: (1) the accuracy of the records of DTC, Cede & Co. or any Participant with respect to any ownership interest in the Bonds, (2)the delivery to any Participant or any other person, other than a Registered Owner, of any notice with respect to the Bonds, including any notice of redemption, or (3) the payment to any Participant or any other person, other than a Registered Owner, of any amount with respect to principal of, premium, if any, or interest on the Bonds. The City and the Bond Registrar may treat and consider the Registered Owner of each Bond as the absolute owner of such Bond for the purpose of payment of principal, premium, if any, and interest with respect to such Bond, for the purpose of giving notices of redemption and other matters with respect to such Bond, for the purpose of registering transfers with respect to such Bond, and for all other purposes whatsoever. The Bond Registrar shall pay all principal of, premium, if any, and the interest on the Bonds as provided herein, and all such payments shall be valid and effective to fully satisfy and discharge the City's obligations with respect to payment of principal of, premium, if any, and interest on the Bonds to the extent of the sums so paid. No person other than a Registered Owner shall receive a certificated Bond evidencing the obligation of the City to make payments of principal, premium, if any, and interest pursuant to this Ordinance. Upon delivery by DTC to the Bond Registrar of written notice to the effect that DTC has determined to substitute a new nominee in place of Cede & Co., and subject to the provisions herein with respect to the transfer and payment of the Bonds, the phrase "Cede & Co." in this Ordinance shall refer to such new nominee of DTC. (C) The City heretofore has delivered a Letter of Representations to the Bond Registrar and DTC. The delivery of the Letter of Representations shall not in any way limit the provisions of subsection B of this Section 6 or in any other way impose upon the City any obligation whatsoever with respect to persons having interests in the Bonds other than the Registered Owner. The Bond Registrar shall take all action necessary for all representations of the City in the Letter of Representations with respect to the Bond Registrar, to at all times be complied with. 9 (D) (1) DTC may determine to discontinue providing its services with respect to the Bonds at any time by giving notice to the City and to the Bond Registrar, and discharging its responsibilities with respect thereto under applicable law. (2) The City, in its sole discretion and without the consent of any other person, may terminate the services of DTC with respect to the Bonds if the City determines that: (a) DTC is unable to discharge its responsibilities with respect to the Bonds or (b) a continuation of the requirement that all of the Bonds be registered in the Bond Register in the name of Cede & Co., or any other nominee of DTC, is not in the best interest of the beneficial owners of the Bonds. (3) Upon termination of the services of DTC with respect to the Bonds pursuant to subsection(D)(2)(b) of this Section 6, or upon the discontinuance or termination of the services of DTC with respect to the Bonds pursuant to subsection (D)(1) or subsection (D)(2)(a) of this Section 6 after which no substitute securities depository willing to undertake the functions of DTC hereunder can be found that, in the opinion of the City, is willing and able to undertake such functions upon reasonable and customary terms, the City shall deliver certificated Bonds at the expense of the City, as described in this Ordinance, and the Bonds shall no longer be restricted to being registered in the Bond Register in the name of Cede & Co. as nominee of DTC, but may be registered in the names that the Registered Owners transferring or exchanging Bonds shall designate, in accordance with the provisions of this Ordinance. (E) Notwithstanding any other provision of this Ordinance to the contrary, so long as any Bond is registered in the name of Cede & Co., as nominee of DTC, all payments with respect to principal or premium, if any, and interest on such Bond and all notices with respect to such Bond shall be made and given, respectively, in the manner provided in the Letter of Representations. Section 7: Place, Manner and Medium of Payment (A) Payment Medium. Both principal of and interest on the Bonds are payable in lawful money of the United States to the Registered Owners thereof. (B) Payment of Interest. Payment of each installment of interest shall be made to the Registered Owner whose name appears on the Bond Register at the close of business on the fifteenth day of the calendar month preceding the interest payment date. Each installment of interest shall be paid by check or draft of the Bond Registrar mailed to such Registered Owner on the due date at the address appearing on the Bond Register, or at such other address as may be furnished in writing by such Registered Owner to the Bond Registrar. Interest installments may be paid by wire transfer to a Registered Owner of at least $1,000,000 in principal amount of the Bonds, upon written request of such Registered Owner submitted to the Bond Registrar at least 15 days prior to the interest payment date; provided, the costs of such wire transfer shall be paid by such Registered Owner. (C) Payment of Principal. Principal of each Bond shall be payable to the Registered Owner, upon presentation and surrender of the Bonds on or after the date of maturity or the date 10 of prior redemption, whichever occurs first, at the designated corporate trust office of the Bond Registrar. Upon the payment of the Bonds at maturity or the date of prior redemption of any Bond being redeemed, each check or other transfer of money issued for such purpose shall bear the CUSIP number, if any, and identify by issue and maturity the Bonds being paid with the proceeds of such check or other transfer. (D) Interest on Delinquent Amounts. If any Bond is not redeemed when properly presented at its maturity date, the City shall pay interest on that Bond at the same rate provided in the Bond from and after its maturity date until the principal of and interest on that Bond is paid in full or until sufficient money for its payment in full is on deposit in the Bond Fund and the Bond has been called for payment by giving notice to the Registered Owner of that unpaid Bond. (E) Ownership of Bonds. The City and the Bond Registrar may deem and treat the Registered Owner of each Bond as the absolute owner of such Bond for the purpose of receiving payments of principal and interest due on such Bond and for all other purposes, and neither the City nor the Bond Registrar shall be affected by any notice to the contrary. (F) Unclaimed Money. Pursuant to RCW 43.80,160 (as it now reads or is hereafter amended or recodified), an Authorized Representative shall submit a written request to the Bond Registrar that the Bond Registrar return to the City all money previously remitted to the Bond Registrar for the payment of the Bonds that has not been distributed by the Bond Registrar as of one year after the final maturity of all of the Bonds. The Authorized Representative shall deposit such money into a separate account to be held solely for the benefit of the Registered Owners of Bonds which have not been presented for payment, and which shall be used solely for paying the principal of such Bonds and the interest which had accrued thereon to the date of maturity. Interest earnings on the money in such account may be deposited into the Bond Fund to pay the principal of and interest on any Bonds that are Outstanding. Section 8: Transfer and Exchange of the Bonds (A) Transfer of Bonds. Each Bond shall be transferable by the Registered Owner thereof in person, or by its attorney duly authorized in writing, upon due completion of the assignment form appearing thereon and upon surrender of such Bond at the designated corporate trust office of the Bond Registrar for cancellation and issuance of a new Bond registered in the name of the transferee, in exchange therefor. (B) Exchange of Bonds. Each Bond shall be exchangeable by the Registered Owner thereof in person, or by its attorney duly authorized in writing, for one or more new Bonds, upon surrender of such Bond at the designated corporate trust office of the Bond Registrar for cancellation. (C) Authentication and Delivery of New Bonds. Whenever a Bond shall be surrendered for transfer or exchange, the Bond Registrar shall authenticate and deliver to the transferee or exchangee, in exchange therefor, a new fully registered Bond or Bonds of any authorized denomination or denominations, of the same maturity and interest rate as, and for the aggregate principal amount of, the Bond being surrendered. Notwithstanding the foregoing 11 sentence, the Bond Registrar is not required to transfer or exchange any Bond during the 15 days preceding any principal or interest payment date, or the date on which notice of redemption of a Bond is to be given, or after such notice has been given. (D) Payment of Fees and Costs. The Bond Registrar shall require the payment by the Registered Owner requesting such transfer or exchange of any tax, fee or governmental charge required to be paid with respect to such transfer or exchange. Section 9: Mutilated, Destroyed, Lost or Stolen Bonds (A) Issuance of Substitute Bonds. If any Bond shall become mutilated, destroyed, lost or stolen, the affected Registered Owner shall be entitled to the issuance of a substitute Bond only as follows: (1) In the case of a lost, stolen or destroyed Bond, the Registered Owner shall: (a) provide notice of the loss, theft or destruction to the City and the Bond Registrar within a reasonable time after the Registered Owner receives notice of the loss, theft or destruction; (b) request the issuance of a substitute Bond; (c) provide evidence, satisfactory to the City and the Bond Registrar, of the ownership and the loss, theft or destruction of the affected Bond; and (d) file in the offices of the City and the Bond Registrar a written affidavit specifically alleging on oath that such Registered Owner is the proper owner, payee or legal representative of such owner or payee of the Bond that has been lost, stolen or destroyed, giving the date the Bond was issued, the number, principal amount and series of such Bond, and stating that the Bond has been lost, stolen or destroyed, and has not been paid and has not been received by such Registered Owner; (2) In the case of a mutilated Bond, the Registered Owner shall surrender the Bond to the Bond Registrar for cancellation; and (3) In all cases, the Registered Owner shall provide indemnity against any and all claims arising out of or otherwise related to the issuance of substitute Bonds pursuant to this Section 9 satisfactory to the City and the Bond Registrar. Upon compliance with the foregoing, a new Bond of like tenor and denomination, bearing the same number as the mutilated, destroyed, lost or stolen Bond, and with the word "DUPLICATE" stamped or printed plainly on its face, shall be executed by the City, authenticated by the Bond Registrar and delivered to the Registered Owner, all at the expense of the Registered Owner to whom the substitute Bond is delivered. Notwithstanding the foregoing, the Bond Registrar shall not be required to authenticate and deliver any substitute Bond for a Bond which has been called for redemption or which has matured or is about to mature and, in any such case, the principal or redemption price and interest then due or becoming due shall be paid by the Bond Registrar in accordance with the terms of the mutilated, destroyed, lost or stolen Bond without substitution therefor. (B) Notation on the Bond Register. Upon the issuance and authentication of any substitute Bond under the provisions of this Section 9, the Bond Registrar shall enter upon the 12 Bond Register a notation that the original Bond was cancelled and a substitute Bond was issued therefor. (C) Rights of Registered Owners of Substitute Bonds, Every substituted Bond issued pursuant to this Section 9 shall constitute an additional contractual obligation of the City and shall be entitled to all the benefits of this Ordinance equally and proportionately with any and all other Bonds duly issued hereunder unless the Bond alleged to have been destroyed, lost or stolen shall be at any time enforceable by a bona fide purchaser for value without notice. In the event the Bond alleged to have been destroyed, lost or stolen shall be enforceable by anyone, the City may recover the substitute Bond from the Registered Owner to whom it was issued or from anyone taking under the Registered Owner except a bona fide purchaser for value without notice. (D) Exclusive Rights. All Bonds shall be held and owned upon the express condition that the foregoing provisions are exclusive with respect to the replacement or payment of mutilated, destroyed, lost or stolen Bonds, and shall preclude any and all other rights or remedies, notwithstanding any law or statute existing or hereafter enacted to the contrary with respect to the replacement or payment of negotiable instruments or of investment or other securities without their surrender. Section 10: Defeasance of the Bonds In the event that money and/or government obligations (as defined from time to time in RCW 39.53.010) maturing or having guaranteed redemption prices at the option of the owner at such time or times and bearing interest to be earned thereon in such amounts as are sufficient, together with any resulting cash balances, to redeem and retire part or all of the Bonds in accordance with their terms, are hereafter irrevocably set aside in a special account and pledged to effect such redemption and retirement, then no further payments need be made into the Bond Fund or any account therein for the payment of the principal of and interest on the certain Bonds so provided for, and such Bonds and interest accrued thereon shall no longer be deemed to be Outstanding hereunder. If the principal or redemption price of any Bonds becoming due, at maturity or otherwise, together with all interest accruing thereon to the due date, has been paid or provision therefor made in accordance with this Section 10, all interest on such Bonds shall cease to accrue on the due date and all liability of the City with respect to such Bonds shall likewise cease, except as hereinafter provided. Thereafter the Registered Owners of such Bonds shall be restricted exclusively to the funds so deposited for any claim of whatsoever nature with respect to such Bonds, and the Bond Registrar shall hold such funds in trust for such Registered Owners uninvested and without interest. Section 11: Cancellation of Surrendered Bonds Bonds surrendered to the Bond Registrar for payment, redemption, transfer or exchange, as well as Bonds surrendered by the City for cancellation, shall be canceled immediately by the Bond Registrar and returned to the City. Such Bonds thereafter shall be destroyed pursuant to RCW 43.80.130 (as it now reads or is hereafter amended or recodified), the Washington State Fiscal Agency Agreement, or both. 13 Section 12: Issuance, Sale and Delivery of the Bonds Authorized The issuance, sale and delivery of the Bonds to the Underwriter is hereby authorized and approved. The terms of said sale, including any premium or discount, and the terms of the Bonds, including the optional and mandatory redemption provisions for the Bonds, that may be approved by the Authorized Representative, on behalf of the City, will be set forth in the Bond Purchase Contract, substantially in the form filed with the City, with such changes thereto as shall be approved by the Authorized Representative executing such Bond Purchase Contract. The Authorized Representative is hereby authorized, empowered and directed, on behalf of the City, to negotiate, enter into, execute, deliver and approve the final terms of and provisions the Bond Purchase Contract, subject to the limitations and requirements of this Ordinance, including the following limitations: (A) the principal amount of the Bonds maturing on each maturity date, provided the aggregate principal amount of the Bonds does not exceed $7,900,000; (B) the interest rate on the Bonds does not exceed a total interest cost of 4.25% per annum; (C) the date or dates upon which the Bonds shall mature, provided the Bonds shall mature not later than December 1, 2033; (D) as further described in Section 15, the aggregate net present value savings with respect to all Refunded Bonds to be realized as a result of the refunding of the Refunded Bonds, after the payment of the costs of issuance of the Bonds, is at least five percent (5%) of the aggregate principal amount of the Refunded Bonds; (E) the yield and price for each maturity of the Bonds, which price shall be not less than 98 percent nor more than 120 percent of the principal amount of the Bonds; (F) the Bond Purchase Contract is reviewed and approved by the Financial Advisor for the City; and (G) the Bond Purchase Contract is executed prior to December 31, 2014 and the closing of the Bonds shall occur on or before January 31, 2015. The Council hereby finds that the determinations made in this Ordinance are the determnations set forth in RCW 39.46.040, and as such, the Council has fully and properly authorized the issuance, sale and delivery of the Bonds. The Authorized Representative is authorized to negotiate, enter into, execute, deliver and approve final terms and provisions on behalf of the City any and all certificates, agreements or other documents necessary or appropriate to implement the intent and purpose of this Ordinance, and, along with other proper City officials are hereby further authorized, empowered and directed to do everything necessary for the prompt execution and delivery of the Bonds to the Underwriter or other purchaser(s) and for the proper application and use of the proceeds of the sale thereof. 14 Section 13: Pledge of Full Faith and Credit of the City The Bonds are limited tax general obligations of the City and, as such, the full faith, credit of the City are hereby pledged for their payment, within the appropriate constitutional and statutory limitations pertaining to non-voted general obligations. The officers now or hereafter charged by law with the duty of levying taxes for the payment of the Bonds and the interest thereon shall, in the manner provided by law, make annual tax levies upon all of the taxable property within the City sufficient, together with other legally available funds, to meet the annual payments of principal and semiannual payments of interest maturing and accruing on the Bonds as set forth herein, having always in mind the constitutional and statutory tax limitations pertaining to non-voted general obligations. Section 14; Redemption of Bonds Prior to Maturity (A) Redemption. The Bonds may be subject to redemption prior to their stated dates of maturity at the times and prices and in the manner specified in the Bond Purchase Contract, subject to the approval of the Authorized Representative in consultation with the City's Financial Advisor, Bond Counsel and the Underwriter. (B) Partial Redemption. In accordance with the preceding paragraph, portions of the principal amount of any Bond, in installments of$5,000 or any integral multiple of$5,000, may also be redeemed. If less than all the principal amount of any Bond is redeemed, upon surrender of such Bond at the designated corporate trust office of the Bond Registrar there shall be issued to the Registered Owner, without charge therefor, for the then unredeemed balance of the principal amount thereof, a new Bond or Bonds, at the option of the Registered Owner, with like maturity and interest rate, in any denomination authorized by this Ordinance. (C) Notice of Redemption. Unless waived by the Registered Owner of any Bond to be redeemed, notice of any such redemption shall be sent by the Bond Registrar by first-class mail, postage prepaid, not less than 20 nor more than 60 days prior to the date fixed for redemption to the Registered Owner of each Bond to be redeemed at the address shown on the Bond Register, or at such other address as may be furnished in writing by such Registered Owner to the Bond Registrar. Such notice of redemption given hereunder shall include the following information: (a) the date fixed for redemption; (b) the redemption price; (c) if less than all Bonds Outstanding are to be redeemed, the identification (and, in the case of partial redemption, the respective principal amounts) of the Bonds to be redeemed; (d) notification that on the date fixed for redemption the redemption price shall become due and payable upon each such Bond or portion thereof called for redemption, and that interest thereon shall cease to accrue from and after such date; (e) the place where such Bonds are to be surrendered for payment of the redemption price, which place of payment shall be the designated corporate trust office of the Bond Registrar; (f) the CUSIP numbers, if any, of all Bonds being redeemed; (g) the date of issue of the Bonds as originally issued; (h) the rate of interest borne by each Bond being redeemed; (i) the maturity date of each Bond being redeemed; and (j) any other descriptive information needed to identify accurately the Bonds being redeemed. The requirements of this subsection (C) shall be deemed to be complied with when notice is mailed as herein provided, regardless of whether it is actually received by the Registered Owner of any Bond to be redeemed. 15 (D) Conditional Notice. Any notice given pursuant to this Section 14 may be rescinded by written notice given to the Bond Registrar no later than two (2) business days prior to the date specified for redemption. The Bond Registrar shall give notice of such rescission as soon thereafter as practicable, and to the same Registered Owners, as notice of such redemption was given pursuant to this Section 14. (E) Notice of Redemption to DTC. For so long as DTC is the securities depository for the Bonds, the Bond Registrar shall send redemption and defeasance notices to DTC in the manner required by the Letter of Representations and DTC's operational procedures as then in effect. (F) Effect of Redemption. When so called for redemption, such Bonds shall cease to accrue interest on the date fixed for redemption, provided funds for redemption are on deposit at the place of payment at that time, and such Bonds shall not be deemed to be outstanding as of such dated fixed for redemption. (G) Additional Redemption Notice. In addition to the notice required by subsection (C) above, further notice may be given by the Bond Registrar at least 30 days before the date fixed for redemption by first-class mail, postage prepaid to: (a) all registered securities depositories then in the business of holding substantial amounts of obligations such as the Bonds, such depositories now being DTC; and to (b) one or more national information services that disseminate notices of redemption of obligations such as the Bonds (such as EMMA), any failure to give all or any portion of such further notice shall in any manner defeat the effectiveness of a call for redemption if notice thereof is given as prescribed in subsection (C). (I) Open Market Purchase and Cancellation. The City reserves the right to purchase any of the Bonds on the open market at any time at any price. To the extent the City purposes Term Bonds on the open market, the City may reduce, at its discretion, the amount of any mandatory sinking fund deposit or deposits by an aggregate principal amount equal to the principal amount of the Term Bonds so purchased. Any Bonds so purchased or redeemed shall be cancelled. Section 15: Plan of Refunding (A) Designation of the Refunded Bonds. The Authorized Representative is hereby authorized, empowered, on behalf of the City, to select for defeasance and redemption all or any portion of the 2003 Bonds set forth in the table below, such 2003 Bonds to be designated the Refunded Bonds, provided that the aggregate net present value savings with respect to all Refunded Bonds to be realized as a result of the refunding of the Refunded Bonds, after the payment of the costs of issuance of the Bonds, is at least five percent (5%) of the aggregate principal amount of the Refunded Bonds. 16 2003 Bonds Payment Date Principal Interest CUSIP Nos. December 1, 2014 $ 270,000 4.00% 849063AL6 December 1, 2015 285,000 4.00 849063AM4 December 1,2016 300,000 4.00 849063AN2 December 1, 2017 315,000 4.15 849063AP7 December 1, 2018 360,000 4.25 849063AQ5 December 1, 2019 395,000 5.00 849063AR3 December 1, 2020 440,000 5.00 849063AS1 December 1, 2021 485,000 5.00 849063AT9 December 1, 2022 525,000 5.00 849063AU6 December 1, 2023 580,000 5.00 849063AV4 December 1, 2025* 940,000 5.00 849063AW2 December 1, 2033* 2,540,000 5.00 849063AX0 * Term Bonds. (B) Payments on the Refunded Bonds. The City shall, at such time as the Bonds are delivered, irrevocably deposit Government Obligations in a sufficient amount to pay the interest on the Refunded Bonds to and including the date the Refunded Bonds are to be refunded and retired, and to refund and retire the Refunded Bonds on such date, at the price of par. Any amounts necessary to pay and retire the Refunded Bonds that are not provided for in full by the purchase and deposit of the Government Obligations shall be provided for by an irrevocable deposit of cash from the proceeds of the Bonds or from other legally available money of the City. (C) Notice of Redemption. Upon the issuance of the Refunding Bonds and the funding the Escrow Account, as described in Section 17, of this Ordinance, the Escrow Agent is hereby directed to give notice of the redemption of the Refunded Bonds in substantially the form set forth in the Escrow Agreement and in the manner required by the 2003 Ordinance. Section 16: The Escrow Agent; Escrow Agreement The City hereby appoints U.S. Bank National Association to serve as Escrow Agent with respect to the Refunded Bonds. The Authorized Representative is hereby authorized, empowered and directed to execute and deliver an Escrow Agreement for the Refunded Bonds in substantially the form on file with the City, with such changes thereto as shall be approved by the Authorized Representative executing such Escrow Agreement. Section 17: The Escrow Account (A) Creation of the Escrow Account. The Escrow Agent is hereby authorized and directed to establish a special account for the City designated the "Limited Tax General Obligation Bonds, 2003 Escrow Account," or such other designation conforming to accounting principles and banking practices. (B) Deposits into the Escrow Account. The net proceeds of the Bonds allocable to the defeasance and redemption of the Refunded Bonds other than: (1) accrued interest, if any, 17 received from the sale of the Bonds, which shall be deposited into the Bond Fund; (2) amounts paid to the Underwriter as Underwriter's discount, which shall be retained by the Underwriter and (3) amounts, if any, received due to rounding the principal amount of the Bonds to the next denomination of$5,000 and to pay for any contingencies, which shall be deposited into the Bond Fund; shall be deposited into the Escrow Account and used to acquire Government Obligations and to pay the costs of issuing the Bonds on the issue date of the Bonds. Such Government Obligations, together with any cash balance remaining after the Government Obligations are purchased and the costs of issuing the Bonds have been paid, shall be irrevocably deposited into the Escrow Account. The Government Obligations and money to be deposited into the Escrow Account shall be held by the Escrow Agent in trust. All Government Obligations, all proceeds thereof, and all money credited to the Escrow Account shall be deemed so credited to and held in the Escrow Account notwithstanding the fact that such Government Obligations, proceeds and money therein are held by the Escrow Agent in trust for the owners of the Refunded Bonds. (C) Irrevocable Pledge of Amounts in the Escrow Account. The City hereby irrevocably pledges, at such time as the Bonds are delivered, the Government Obligations and amounts on deposit in the Escrow Account to pay the interest on the Refunded Bonds up to and including the date the Refunded Bonds are to be refunded and retired, and to refund and retire the Refunded Bonds on such date at the price of par. Such Government Obligations are hereby irrevocably pledged to be set aside to effect such payment, redemption and retirement. (D) Use of Money in the Escrow Account. The Escrow Agent, on behalf of the City, is hereby authorized and directed to use the proceeds of the Bonds, together with other legally available money of the City, to purchase Government Obligations in the amounts, of the type, bearing interest and maturing in such amounts as are necessary to make the payments described in Section 15 of this Ordinance. The investment income from and maturing principal of the Government Obligations and money to be deposited into the Escrow Account shall be transmitted to the Washington State Fiscal Agent, as Bond Registrar for the City, for the sole purpose of paying the principal of and interest on the Refunded Bonds as herein provided. (E) Surplus Money. My money remaining on deposit in the Escrow Account after the payment in full of the Refunded Bonds and the costs of issuing the Bonds, as herein set forth, shall be transferred by the Escrow Agent to the City and deposited into the Bond Fund. (F) Verification Report. Prior to the delivery of the Bonds, the City shall receive an opinion of a nationally recognized firm of independent certified public accountants or from a nationally recognized financial advisor, stating, in substance, that the money and Government Obligations to be deposited with the Escrow Agent for the payment of the Refunded Bonds will discharge and satisfy the City's obligations under the 2003 Ordinance to make payments on the Refunded Bonds. Such opinion will not be required in the event the City deposits sufficient funds at closing to provide for all debt service payments, without taking into account interest earnings thereon. Section 18: The Bond Fund (A) Continuation of the Bond Fund. There was created under the 2003 Ordinance, and shall continue to be maintained so long as the Bonds remain Outstanding, by the Finance 18 Director, a fund separate and distinct from all other funds of the City known as the "LTGO Debt Service Fund" (the "Bond Fund"), which shall be drawn upon for the sole purpose of paying when due the principal of and interest on the Bonds and all other limited tax general obligations bonds of the City. The proceeds of the taxes levied and collected pursuant to Section 13 hereof, together with other legally available money, shall be deposited in the Bond Fund immediately upon their collection, and thereafter held in the Bond Fund until withdrawn for the purposes of this Section 18. Any accrued interest paid to the City as Bond proceeds shall be deposited into the Bond Fund. The Finance Director is hereby authorized and directed to pay to the Bond Registrar, in its capacity as the City's paying agent, all payments of principal and interest on the Bonds in sufficient time for such payments to be made. (B) Maintenance and Investment of Money in the Bond Fund. The Bond Fund shall be maintained by the Finance Director until the principal of and interest on the Bonds, and all other limited tax general obligations of the City, have been fully paid. Money in the Bond Fund may be invested as permitted by law and the investment policy of the City, which investments shall mature prior to the date on which such money shall be needed for required interest or principal payments. All interest earned and income derived by virtue of such investments shall remain in the Bond Fund and be used to meet the required deposits therein. Section 19: Operating Reserve Account There was created under the 2003 Ordinance and shall continue to be maintained, so long as the Bonds remain Outstanding, by the Finance Director a fund known as the "City of Spokane Valley CenterPlace Operating Reserve Account" (herein called the "Operating Reserve Account"), in which the City covenanted in the 2003 Ordinance to maintain a balance of the $300,000. Moneys in the Operating Reserve Account shall be available for use in the payment of expenses associated with the Project, including but not limited to operation and maintenance expenses, debt service and capital repairs. If the City makes a draw on the funds in the Operating Reserve Account, it shall at the same time file a plan for the replenishment of the funds withdrawn. The City covenants to use all reasonable efforts to follow such a plan for replenishment. Section 20: Tax Exemption and Non-Arbitrage Covenants (A) Compliance with the Code for the Bonds. The City covenants to comply with each requirement of the Code necessary to maintain the exclusion of interest on the Bonds from gross income for federal income tax purposes. In furtherance of the covenant contained in the preceding sentence, the City covenants to comply with the provisions of the Tax Certificate executed by the City on the date of initial issuance and delivery of the Bonds, as such Tax Certificate may be amended from time to time. (B) Necessary Payments, The City covenants to make any and all payments required to be made to the United States Department of the Treasury in connection with the Bonds pursuant to Section 148(f) of the Code. 19 (C) Survival of Tax Covenants. Notwithstanding any other provision of this Ordinance to the contrary, so long as necessary to maintain the exclusion from gross income of interest on the Bonds for federal income tax purposes, the covenants contained in this Section 20 shall survive the payment of the Bonds and the interest thereon, including any payment or defeasance thereof pursuant to Section 10 of this Ordinance. (D) Remedies. Notwithstanding any other provision of this Ordinance to the contrary, (1) upon the City's failure to observe or refusal to comply with the above covenants, the Registered Owners, or any trustee acting on their behalf, shall be entitled to the rights and remedies provided to the Registered Owners under this Ordinance with respect to enforcement of the above covenants, and (2) neither the holder or registered owner of bonds of any series other than the Bonds, nor any trustee acting on their behalf, shall be entitled to exercise any right or remedy provided to the Registered Owners under this Ordinance based upon the City's failure to observe, or refusal to comply with, the above covenants of this Section 20. Section 21: Bonds Designated as "Qualified Tax-Exempt Obligations" The Bonds are hereby designated as "qualified tax-exempt obligations" as defined in Section 265(b) of the Code. The City covenants that it shall not designate more than $10,000,000 of tax-exempt obligations during the calendar year 2014. The City does not reasonably anticipate that it will issue in the aggregate more than $10,000,000 principal amount of tax-exempt obligations during the calendar year 2014. Section 22: Preliminary Official Statement; Official Statement (A) Preliminary Official Statement. The Preliminary Official Statement relating to the Bonds, in substantially the form presented to and considered at this meeting and which is on file with the Clerk, shall be and hereby is authorized and approved and shall be delivered to the Underwriter with such changes therein from such form as shall be deemed appropriate an in the best interests of the City, upon consultation with counsel, by the Authorized Representative, such approval to be evidenced conclusively by the delivery of the Preliminary Official Statement to the Underwriter, as so added to or changed. The Underwriter is hereby authorized to distribute the Preliminary Official Statement in connection with the offer and sale of the Bonds. Prior to the distribution of the Preliminary Official Statement, the Authorized Representative shall be and is hereby authorized, empowered and directed to deem the Preliminary Official Statement final for purposes of Rule 15c2-12 of the Securities and Exchange Commission, such action to be conclusively evidenced by delivery of each Preliminary Official Statement to the Underwriter. (B) Official Statement. The Authorized Representative shall be and is hereby authorized, empowered and directed to execute and deliver a final Official Statement with such changes therein from the Preliminary Official Statement as such officer shall deem appropriate and in the best interests of the City, as conclusively evidenced by his or her execution thereof. The Underwriter is hereby authorized to distribute the Official Statements in connection with the offer and sale of the Bonds. 20 (C) Preparation of Preliminary Official Statement and Official Statement. The Underwriter is hereby authorized to prepare the Preliminary Official Statement and the final Official Statement for the Bonds. Section 23: Undertaking to Provide Continuing Disclosure The Authorized Representative of the City shall be and is hereby authorized, empowered and directed to execute and deliver upon the issuance, sale and delivery of the Bonds a Continuing Disclosure Certificate in substantially the form attached hereto as Exhibit B, with such changes thereto as shall be approved by the Authorized Representative executing such Continuing Disclosure Certificate. Section 24: Amendments to Ordinance (A) Amendments Not Requiring Registered Owner Consent. The Council may adopt at any time ordinances supplemental hereto, which ordinances thereafter shall become a part of this Ordinance, for any one or more of all of the following purposes: (1)to add to or delete from the covenants and agreements of the City in this Ordinance, or to surrender any right or power reserved to the City herein, provided such additions or deletions shall not adversely affect, in any material respect, the interests of the Registered Owners of any Bonds; and (2) to cure, correct or supplement any ambiguous or defective provision contained in this Ordinance, provided such supplemental ordinance shall not adversely affect, in any material respect, the interests of the Registered Owners of the Bonds. Any such supplemental ordinance may be adopted without the consent of the Registered Owners of any Bonds at any time Outstanding, notwithstanding any of the provisions of subsection(B) of this Section 24. (B) Amendments Requiring Registered Owner Consent. With the consent of the Registered Owners of not less than 65 percent in aggregate principal amount of the Bonds at the time Outstanding, the Council may adopt an ordinance or ordinances supplemental hereto for the purpose of adding any provisions to, or changing in any manner, or eliminating any of the provisions of this Ordinance or of any supplemental ordinance; provided, however, that no such supplemental ordinance shall: (1) extend the fixed maturity of any Bonds, or reduce the rate of interest thereon, or extend the time of payments of interest from their due date, or reduce the amount of the principal thereof, or alter the redemption provisions pertaining thereto, without the consent of the Registered Owner of each Bond so affected; or (2) reduce the aforesaid percentage of Registered Owners required to approve any such supplemental ordinance, without the consent of the Registered Owners of all of the Bonds then Outstanding. It shall not be necessary for the consent of Registered Owners under this subsection (B) to approve the particular form of any proposed supplemental ordinance, but it shall be sufficient if such consent shall approve the substance thereof. (C) Effect of Supplemental Ordinances. Upon the adoption of any supplemental ordinance pursuant to the provisions of this Section 24, this Ordinance shall be deemed to be modified and amended in accordance therewith, and the respective rights, duties and obligations of the City under this Ordinance and all Registered Owners of Bonds Outstanding hereunder shall thereafter be determined, exercised and enforced thereunder, subject in all respects to such 21 modification and amendments, and all terms and conditions of any such supplemental ordinance shall be deemed to be part of the terms and conditions of this Ordinance for any and all purposes. (D) Notations; Replacement Bonds. Bonds executed and delivered after the execution of any supplemental ordinance adopted pursuant to the provisions of this Section 24 may have a notation as to any matter provided for in such supplemental ordinance, and if such supplemental ordinance shall so provide, new Bonds so modified as to conform in the opinion of the Council to any modification of this Ordinance contained in any such supplemental ordinance, may be prepared and delivered without cost to the Registered Owners of any affected Bonds then Outstanding, upon surrender for cancellation of such Bonds in equal aggregate principal amounts. Section 25; Authority to Obtain Municipal Bond Insurance If deemed desirable, the Authorized Representative is hereby authorized and empowered to obtain municipal bond insurance policy to secure the payment of the principal of and interest on the Bonds and to negotiate, enter into, execute and deliver, on behalf of the City, specific instruments, documents, agreements or certificates that may be reasonably necessary to secure such municipal bond insurance policy. Section 26: Post-Issuance Compliance Procedures The Authorized Representative is hereby authorized and empowered to cause the preparation of and to adopt, execute and deliver on behalf of the City Post-Issuance Compliance Procedures to ensure compliance with the requirements of the Code and any other applicable regulations, as well as with the City's continuing disclosure undertakings, with respect to the Bonds and to any other bonds issued by the City. Section 27: Ratification All actions not inconsistent with the provisions of this Ordinance heretofore taken by the Council and its employees with respect to the redemption of the Refunded Bonds and the issuance, sale and delivery of the Bonds, are hereby in all respects ratified, approved and confirmed. Section 28: General Authorization. The Authorized Officers and other officers, agents and employees of the City are hereby authorized and directed in the name of and on behalf of the City to take any and all steps, and to execute any and all certificates, documents, agreements, notices and consents which any of them may deem necessary or appropriate in order to accomplish the lawful issuance, sale and delivery of the Bonds. Section 29: Contract; Severability The covenants contained in this Ordinance and in the Bonds shall constitute a contract between the City and the holder of each and every Bond. All the covenants promises and 22 agreements in this Ordinance contained by or on behalf of the City, or by or on behalf of the Bond Registrar, shall bind and inure to the benefit of their respective successors and assigns, whether so expressed or not. If any one or more of the covenants or agreements provided in this Ordinance to be performed on the part of the City shall be declared by any court of competent jurisdiction to be contrary to law, then such covenants or agreements, shall be null and void and shall be deemed separable from the remaining covenants and agreements in this Ordinance and shall in no way affect the validity of the other provisions of this Ordinance or of any Bonds. Section 30: Repealer All ordinances or resolutions or parts thereof in conflict herewith are, to the extent of such conflict, hereby repealed, and shall have no further force or effect. Section 31: No Personal Recourse No recourse shall be had for any claim based on this Ordinance or the Bonds against any Council member or the City, nor any officer or employee, past, present or future, of the City or of any successor body as such, either directly or through the City or any such successor body, under any constitutional provision, statute or rule of law or by the enforcement of any assessment or penalty or otherwise. [Remainder of page intentionally blank] 23 Section 31: Effective Date This Ordinance shall be effective from and after its adoption and five days after its publication, or a publication of its summary, in the official newspaper of the City. PASSED AND ADOPTED by the Council of the City of Spokane Valley, Spokane County, Washington, at a regular meeting thereof, held this th day of , 2014. CITY OF SPOKANE VALLEY Spokane County, Washington Mayor ATTEST: City Clerk ( SEAL ) Date of Publication: Effective Date: 24 * * * * * x * * x x x x re x 3r rx x x CERTIFICATE I, the undersigned City Clerk of the City of Spokane Valley, of Spokane County, Washington, HEREBY CERTIFY that the foregoing ordinance is a full, true and correct copy of an ordinance duly adopted at a regular meeting of the City Council of said City duly and regularly held at the regular meeting place thereof on [ I, 2014, of which meeting all members of such Council had due notice and at which a majority thereof was present; and that at such meeting such ordinance was adopted by the following vote: AYES, and in favor thereof: NAYS: ABSENT: ABSTAIN: I FURTHER CERTIFY that I have carefully compared the same with the original Ordinance on file and of record in my office; that such Ordinance is a full, true and correct copy of the original Ordinance adopted at such meeting; and that such Ordinance has not been amended, modified or rescinded since the date of its adoption, and is now in full force and effect. IN WITNESS WHEREOF, I have set my hand and affixed the official seal of such City on [ 1, 2014. City Clerk ( SEAL) 25 EXHIBIT A FORM OF BOND No. $ UNITED STATES OF AMERICA STATE OF WASHINGTON COUNTY OF SPOKANE CITY OF SPOKANE VALLEY,WASHINGTON LIMITED TAX GENERAL OBLIGATION REFUNDING BONDS, 2014 The City has designated the Bonds as "Qualified Tax-Exempt Obligations" Unless this Bond is presented by an authorized representative of The Depository Trust Company, a New York corporation ("DTC"), to the Registrar for registration of transfer, exchange, or payment, and any Bond issued is registered in the name of Cede & Co., or in such other name as is requested by an authorized representative of DTC (and any payment is made to Cede & Co., or to such other entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the Registered Owner hereof Cede & Co., has an interest herein. INTEREST RATE: MATURITY DATE: CUSIP NO.: The CITY OF SPOKANE VALLEY, of Spokane County, Washington (the "City"), a duly incorporated and existing city under and by virtue of the Constitution and laws of the State of Washington (the "State"), hereby acknowledges itself indebted and for valued received promises to pay to: CEDE & CO. or registered assigns, on the Maturity Date set forth above, the principal sum of: 1 AND NO/100 DOLLARS and to pay interest thereon from the City of Spokane Valley Limited Tax General Obligation Refunding Bond -- Debt Service Fund (the "Bond Fund") from , 2014, or from the most recent date to which interest has been paid or duly provided for, whichever is later, at the Interest Rate per annum set forth above, payable commencing on December 1, 2014, and semiannually thereafter on each June 1 and December 1,to the Maturity Date set forth above or to the date of prior redemption, whichever occurs first. Interest shall be calculated on the basis of a 360-day year consisting of twelve 30-day months. Any capitalized term used in this Bond and not otherwise A-1 defined herein shall have the same meaning as in the Ordinance No. 14- , adopted by the City Council of the City (the "Council") on , 2014 (the "Ordinance"). The principal of and interest on this Bond are payable in lawful money of the United States of America to the Registered Owner hereof, whose name and address shall appear on the registration books of the City (the "Bond Register") maintained by the Washington State Fiscal Agent in New York, New York (the "Bond Registrar"). Interest shall be paid to the Registered Owner whose name appears on the Bond Register at the close of business on the fifteenth day of the calendar month preceding the interest payment date, and shall be paid by check or draft of the Bond Registrar mailed to such Registered Owner on the due date at the address appearing on the Bond Register, or at such other address as may be furnished in writing by such Registered Owner to the Bond Registrar. Interest installments may be paid by wire transfer to a Registered Owner of at least $1,000,000 in principal amount of the Bonds, upon written request of such Registered Owner submitted to the Bond Registrar at least 15 days prior to the interest payment date; provided the costs of such wire transfer shall be paid by such Registered Owner. Principal of this Bond shall be paid to the Registered Owner upon presentation and surrender of this Bond on or after the Maturity Date set forth above or date of prior redemption of this Bond, whichever occurs first, at the designated corporate trust office of the Registrar. The City and the Bond Registrar may deem and treat the Registered Owner of this Bond as the absolute owner of this Bond for the purpose of receiving payments of principal and interest due on this Bond and for all other purposes, and neither the City nor the Bond Registrar shall be affected by any notice to the contrary. Reference is hereby made to the Additional Provisions of this Bond set forth on page 3 hereof, and such Additional Provisions shall for all purposes have the same effect as if set forth in this space. This Bond shall not be valid or become obligatory for any purpose or be entitled to any security or benefit under the Ordinance until the Certificate of Authentication hereon is manually signed by the Bond Registrar. IT IS HEREBY CERTIFIED, RECITED AND DECLARED that this Bond and the series of which it is one, is issued pursuant to and in strict compliance with the Constitution and the laws of the State now in force and the ordinances and resolutions of the City, specifically the Ordinance; and that all acts, conditions and things required to be done precedent to and in the issuance of this Bond have happened, been done and been performed; and that the issuance of this Bond and the Bonds of this series does not exceed any constitutional, statutory or other limitation upon the amount of bonded indebtedness the City may incur. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] A-2 IN WITNESS WHEREOF, the City of Spokane Valley, of Spokane County, Washington, has caused this Bond to be executed by the manual signature of its Mayor, attested by the manual signature of its City Clerk, and impressed with its seal on , 2014. CITY OF SPOKANE VALLEY, Spokane County, Washington (Manual Signature) Mayor ATTEST: (Manual Signature) City Clerk (S E A L) CERTIFICATE OF AUTHENTICATION Date of Authentication: This Bond is one of the City of Spokane Valley, Washington Limited Tax General Obligation Refunding Bonds, 2014, dated , 2014, and described in the within- mentioned Ordinance. WASHINGTON STATE FISCAL AGENT, as Bond Registrar By Authorized Officer A-3 ADDITIONAL PROVISIONS This Bond is one of a duly authorized series of Bonds of like date, tenor and effect, except for variations required to state denominations, redemption provisions, numbers, interest rates, and dates of maturity, aggregating the principal sum of $ . The Bonds are issued in fully registered form in denominations of$5,000 each or any integral multiple thereof within a single maturity, and mature on December 1 of the years 20_ through 20_, inclusive and in the year 20_. Capitalized terms used in this Bond shall have the meanings given to them in the Ordinance. The Bonds are issued by the City pursuant to and in full compliance with the Constitution and the laws of the State now in force, particularly RCW 35A.40, 35.37, 39.36, 39.46 and 39.53, and proceedings duly adopted and authorized by the Council, more particularly the Ordinance, for the purpose of(i) funding the defeasance and redemption of the City's Limited Tax General Obligation Bonds, 2003 (the "Refunded Bonds") and (ii)paying costs of issuing the Bonds, all as more particularly described in the Ordinance. The Bonds are limited tax general obligations of the City, and, as such, the full faith, credit and resources of the City have been irrevocably pledged for the punctual and full payment of the principal and interest on the Bonds within the appropriate constitutional and statutory tax limitations pertaining to non-voted general obligations. The officers now or hereafter charged by law with the duty of levying taxes for the payment of such Bonds shall make annual levies upon all of the taxable property within the City, which, together with other legally available money, shall be sufficient in amount to meet the annual payments of principal and the semiannual payments of interest maturing and accruing on the Bonds. [REDEMPTION PROVISIONS TO COME] Notice of any such redemption, unless waived by the Registered Owner of any Bond to be redeemed, shall be sent by the Bond Registrar by first-class mail, postage prepaid, not less than 20 nor more than 60 days prior to the date fixed for redemption, to the Registered Owner of each Bond to be redeemed, at the address shown on the Bond Register, or at such other address as may be furnished in writing by such Registered Owner to the Bond Registrar. Such requirements shall be deemed to be complied with when notice is mailed as herein provided, regardless of whether or not it is actually received by the Registered Owner of any Bond to be redeemed. When so called for redemption, the Bonds shall cease to accrue interest on the specified dated fixed for redemption, provided money for redemption is on deposit at the place of payment at that time, and shall not be deemed to be Outstanding as of such date fixed for redemption. The City retains the right to rescind the redemption notice and the related redemption of Bonds by giving a notice of rescission to the affected Registered Owners at any time up to 1 1 days prior to the scheduled dated fixed for redemption. Any notice of redemption that is so rescinded shall be of no effect, and the Bonds for which the notice of redemption has been rescinded shall remain outstanding. The City has reserved the right to purchase the Bonds on the open market at any time and at any price. To the extent the City purchases the Term Bonds on the open market, the City may, A-4 at its discretion, reduce the amount of any mandatory sinking fund deposit or deposits by an aggregate principal amount equal to the principal amount of the Term Bonds so purchased. Any Bonds so purchased or redeemed shall be cancelled. This Bond is transferable or exchangeable by the Registered Owner hereof in person, or by its attorney duly authorized in writing, upon due completion of the Assignment appearing hereon and upon presentation and surrender of this Bond at the designated corporate trust office of the Bond Registrar. Upon such transfer or exchange, a new Bond or Bonds of any authorized denomination, of the same maturity and interest rate, and for the same aggregate principal amount of the Bond being surrendered will be issued to the transferee or exchangee, in exchange therefor. The Registrar is not required to transfer or exchange any Bond during the 15 days preceding any principal or interest payment date, or the date on which notice of redemption of a Bond is to be given or after such notice has been given. Reference is hereby made to the Ordinance for the covenants and declarations of the City and other terms and conditions under which this Bond and the Bonds of this series have been issued. The covenants contained herein and in the Ordinance, as they may apply to this Bond, may be discharged by making provision, at any time, for the payment of the principal of and interest on this Bond in the manner provided in the Ordinance. LEGAL OPINION I, the undersigned City Clerk of the City of Spokane Valley, of Spokane County, Washington, DO HEREBY CERTIFY that the legal opinion of Orrick, Herrington & Stucliffe LLP, of Portland, Oregon, which opinion was dated the date of delivery of the Bonds described therein, was delivered to me on said date, and is now part of the permanent records of the City. CITY OF SPOKANE VALLEY, Spokane County, Washington (Manual Signature) City Clerk A-5 The following abbreviations, when used in the inscription on the face of this Bond, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM - as tenants in common UNIF GIFT MIN ACT - under Uniform Transfer to Minors Act TEN ENT - as tenants by the entireties (Custodian) (Minor) JT TEN - as joint tenants with right of survivorship and not as tenants in common (State) Additional abbreviations may also be used although not in the above list. ASSIGNMENT FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto Name of Transferee: Address: Tax Identification No.: the within Bond and hereby irrevocably constitutes and appoints to transfer such Bond on the books kept for registration thereof with full power of substitution in the premises. Registered Owner NOTE: The signature on this Assignment must correspond with the name of the Registered Owner as it appears upon the face of the within Bond in every particular, without alteration or enlargement or any change whatsoever. Dated: SIGNATURE GUARANTEED: Bank, Trust Company or Member Firm of the New York Stock Exchange Authorized Officer A-6 EXHIBIT B FORM OF CONTINUING DISCLOSURE CERTIFICATE B-1 SUMMARY OF ORDINANCE NO. 14- FOR PUBLICATION CITY OF SPOKANE VALLEY SPOKANE COUNTY, WASHINGTON 57,900,000 LIMITED TAX GENERAL OBLIGATION REFUNDING BONDS, 2014 The title of Ordinance No. 14- , adopted by the City Council of the City of Spokane Valley, Washington, on , 2014, is as follows: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SPOKANE VALLEY, OF SPOKANE COUNTY, WASHINGTON, AUTHORIZING THE SALE, ISSUANCE AND DELIVERY OF NOT TO EXCEED 57,900,000 AGGREGATE PRINCIPAL AMOUNT OF ITS CITY OF SPOKANE VALLEY, WASHINGTON, LIMITED TAX GENERAL OBLIGATION REFUNDING BONDS, 2014, TO CURRENTLY REFUND ALL OR A PORTION OF THE CITY'S LIMITED TAX GENERAL OBLIGATION BONDS, 2003; PROVIDING FOR PAYMENT OF THE PRINCIPAL AND INTEREST ON THE BONDS BY ANNUAL LEVIES OF TAXES; FIXING THE DATE, FORM, CERTAIN TERMS AND COVENANTS OF SUCH 2014 BONDS; DELEGATING TO THE AUTHORIZED REPRESENTATIVE OF THE CITY THE AUTHORITY TO ESTABLISH CERTAIN TERMS OF THE BONDS WITHIN THE PARAMETERS OF THIS ORDINANCE; ADOPTING A REFUNDING PLAN; AUTHORIZING THE EXECUTION OF AN ESCROW AGREEMENT; AUTHORIZING THE PURCHASE OF CERTAIN GOVERNMENT OBLIGATIONS; PROVIDING FOR THE CALL, PAYMENT AND REDEMPTION OF THE REFUNDED BONDS; PROVIDING FOR THE REGISTRATION AND AUTHENTICATION OF THE BONDS; DESIGNATING A BOND REGISTRAR; CREATING AND ADOPTING CERTAIN FUNDS AND ACCOUNTS AND PROVIDING FOR DEPOSITS THEREIN; COVENANTING TO COMPLY WITH CERTAIN FEDERAL TAX AND SECURITIES LAWS; AND PROVIDING FOR OTHER MATTERS PROPERLY RELATING THERETO A copy of the entire Ordinance is on file with the City Clerk and available for review during normal office hours. CITY OF SPOKANE VALLEY, Spokane County Washington , City Clerk ( SEAL ) B-2 OHS DRAFT DISTRIBUTED: 06/16/14 ESCROW DEPOSIT AGREEMENT between THE CITY OF SPOKANE VALLEY, WASHINGTON the City and U.S. BANK NATIONAL ASSOCIATION as Escrow Agent Relating To The Current Refunding and Defeasance of: City of Spokane Valley, Washington Limited Tax General Obligation Bonds, 2003 Dated , 2014 ORRICK, HERRINGTON & SUTCLIFFE LLP ESCROW DEPOSIT AGREEMENT THIS ESCROW DEPOSIT AGREEMENT (the "Agreement"), dated , 2014, is by and between the City of Spokane Valley, Washington (the "City") and U.S. Bank National Association, having corporate trust offices in Seattle, Washington, and being qualified to accept and administer the trusts hereby created as escrow agent (the "Escrow Agent"). WITNESSETH: WHEREAS, in accordance with the provisions of Ordinance No. 14- (the "2014 Ordinance"), enacted by the City Council of the City (the "City Council") on 2014, and pursuant to the applicable provisions of the Revised Code of Washington ("RCW") 35A.40, 35.37, 39.36, 39.46 and 39.53, the City has determined to defease and refund all of its outstanding Limited Tax General Obligation Bonds, 2003 (the "Refunded Bonds"), as more specifically described in Exhibit A hereto; WHEREAS, the Refunded Bonds were issued pursuant to Ordinance No. 03-084, enacted by the City Council on October 28, 2003 (the "2003 Ordinance"); WHEREAS, the Refunded Bonds maturing on or after December 14, 2014 are subject to redemption at the option of the City on or after December 1, 2013, in whole or in part at any time at a redemption price equal to the principal amount of the 2003 Bonds called for redemption (the "Redemption Price"), together with accrued interest thereon to the date fixed for redemption, if any; WHEREAS, the City intends to redeem the Refunded Bonds on , 2014 (the "Redemption Date"); WHEREAS, the City has issued its $ Limited Tax General Obligation Refunding Bonds, 2014 (the "2014 Refunding Bonds")to defease and redeem the Refunded Bonds; WHEREAS, The Bank of New York Mellon, in its capacity as the Fiscal Agent for the State of Washington, is the Bond Registrar for the 2003 Bonds (the "Bond Registrar"); WHEREAS, the Escrow Agent has reviewed copies of the 2003 Ordinance and this Agreement and is willing to serve as Escrow Agent hereunder; WHEREAS, the Escrow Agent has received a report from Grant Thornton LLP, a certified public accounting firm (the "Verification Agent"), dated , 2014 (the "Verification Report") showing that the moneys and/or Government Obligations (as defined below) on deposit with the Escrow Agent will be sufficient to pay when due the redemption price and interest due on all Refunded Bonds on the Redemption Date as described herein; and Page 1 —ESCROW DEPOSIT AGREEMENT WHEREAS, pursuant to this Agreement, proceeds of the 2014 Refunding Bonds, together with other available funds of the City, in an amount sufficient to pay on the Redemption Date the Redemption Price and accrued interest thereon to the Redemption Date [and to pay costs of issuing the 2014 Refunding Bonds] shall be received by the Escrow Agent and applied as provided herein; NOW, THEREFORE, the City and the Escrow Agent hereby agree as follows: ARTICLE I DEFINITIONS AND INTERPRETATION 1.01 Definitions. Capitalized terms not otherwise defined herein shall have the meanings set forth in the 2003 Ordinance. Unless the context clearly indicates otherwise, the following terms shall have the meanings assigned to them below when they are used in this Agreement: "Business Day" means, any day that is not a Saturday, Sunday, legal holiday or a day on which the offices of banks in Washington or New York are authorized or required by law or executive order to remain closed and which shall not be a day on which the New York Stock Exchange is closed. "Escrow Fund" means the fund established pursuant to Section 2.01(a) of this Agreement. "Escrowed Securities"means the Government Obligations described in Exhibit B. "Govermnent Obligations" means noncallable direct obligations of, or obligations the timely payment of the principal of and interest on which is fully guaranteed by, the United States of America, as provided in Section 39.53 RCW, not subject to redemption prior to maturity except by the holder thereof. 1.02 Interpretation. The titles and headings of the articles and sections of this Agreement have been inserted for convenience and reference only and are not to be considered a part hereof and shall not in any way modify or restrict the terms hereof. This Agreement and all of the terms and provisions hereof shall be liberally construed to effectuate the purposes set forth herein and to achieve the intended purpose of providing for the defeasance and refunding of the Refunded Bonds in accordance with applicable law. ARTICLE II ESTABLISHMENT, FUNDING AND USE OF ESCROW FUND 2.01 Establishment of Escrow Fund. (a) There is hereby created and established with the Escrow Agent a special and irrevocable escrow account designated the "City of Spokane Valley, Washington Limited Tax General Obligation Bond, 2003 Escrow Fund" (the "Escrow Fund"). Page 2--ESCROW DEPOSIT AGREEMENT (b) Proceeds from the sale of the 2014 Refunding Bonds, together with other available funds of the City, that are to be used to defease and redeem the Refunded Bonds shall be held in trust by and in the custody of the Escrow Agent wholly segregated from all other securities, investments or moneys on deposit with the Escrow Agent. The Escrow Fund will contain moneys and Government Obligations to be applied as provided herein, which will be in an amount sufficient to refund and redeem the Refunded Bonds on the Redemption Date. 2.02 Funding of Escrow Fund. On the date of this Agreement, the Escrow Agent has received [(i)] $ [(consisting of $ in proceeds derived from the sale of the 2014 Refunding Bonds[ and $ derived from a release of amounts in the Bond Fund)] for deposit to the Escrow Fund for the purpose of refunding and redeeming the Refunded Bonds described in Exhibit A hereto [(ii) and $ [(consisting of $ in proceeds derived from the sale of the 2014 Refunding Bonds and $ derived from other available funds of the City) to be held by the Escrow Agent uninvested in cash and separate and apart from the Escrow Fund to be applied to pay costs of issuing the 2014 Refunding Bonds]. 2.03 Sufficiency of_Escrow Fund. The City represents that the successive receipts of the principal of and interest on the Escrowed Securities will assure that the cash balance on deposit from time to time in the Escrow Fund will be at all times sufficient to provide moneys at the time and in the amount required to pay and redeem the Refunded Bonds on the Redemption Date. If, for any reason, at any time, the cash balances on deposit or scheduled to be on deposit in the Escrow Fund shall be insufficient to make the payments in the amounts and at the times shown in the Verification Report, the City shall timely deposit in the Escrow Fund, from any funds that are lawfully available therefor, additional funds in the amounts required to make such payments. Notice of any such insufficiency shall be given by the Escrow Agent to the City promptly upon determination of such insufficiency and not less than five (5) Business Days prior to such payment date, in accordance with Section 6.08 of this Agreement, but the Escrow Agent shall not in any manner be liable or responsible for any insufficiency of funds in the Escrow Fund or the City's failure to make additional deposits thereto. ARTICLE III DEPOSIT OF MONEYS AND ESCROWED SECURITIES; INVESTMENTS 3.01 Deposit and Use of Funds. The Escrow Agent has deposited the amounts set forth in Section 2.02[(i)] above to the Escrow Fund, $ of which shall be applied on the date hereof to purchase the Escrowed Securities and $ of which shall be held in the Escrow Fund uninvested in cash. With the exception of excess moneys described in Section [ ], and pending application as provided in this Agreement, amounts on deposit in the Escrow Fund are hereby pledged and assigned solely to the payment of the Redemption Price of the Refunded Bonds on, and accrued interest thereon to, the Redemption Date, which amounts shall be held in trust by the Escrow Agent for the owners and holders of the Refunded Bonds. [CONFIRM] On or before the Redemption Date, the Escrow Agent shall transfer sufficient funds from balances held in the Escrow Fund to the Bond Registrar for the payment of Redemption Price of the Refunded Bonds and the accrued interest thereon to the Redemption Date. Page 3 —ESCROW DEPOSIT AGREEMENT [The amount set forth in Section 2.02(ii) above are to be applied to pay costs of issuing the 2014 Refunding Bonds described in Schedule 1. By signing this Agreement the Escrow Agent acknowledges (i) receipt of the amounts as set forth in Section 2.02 and (ii) receipt of the initial Escrowed Securities described in this Section 3.01 for deposit to the Escrow Fund. Pursuant to the Section 10 of the 2003 Ordinance, the Escrow Agent hereby acknowledges receipt of cash and/or Escrowed Securities in amounts sufficient to redeem and retire all Refunded Bonds, as confirmed by the Verification Report, provided to the Escrow Agent. 3.02 Investments. Except for the initial investment of the Escrowed Securities pursuant to this Article III, the Escrow Agent shall not have any power or duty to invest or reinvest any money or proceeds of Escrowed Securities held hereunder, or to make substitutions of the Escrowed Securities, or to sell, transfer, or otherwise dispose of the Escrowed Securities. 3.03 Irrevocable Escrow. The Escrow Fund created hereby shall be irrevocable, and the Escrow Agent is hereby appointed to act for the benefit of the holders of the Refunded Bonds, who are hereby granted and exclusive lien on the Escrow Fund and the moneys and investments from time to time therein. ARTICLE IV NOTICES OF REDEMPTION AND DEFEASANCE OF THE REFUNDED BONDS 4.01 Call for Redemption. The City hereby irrevocably calls for redemption on the Redemption Date all of the outstanding Refunded Bonds at the Redemption Price, together with accrued interest thereon to the Redemption Date, as more fully described in Exhibit A attached hereto. 4.02 Notice of Redemption. Pursuant to Section 6(B) of the 2003 Ordinance, the City has provided written direction to the Bond Registrar that it wishes to exercise its option to redeem the Refunded Bonds and giving direction to the Bond Registrar to provide irrevocable notice of redemption to the registered owners of the Refunded Bonds and to provide such additional notices to all applicable parties, at the applicable times, as set forth in the 2003 Ordinance. The Bond Registrar has acknowledged receipt of such written direction and notices of redemption for the Refunded Bonds referenced above shall be delivered on the date of delivery of the 2014 Refunding Bonds. Pursuant to the Certificate of the City Regarding Bond Insurance executed by City in connection with the issuance of the Refunded Bonds (the "City Certificate"), the City will also provide notice of the redemption of the Redeemed Bonds to National Public Finance Guarantee, as the successor to MBIA Insurance Corporation, as insurer of the Refunded Bonds. 4.03 Notice of Defeasance. The Escrow Agent shall send notice of the defeasance of the Refunded Bonds, in substantially the form attached hereto as Exhibit C, to The Depository Trust Company, as the registered owner of the Refunded Bonds, promptly after this Agreement is executed. Page 4—ESCROW DEPOSIT AGREEMENT 4.04 Submission of Notices to MSRB. The City will give notice of the defeasance and notice of the redemption of the Refunded Bonds to the Municipal Securities Rulemaking Board (the "MSRB"), through the Electronic Municipal Market Access ("EMMA") continuing disclosure service on or about the same dates as those notices given to the registered owners of the Refunded Bonds by the Escrow Agent and the Bond Registrar, as applicable. 4.05 Excess Moneys to the City. Any moneys remaining in the Escrow Fund after payment of the Refunded Bonds in accordance with this Agreement shall be transferred to the City. ARTICLE V CONCERNING THE ESCROW AGENT 5.01 Representations. The Escrow Agent hereby represents that it has all necessary power and authority to enter into this Agreement and undertake the obligations and responsibilities imposed upon it herein, and that it will carry out all of its obligations hereunder. 5.02 Duties of Escrow Agent. In consideration of its fee, the Escrow Agent agrees to establish the Escrow Fund [and to make disbursements to the Bond Registrar], all as herein provided. All disbursements made by the Escrow Agent shall be made only to the extent that the Escrow Agent has received sufficient proceeds, deposits and income in accordance with the terms of this Agreement. The City agrees to and shall pay to the Escrow Agent its out-of-pocket expenses, and its reasonable fees and expenses for additional action taken pursuant to this Agreement at the request of the City. Such expenses shall include the fees of any independent consultants, including, without limitation, attorneys, regardless of whether formal legal proceedings are required and, if required, on trial and appeal therefrom or in any bankruptcy proceeding or in any arbitration proceeding, from any moneys of the City lawfully available therefor. However, in no event shall the Escrow Agent have any lien whatsoever upon any of the moneys in the Escrow Fund for the payment of such fees and expenses. The City hereby assumes liability for, and hereby agrees, to the extent permitted by law, to indemnify, protect, save and keep harmless the Escrow Agent and its respective directors, officers, employees, attorneys, agents, servants, successors and assigns from and against any and all liabilities, obligations, losses, damages, penalties, claims, actions, suits, costs, expenses and disbursements (including legal fees and disbursements, regardless of whether formal legal proceedings are required, and, if required, on trial and appeal therefrom or in any bankruptcy proceeding or in any arbitration proceeding) of whatsoever kind and nature which may be imposed on, incurred by, or asserted against, at any time, the Escrow Agent (whether or not also indemnified against by the City or any other person under any other agreement or instrument) and in any way relating to or arising out of the execution and delivery of this Agreement, the establishment of the Escrow Fund, the acceptance of the moneys and Escrowed Securities or the proceeds thereof and any payment, transfer or other application of moneys or Escrowed Securities by the Escrow Agent in accordance with the provisions of this Agreement, or as may arise by reason of any act, omission or error of the Escrow Agent made in good faith in the conduct of its duties; provided, however, that the City shall not be required to indemnify the Escrow Agent against its own negligence or misconduct. In no event shall the City be liable to any person by reason of the Page 5 —ESCROW DEPOSIT AGREEMENT transactions contemplated hereby other than to the Escrow Agent as set forth herein. The indemnities contained in this Section shall survive the termination of this Agreement. The Escrow Agent shall be under no obligation to inquire into or be in any way responsible for the performance or nonperformance by the City of any of its obligations, or to protect any of the City's rights under any bond proceeding or any of the City's other contracts with or franchises or privileges from any state, county, municipality or other governmental agency or with any person. The Escrow Agent shall not be liable for any act done or step taken or omitted by it, or for any mistake of fact or law, or for anything which it may do or refrain from doing, except for its negligence, misconduct, or its default in the performance of any obligation imposed upon it hereunder. The Escrow Agent shall not be liable or responsible for any loss resulting from any investment made pursuant to this Agreement and in full compliance with the provisions hereof. 5.03 Records. The Escrow Agent will keep books of record and account in which complete and accurate entries shall be made of all transactions relating to the receipts, disbursements, allocations and application of the money and Escrowed Securities deposited to the Escrow Fund and all proceeds thereof, and such books shall be available for inspection during business hours and after reasonable notice. 5.04 Escrow Agent not Directly Liable. None of the provisions contained in this Agreement shall require the Escrow Agent to use or advance its own funds or otherwise incur direct financial liability in the performance of any of its duties or the exercise of any of its rights or powers hereunder. The Escrow Agent shall be under no liability for interest on any funds or other property received by it hereunder except as herein expressly provided. ARTICLE VI MISCELLANEOUS 6.01 Escrow Inviolate. No Bond Registrar or Escrow Agent fees or other charges of any nature may be paid from the escrowed money prior to defeasance and redemption of all Refunded Bonds. The City agrees that it will pay any and all such fees from its other Iegally available funds as such payments become due prior to such defeasance and redemption. 6.02 Time for Payment. The Escrow Agent shall make payments out of the Escrow Fund to the Bond Registrar in sufficient time to permit the Bond Registrar to pay the redemption price on the Refunded Bonds without default on the Redemption Date. After all sums required for the payment of principal of and interest on the Refunded Bonds have been paid to the Bond Registrar as herein provided, the Escrow Agent shall transfer any remaining moneys to the City as provided herein. 6.03 Irrevocable Escrow for Benefit of Bondowners. The Escrow Agent and the City recognize that the holders from time to time of the Refunded Bonds defeased or called for redemption have a beneficial and vested interest in the moneys to be held by the Escrow Agent as herein provided and in the provisions of this Agreement. It is therefore recited, understood Page 6--ESCROW DEPOSIT AGREEMENT and agreed that this Agreement shall not be subject to revocation or amendment until its provisions have been fully executed. 6.04 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Washington. 6.05 Brokerage Confirmations. The City acknowledges that regulations of the Comptroller of the Currency grants the City the right to receive brokerage confirmations of the security transactions as they occur. To the extent permitted by law, the City specifically waives compliance with 12 CFR 12 and hereby notifies the Escrow Agent hereunder, that no brokerage confirmations need be sent relating to security transactions as they occur. 6.06 Notices. Any notice, request, communication or other paper shall be sufficiently given and shall be deemed given when faxed, or delivered or mailed, by registered or certified mail, postage prepaid or sent by telegram as follows: If to the City: City of Spokane Valley, Washington 11707 East Sprague Avenue, Suite 106 Spokane Valley, WA 99206 Attn: Finance Director Telephone: 509-720-5040 E-Mail: mcalhoun@spokanevalley.org With a copy to: Douglas E. Goe, Esq. Orrick, Herrington& Sutcliffe LLP 1120 NW Couch Street, Suite 200 Portland, OR 97209 Telephone: 503-943-4810 E-Mail: dgoe@orTick.com If to the Escrow Agent: U.S. Bank National Association 1420 5th Avenue, 7th Floor PD-WA-T7CT Seattle, WA 98101 Attn: Carolyn Morrison Telephone: 206-344-4678 E-Mail: carolyn.morrison@usbank.com The City and the Escrow Agent may designate any further different addresses to which subsequent notices, requests, communications or other papers shall be sent. 6.07 Severability. If any one or more of the covenants or agreements provided in this Agreement on the part of the City or the Escrow Agent to be performed should be determined by a court of competent jurisdiction to be contrary to law, such covenant or agreement shall be deemed and construed to be severable from the remaining covenants and agreements herein contained and shall in no way affect the validity of the remaining provisions of this Agreement. Page 7—ESCROW DEPOSIT AGREEMENT 6.08 Counterparts. This Agreement may be executed and delivered in several counterparts, all or any of which shall be regarded for all purposes as one original and shall constitute and be but one and the same instrument. 6.09 Amendment. This Agreement shall not be amended except to cure any ambiguity or formal defect or omission in this Agreement. No amendment shall be effective unless the same shall be in writing and signed by the parties thereto. No such amendment shall be made unless a prior written opinion of a nationally recognized bond counsel is rendered which opines that the amendment shall not adversely affect the rights of the holder or holders of the 2014 Refunding Bonds or the Refunded Bonds. 6.10 Successor Escrow Agent. Any corporation or association into which the Escrow Agent may be merged or with which it may be consolidated, or any corporation or association resulting from any merger or consolidation to which the Escrow Agent shall be a party, or any corporation or association succeeding to the corporate trust business of the Escrow Agent, shall be the successor of the Escrow Agent hereunder without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding. If a successor Escrow Agent is appointed, the successor Escrow Agent must be in place and the escrowed assets transferred over to the new Escrow Agent before the original Escrow Agent may be replaced. [SIGNATURE PAGE FOLLOWS] Page 8—ESCROW DEPOSIT AGREEMENT IN WITNESS WHEREOF, the parties hereto have each caused this Escrow Deposit Agreement to be executed by their duly authorized officers as of the date first above written. CITY OF SPOKANE VALLEY,WASHINGTON By: City Manager U.S. BANK NATIONAL ASSOCIATION, as Escrow Agent By: Authorized Officer SIGNATURE PAGE—ESCROW DEPOSIT AGREEMENT EXHIBIT A DESCRIPTION OF REFUNDED BONDS Maturity Principal Interest Redemption Date Amount Rate Redemption Date Price CUSIP December 1, 2014 $ 270,000 4.00% August 23, 2014 100% 849063AL6 December 1, 2015 285,000 4.00 August 23, 2014 100 849063AM4 December 1, 2016 300,000 4.00 August 23, 2014 100 849063AN2 December 1, 2017 315,000 4.15 August 23, 2014 100 849063AP7 December 1, 2018 360,000 4.25 August 23, 2014 100 849063AQ5 December 1, 2019 395,000 5.00 August 23, 2014 100 849063AR3 December 1, 2020 440,000 5.00 August 23, 2014 100 849063AS1 December 1, 2021 485,000 5.00 August 23, 2014 100 849063AT9 December 1, 2022 525,000 5.00 August 23, 2014 100 849063AU6 December 1, 2023 580,000 5.00 August 23, 2014 100 849063AV4 December 1, 2025* 940,000 5.00 August 23, 2014 100 849063AW2 December 1, 2033* 2,540,000 5.00 August 23, 2014 100 849063AX0 * Term Bonds EXHIBIT A—DESCRIPTION OF REFUNDED BONDS EXHIBIT B ESCROW DEPOSIT [SEE ATTACHED SLG SUBSCRIPTION] CASH DEPOSITS TO BE HELD UNIVESTED: $ EXIIIBIT B--ESCROW DEPOSIT EXHIBIT C NOTICE OF DEFEASANCE TO HOLDERS OF THE CITY OF SPOKANE VALLEY, WASHINGTON LIMITED TAX GENERAL OBLIGATION BONDS,2003 ORIGINALLY DATED: NOVEMBER 18, 2003 NOTICE IS HEREBY GIVEN to the owners of the City of Spokane Valley, Washington Limited Tax General Obligation Bonds, 2003 (the "2003 Bonds"), that pursuant to an Escrow Deposit Agreement dated , 2014, by and between the City of Spokane Valley, Washington (the "City") and U.S. Bank National Association, as escrow agent (the "Escrow Agent") and pursuant to Ordinance No. 03-084, enacted by the City Council of the City on October 28, 2003 (the "Ordinance"), the City has defeased all of the outstanding 2003 Bonds, as of , 2014, and intends to call such 2003 Bonds for redemption on _, 2014 (the "Redemption Date"), at a redemption price equal to the principal amount thereof plus accrued interest. The 2003 Bonds called for redemption are defeased and deemed no longer outstanding and will be payable solely by application of money and/or government obligations deposited into an escrow fund held by the Escrow Agent. The 2003 Bonds will be paid by the City's Bond Registrar by application of the assets in such escrow fund on the Redemption Date. The 2003 Bonds to be defeased have the following maturity dates, principal amounts to be redeemed, interest rates, CUSIP numbers and redemption prices: Principal Amount Redemption Maturity Date to be Redeemed Interest Rate CUSIP No.* Price December 1,2014 $ 270,000 4.00% 849063AL6 100% December 1,2015 285,000 4.00 849063AM4 100 December 1,2016 300,000 4.00 849063AN2 100 December 1, 2017 315,000 4.15 849063AP7 100 December 1, 2018 360,000 4.25 849063AQ5 100 December 1,2019 395,000 5.00 849063AR3 100 December 1, 2020 440,000 5.00 849063AS1 100 December 1, 2021 485,000 5.00 849063AT9 100 December 1,2022 525,000 5.00 849063AU6 100 December 1,2023 580,000 5.00 849063AV4 100 December 1, 2025 940,000 5.00 849063AW2 100 December 1, 2033 2,540,000 5.00 849063AX0 100 CITY OF SPOKANE VALLEY, WASHINGTON Dated: ,2014. * This CUSIP number has been assigned by Standard & Poor's CUSIP Service Bureau and is included solely for the convenience of the holders. Neither the City nor the Escrow Agent shall be responsible for the selection or use of this CUSIP number, nor is any representation made to its correctness on the bond or as indicated in any redemption notice. EXHIBIT C—NOTICE OF DEFEASANCE OHSUSA:758213254.1 CONTINUING DISCLOSURE CERTIFICATE CITY OF SPOKANE VALLEY, WASHINGTON LIMITED TAX GENERAL OBLIGATION REFUNDING BONDS,2014 This Continuing Disclosure Certificate (the "Disclosure Certificate") is executed and delivered by the City of Spokane Valley, Washigton (the "City") in connection with the issuance of the above-named bonds (the "Bonds"). The Bonds are being issued pursuant to Ordinance No. 14- (the "Ordinance") enacted by the City Council of the City on , 2014. The City covenants and agrees as follows: SECTION 1. Purpose of the Disclosure Certificate. This Disclosure Certificate is being executed and delivered by the City for the benefit of the Holders and Beneficial Owners of the Bonds and in order to assist the Participating Underwriter in complying with Securities and Exchange Commission ("S.E.C.") Rule 15c2-12(b)(5). SECTION 2. Definitions. In addition to the definitions set forth in the Ordinance, which apply to any capitalized teiin used in this Disclosure Certificate unless otherwise defined in this Section, the following capitalized terms shall have the following meanings: "Annual Report" shall mean any Annual Report provided by the City pursuant to, and as described in, Sections 3 and 4 of this Disclosure Certificate. "Beneficial Owner" shall mean any person that has or shares the power, directly or indirectly, to make investment decisions concerning ownership of any Bonds (including persons holding Bonds through nominees, depositories or other intermediaries). "Dissemination Agent" shall mean the City, or any successor Dissemination Agent designated in writing by the City and which has filed with the City a written acceptance of such designation. "Holder" shall mean the person in whose name any Bond shall be registered. "Listed Events" shall mean any of the events listed in Section 5(a) or (b) of this Disclosure Certificate. "MSRB" shall mean the Municipal Securities Rulemaking Board or any other entity designated or authorized by the Securities and Exchange Commission to receive reports pursuant to the Rule. Until otherwise designated by the MSRB or the Securities and Exchange Commission, filings with the MSRB are to be made through the Electronic Municipal Market Access (EMMA) website of the MSRB, currently located at http://emma,msrb.org. "Participating Underwriter" shall mean the original underwriter of the Bonds required to comply with the Rule in connection with offering of the Bonds. "Rule" shall mean Rule 15c2-12(b)(5) adopted by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as the same may be amended from time to time. B-1 SECTION 3. Provision of Annual Reports. (a) The City shall, or shall cause the Dissemination Agent to, not later than nine (9) months after the end of the City's fiscal year (which shall be September 30 of each year, so long as the City's fiscal year ends on December 31), commencing with the report for the fiscal year ending December 31, 2014 (which is due not later than September 30, 2015), provide to the MSRB an Annual Report which is consistent with the requirements of Section 4 of this Disclosure Certificate. The Annual Report may cross-reference other information as provided in Section 4 of this Disclosure Certificate; provided, that the audited financial statements of the City may be submitted separately from the balance of the Annual Report and later than the date required above for the filing of the Annual Report if they are not available by that date. If the City's fiscal year changes, it shall give notice of such change in a filing with the MSRB. The Annual Report shall be submitted on a standard form in use by industry participants or other appropriate foun and shall identify the Bonds by name and CUSIP number. (b) Not later than 15 business days prior to said date, the City shall provide the Annual Report to the Dissemination Agent (if other than the City). If the City is unable to provide to the MSRB an Annual Report by the date required in subsection (a), the City shall, in a timely manner, send or cause to be sent to the MSRB a notice in substantially the form attached as Exhibit A. (c) The Dissemination Agent shall (if the Dissemination Agent is other than the City) file a report with the City certifying that the Annual Report has been provided pursuant to this Disclosure Certificate, stating the date it was provided to the MSRB. SECTION 4. Content of Annual Reports. The City's Annual Report shall contain or include by reference the following: (a) Audited financial statements of the City for the preceding fiscal year, prepared in accordance with the Budgeting Accounting and Reporting System prescribed by the Washington State Auditor pursuant to RCW 43.09.200 (or any successor statute) and generally accepted accounting principles, and generally of the type included in the Official Statement for the Bonds under the heading ["DEBT AND FINANCIAL INFORMATION--Historical and Budgeted General Fund Operating Results" and APPENDIX D—"AUDITED FINANCIAL STATEMENTS – 2012."1 If the City's audited financial statements are not available by the time the Annual Report is required to be provided to the MSRB pursuant to Section 3(a), the Annual Report shall contain unaudited financial statements in a format similar to the financial statements contained in the final Official Statement, and the audited financial statements shall be provided to the MSRB in the same manner as the Annual Report when they become available. (b) To the extent not included in the annual financial statements of the City, the Annual Report shall also include the following information generally of the type included in the Official Statement for the Bonds under the headings "DEBT AND FINANCIAL INFORMATION," including but not limited to the information in the following tables: (i} "Debt Summary;" B-2 (ii) "Assessed Valuation;" (iii) "Ad Valorem Tax Levies;" (iv) "Tax Collections;" [and] (v) "Consolidated Levy Rates" (vi) [ADDITIONAL INFORMATION] Any or all of the items listed above may be set forth in one or a set of documents or may be included by specific reference to other documents, including official statements of debt issues of the City or related public entities, which have been made available to the public on the MSRB's website. The City shall clearly identify each such other document so included by reference. SECTION 5. Reporting of Significant Events. (a) The City shall give, or cause to be given, notice of the occurrence of any of the following events with respect to the Bonds in a timely manner not later than ten business days after the occurrence of the event: 1. Principal and interest payment delinquencies; 2. Unscheduled draws on debt service reserves reflecting financial difficulties; 3. Unscheduled draws on credit enhancements reflecting financial difficulties; 4. Substitution of credit or liquidity providers, or their failure to perform; 5. Adverse tax opinions or issuance by the Internal Revenue Service of proposed or final determination of taxability or of a Notice of Proposed Issue (IRS Form 5701 TEB); 6. Tender offers; 7. Defeasances; 8. Rating changes; or 9. Bankruptcy, insolvency, receivership or similar event of the obligated person. Note: for the purposes of the event identified in subparagraph (9), the event is considered to occur when any of the following occur: the appointment of a receiver, fiscal agent or similar officer for an obligated person in a proceeding under the U.S. Bankruptcy Code or in any other proceeding under state or federal law in which a court or governmental authority has assumed jurisdiction over substantially all of the assets or business of the obligated person, or if such B-3 jurisdiction has been assumed by leaving the existing governmental body and officials or officers in possession but subject to the supervision and orders of a court or governmental authority, or the entry of an order confirming a plan of reorganization, arrangement or liquidation by a court or governmental authority having supervision or jurisdiction over substantially all of the assets or business of the obligated person. (b) The City shall give, or cause to be given, notice of the occurrence of any of the following events with respect to the Bonds, if material, in a timely manner not later than ten business days after the occurrence of the event: 1. Unless described in paragraph 5(a)(5), other material notices or determinations by the Internal Revenue Service with respect to the tax status of the Bonds or other material events affecting the tax status of the Bonds; 2, Modifications to rights of Bond holders; 3. Optional, unscheduled or contingent Bond calls; 4. Release, substitution, or sale of property securing repayment of the Bonds; 5. Non-payment related defaults; 6. The consummation of a merger, consolidation, or acquisition involving an obligated person or the sale of all or substantially all of the assets of the obligated person, other than in the ordinary course of business, the entry into a definitive agreement to undertake such an action or the termination of a definitive agreement relating to any such actions, other than pursuant to its terms;or 7. Appointment of a successor or additional trustee or the change of name of a trustee. (c) Upon the occurrence of a Listed Event described in Section 5(a), or upon the occurrence of a Listed Event described in Section 5(b) which the City determines would be material under applicable federal securities laws, the City shall within ten business days of occurrence file a notice of such occurrence with the MSRB. Notwithstanding the foregoing, notice of the Listed Event described in subsections (b)(3) need not be given under this subsection any earlier than the notice (if any) of the underlying event is given to Holders of affected Bonds pursuant to the Ordinance. SECTION 6. Format for Filings with MSRB. Any report or filing with the MSRB pursuant to this Disclosure Certificate must be submitted in electronic format, accompanied by such identifying information as is prescribed by the MSRB. SECTION 7. Termination of Reporting Obligation. The City's obligations under this Disclosure Certificate shall terminate upon the legal defeasance, prior redemption or payment in B-4 full of all of the Bonds. If such termination occurs prior to the final maturity of the Bonds, the City shall give notice of such termination in a filing with the MSRB. SECTION 8. Dissemination Agent. The City may, from time to time, appoint or engage a Dissemination Agent to assist it in carrying out its obligations under this Disclosure Certificate, and may discharge any such Dissemination Agent, with or without appointing a successor Dissemination Agent. The Dissemination Agent shall not be responsible in any manner for the content of any notice or report prepared by the City pursuant to this Disclosure Certificate. The initial Dissemination Agent shall be the City. SECTION 9. Amendment; Waiver. Notwithstanding any other provision of this Disclosure Certificate, the City may amend this Disclosure Certificate, and any provision of this Disclosure Certificate may be waived, provided that the following conditions are satisfied: (a) If the amendment or waiver relates to the provisions of Sections 3(a), 4, or 5(a) or (b), it may only be made in connection with a change in circumstances that arises from a change in legal requirements, change in law, or change in the identity, nature or status of an obligated person with respect to the Bonds, or the type of business conducted; (b) The undertaking, as amended or taking into account such waiver, would, in the opinion of nationally recognized bond counsel, have complied with the requirements of the Rule at the time of the original issuance of the Bonds, after taking into account any amendments or interpretations of the Rule, as well as any change in circumstances; and (c) The amendment or waiver does not, in the opinion of nationally recognized bond counsel, materially impair the interests of the Holders or Beneficial Owners of the Bonds. In the event of any amendment or waiver of a provision of this Disclosure Certificate, the City shall describe such amendment in the next Annual Report, and shall include, as applicable, a narrative explanation of the reason for the amendment or waiver and its impact on the type (or in the case of a change of accounting principles, on the presentation) of financial information or operating data being presented by the City. In addition, if the amendment relates to the accounting principles to be followed in preparing financial statements, (i) notice of such change shall be given in a filing with the MSRB, and (ii) the Annual Report for the year in which the change is made should present a comparison (in narrative form and also, if feasible, in quantitative form) between the financial statements as prepared on the basis of the new accounting principles and those prepared on the basis of the former accounting principles. SECTION 10. Additional Information. Nothing in this Disclosure Certificate shall be deemed to prevent the City from disseminating any other information, using the means of dissemination set forth in this Disclosure Certificate or any other means of communication, or including any other information in any Annual Report or notice required to be filed pursuant to this Disclosure Certificate, in addition to that which is required by this Disclosure Certificate. If the City chooses to include any information in any Annual Report or notice in addition to that which is specifically required by this Disclosure Certificate, the City shall have no obligation B-5 under this Certificate to update such information or include it in any future Annual Report or notice of occurrence of a Listed Event or any other event required to be reported. SECTION 11. Default. In the event of a failure of the City to comply with any provision of this Disclosure Certificate, any Holder or Beneficial Owner of the Bonds may take such actions as may be necessary and appropriate, including seeking mandate or specific performance by court order, to cause the City to comply with its obligations under this Disclosure Certificate; provided, that any such action may be instituted only in Superior Court of the State of Washington in and for the County of Spokane or in U.S. District Court in or nearest to the County. The sole remedy under this Disclosure Certificate in the event of any failure of the City to comply with this Disclosure Certificate shall be an action to compel performance. SECTION I2. Beneficiaries. This Disclosure Certificate shall inure solely to the benefit of the City, the Dissemination Agent, the Participating Underwriter and Holders and Beneficial Owners from time to time of the Bonds, and shall create no rights in any other person or entity. Date: CITY OF SPOKANE VALLEY, WASHINGTON By: Authorized City Representative B-6 CONTINUING DISCLOSURE EXHIBIT A FORM OF NOTICE TO THE MUNICIPAL SECURITIES RULEMAKING BOARD OF FAILURE TO FILE ANNUAL REPORT Name of City: CITY OF SPOKANE VALLEY, WASHINGTON Name of Bond Issue: CITY OF SPOKANE VALLEY, WASHINGTON LIMITED TAX GENERAL OBLIGATION REFUNDING BONDS, 2014 Date of Issuance: , 2014 NOTICE IS HEREBY GIVEN that the City has not provided an Annual Report with respect to the above-named Bonds as required by Section 4 of the Continuing Disclosure Certificate of the City, dated the Date of Issuance. [The City anticipates that the Annual Report will be filed by Dated: CITY OF SPOKANE VALLEY, WASHINGTON By: [to be signed only if filed] OHSUSA.758256771.2 B-7 PRELIMINARY OFFICIAL STATEMENT dated July ,2014 (Draft dated 06/18/14) • 4 NEW ISSUE BANK QUALIFIED ° BOOK-ENTRY MOODY'S RATING: "Applied For" (See"RATING" herein.) yc a In the opinion of Orrick, Herrington & Sutcle LLP, Bond Counsel, based upon an analysis of existing laws, regulations, rulings and court decisions, and assuming, among other matters, the accuracy of certain representations and compliance with certain covenants, interest on the Bonds is excluded from gross income for federal income tax purposes under Section 103 of the Internal Revenue Code of 1986. In the further opinion of Bond Counsel, interest on the Bonds is not a specific preference item for purposes of the federal individual or corporate alternative minimum taxes, although Bond Counsel observes that such interest is included in adjusted current earnings when calculating corporate alternative aminimum taxable income.Bond Counsel expresses no opinion regarding any other tax consequences related to the ownership or disposition of, or the amount,accrual or receipt of interest on,the Bonds. (See "TAX MATTERS"herein.) 124 57,255,000" CITY OF SPOKANE VALLEY,WASHINGTON LIMITED TAX GENERAL OBLIGATION REFUNDING BONDS, 2014 y DATED: Date of Delivery(expected to be August 12,2014) DUE: December 1,as shown on the inside cover 'a ` The City of Spokane Valley, Washington (the "City") provides this Official Statement in connection with the issuance of its Limited Tax General Obligation Refunding Bonds, 2014 (the "Bonds"). The Bonds mature on December 1 in each of the years and amounts set forth on the inside cover and will o bear interest from their Date of Delivery to their respective maturities, or date of prior redemption, at the ., rates per annum as shown on the inside cover. 2o � The Bonds will be issued as fully registered bonds under a book-entry system, initially registered to Cede O `~ & Co., as nominee of The Depository Trust Company ("DTC"), which will act as securities depository for the Bonds. Individual purchases of Bonds will be made in the principal amount of $5,000, or integral multiples thereof. The purchasers will not receive certificates representing their interest in the Bonds, as c ,I5 long as the Bonds are in book-entry form. Interest will be payable semi-annually on June 1 and 4 e December 1, commencingDecember 1, 2014. The Washington State Fiscal Agent, currentlyThe Bank of SECg g E o New York Mellon, will serve as registrar, paying agent and transfer agent (the "Registrar") for the Bonds. For so long as the Bonds are held by DTC in book-entry form, principal and interest payments will be fi o.0 made as described herein. (See"TI-IE BONDS - Book-Entry System"herein.) k The City irrevocably covenants and agrees that for so long as any of the Bonds are outstanding, it will • o include in its budget and levy taxes annually, in an amount permitted to cities without a vote of the electors '. of the City, on all the taxable property in the City, in amounts sufficient, together with all other money -0 legally available and to be used therefor, to pay the principal of and interest on the Bonds as the same shall 4 r become due. The full faith, credit and resources of the City are irrevocably pledged for the annual levy and collection of such taxes and the prompt payment of such principal and interest. The Bonds do not constitute fi V g a debt or indebtedness of the State of Washington or any political subdivision thereof other than the City. fi C t n Proceeds of the Bonds are to be used to pay the costs of: (i) refunding on a current basis all or a portion of t the City's outstanding Limited Tax General Obligation Bonds, 2003 (the "2003 LTGO Bonds)maturing in b 5 L r . the years 2014 through 2023, 2025 and 2033 (the "Refunded Bonds"); and (ii) paying the costs related to the refunding of the Refunded Bonds and the issuance and sale of the Bonds. The Bonds are subject to zi C fi redemption prior to their stated maturities. (See "THE BONDS — Redemption and Purchase," "- E Authorization," "- Purpose and Use of Proceeds" and "SECURITY - PLEDGE OF FULL FAITH AND CREDIT"herein.) S.! The City has designated the Bonds as "qualified tax-exempt obligations" for banks, thrift institutions x and other financial institutions. (See "TAX MATTERS" herein for a discussion of this designation.) The Bonds are offered by the Underwriter when, as and if issued by the City, subject to the opinion as to legality of the Bonds by Orrick, Herrington & Sutcliffe LLP, Portland, Oregon, Bond Counsel. The Vic .; � 13 Bonds, in book-entry form, are expected to be available through the facilities of DTC for delivery by Fast Automated Securities Transfer on or about August 12, 2014 (the "Date of Delivery"). •. This cover page contains certain information for quick reference only. It is not a stemma)),of this issue. Investors omust read the entire official statement to obtain information essential to making an informed investment decision. Preliminary,subject to change. D.A. DAVIDSON & CO. S7,255,000' CITY OF SPOKANE VALLEY, WASHINGTON LIMITED TAX GENERAL OBLIGATION REFUNDING BONDS, 2014 MATURITY SCHEDULE' DATED: Date of Delivery (Estimated to be August 12,2014) DUE: December 1, as shown below Interest Price Year Amount' Rate Yield (% of Par) CUSIP No.2 2014 $355,000 2015 330,000 2016 345,000 2017 350,000 2018 390,000 2019 415,000 2020 450,000 2021 480,000 2022 510,000 2023 560,000 2024 435,000 2025 465,000 2026 505,000 2027 395,000 2028 300,000 2029 250,000 2030 230,000 2031 185,000 2032 135,000 2033 170,000 'Preliminary, subject to change, 2 CUSIP is a registered trademark of the American Bankers Association. CUSIP data herein is provided by Standard & Poor's CUSIP Service Bureau, a division of The McGraw-Hill Companies. The CUSIP number is included above for convenience of the holders and potential holders of the Bonds. No assurance can be given that the CUSIP number for the Bonds will remain the same after the date of issuance and delivery of the Bonds. 11 CITY OF SPOKANE VALLEY 11707 East Sprague Avenue, Suite 106 Spokane Valley, Washington 99206 (509) 921-1000 www.spokaneval l ey.org' Certain Elected City Officials: Mayor Dean Grafos Deputy Mayor Arne Woodard Council Members Lewis R. Higgins Ed Pace Chuck Hafner Ben Wick Bill Bates Certain Appointed City Officials: City Manager Mike Jackson Finance Director Mark Calhoun Public Works Director Eric Guth Parks & Recreation Director Mike Stone City Clerk Christine Bainbridge City Attorney Cary P. Driskell Deputy City Attorney Erik Lamb Underwriter D. A. DAVIDSON & CO. Columbia Center, 701 5th Avenue, Suite 4050 Seattle, Washington 98104 (206) 389-8000 Bond Counsel ORRICK, HERRINGTON & SUTCLIFFE LLP 1120 NW Couch Street, Suite 200 Portland, Oregon 97209 (503) 943-4800 Financial Advisor PIPER JAFFRAY & CO. 1420 Fifth Avenue, Suite 4300 Seattle, Washington 98101 (206) 628-2882 Neither the information on the City's website nor any links from that website is a part of this Official Statement and such information cannot be relied upon to be accurate as of the date of this Official Statement, nor should any such information be relied upon to make investment decisions regarding the Bonds. 111 No dealer, broker, sales representative or other person has been authorized by the City to give any information or to make any representations, other than those contained in this Official Statement, and if given or made, such other information or representations must not be relied upon as having been authorized by the City. The information in this Official Statement was obtained from sources believed to be reliable, but is not guaranteed as to accuracy or completeness. The Underwriter has reviewed the information in this Official Statement in accordance with, and as a part of, its responsibilities under the federal securities laws as applied to the facts and circumstances of this transaction, but the Underwriter does not guarantee the accuracy or completeness of the information. The information and expressions of opinion herein are subject to change without notice, and neither the delivery of this Official Statement nor any sale hereunder shall create any implication that there has been no change in the financial condition or operations of the City described herein since the date of its distribution. This Official Statement contains, in part, estimates and matters of opinion that are not intended as statements of fact, and no representation or warranty is made as to the correctness of such estimates and opinions or that they will be realized. The descriptions of the Bonds and the Bond Ordinance and all references to other documents or materials not claiming to be quoted in full are only brief outlines of some of the provisions and do not claim to summarize or describe all provisions. Copies of such documents may be obtained from the City or the Underwriter. THE BONDS HAVE NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION UNDER THE SECURITIES ACT OF 1933, AS AMENDED. IN MAKING AN INVESTMENT DECISION INVESTORS MUST RELY ON THEIR OWN EXAMINATION OF THE ISSUER AND THE TERMS OF THE OFFERING, INCLUDING THE MERITS AND RISKS INVOLVED. THESE SECURITIES HAVE NOT BEEN RECOMMENDED BY ANY FEDERAL OR STATE SECURITIES COMMISSION OR REGULATORY AUTHORITY. FURTHERMORE, THE FOREGOING AUTHORITIES HAVE NOT CONFIRMED THE ACCURACY OR DETERMINED THE ADEQUACY OF THIS DOCUMENT. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. This Preliminary Official Statement will be "deemed final" by the City, pursuant to Rule 15c2-12 promulgated by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended, except for information which is permitted to be excluded from this Preliminary Official Statement under said Rule 15c2-12. In connection with the offering and issuance of the Bonds, the Underwriter may over-allot or effect transactions that stabilize or maintain the market price of the Bonds at a level above that which might otherwise prevail in the open market. Such stabilizing, if commenced, may be discontinued at any time. Certain statements contained in this Official Statement reflect not historical facts but forecasts and "forward- looking statements." No assurance can be given that the future results discussed herein will be achieved, and actual results may differ materially from the forecasts described herein. In this respect, the words "estimate," "project," "anticipate," "expect," "intend," "forecast," and "believe" and similar expressions are intended to identify forward-looking statements. All projections, forecasts, assumptions and other forward-looking statements are expressly qualified in their entirety by the cautionary statements set forth in this Official Statement. iv TABLE OF CONTENTS INTRODUCTION 1 THE BONDS 1 Description of Bonds 1 Payment of Bonds 1 Redemption and Purchase 1 Notice of Redemption 2 Failure to Redeem the Bonds 2 Defeasance of the Bonds 2 Debt Payment Record 3 Book-Entry System 3 Authorization 3 Purpose and Use of Proceeds 4 SECURITY - PLEDGE OF FULL FAITH AND CREDIT 6 PROPERTY TAX LIMITATIONS AND PROCEDURES 6 Limitations on Regular Property Tax Levies 6 Property Tax Levy Procedures 7 DEBT AND FINANCIAL INFORMATION 9 Statutory Debt Limitations 9 Debt Summary 9 General Obligation Debt Ratios 10 Future Financing 10 Direct and Estimated Overlapping General Obligation Debt 10 Debt Limitation Calculation I 1 Schedule of General Obligation Bond Debt Service 12 Assessed Valuation 13 Ad Valorem Tax Levies 13 Tax Collections 14 Interlocal Agreement with Spokane Public Facilities District 14 Spokane Public Facilities District Intergovernmental Payments for Debt ServiceError! Bookmark not define( Consolidated Levy Rates 16 Major Taxpayers 17 Auditing of City Finances 17 Historical and Budgeted General Fund Fund Operating Results 18 Budgetary Process 19 Description of Other Taxes 1 Authorized Investments 2 City Investments 3 THE CITY 3 Form of Local Government 3 City Administration 4 Summary of Accounting Policies 4 City Employment 5 Employee Relations 5 Pension Plans 5 Other Post-Employment Benefits 7 Risk Management 9 v INITIATIVE AND REFERENDUM 10 APPROVAL OF BOND COUNSEL 10 TAX MATTERS I 1 NO LITIGATION CONCERNING THE BONDS I3 FINANCIAL ADVISOR 13 UNDERWRITING 13 RATING 13 CONFLICTS OF INTEREST 13 COMMITMENT TO PROVIDE CONTINUING DISCLOSURE 13 ADDITIONAL INFORMATION AND MISCELLANEOUS 14 PRELIMINARY OFFICIAL STATEMENT 15 DISCLOSURE STATEMENT 15 APPROVAL OF OFFICIAL STATEMENT 15 APPENDIX A-ECONOMIC AND DEMOGRAPHIC INFORMATION A-1 APPENDIX B- CONTINUING DISCLOSURE B-1 APPENDIX C-FORM OF LEGAL OPINION C-1 APPENDIX D---AUDITED FINANCIAL STATEMENTS - 2012 D-1 APPENDIX E-BOOK-ENTRY SYSTEM E-1 vi $7,255,000* CITY OF SPOKANE VALLEY, WASHINGTON LIMITED TAX GENERAL OBLIGATION REFUNDING BONDS,2014 INTRODUCTION The City of Spokane Valley, Washington (the "City"), a municipal corporation duly organized and existing under and by virtue of the laws of the State of Washington (the "State"), furnishes this Official Statement, which includes the cover, inside cover, table of contents and appendices, in connection with the offering of$7,255,000* principal amount of Limited Tax General Obligation Refunding Bonds, 2014 (the "Bonds"). THE BONDS Description of Bonds The Bonds will be dated their Date of Delivery. The Bonds will mature on December 1 in each of the years and in the principal amounts set forth on the inside cover. The Washington State Fiscal Agent, currently The Bank of New York Mellon, will serve as registrar, paying agent and transfer agent (the "Registrar") for the Bonds. The Bonds will bear interest from the Date of Delivery, or the most recent interest payment date to which interest has been paid or duly provided for, whichever is later, at the rate per annum set forth on the inside cover. Interest will be calculated on the basis of a 360-day year consisting of twelve 30-day months, and will be payable semi-annually on June 1 and December 1, commencing December 1, 2014, until the stated date of maturity of the Bonds or date of prior redemption. For so long as the Bonds are held by DTC (as hereinafter defined) in book-entry form, principal and interest payments will be paid as described under the heading "THE BONDS - Book-Entry System." Payment of Bonds Both principal of and interest on the Bonds shall be payable in lawful money of the United States of America. Interest on the Bonds shall be paid by checks or drafts of the Registrar mailed on the interest payment date to the registered owners at the addresses appearing on the registration records of the City, maintained by the Registrar (the "Bond Register") on the 15th day of the month preceding the interest payment date (the "record date") or, if requested in writing by a registered owner of$1,000,000 or more in principal amount of Bonds prior to the applicable record date, by wire transfer on the interest payment date. Principal of the Bonds shall be payable upon presentation and surrender of the Bonds by the registered owners to the Registrar. Notwithstanding the foregoing, as long as the Bonds are registered in the name of DTC or its nominee, payment of principal of and interest on the Bonds shall be made in the manner set forth in the Blanket Issuer Letter of Representations between the City and DTC (the "Letter of Representations"). Redemption and Purchase* Optional Redemption. The City has reserved the right and option to redeem the Bonds maturing on or after December 1, 2024* prior to their stated maturity dates at any time on or after June 1, 2024*, as a *Preliminary,subject to change. 1 whole or in part (within the maturity in such manner as the Registrar shall determine), at par plus accrued interest to the date fixed for redemption. Portions of the principal amount of any Bond, in installments of$5,000 or any integral multiple thereof, may be redeemed. If less than all of the principal amount of any Bond is redeemed, upon surrender of that Bond to the Registrar, there will be issued to the registered owner, without charge therefor, a new Bond or Bonds (at the option of the registered owner) in any of the denominations authorized by the Bond Ordinance (as hereinafter defined) in the aggregate principal amount remaining unredeemed. Purchase. The City has reserved the right and option to purchase any or all of the Bonds in the open market at any time at any price acceptable to the City. All Bonds purchased or redeemed under the optional redemption provisions, described above, will be cancelled. Notwithstanding the foregoing, for as long as the Bonds are registered in the name of DTC or its nominee, selection of Bonds for redemption shall be in accordance with the Letter of Representations. See "— Book Entry System" below. Notice of Redemption While the Bonds are held by DTC in book-entry only form, any notice of redemption shall be given at the time, to the entity and in the manner required by DTC in accordance with the Letter of Representations, and the Registrar shall not be required to give any other notice of redemption. If the Bonds cease to be in book-entry only form, the City shall cause notice of any intended redemption of Bonds to be given by the Registrar not less than 20 nor more than 60 days prior to the date fixed for redemption by first-class mail, postage prepaid, to the registered owner of any Bond to be redeemed at the address appearing on the Bond Register at the time the Registrar prepares the notice, and the requirements of this sentence shall be deemed to have been fulfilled when notice has been mailed as so provided, whether or not it is actually received by the registered owner of any Bond to be redeemed. In the case of an optional redemption, the notice may state that the City retains the right to rescind the redemption notice and the related optional redemption by giving a written notice of rescission to the affected registered owners no later than two (2) business days prior to the scheduled optional redemption date. Any notice of optional redemption that is so rescinded shall be of no effect, and the Bonds for which the notice of optional redemption has been rescinded shall remain outstanding. Failure to Redeem the Bonds If any Bond is not redeemed when properly presented at its maturity or date fixed for redemption, the City is obligated to pay interest on that Bond at the same rate provided in the Bond from and after its maturity or date fixed for redemption until that Bond, both principal and interest, is paid in full or until sufficient money for its payment in full is on deposit in the City's Bond Fund, hereafter defined, and the Bond has been called for redemption by giving notice of redemption to the registered owner of each of those unpaid Bonds. Defeasance of the Bonds In the event that money and/or Government Obligations (as such obligations are defined in chapter 39.53 RCW, as now or hereafter amended) maturing at such time or times and bearing interest to be earned thereon in amounts (together with such money, if necessary) sufficient to redeem and retire part or all of the Bonds in accordance with their terms, are set aside in a special account of the City to effect such redemption and retirement, and such money and the principal of and interest on such obligations 2 are irrevocably set aside and pledged for such purpose, then no further payments need be made into the Bond Fund of the City for the payment of the principal of and interest on the Bonds so provided for, and such Bonds shall cease to be entitled to any lien, benefit or security of the Bond Ordinance except the right to receive the money so set aside and pledged, and such Bonds shall be deemed not to be outstanding. The term "Government Obligations" has the meaning given in chapter 39.53 RCW, as amended, currently: (1) direct obligations of, or obligations the principal of and interest on which are unconditionally guaranteed by the United States of America and bank certificates of deposit secured by such obligations; (2) bonds, debentures, notes, participation certificates, or other obligations issued by the Banks for Cooperatives, the Federal Intermediate Credit Bank, the Federal Home Loan Bank system, the Export-Import Bank of the United States, Federal Land Banks, or the Federal National Mortgage Association; (3) public housing bonds and project notes fully secured by contracts with the United States; and (4) obligations of financial institutions insured by the Federal Deposit Insurance Corporation or the Federal Savings and Loan Insurance Corporation, to the extend insured or to the extent guaranteed as permitted under any other provision of State law. If the City defeases any of the Bonds, such Bonds may be deemed to be retired and "reissued" for federal income tax purposes as a result of the defeasance. (See "TAX MATTERS" herein.) Debt Payment Record The City has never defaulted on a payment of principal or interest on any of its Bonds or obligations. Book-Entry System The Bonds will be issued under a book-entry system, initially registered to Cede & Co., as nominee of The Depository Trust Company ("DTC"), New York, New York, which will act as securities depository for the Bonds. Individual purchases of the Bonds will be made in the principal amount of $5,000, or integral multiples thereof within a single maturity. When the Bonds are issued, ownership interest will be available to purchasers only through a book-entry system (the "Book-Entry System") maintained by DTC or such other depository institution designated by the City pursuant to the Bond Ordinance. See Appendix E to this Official Statement for further information about the Book-Entry System. The information presented in Appendix E was obtained from DTC, and the City makes no representation as to the accuracy or completeness thereof If the Bonds are removed from the Book-Entry System and delivered to the person named as the registered owner of the Bonds on the registration records maintained by the Registrar in physical form, as described in Appendix E, the discussion therein of the Book-Entry System will not apply. The City will not be responsible or liable for maintaining, supervising or reviewing the records maintained by DTC, its participants or persons acting through such participants. Authorization The Bonds will be issued pursuant to the provisions of the Constitution and applicable laws of the State, particularly chapters 35A.40, 35.37, 39.36, 39.46 and 39.53 RCW and pursuant to Ordinance No. passed by the City Council on July 15, 2014, authorizing the issuance of the Bonds (the "Bond Ordinance"). 3 Purpose and Use of Proceeds Proceeds of the Bonds are to be used to pay the costs of: (i) refunding on a current basis all or a portion of the City's outstanding Limited Tax General Obligation Bonds, 2003 (the "2003 LTGO Bonds") maturing in the years 2014 through 2023, 2025 and 2033 outstanding in the amount of$7,435,000 (the "Refunded Bonds"); and (ii) paying the costs related to the refunding of the Refunded Bonds and the issuance and sale of the Bonds. The Bonds are being issued so the City can obtain the benefit of savings in total debt service requirements. The proceeds of the Bonds, together with certain other available funds of the City, are to be used to provide funds to establish an irrevocable escrow to: (i) pay interest on the Refunded Bonds when due up to and including , 2014; (ii) and to call, pay and redeem on , 2014, all of the Refunded Bonds at the price of par; and (iii) pay the administrative costs of the refunding of the Refunded Bonds and the costs of the issuance and sale of the Bonds (collectively, referred to herein as the "Refunding Plan"). From the proceeds of the Bonds and certain other available funds of the City, the City will deposit sufficient funds with U.S. Bank National Association (the "Escrow Agent"), to cause the refunding of the Refunded Bonds. The City's Finance Director, Manager, or any City employee either may appoint, are authorized to direct the Escrow Agent to purchase certain direct, noncallable obligations of the United States ("Acquired Obligations"), which will be deposited in the custody of the Escrow Agent. The funds deposited with the Escrow Agent or the maturing principal of the Acquired Obligations, interest earned thereon and cash will pay the principal of and interest on the Refunded Bonds up to and including , 2014. The funds deposited with the Escrow Agent, or the Acquired Obligations, along with interest earned thereon and cash will be pledged irrevocably to and held in trust for the benefit of the owners of the Refunded Bonds by the Escrow Agent, pursuant to a Refunding Trust Agreement to be executed by the City and the Escrow Agent on the Date of Delivery of the Bonds. Verification of Mathematical Calculations, , independent certified public accountants, verified the accuracy of the mathematical computations concerning the adequacy of the maturing principal amounts of and interest earned on the Acquired Obligations, to be placed together with other escrowed money in the escrow account to pay when due, pursuant to the call for redemption, the principal of and interest on the Refunded Bonds. The verification also confirms the mathematical computations supporting the conclusion of Bond Counsel that the Bonds are not "arbitrage bonds" as defined by Section 148 of the Code. 4 Information on the Refunded Bonds (subject to change) is as follows: Amount Refunded Amount Redemption Issue Outstanding Maturities Refunded Date Premium 2003 Bonds $7,435,000 2014-2023, $7,435,000 , 2014 $0 2025' & 2033' Refunded Bonds Maturity Years Principal Interest (December 1) Amounts Rates CUSIP 2014 $ 270,000 4.00% 849063AL6 2015 285,000 4.00 849063AM4 2016 300,000 4,00 849063AN2 2017 315,000 4.15 849063AP7 2018 360,000 4.25 849063AQ5 2019 395,000 5.00 849063AR3 2020 440,000 5.00 849063AS1 2021 485,000 5.00 849063AT9 2022 525,000 5.00 849063AU6 2023 580,000 5.00 849063AV4 2025' 940,000 5.00 849063AW2 2033' 2,540,000 5.00 849063AX0 Total $7,435,000 1 Term Bonds. Sources and Uses. The estimated sources and application of Bond proceeds are shown in the table that follows. Sources of Funds:' Principal Amount of the Bonds $ City Contribution Net Original Issue Premium/(Discount) Total Sources of Funds $ Application of Funds:' Deposit to Escrow Account $ Deposit to Debt Service Account (Rounding) Costs of Issuance of the Bonds2 Total Application of Funds $ Amounts will be included in the final Official Statement. 2 Includes Bond Counsel fees, Underwriter's discount,Financial Advisor fee,rating agency fees, Escrow Agent fees, escrow verification fees, costs of printing and distributing the Preliminary and final.Official Statements, and other related fees and expenses. 5 SECURITY - PLEDGE OF FULL FAITH AND CREDIT The Bonds are limited tax general obligations of the City. The full faith and credit of the City are irrevocably pledged for the payment of the Bonds, within the appropriate constitutional and statutory limitations for non-voted general obligations. The City has irrevocably covenanted and agreed that for so long as any of the Bonds are outstanding, it will levy taxes annually, in an amount permitted to cities without a vote of the electors of the City, on all the taxable property in the City, in amounts sufficient, together with all other money legally available and to be used therefor, to pay the principal of and interest on the Bonds as the same shall become due, keeping in mind constitutional and statutory tax limitations pertaining to non-voted general obligations.. The Spokane Public Facilities District (the "District") makes payments to the City related to the Mirabeau Point Project (defined herein). The City may, but is not required to, allocate such payments received by the District towards debt service payments on the 2003 LTGO Bonds or the Bonds. The payments are scheduled payments on each June 1 and December 1, which commenced December 1, 2003 and will conclude on December 1, 2033 as further set forth in the Agreement and correspond to the debt service payments on the 2003 LTGO Bonds. (See "DEBT AND FINANCIAL INFORMATION - Interlocal Agreement with Spokane Public Facilities District" herein.) The Bonds are not obligations of the State, Spokane County, Washington (the "County"), the Spokane Public Facilities District (the "District"), or any other municipal corporation other than the City. For a description of the manner in which taxes are levied and collected, see "PROPERTY TAX LIMITATIONS AND PROCEDURES - Property Tax Levy Procedures." PROPERTY TAX LIMITATIONS AND PROCEDURES Limitations on Regular Property Tax Levies The authority of a city to levy taxes without a vote of the people for general city purposes, including the payment of debt service on limited tax general obligation debt, such as the Bonds, is subject to the limitations described below. Information relating to regular property tax limitations is based on existing statutes and constitutional provisions. Changes in such laws could alter the impact of these and other interrelated tax limitations on a city. Maximum Rate Limitation. RCW 84.52.043 allows a city to levy taxes of up to $3.375 per $1,000 of taxable property in the city and RCW 41.16.060 allows an additional $0.225 per $1,000 for any municipal purpose, if such additional levy is not required to fund pension programs. For cities annexed to a library district and/or a fire district, such as the City, the maximum levy rate is reduced by the amount of the library district and/or fire district levy. The Spokane County Library District's regular levy is $0.499734 per $1,000 and the Spokane Valley Fire District's regular levy is $1.500000 per $1,000, which reduces the City's current maximum regular levy rate to $1.600266. The City's regular levy for 2014 is $1.545147 per $1,000. These taxes may be levied without a vote of the people. This limitation is exclusive of a potential levy for the maintenance of a local improvement guaranty fund, which the City does not levy. One Percent Aggregate Regular Levy Limitation. Article VII, Section 2 of the Washington Constitution, as amended in 1973, limits aggregate regular property tax levies by the State and all taxing districts, except port districts and public utility districts, to $10 per $1,000 or 1.00% of the true and fair value of property. RCW 84.52.050 provides the same limitation by statute. 6 Aggregate Levy Rate Limitations. Within the 1.00% limitation described above, aggregate regular property taxes levied by entities other than the State may not exceed $5.90 per $1,000. If aggregate regular property tax levies exceed either limitation,junior taxing district levies within the area affected are reduced or eliminated according to priority established in RCW 84.52.010. RCW 84.52.043 defines "junior taxing districts" as all taxing districts other that the State, counties, road districts, cities, towns, port districts and public utility districts. The City is not a junior taxing district. Constitutional Uniformity. Property taxes generally are subject to a "uniformity" requirement under the State Constitution, which specifies that similarly classified property throughout a taxing district must be taxed at a uniform rate. Aggregate property tax rates may vary within a taxing district because of the different overlapping districts. Under the uniformity requirement, if the available levy rate capacity varies within a district, then the rate for the entire district will be uniformly lowered to the lowest of the permissible rates under the aggregate rate limitations. Regular Levy Amount Increase Limitation Levy Amount Increase Limitation (JOT% Levy Lid). In addition to the rate limitations described above, state law (chapter 84.55 RCW) also restricts the increase in the total amount of an individual taxing district's regular levy from year to year. The law limits a taxing district's regular levy to an amount equal to 100% of the district's highest prior levy amount, multiplied by a "limit factor," plus a full value adjustment for new construction and certain other adjustments. The limit factor is defined as (i) the lesser of 101% or 100% plus inflation (measured by the implicit price deflator), or (ii) up to 101%, regardless of inflation, if approved by the legislative authority of the taxing district upon a finding of substantial need. RCW 84.55.050 allows a taxing district to levy a greater amount than would otherwise be allowed under the levy lid, either indefinitely or for a limited period or purpose if approved by a majority of the voters. This is known as a "levy lid lift." A levy lid lift does not permit the taxing district to exceed any applicable levy rate limitations. RCW 84.55.092 allows the property tax levy to be set at the amount that would be allowed if the tax levy for taxes due in each year since 1986 had been set at the full amount allowed under chapter 84.55 RCW. This is sometimes referred to as "banked" levy capacity. "Banked" Levy Capacity. Currently, the City has $422,890 of"banked" levy capacity, which if levied in the full amount equals a levy of approximately $0.058989 per $1,000 at the 2014 Tax Year Assessed Valuation of $7,168,991,028. The City's current maximum regular levy rate is equal to $1.600266 per $1,000 and the City's regular levy for 2014 is $1.545147 per $1,000 and if the banked levy capacity is levied in the full amount, the City would exceed the maximum regular levy rate of $1.600266 by $0.00387 per$1,000 taking into consideration the information available for tax year 2014. Authorization of Excess Levies. RCW 84.52.052 authorizes the levying of taxes in excess of the $5901$1,000 and 1.00% limit imposed by RCW 84.52.043 and 84.52.050, respectively, by taxing district except school districts, when a larger levy is necessary in order to prevent impairment of the obligation of the contracts. Any such taxing district may also levy taxes in excess of the rates specified by statute when authorized to do so by the voters of such taxing district. Excess levies require 60% voter approval and there must be at least 40% of the voters from the previous general election voting. Property Tax Levy Procedures Valuations and Assessments of Property for Taxation Purposes. The Spokane County Assessor (the "County Assessor") determines the value of all real and personal property throughout the County that is subject to ad valorem taxation. The County Assessor is an elected official whose duties and methods of determining value are prescribed and controlled by statute and by detailed regulations promulgated by the Department of Revenue of the State of Washington. For tax purposes, the assessed value of property 7 is set at 100% of its true and fair value as of January 1 of each year. All property is subject to revaluation at least once every four years and to an on-site appraisal at least once every six years. The property is listed by the County Assessor on a tax roll at its current assessed value and the tax roll is filed in the County Assessor's office. The County Assessor's determination is subject to revisions by the County Board of Equalization and, for certain property, subject to further revisions by the State Board of Equalization. After all administrative procedures are completed, the Board receives the County Assessor's final certificates of assessed value of property within the City. Property Tax Collection Procedures. Property taxes are levied in specific amounts, and the rate for all taxes levied for all taxing districts in each county is determined, calculated, and fixed by the County Assessor based upon the assessed valuation of the property within the various taxing districts. The County Assessor extends the taxes to be levied within each taxing district upon a property tax roll, which contains the total amount of taxes to be so levied and collected. The property tax roll is delivered to the County Treasurer by January 15, who bills and collects the taxes as certified. All such taxes are due and payable on the 30th of April of each year; but if the amount due from a taxpayer exceeds $50, one-half may be paid then and the balance no later than October 31 of that year. Delinquent taxes are subject to interest at the rate of 1.00% per month until paid. In addition, a penalty of 3.00% will be assessed on June 1St of the year in which the tax was due and 8.00% on December 1st of the year the tax was due. The method of giving notice of payment of taxes due, the County Treasurer's accounting for the money collected, the distribution of the taxes among the various taxing districts, notices of delinquency, and collection procedures are all covered by detailed statutes. Tax Liens and Foreclosure. Property taxes and all charges and expenses relating to the taxes constitute a statutory lien on the property taxed. The lien attaches to the property from and including January 1 in the year in which the tax is levied, and is discharged only when the taxes are paid. In other respects, and subject to the "Homestead Exemption," the Iien for delinquent property taxes is prior to all other liens or encumbrances of any kind on real or personal property subject to taxation, except federal tax liens. The State's courts have not decided whether the Homestead Law (Chapter 6.13 RCW) may give the occupying homeowner a right to retain the first $125,000 of proceeds of the forced sale of the family residence or other "homestead" property for delinquent general property taxes. (See Algona vs. Sharp, 30 Wn. App. 837, 638 P.2d 627 (1982), holding the homestead right superior to the improvement district assessment). The United States Bankruptcy Court for the Western District of Washington has held that the Homestead Exemption applies to the lien for property taxes, while the State Attorney General has taken the position that it does not. By law, the County Treasurer must commence in superior court foreclosure of a tax lien on real property after three years have passed since the first delinquency. The County Treasurer must sell the property to the highest and best bidder for cash upon entry of the order of foreclosure. The minimum bid allowable is the total amount of the taxes, interest, penalty and costs due. If a property is foreclosed upon by the County Treasurer, it becomes stricken from the tax rolls and becomes Tax Title Property that is held in trust by the County for the benefit of the taxing districts within the levy code of that parcel. If and when the parcel is sold, proceeds of the sale are disbursed to the taxing districts within that levy code. A property owner may redeem the property at any time prior to the foreclosure sale by paying the County Treasurer the amount of the certificate of delinquency and all taxes, interest and costs accruing after the certificate of delinquency is issued, together with interest on such amount at the rate of 12.00% per annum. 8 DEBT AND FINANCIAL INFORMATION Statutory Debt Limitations The power of the City to contract debt of any kind is controlled and limited by State law. All debt must be set forth in accordance with detailed budget procedures and paid for out of identifiable receipts and revenues. The budget must be balanced for each fiscal year, It is unlawful for an officer or employee of the City to incur liabilities in excess of budgetary appropriations. The amount of indebtedness that a City may legally incur is limited by the Constitution and laws of the State. For State law purposes, "debt" generally includes any unconditional obligation that is generally payable from and secured by a pledge of tax revenues. Voter Approved Debt. As prescribed by State statutes, the unlimited tax general obligation indebtedness permitted for cities, subject to 60% majority vote of registered voters, at an election at which 40% of those who voted at the last general election cast a ballot, is limited to 2,50% of assessed valuation for general purposes, 2.50% for utilities and 2.50% for open space and park facilities and economic development purposes. The tax levy limitations described herein do not apply to excess tax levies approved by the voters for payment of voter-approved debt. The Bonds are not subject to voter- approval. Non-Voted Debt. The City may, without a vote of the electors, incur general obligation indebtedness in an amount not to exceed 1.50% of assessed valuation. Additionally, the City may also, without a vote of the electors, enter into leases, if the total principal component of the lease payments together with the other non-voted general obligation indebtedness of the City, does not exceed 1,50% of assessed valuation. The combination of unlimited tax and limited tax general obligation debt for general purposes, including leases, cannot exceed 2.50% of assessed valuation and for all purposes cannot exceed 7.50% of assessed valuation, Debt Summary The following table presents a summary of certain City debt factors as of June 1, 2014, adjusted to exclude the Refunded Bonds and include the Bonds. (See "DEBT AND FINANCIAL INFORMATION — Debt Limitation Calculation and "— Direct and Estimated Overlapping General Obligation Debt" herein.) 2013 Population Estimate' 91,490 2014 Tax Year Assessed Valuation $7,168,991,028 Total Non-voted G.O. Debt Outstanding (including the Bonds and excluding the Refunded Bonds)2 $7,255,000 Total Voted G.O. Debt Outstanding $0 Total Direct G.O. Debt (voted&non-voted) Outstanding (including the Bonds and excluding the Refunded Bonds)2 $7,255,000 Estimated Overlapping Debt Outstanding $87,382,004 Total Direct and Overlapping Debt Outstanding' $94,637,004 Remaining Non-Voted General Obligation Debt Capacity' $100,099,865 Remaining Total General Obligation Debt Capacity (voted&non-voted) for General Purposes' $171,969,776 t As estimated by the Washington State Office of Financial Management. 2 Preliminary, subject to change. (See"DEBT AND FINANCIAL INFORMATION- Schedule of General Obligation Bond Debt Service"and"-Direct and Estimated Overlapping General Obligation Debt"herein.) Source: Spokane County Assessor's and Treasurer's Offices. 9 General Obligation Debt Ratios' Assessed Valuation Per Capita $78,358 Direct Debt Per Capita $79 Direct and Overlapping Debt Per Capita $1,034 Direct Debt to Assessed Valuation 0.10% Direct and Overlapping Debt to Assessed Valuation 1.32% Preliminary;subject to change. Future Financing Other than the Bonds, the City has no plans to issue any other general obligation bonds within the next 12 months. Direct and Estimated Overlapping General Obligation Debt The following information sets forth the general obligation indebtedness of the City, including the Bonds and excluding the Refunded Bonds, which will be repaid with Bond proceeds, and of taxing entities with boundaries that overlap with the City as of June 1, 2014 (except as noted). Final Amount Direct General Obligation Debt: Maturity Outstanding Voted Debt None N/A $0 Total Voted Debt' $0 Non-Voted Debt Loans/ Leases/Contracts N/A $0 The Bonds' 12/01/2033 7,255,000 Total Non-Voted Debt' $7,255,000 Total Voted and Non-Voted General Obligation Debt' $7,255,000 Estimated Overlapping Debt as of 06/01/2014: General Percent Amount Obligation Overlapping Overlapping Taxing Entity Debt Outstanding with City with City Spokane County $187,791,252 19.25% $36,151,288 Library District 2,905,000 34.61 1,005,370 Spokane School District No. 81 333,354,065 3.91 13,041,999 Central Valley School District 28,643,708 64.32 18,423,165 East Valley School District No. 6,623,397 60.31 3,994,248 West Valley School District 27,411,176 53.37 14,630,327 Spokane Valley Fire District 0 71.26 0 Moran Fire District No. 8 1,800,000 7.53 135,607 Total Overlapping Debt $87,382,004 Total Direct Debt of the City and Overlapping Debt' $94,637,004 `Preliminary;subject to change. Source: Spokane County Assessor's and Treasurer's Offices and certain taxing districts. 10 Debt Limitation Calculation In the State, there is a statutory limit on the amount of indebtedness a city may incur. (See "- Statutory Debt Limitations" above.) The following chart sets forth the remaining general obligation debt capacity of the City as of June 1, 2014, calculated to include the Bonds and exclude the Refunded Bonds. The 2014 tax year assessed valuation of the City for regular levies is $7,168,991,028. I. General Purposes: A. Non-Voted Debt Capacity (1.50% of Assessed Valuation) $107,534,865 Less: Non-Voted Debt(including the Bonds and excluding the Refunded Bonds)' (7,255,000) Plus: Cash and Investments in Debt Service Funds' 46,576 Remaining Capacity for Non-Voted General Purposes $100099..865 Percent of Non-Voted Debt Capacity Remaining 93.1% B. Total General Debt Capacity (2.50% of Assessed Valuation) $179,224,776 Less: Voted Debt 0 Less: Non-Voted Debt (including the Bonds and excluding the Refunded Bonds)' (7,255,000) Plus: Cash and Investments in Debt Service Funds' 0 Remaining Capacity for Total General Debt Purposes $171,969,776 Percent of Total Debt Capacity Remaining 96.0% II. Utility Purposes: Voted Debt Capacity (2.50% of Assessed Valuation) $179,224,776 Less: Outstanding Debt 0 Remaining Capacity for Utility Purpose $179,224,776 Percent of Utility Debt Capacity Remaining 100.00% III. Parks and Open Space Purposes: Voted Debt Capacity (2.50%of Assessed Valuation) $179,224,776 Less: Outstanding Debt 0 Remaining Capacity for Parks and Open Space $179,224,776 Percent of Parks and Open Space Debt Capacity Remaining 100.00% Preliminary, subject to change. (See "- Schedule of General Obligation Bond Debt Service" and "- Direct and Estimated Overlapping General Obligation Debt"herein.) 2 Balance as of April 30,2014. Source: Spokane County Assessor's Office and the City. 11 f Schedule of General Obligation Bond Debt Service The following table presents a preliminary schedule of debt service requirements for the Bonds. Interest figures below may be rounded. Assuming the issuance of the Bonds and defeasance of the Refunded Bonds, the City will not have outstanding any additional non-voted debt other than the Bonds. The City does not have any outstanding unlimited tax (voter approved) general obligation debt. (See "- Direct and Estimated Overlapping General Obligation Debt" herein.) Limited Tax General Obligation Bond Debt Service Requirement: The Bonds' Total LTGO Year Principal' Interest' Debt Service' 2014 $355,000 $67,705 $422,705 2015 330,000 216,512 546,512 2016 345,000 209,913 554,913 2017 350,000 203,012 553,012 2018 390,000 196,013 586,013 2019 415,000 188,212 603,212 2020 450,000 179,913 629,913 2021 480,000 170,912 650,912 2022 510,000 156,513 666,513 2023 560,000 141,212 701,212 2024 435,000 124,413 559,413 2025 465,000 111,362 576,362 2026 505,000 92,763 597,763 2027 395,000 72,562 467,562 2028 300,000 55,775 355,775 2029 250,000 43,025 293,025 2030 230,000 32,400 262,400 2031 185,000 22,050 207,050 2032 135,000 13,725 148,725 2033 170,000 7,650 177,650 Total $7,255,000 $2,305,642 $9,560,642 'Preliminary,subject to change. Interest rates are estimated. 12 Assessed Valuation Set forth in the following table is the assessed valuation for regular levies of property located within the City for years 2010 through 2014. Tax %Change from Year Assessed Value Prior Year 2014 $7,168,991,028 3.6% 2013 6,921,825,295 (2.3) 2012 7,087,523,395 (0.7) 2011 7,140,947,644 (0.4) 2010 7,169,492,602 --- Source: Spokane County Assessor's Office. Ad Valorem Tax Levies The following presents the ad valorem tax levy rates and amounts for each fund of the City for tax years 2010 through 2014. The City does not have any voter-approved excess levies. Rates per$1,000 of Assessed Value Tax Year Regular _ 2014 $1.545147 2013 1.577609 2012 1.526445 2011 1.503003 2010 1.510108 Levy Amounts _ Tax Year Regular 2014 $11,077,144 2013 10,919,932 2012 10,818,717 2011 10,732,863 2010 10,826,709 Source: Spokane County Assessor's Office. 13 Tax Collections The following table presents the property taxes collected for the City in the tax years 2009 through 2014, and the percentage collected as of April 30, 2014. Tax Collected Percent of Tax Total Tax Percent of Tax Tax Regular Tax in Year of Collected in Collected as of Collected as of Year Levy' Levy Year of Levy 04/30/14 04/30/14 2014' $11,079,836 $5,162,925 46.6% $5,162,925 46,6% 2013 10,927,218 10,674,154 97.7 10,756,634 98.4 2012 10,823,726 10,606,030 98.0 10,682,547 98.7 2011 10,737,546 10,512,677 97.9 10,594,737 98.7 2010 10,835,349 10,594,917 97.8 10,693,496 98.7 2009 10,537,288 10,316,468 97.9 10,3 97,114 98.7 'As adjusted by the Spokane County Treasurer's Office. 2 Through April 30,2014,as full year of tax collections is not available. Source: Spokane County Treasurer's Office. Interlocal Agreement with Spokane Public Facilities District The City, the Spokane Public Facilities District (the "District") and the County entered in to an Interlocal Agreement in July 2003, as subsequently amended (the "Agreement"), in which the District agreed to provide a portion of funds for a regional plan of finance for three regional center projects, one of whichwas located within the City, the CenterPlace at Mirabeau Point (the "Project"). anyi _ j The Project is a 54,000 square-foot event facility that offers a variety of spaces including, banquet facilities, flexible meeting/conference rooms with media and technology options, an auditorium, classroom space utilized by the Community Colleges of Spokane and houses the Spokane Valley Senior Center. In addition to funding provided by the County, a portion of the proceeds from the issuance of the 2003 LTGO Bonds, were used for the construction of the Project, which was completed in 2005. In April 2012 ,the electors of the District approved the reauthorization and extension of an additional 10 years from September 2033 to September 1, 2043 of a sales and uses tax of a rate not to exceed 0.10% of the selling price in the case of a sales tax or the value of the article used in the case of a use tax (the "District Sales and Use Tax"), and a hotel/motel excise tax at a rate of 2% on any charge for lodging in a facility of more than 40 lodging units (the "District Lodging Tax"). Pursuant to RCW 82.14.390, the District also has the authority to collect, in the form of a rebate from the State's portion of the sales and use tax collections in the County, an additional 0.033%, subject to certain conditions, and is limited to a period of 25 years, which is set to expire in 2027 (the "District State Credit Sales and Use Tax"). Pursuant to the Agreement, the District has agreed to make payments (the "Mirabeau Point Payments") to the City from"Regional Tax Revenues"of the District. Regional Tax Revenues means, all proceeds of the District State Credit Sales and Use Tax received on and after March 1, 2003, the District Lodging Tax, and the District Sales and Use Tax received by or available to the District from and after the earlier of (i) January 1, 2018, and (ii) the date on which all indebtedness incurred by the District in connection with the Spokane Veteran Memorial Arena is retired and/or legally defeased. The final maturity of indebtedness of the District related to the Spokane Veteran Memorial Arena is currently December 1, 2017. Since the Regional Tax Revenues are currently committed to the Spokane Veteran Memorial Arena, the District Sales and Use Tax and District Lodging Tax are not expected to be available to the District for 14 intergovernmental payments until at least 2018, The Regional Tax Revenues are applied in the order of priority as described in the Agreement. The Mirabeau Point Payments may consist of District revenues received from the District State Credit Sales and Use Tax and the District Sales and Use Tax. The City may at is sole option, but is not required to, apply the Mirabeau Point Payments towards debt service payments of the $7,000,000 of initial principal issued for the Mirabeau Point Project with the 2003 LTGO Bonds, The City has full and complete control over the development, operation and management of the Mirabeau Point Project that the City owns and operates on behalf of the City and the District. All of the District's legal ownership interests, if any, in the Mirabeau Point Project shall terminate and revert to the City upon the termination of the District's obligation to make Mirabeau Point Payments. The Mirabeau Point Payments are scheduled payments on each June 1 and December 1, which commenced December 1, 2003 and will conclude on December 1, 2033 as further set forth in the Agreement and correspond to the debt service payments on the 2003 LTGO Bonds. Mirabeau Point Payments Received by the City from Amount Year the District Budgeted to be Received Projected 2014 $441,520 $441,520 2013 437,120 437,120 2012 432,320 432,320 2011 427,120 427,120 2010 421,520 421,520 2009 419,670 419,670 Source: The City. The Mirabeau Point Payments are not pledged to the repayment of the 2003 LTGO Bonds and the City has no obligation to use the Mirabeau Point Payments to pay debt service on the 2003 LTGO Bonds or the Bonds. The Mirabeau Point Payments are a special obligation of the District and the ability of the District to make such intergovernmental payment is dependent on the receipt of such certain tax revenues described above, which cannot be guaranteed. There can be no assurance that the City will receive any Mirabeau Point Payments and the City's obligation to pay debt service on the 2003 LTGO Bonds and the Bonds is not contingent upon the receipt of such payments. The 2003 LTGO Bonds and the Bonds are limited tax general obligations of the City for which the City has irrevocably covenanted and agreed that for so long as any of the 2003 LTGO Bonds or the Bonds are outstanding, it will include in its budget and levy taxes annually, in an amount permitted to cities without a vote of the electors of the City, on all the taxable property in the City, in amounts sufficient, together with all other money legally available and to be used therefor, to pay the principal of and interest on the 2003 LTGO Bonds and the Bonds as the same shall become due. Operating Reserve Account. The City established an Operating Reserve Account (the "Reserve Account"), which is available to pay operating expenses of the Mirabeau Point Project and to pay debt service payments. As of June 1, 2014, the Reserve Account had a current balance of $300,000. The Reserve Account was initially funded with a de osit of$100,000 in 2004 with available funds, with the remaining $200,000 funded by/in I _ . Although the Reserve Account is available to pay debt service on obligations relating to the Mirabeau Pont Project, the Reserve Account is not pledged to the repayment of the 2003 LTGO Bonds or the Bonds and the City is not obligated to utilize such funds to pay debt service on the 2003 LTGO Bonds or the Bonds. The City has never utilized the Operating Reserve Account. However, the City has established a plan to replenish any funds drawn from the Reserve Account. 15 Consolidated Levy Rates The following table shows representative aggregate levy rates per $1,000 of assessed value of property located in the City (tax code area 144) for tax collection year 2014. The overlapping taxing districts within the City have the statutory power to levy regular property taxes at the rates, shown as maximum levy rates, subject to limitation, and to levy excess voter approved property taxes. These rates do not apply to all property within the City; therefore, additional taxing districts may levy taxes within the City, but are not shown below. Aggregate levy rates vary throughout the City due to different boundaries of overlapping taxing districts. Maximum Total Levy Regular Levy Taxing Entity Rates Rate State of Washington(statewide school levy)' $ 2.372966 $3.600 Spokane County' 1.302176 1.800 County Conservation Futures 0.047213 --- Library District' 0.499734 0.500 Spokane Valley Fire District No. 1 (regular)' 1.500000 1.500 Spokane Valley Fire District No. 1 (special) 1.691238 --- Central Valley School District No. 356 (M&O)4 3.555682 --- Central Valley School District No. 356 (Bond)4 1.839854 --- The City' 1.545147 3.100 Total $14,354010 ' The levy by the State may not exceed $3.60 per$1,000 assessed value adjusted to the State equalized value in accordance with the indicated ratio fixed by the State Department of Revenue to be used exclusively for the support of the common schools to equalize the assessment base as between counties with different appraisal schedules. 2 A county may increase its levy from $1.80/$1,000 to a rate not to exceed $2.4751$1,000 for general county purposes if(a) the total levies for both the county and any road district within the county do not exceed $4.05/$1,000 and (b) no other taxing district has its levy reduced as a result of the increased county levy. 3 RCW 84.52.043 allows a city to levy taxes of up to $3.375 per$1,000 of taxable property in the city and RCW 41.16.060 allows an additional $0.225 per $1,000 for any municipal purpose, if not required to fund pension programs. For cities annexed to a library district,such as the City,the maximum levy rate is reduced by the amount of the library district regular levy. For cities annexed to a fire district, such as the City, the maximum levy rate is reduced by the amount of the fire district regular levy. 4 School districts are not authorized to impose regular levies. School district levies are voter-approved excess levies and, as such,are not subject to the rate and amount limitations applicable to regular levies. Source. Spokane County Assessor's Office. 16 Major Taxpayers The following table lists the ten largest taxpayers within the City for tax year 2014 listed in declining order of assessed value. %of City's 2014 Assessed 2014 Assessed Valuation Taxpayer Business Valuation ($7,168,991,028) _ 1. Kaiser Alum and Chem Corp Manufacturing $260,978,436 3.6% 2. Avista Corporation Utility 72,339,139 1.0 3. Spokane Valley Mall Mall 65,983,856 0.9 4. Park SPE, LLC Real Estate 66,198,520 0.9 5. Cellco Partnership/Verizon Wireless Telecommunications 48,852,700 0.7 6. Wal-Mart Stores Inc. Retail 35,375,029 0.5 7. Spokane Valley WA Hospital LLC Healthcare 39,724,538 0.6 8. Hanson Industries Alluvial Mining Equipment 26,132,170 0.4 9. Indian Pointe LLC Property Developer 24,640,990 0.3 10. BNSF Railway Company Railroad = 22,453,990 0.3 Total $662,679,368 9.2% Source: Spokane County Treasurer's Office. Auditing of City Finances Accounting systems and budgetary controls are prescribed by the Office of the State Auditor in accordance with RCW 43.09.200 and RCW 43.09.230. State statutes require that audits for cities be conducted by the Office of the State Auditor. The City complies with the systems and controls prescribed by the Office of the State Auditor and establishes procedures and records which reasonably assure safeguarding of assets and the reliability of financial reporting. The State Auditor is required to examine the affairs of all local governments at least once every three years. The examination must include, among other things, the financial condition and resources of the City, whether the laws and constitution of the State are being complied with, and the methods and accuracy of the accounts and reports of the City. Reports of the auditor's examinations are required to be filed in the Office of the State Auditor and in the finance department of the City. The State Auditor last audited the City's financials for fiscal year 2012, which audit is included as Appendix D hereto. 17 Historical and Budgeted General Fund Operating Results The following General Fund financial information was extracted from the City's audited annual financial statements for the fiscal years ending December 31, 2008 through 2012 and unaudited financial statements for fiscal year ended December 31, 2013 and 2014 budgeted information. Additional information that may interpret, clarify or modify the data presented below may be contained in the complete financial audits, including the accompanying footnotes. Fiscal Year Ending December 31 Audited Audited Audited Audited Audited Unaudited 2008 2009 2010 2011 2012 2013 REVENUES: Taxes $29,423,180 $27,526,074 $27,443,362 $28,052,407 $28,867,500 $30,083,368 Licenses&Permits 2,508,810 2,121,233 2,099,977 1,938,683 2,099,092 2,427,635 Intergovernmental 1,251,415 1,785,273 2,114,048 2,143,518 2,233,750 1,951,671 Charges for Goods& Services 759,752 835,489 665,510 658,254 866,479 987,788 Fines and Forfeits 771,448 778,136 749,737 588,644 563,893 543,662 Investment Interest 361,845 137,934 148,036 91,879 97,111 68,177 Miscellaneous 1,542,299 1,495,673 1717,465 1,279,590 1,107,751 1,045,756 TOTAL REVENUES $36,618,748 $34,679,812 $34,938,135 $34,752,976 $35,835,576 $37,108,057 EXPENDITURES: General Government $3,467,064 $4,215,537 $4,046,806 $3,993,020 $4,203,373 $4,231,733 Public Safety 17,605,571 20,557,834 21,129,900 22,554,387 21,664,077 22,429,738 Utilities&Physical Environment 1,178,474 1,730,981 1,765,542 1,757,430 1,829,179 1,667,454 Transportation 49,458 34,300 34,300 0 0 0 Economic Environment 145,639 148,229 144,050 161,867 246,862 356,093 Community Development 2,971,123 2,044,939 1,878,758 1,771,845 1,894,058 2,030,754 Culture&Recreation 2,056,243 2,287,310 2,322,684 2,300,559 2,536,019 2,599,253 Debt Service 0 0 24 (952) 444 301 Capital Outlay 594,610 137,691 72,938 163,522 95,465 917,226 TOTAL EXPENDITURES $28,068,182 $31,156,821 $31,395,002 $32,701,678 $32,469,477 $34,232,552 Revs. Over/(Under)Exp. $8,550,566 $3,522,991 $3,543,133 $2,051,298 $3,366,099 $2,875,505 Net Total Other Sources(Uses) _ $(605,467) 5(588,737) $(690,139) 5(1,375,296) $(2,847,603) $(8,112,107)2 NET CHANGE IN FUND BALANCE $7,945,099 $2,934,254 $2,852,995 $676,001 $518,496 $(5,236,602) FUND BALANCE, JAN. 1 13,747,197 21,692,296 30,382,7361 33,235,731 33,911,732 34,593,550 Prior Period Adjustment 0 0 0 0 163,322 0 FUND BALANCE,DEC. 31 $21,692,296 $24,626,5501 $33,235,731 $33,911,732 $34,593,550 $29,356,948 i Pursuant to GASB 5,1 implemented in 2010, the General Fund End Balance as of January 1 includes certain other non-major special revenue funds that were no longer allowed to be considered stand-alone special revenue funds under GASB 54 and consequently were consolidated with the General Fund. 2 This amount takes into consideration the decision of the City Council to transfer out of the General Fund the amount of$7,826,000 to a Capital Reserve Fund that was created to allow the City flexibility to address capital needs. Of the $7,826,000, approximately $2,690,000 has been committed by the City as follows: $2,320,000 as grant matching funds for a bridge replacement project with construction expected to occur 2014 through 2016; $268,000 for street landscaping to be completed in 2014;$60,000 for business route signage completed in 2013; and $42,000 for a joint park/library site design completed in 2013. The City Council is in the process of prioritizing projects to commit the remaining$5,136,000 of funds. Source: The City's Audited Financial Statements for fiscal years 2008 through 2012 and unaudited financial statements for fiscal year 2013. 18 The following budgeted General Fund financial information was extracted from the City's 2013 and 2014 budgeted information. Additional information that may interpret, clarify or modify the data presented below may be contained in the complete budgets for each year. Budget Budget 2013 2014 REVENUES: Property Tax $10,943,700 $11,049,400 Sales Tax/Criminal Justice/Public Safety/Gambling/Leasehold Excise 17,892,500 19,084,400 Franchise Fees/Business Registration 1,135,000 1,213,000 State Shared Revenues 1,684,600 1,886,500 Fines&Forfeitures/Public Safety 1,632,300 1,470,800 Community Development 1,174,000 1,255,400 Recreation Program 571,500 579,800 Miscellaneous and Investment Interest 165,000 122,900 Miscellaneous Department Revenue 0 85,500 Transfers-in 83,100 83,100 TOTAL REVENUES $35,281,700 $36,830,800 EXPENDITURES: City Council $390,111 $414,950 City Manager 637,984 660,843 Legal 474,161 448,922 Public Safety 22,139,200 23,384,643 Deputy City Manager 609,706 653,215 Finance/IT 1,089,633 1,180,659 Human Resources 232,469 237,883 Public Works 876,443 882,694 Community Development 3,223,345 3,294,559 Parks and Recreation 2,665,665 2,709,219 Pavement Preservation 855,857 888,823 General Government 1,799,100 1,741,600 Transfers-out 319,000 325,000 TOTAL RECURRING EXPENDITURES $35,312,674 $36,823,010 NET RECURRING REVENUES OVER/(UNDER)EXPENDITURES $(30,974) $7,790 NON-RECURRING REVENUES; Transfers-in $50,787 $0 TOTAL NON-RECURRING REVENUES $50,787 $0 NON-RECURRING EXPENDITURES: Transfers-out $7,926,9942 $192,500 Law Enforcement Contingency 0 350,000 Department Equipment Needs 81,962 44,150 TOTAL NON-RECURRING EXPENDITURES $8,008,9562 $586,650 NET NON-RECURRING REVENUES OVER/(UNDER)EXPENDITURES $(7,958,169)2 $(586,650) NET CHANGE IN FUND BALANCE $(7,989,143) $(578,860) FUND BALANCE,JAN. 1' $34,593,549 29,356,949 FUND BALANCE,DEC.31' $26,604,406 $28,778,089 ' Pursuant to GASB 54 implemented in 2010, the General Fund End Balance as of January 1 includes certain other non-major special revenue funds that were no longer allowed to be considered stand-alone special revenue funds under GASB 54 and consequently were consolidated with the General Fund, 2 This amount takes into consideration the decision of the City Council to transfer out of the General Fund the amount of$7,826,000 to a Capital Reserve Fund that was created to allow the City flexibility to address capital needs. Of the $7,826,000, approximately $2,690,000 has been committed by the City as follows: $2,320,000 as grant matching funds for a bridge replacement project with construction expected to occur 2014 through 2016; $268,000 for street landscaping to be completed in 2014; $60,000 for business route signage completed in 2013; and $42,000 for a joint park/library site design completed in 2013. The City Council is in the process of prioritizing projects to commit the remaining$5,136,000 of funds. Source: The City's budgeted information for fiscal years 2013 and 2014. 19 Budgetary Process The City adopts annual appropriated budgets for the general fund, capital funds, debt service funds, street funds, equipment funds and utility funds. Annual appropriated budgets are adopted at the fund level and constitute the legal authority for expenditures at that level. The City's Finance Director is authorized to transfer budgeted amounts between any fund object classes within departments; however, any revisions that alter the total expenditures of a fund or that affect the number of authorized employee positions, salaty ranges, hours or other conditions of employment must be approved by the City's legislative body. The City also has a policy stating that the General Fund Balance be maintained at an amount that is at least 50% of recurring expenditures. Description of Other Taxes In addition to its regular property tax levy, the City also collects various other taxes, including a retail sales tax (also known as a "local sales and use tax"), criminal justice tax, public safety sales tax and a gambling tax. The table below presents sources of tax revenue, other than property taxes, received in the General Fund for years 2009 through April 30, 2014. Sales & Criminal Public Gambling Year Use Tax Justice Tax Safety Tax Tax Total 2014' $4,050,519 $334,519 $188,706 $14,799 $4,588,543 2013 16,587,617 1,358,956 759,889 528,438 19,234,900 2012 15,427,377 1,286,302 724,052 618,394 18,056,125 2011 14,850,409 1,266,819 724,219 524,230 17,365,677 2010 14,097,299 1,241,917 711,068 646,143 16,696,427 2009 14,337,595 1,260,924 718,548 727,004 17,044,071 Through April 30,2014. Local Sales and Use Tax, The City imposes a sales and use tax as a percent of the selling price on any retail sales or use of tangible personal property delivered or used within the City, upon which the State also imposes a sales and use tax. The total sales and use tax rate in the City is currently 8.70%, of which the City receives approximately 0.85%. Criminal Justice Tax. The Criminal Justice Tax is an additional local sales and use tax of 0.1% for funding criminal justice programs. The criminal justice sales tax distribution is based on population. This tax is levied only by the County and is imposed County-wide, but the receipts are shared with the cities. The adoption of this tax does not require a vote of the people. Of the revenue collected for criminal justice, 10% is distributed to the County and 90% to cities and counties on a per capita basis based on their official April 1 populations. Public Safety Tax. The County voters approved an additional sales and use tax of 0.10% (the "Public Safety Tax"), that commenced in 2005. and was approved again by voters in August of 2009, with a termination date of March 31, 2020. State law requires that the proceeds of the Public Safety Tax must be shared with the County, such that 60% is distributed to the County and the remainder is allocated on a per capital basis to cities within the County. In addition, State law requires that at least one-third of all receipts of this tax must be dedicated to criminal justice purposes, fire protection purposes, or both. A-1 Criminal justice purposes are defined as activities that substantially assist the criminal justice system, which may include circumstances where ancillary benefit to the civil justice system occurs. This includes, but is not limited to, the construction, improvement, and expansion of jails, court facilities, juvenile justice facilities, and services with ancillary benefits to the civil justice system. Gambling Tax. A gambling tax of 5% is levied on the gross revenue received from bingo, raffles and punchboards and pull-tabs, less the amount paid as prizes, 10% on gross revenue received from social card games, less amounts paid as prizes, and 2% on the gross revenue from amusement games, less amounts paid as prizes. Authorized Investments Chapter 35.39 RCW limits the investment by cities and towns of its inactive funds or other funds in excess of current needs to the following authorized investments: United States bonds; United States certificates of indebtedness; bonds or warrants of the State and any local government in the State; its own bonds or warrants of a local improvement district which are within the protection of the local improvement guaranty fund law; and any other investment authorized by law for any other taxing district or the State Treasurer. Under chapter 43.84 RCW, the State Treasurer may invest in non- negotiable certificates of deposit in designated qualified public depositories; in obligations of the U.S. government, its agencies and wholly owned corporations; in bankers' acceptances; in commercial paper, in the obligations of the federal home loan bank, federal national mortgage association and other government corporations subject to statutory provisions and may enter into repurchase agreements. Utility revenue bonds and warrants of any city and bonds or warrants of a local improvement district are also eligible investments (RCW 35.39.030). Moneys available for investment may be invested on an individual fund basis or may, unless otherwise restricted by law, be commingled within one common investment portfolio. All income derived from such investments is apportioned and used as prescribed by State law. Funds derived for the sale of bonds or other instruments of indebtedness will be invested or used in such manner as the authorizing ordinances, resolutions or bond covenants may lawfully prescribe. Local Government Investment Pool ("LGIP"). The Washington State Local Government Investment Pool (the "LGIP") was created by the Legislature in 1986 to provide a mechanism for political subdivisions to invest available funds and take advantage of the economies of scale and expertise of the LGIP to earn a competitive rate of return, security and liquidity of funds. The LGIP is a conservatively managed, highly liquid money market fund that is considered low-risk. The LGIP is restricted to investments with maturities of 397 days or less, and the average life typically is less than 60 days. Permissible investments include U.S. government and agency securities, bankers' acceptances, high quality commercial paper, repurchase and reverse repurchase agreements, and certificates of deposit issued by qualified Washington State depositories. The State Treasurer's Office administers the LGIP and reports that as of April 30, 2014, the LGIP had over 450 participants and a balance of approximately $11.8 billion. In its management of the LGIP, the State Treasurer is required to adhere, at all times, to the principles appropriate for the prudent investment of public funds. These are, in priority order, (i) the safety of principal; (ii) the assurance of sufficient liquidity to meet cash flow demands; and (iii) to attain the highest possible yield within the constraints of the first two goals. Historically, the LGIP has had sufficient liquidity to meet all cash flow demands. A-2 Authorized Investments for Bond Proceeds. In addition to the eligible investments discussed above, bond proceeds may also be invested in mutual funds with portfolios consisting of U.S. government and guaranteed agency securities with average maturities of less than four years; municipal securities rated in one of the four highest categories; and money market funds consisting of the same, so long as municipal securities held in the fund(s) are in one of the two highest rating categories of a nationally recognized rating agency. Bond proceeds may also be invested in shares of money market funds with portfolios of securities otherwise authorized by law for investment by local governments (RCW 39.59.030). City Investments All investments of the City are made within the requirements of State law described above in the section "Authorized Investments." The City's deposits and certificates of deposit are primarily covered by federal depository insurance or by collateral held in a multiple financial institution collateral pool administered by the Washington Public Deposit Protection Commission. As of December 31, 2013 [1.1pdate avatilablell, the City had the following investments. Investment Type Fair Value Certificates of Deposit $ 5,056,571 LGIP 44,057,320 Total $49,113,891 Source: The City. THE CITY The City was incorporated on March 31, 2003 as a non-charter code city. The City is located in the County in eastern Washington along Interstate 90, approximately 10 miles west of the Washington/Idaho border. The City is bordered by the City of Spokane to the west. The City encompasses an area of approximately 38.5 square miles, with an estimated 2012 population of 90,550 ranking the City as the 10`h largest city in the State. The City is a general-purpose government and provides public safety, street construction, pavement preservation, parks and recreation, storm water and general administrative services, Form of Local Government The City operates under a Council/Manager form of government. The City Council hires a City Manager to implement the City Council's policies. Biennially, at the first meeting of the calendar year, the City Council members choose a Mayor and a Deputy Mayor. Following is a list showing the Mayor and the seven City Council members and their current term expiration dates. Total Time Current Member Position Employer/Occupation Served Term Dean Grafos Mayor Business Owner 4.50 years 12/31/15 Arne Woodard Deputy Mayor Real Estate Broker 3.00 years 12/31/15 Bill Bates Council Member Retired 0.50 years 12/31/17 Charles E. Hafner Council Member Retired 3.00 years 12/31/17 Lewis R. Higgins Council Member Retired 1.25 years 12/31/17 Ed Pace Council Member Pastor 0.50 years 12/31/17 Ben Wick Council Member IT Administrator 3.50 years 12/31/15 A-3 City Administration The City Manager is hired by and is responsible to the City Council. The City Manager is responsible for overall administration of the City, such as carrying out City Council policy, administering the affairs of the City and directing, organizing, establishing, supervising and administering all departments, agencies, and offices of the City. Mr. Mike Jackson has been employed by the City since June 2003 and has served as City Manager since August 2010. Mr. Jackson has over 25 years of experience in the public sector. Mr. Jackson earned a Bachelor's degree in Recreation Resource Management and a Master's degree in Management from Regis University. Mr. Mark Calhoun serves as Finance Director for the City and is responsible for financial management, including general accounting, budget development, investment activities and information technology. Mr. Calhoun has been employed as the City's Finance Director since June 2011 and has a total of 19 years of experience in similar positions in the State of Washington. Mr. Calhoun earned a Bachelor's degree in Business Administration with an accounting emphasis from the University of Montana. Ms. Christine Bainbridge serves as the Clerk for the City. Ms. Bainbridge has been employed by the City since June 2003 as the City Clerk. Ms. Bainbridge earned a Bachelor's degree in Secondary Education from the University of Idaho. Summary of Accounting Policies The accounting and reporting policies of the City are prepared in conformity with generally accepted accounting principles ("GAAP") as applied to state and local governmental entities. GAAP for local governments include those principles prescribed by the Governmental Accounting Standards Board ("GASB"), which is the accepted standard-setting body for establishing governmental accounting and financial reporting principles, the Financial Accounting Standards Board, when applicable, and the American Institute of Certified Public Accountants pronouncements that have been made applicable by GASH Statements or Interpretations. The City's government-wide financial statements are reported using the "economic resources measurement focus" and the "accrual basis of accounting," as are proprietary funds. Under this approach, revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Property taxes are recognized as revenues in the year for which they are levied. The City recognizes grant revenue and similar items in the year in which expenses were incurred and as soon as all the eligibility requirements imposed by the provider have been met. The City's governmental fund financial statements, including the General Fund, are reported using the "current financial resources measurement focus" and the "modified accrual basis of accounting." Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon thereafter to pay liabilities of the current period. For this purpose, the City considers revenues to be available if they are collected within 30 days of the end of the current fiscal period. Expenditures generally are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures, as well as expenditures related to compensated absences, claims, and judgments are recorded only when the payment is due. Property taxes, franchise fees, licenses, and interest associated with the current fiscal period are all considered to be susceptible to the accrual basis of accounting and so have been recognized as revenues A-4 of the current fiscal period. Only the portion of special assessments receivable due within the current fiscal period is considered to be susceptible to the accrual basis as revenue is applicable for the current period. All other revenue items are considered to be measurable and available only when cash is received (modified basis of accounting). City Employment As of April 1, 2014 [ , the City had 87.25 full-time equivalent ("FTE") employees and up to 39 seasonal employees. Employee Relations State law requires municipalities to bargain with formally recognized collective bargaining units. The City enters into written bargaining agreements with each of the bargaining organizations. Such agreements contain provisions on such matters as salaries, vacation, sick leave, medical and dental insurance, working conditions, and grievance procedures. The following table shows the bargaining organizations, number of employees participating and the expiration date of current contracts with the bargaining units representing City employees. Number of FTE Employees Expiration Bargaining Unit Participating Date of Contract Washington State Council of County and City Employees, Local 270-V, AFSCME 63.5 12/31/15 Pension Plans Substantially all of the City employees are enrolled in the State Public Employees Retirement System ("PERS"). All systems are administered by the Washington State Department of Retirement Systems. Contributions by both employees and employers are based on gross wages. Contributions to PERS are based upon a percentage of gross salary. Retirement benefits for all plans are financed from employee and employer contributions, investments earnings. The information in the following sections have been obtained from the City's financial statements and information on the State Actuary's and State Department of Retirement System's websites. Public Employees' Retirement System. PERS is a cost-sharing multiple-employer retirement system comprised of three separate plans for membership purposes. Participants who joined the system by September 30, 1977, are PERS Plan 1 members. Those joining thereafter are enrolled in either PERS Plan 2 or a third plan, entitled PERS Plan 3, which provides members with a defined benefit plan similar to PERS Plan 2 and the opportunity to invest their retirement contributions in a defined contribution plan. PERS Plan 1 members are vested after the completion of five years of eligible service. PERS Plan 1 members are eligible for retirement after 30 years of service, or at the age of 60 with five years of service, or at the age of 55 with 25 years of service. The monthly benefit is 2 percent of the average final compensation ("AFC") per year of service (AFC is the monthly average of the 24 consecutive highest—paid service credit months). A-5 PERS Plan 2 members are vested after the completion of five years of eligible service. PERS Plan 2 members are eligible for normal retirement at the age of 65 with five years of service. The monthly benefit is 2 percent of the AFC per year of service (AFC is the monthly average of the 60 consecutive highest paid service months). PERS Plan 3 has a dual benefit structure. Employer contributions finance a defined benefit component, and member contributions finance a defined contribution component. The defined benefit portion provides a monthly benefit that is one percent of the AFC per year of service. Each biennium, the State Pension Funding Council adopts PERS Plan 1 employer contribution rates, PERS Plan 2 employer and employee contribution rates, and PERS Plan 3 employer contribution rates. Employee contribution rates for PERS Plan 1 are established by statute at six percent for state agencies and local government unit employees, and at 7.5 percent for state government elected officials. The employer and employee contribution rates for PERS Plan 2 and the employer contribution rate for PERS Plan 3 are developed by the Office of the State Actuary ("OSA") to fully fund PERS Plan 2 and the defined benefit portion of PERS Plan 3. All employers are required to contribute at the level established by the Legislature. Under PERS PIan 3, employer contributions finance the defined benefit portion of the plan, and member contributions finance the defined contribution portion. The Director of the Department of Retirement Systems sets PERS Plan 3 employee contribution rates. Six rate options are available ranging from 5 to 15 percent; two of the options are graduated rates dependent on the employee's age. As a result of the implementation of the Judicial Benefit Multiplier Program in January 2007, a second tier of employer and employee rates was developed to fund, along with investment earnings, the increased retirement benefits of those justices and judges that participate in the program. The methods used to determine the contribution requirements are established under state statute in accordance with chapters 41.40 and 41.45 RCW. The required contribution rates expressed as a percentage of current-year covered payroll as of July 2013, are shown below: PERS Plan 1 PERS Plan 2 PERS Plan 3 Employer' 9.21% 9.21% 9.21%2 Employee 6.00% 4.92% Variable (5%to 15%) ' Includes a 0.18%administration fee. 2Plan 3 defined benefit portion only. Source: The Office of the State Actuary and DRS. While the City's contributions in 2013 of$456,163 represent the City's full current liability under the retirement systems, any unfunded pension benefit obligations could be reflected in future years as higher contribution rates. Contribution rates for employees and employers in the PERS Plans 2 and 3 may increase (or decrease) in the coming years. OSA's website (which is not incorporated into this Official Statement by reference) includes information regarding the values and funding levels of these retirement plans. For additional information, see the Audited Financial Statements for the Year Ended December 31, 2012, attached hereto as Appendix D. According to OSA, as of June 30, 2012, PERS Plans 2 and 3 had no unfunded actuarial accrued liability. However, during the years 2001 through 2010, the rates adopted by the Legislature were lower than those that would have been required to produce actuarially required contributions to PERS Plan 1, a closed plan with a large proportion of the retirees. OSA's actuarial valuation for PERS Plan 1 as of June 30, 2012 showed a 69% funded ratio (unfunded liability of$3.8 billion). PERS Plans 2 and 3 had a surplus of$2.3 A-6 billion as of June 30,2012 (a 111% funded ratio). OSA uses the Projected Unit Credit("PUC") cost method and the Actuarial Value of Assets ("AVA") to report a plan's funded status. PUC is one of several acceptable measures of a plan's funded status under current GASB rules. The PUC cost method projects future benefits under the plan, using salary growth and other assumptions and applies the service that has been earned as of the valuation date to determine accrued liabilities. AVA is calculated using a methodology which smoothes the effect of short-term volatility in the Market Value of Assets by deferring a portion of annual investment gains or losses over a period of up to eight years. Assets for one plan may not be used to fund benefits for another plan: however, all employers in PERS are required to make contributions at a rate (percentage of payroll) determined by OSA every two years for the sole purpose of amortizing the PERS Plan I unfunded actuarial accrued liability within a rolling 10-year period. The Legislature has established certain maximum contribution rates that began in 2009 and will continue until 2015 and certain minimum contribution rates that are to become effective in 2015 and remain in effect until the actuarial value of assets in PERS Plan 1 equals 100% of the actuarial accrued liability of PERS Plan 1. These rates are subject to change by future legislation enacted by the Legislature to address future changes in actuarial and economic assumptions and investment performance. In 2011, the Legislature ended the future automatic annual increase, which is a fixed dollar amount multiplied by the member's total years of service, for most retirees in the PERS Plan 1 plan, which is forecast to reduce the unfunded accrued actuarial liability in PERS Plan 1. A lawsuit has been filed challenging this legislation. Sunvnary of the City Pension Plan Contributions. It is mandatory for all permanent City employees, including part-time employees who work 70 hours per month during five consecutive months, to participate in one of the following statewide local government retirement systems administered by the DRS, under cost-sharing multiple-employer public employee retirement systems. The City made the following contributions as of the fiscal year ended December 31, 2013, on behalf of City employees who participated in the pension plans listed below. Number of City Contribution Retirement System Participants in 2013 Fiscal Year 2013 Public Employees Retirement System PERS Plan 1 (hired before 10/1/77) 0 $ 0 PERS Plan 2 60 296,314 PERS Plan 3 34 159,849 Total PERS 94 $456,163 Source: The City. Other Post-Employment Benefits GASB 45. The GASB standard concerning Accounting and Financial Reporting by Employers for Post- Employment Benefits Other than Pensions ("OPEB") is known as "GASB 45." OPEB includes post- employment healthcare, as well as other forms of post-employment benefits when provided separately from a pension plan. GASB 45 provides for the measurement, recognition and display of OPEB expenses/expenditures, related liabilities (assets), note disclosures, and if applicable, required supplementary information in the financial reports. A-7 The City — OPEB. The City participates in the Association of Washington Cities Employee Benefit Trust ("AWCEBT"), a cost-sharing multiple employer welfare benefit plan administered by the Association of Washington Cities ("AWC"). AWCEBT provides medical benefits to certain eligible retired employees of the participating employers, such as the City, and their family members. The plan is administered by a trust of equivalent arrangement in which employer contributions to the trust are irrevocable. These plan assets are for the sole purpose of providing OPEB to retirees and their beneficiaries in accordance with the guidelines of the plan and plan assets are legally protected from creditors of the employers or plan administrator. In 2013, there were an estimated 240 employers enrolled in the AWCEBT. All the risks, rewards and costs, including benefit costs, are shared and are not individually attributed to the employers. A single actuarial valuation conducted biennially covers all plan participants. Retirees of the City receiving medical benefits from AWCEBT contribute the following monthly amounts. AWC HealthFirst 1000 Non-Medicare Non-Medicare enrolled retiree coverage enrolled retiree & spouse coverage $830.01 $837.26 Medicare Medicare enrolled retiree coverage enrolled retiree & spouse coverage $443.30 $456.13 AWC Selections 1000 Non-Medicare Non-Medicare enrolled retiree coverage enrolled retiree & spouse coverage $724.72 $729.99 Medicare Medicare enrolled retiree coverage enrolled retiree & spouse coverage $388.08 $398.04 Source: The City. Participating employers, such as the City, are contractually required to contribute at a rate assessed each year by the AWCEBT. The City's contributions for the year ended December 31, 2013 were $0, as the City did not have any retirees participating within the AWCEBT. The funded status of the AWCEBT as of January 1, 2013 is shown below. January 1, 2013 Actuarial Accrued Liability ("AAL") $132,860 Actuarial Value of Plan Assets 0 Unfunded AAL ("UAAL") $132,860 Source: The City. The projection of future benefit payments for an ongoing plan involves estimates of the value of reported amounts and assumptions about the probability of occurrence of events far into the future. Such methods, assumptions and estimates are only that and are subject to change. A-8 The AWCEBT annual OPEB costs, percentage of annual OPER cost contributed to the plan, and the net OPEB obligation for fiscal years 2013 and 2012 are shown below. AWCEBT Fiscal Annual OPEB % of OPEB Cost Net OPEB Year Cost Contributed Obligation 2013 $11,858 9.20% $141,241 2012 12,885 7.77% 130,474 Source: The City and the City's 2012 Audit. Risk Management The City is exposed to financial loss resulting from City caused damage to property or persons, bodily injuries or illness of employees, and unemployment compensation. The City is insured and a member of the Washington Cities Insurance Authority ("WCIA") for general liability and property damage coverage. The City uses the Washington State Department of Labor and Industries Insurance Services for coverage to pay for medical care for job-related injuries and illnesses, and wage replacement when the injury or illness is serious enough to miss work. The City is self-insured for unemployment compensation benefits. The Risk Management Fund is used to account for, and finance the liability and unemployment insurance costs. Departments of the City make payments through interfund assessments to the fund on estimates of the amounts needed to pay prior and current year claims. Utilizing Chapter 48.62 RCW (self-insurance regulation) and Chapter 39.34 RCW (Interlocal Cooperation Act), nine cities originally formed WCIA on January 1, 1981. WCIA was created for the purpose of providing a pooling mechanism for jointly purchasing insurance,jointly self-insuring, and/or jointly contracting for risk management services. WCIA has a total of 145 members. New members initially contract for a three-year term, and thereafter automatically renew on an annual basis. A one- year withdrawal notice is required before membership can be terminated. Termination does not relieve a former member from its unresolved loss history incurred during membership. Liability coverage is written on an occurrence basis, without deductibles. Coverage includes general, automobile, police professional, public officials' errors and omissions, stopgap, and employee benefits liability. Limits are $4 million per occurrence self-insured layer, and $16 million per occurrence in the re-insured excess layer. The excess layer is insured by the purchase of reinsurance and insurance and is subject to aggregate limits. Total limits are $20 million per occurrence subject to aggregate sub-limits in the excess layers. The Board of Directors determines the limits and terms of coverage annually. Insurance coverage for property, automobile physical damage, fidelity, inland marine, and boiler and machinery are purchased on a group basis. Various deductibles apply by type of coverage. Property insurance and auto physical damage are self-funded from the members' deductible to $750,000, for all perils other than flood and earthquake and insured above that amount by the purchase of insurance. In- house services include risk management consultation, loss control field services, claims and litigation administration and loss analyses. WCIA contracts for the claims investigation consultants for personnel issues and land use problems, insurance brokerage and lobbyist services. WCIA is fully funded by its members, who make annual assessments on prospectively rated basis, as determined by an outside independent actuary. The assessments cover loss, loss adjustment, and administrative expenses. As outlined in the interlocal, WCIA retains the right to additionally assess the membership for any funding shortfall. A-9 An investment committee, using investment brokers produces additional revenue by investment of WCIA's assets in financial instruments which comply with State guidelines. These revenues directly offset portions of the membership's annual assessment. A Board of Directors governs WCIA which is comprised of one designated representative from each member. The Board elects an Executive Committee and appoints a Treasurer to provide general policy direction for the organization. The WCIA Executive Director reports to the Executive Committee and is responsible for conducting the day to day operations of the WCIA. The City is self-insured on a reimbursement basis for unemployment compensation. The City incurred $14,126 in claims for unemployment compensation in 2013. INITIATIVE AND REFERENDUM Under the State Constitution, the voters of the State have the ability to initiate legislation and modify existing legislation through the powers of initiative and referendum, respectively. The initiative power in Washington may not be used to amend the State Constitution, Initiatives and referenda are submitted to the voters upon receipt of a petition signed by at least eight percent (initiative) and four percent (referenda) of the number of voters registered and voting for the office of Governor at the preceding regular gubernatorial election. Any law approved in this manner by a majority of the voters may not be amended or repealed by the Legislature within a period of two years following enactment, except by a vote of two-thirds of all members elected to each house of the Legislature. After two years, the law is subject to amendment or repeal by the Legislature in the same manner as other laws. In recent years, the State's voters have approved numerous initiatives and referenda that have limited the City's ability to impose taxes and collect fees. Some, but not all, of these initiatives and referenda have been determined to be unconstitutional, Initiative measures affecting local governments such as the City have been filed in the past and may be filed in the future. It cannot be predicted whether or when any such initiatives might gain sufficient signatures to qualify for submission to the Legislature and/or the voters or, if submitted, whether they ultimately would be approved. APPROVAL OF BOND COUNSEL The validity of the Bonds and certain other legal matters are subject to the approving legal opinion of Orrick, Herrington & Sutcliffe LLP, Bond Counsel. A complete copy of the proposed form of opinion of Bond Counsel is attached hereto as Appendix C. The opinion of Bond Counsel is given based on factual representations made to Bond Counsel, and under existing law, as of the date of initial delivery of the Bonds, and Bond Counsel assumes no obligation to revise or supplement its opinion to reflect any facts or circumstances that may thereafter come to its attention, or any changes in law that may thereafter occur. The opinion of Bond Counsel is an expression of its professional judgment on the matters expressly addressed in its opinion and does not constitute a guarantee of result, Bond Counsel will be compensated only upon the issuance and sale of the Bonds. Bond Counsel undertakes no responsibility for the completeness or accuracy of this Official Statement. A-10 TAX MATTERS In the opinion of Orrick, Herrington & Sutcliffe LLP ("Bond Counsel"), based upon an analysis of existing laws, regulations, rulings and court decisions, and assuming, among other matters, the accuracy of certain representations and compliance with certain covenants, interest on the Bonds is excluded from gross income for federal income tax purposes under Section 103 of the Internal Revenue Code of 1986 (the "Code"). Bond Counsel is of the further opinion that interest on the Bonds is not a specific preference item for purposes of the federal individual or corporate alternative minimum taxes, although Bond Counsel observes that such interest is included in adjusted current earnings when calculating corporate alternative minimum taxable income. A complete copy of the proposed form of opinion of Bond Counsel is set forth in Appendix C hereto. To the extent the issue price of any maturity of the Bonds is less than the amount to be paid at maturity of such Bonds (excluding amounts stated to be interest and payable at least annually over the term of such Bonds), the difference constitutes "original issue discount," the accrual of which, to the extent properly allocable to each Beneficial Owner thereof, is treated as interest on the Bonds which is excluded from gross income for federal income tax purposes. For this purpose, the issue price of a particular maturity of the Bonds is the first price at which a substantial amount of such maturity of the Bonds is sold to the public (excluding bond houses, brokers, or similar persons or organizations acting in the capacity of underwriters, placement agents or wholesalers). The original issue discount with respect to any maturity of the Bonds accrues daily over the term to maturity of such Bonds on the basis of a constant interest rate compounded semiannually (with straight-line interpolations between compounding dates). The accruing original issue discount is added to the adjusted basis of such Bonds to determine taxable gain or loss upon disposition (including sale, redemption, or payment on maturity) of such Bonds. Beneficial Owners of the Bonds should consult their own tax advisors with respect to the tax consequences of ownership of Bonds with original issue discount, including the treatment of Beneficial Owners who do not purchase such Bonds in the original offering to the public at the first price at which a substantial amount of such Bonds is sold to the public. Bonds purchased, whether at original issuance or otherwise, for an amount higher than their principal amount payable at maturity (or, in some cases, at their earlier call date) ("Premium Bonds") will be treated as having amortizable bond premium. No deduction is allowable for the amortizable bond premium in the case of bonds, like the Premium Bonds, the interest on which is excluded from gross income for federal income tax purposes. However, the amount of tax-exempt interest received, and a Beneficial Owner's basis in a Premium Bond, will be reduced by the amount of amortizable bond premium properly allocable to such Beneficial Owner. Beneficial Owners of Premium Bonds should consult their own tax advisors with respect to the proper treatment of amortizable bond premium in their particular circumstances. The Code imposes various restrictions, conditions and requirements relating to the exclusion from gross income for federal income tax purposes of interest on obligations such as the Bonds. The City has made certain representations and covenanted to comply with certain restrictions, conditions and requirements designed to ensure that interest on the Bonds will not be included in federal gross income. Inaccuracy of these representations or failure to comply with these covenants may result in interest on the Bonds being included in gross income for federal income tax purposes, possibly from the date of original issuance of the Bonds. The opinion of Bond Counsel assumes the accuracy of these representations and compliance with these covenants. Bond Counsel has not undertaken to determine (or to inform any person) whether any actions taken (or not taken), or events occurring (or not occurring), or any other matters coming to Bond Counsel's attention after the date of issuance of the Bonds may adversely affect the value of, or A-11 the tax status of interest on, the Bonds. Accordingly, the opinion of Bond Counsel is not intended to, and may not, be relied upon in connection with any such actions, events or matters. Although Bond Counsel is of the opinion that interest on the Bonds is excluded from gross income for federal income tax purposes, the ownership or disposition of, or the accrual or receipt of amounts treated as interest on, the Bonds may otherwise affect a Beneficial Owner's federal, state or local tax liability. The nature and extent of these other tax consequences depends upon the particular tax status of the Beneficial Owner or the Beneficial Owner's other items of income or deduction. Bond Counsel expresses no opinion regarding any such other tax consequences. Current and future legislative proposals, if enacted into law, clarification of the Code or court decisions may cause interest on the Bonds to be subject, directly or indirectly, in whole or in part, to federal income taxation or to be subject to or exempted from state income taxation, or otherwise prevent Beneficial Owners from realizing the full current benefit of the tax status of such interest. For example, Representative Dave Camp, Chair of the House Ways and Means Committee released draft legislation that would subject interest on the Bonds to a federal income tax at an effective rate of 10% or more for individuals, trusts, and estates in the highest tax bracket, and the Obama Administration proposed legislation that would limit the exclusion from gross income of interest on the Bonds to some extent for high-income individuals. The introduction or enactment of any such legislative proposals or clarification of the Code or court decisions may also affect, perhaps significantly, the market price for, or marketability of, the Bonds. Prospective purchasers of the Bonds should consult their own tax advisors regarding the potential impact of any pending or proposed federal or state tax legislation, regulations or litigation, as to which Bond Counsel is expected to express no opinion. The opinion of Bond Counsel is based on current legal authority, covers certain matters not directly addressed by such authorities, and represents Bond Counsel's judgment as to the proper treatment of the Bonds for federal income tax purposes. It is not binding on the Internal Revenue Service ("IRS") or the courts. Furthermore, Bond Counsel cannot give and has not given any opinion or assurance about the future activities of the City, or about the effect of future changes in the Code, the applicable regulations, the interpretation thereof or the enforcement thereof by the IRS. The City has covenanted, however, to comply with the requirements of the Code. Bond Counsel's engagement with respect to the Bonds ends with the issuance of the Bonds, and, unless separately engaged, Bond Counsel is not obligated to defend the City or the Beneficial Owners regarding the tax-exempt status of the Bonds in the event of an audit examination by the IRS. Under current procedures, parties other than the City and its appointed counsel, including the Beneficial Owners, would have little, if any, right to participate in the audit examination process. Moreover, because achieving judicial review in connection with an audit examination of tax-exempt bonds is difficult, obtaining an independent review of IRS positions with which the City legitimately disagrees may not be practicable. Any action of the IRS, including but not limited to selection of the Bonds for audit, or the course or result of such audit, or an audit of bonds presenting similar tax issues may affect the market price for, or the marketability of, the Bonds, and may cause the City or the Beneficial Owners to incur significant expense. The City has designated the Bonds as qualified tax-exempt obligations for banks, thrift institutions and other financial institutions so that such financial institutions will not be denied a deduction of 100 percent of their interest expenses allocable to the Bonds. However, corporate tax preference rules reduce by 20 percent the amount that may be deducted by such financial institutions for interest on funds allocable to tax-exempt obligations such as the Bonds. A-12 NO LITIGATION CONCERNING THE BONDS There is no controversy or litigation of any nature now pending or, to the knowledge of the City, threatened, restraining or enjoining the issuance, sale, execution or delivery of the Bonds, or in any way contesting or affecting the validity of the Bonds or any proceedings of the City taken with respect to the issuance or sale, or the validity of the levy of taxes for the payment. FINANCIAL ADVISOR The City has retained Piper Jaffray & Co. (the "Financial Advisor") to provide recommendations and other financial guidance to the City with respect the preparation of the Bonds for sale, The Financial Advisor has not audited, authenticated or otherwise verified the information set forth in this Official Statement with respect to appropriateness, accuracy or completeness of disclosure of such information and makes no guaranty, warranty or other representation is made by the Financial Advisor respecting accuracy and completeness of information or any other matters related to such information. UNDERWRITING D.A. Davidson & Co. (the "Underwriter") has agreed, subject to the terms of a Bond Purchase Agreement, to purchase the Bonds from the City at a price of % of the par value of the Bonds. The Bond will be initially reoffered at an average price of % of the par value of the Bonds. The Bonds are being offered for sale to the public at the price shown on the inside cover of this Official Statement. Concessions from the initial offering price may be allowed to selected dealers and special purchasers. The initial offering prices are subject to change after the date hereof. RATING As noted on the cover page of this Official Statement, Moody's Investors Service ("Moody's") has assigned its municipal bond rating of" " to the Bonds (the "underlying rating"). No application was made to any other rating agency for the purpose of obtaining an additional rating on the Bonds. The rating reflects only the view of Moody's and an interpretation of such rating may be obtained only from the rating agency furnishing the same. There is no assurance that such rating will continue for any given period of time or that they will not be revised downward or withdrawn entirely by the rating agency, if, in the judgment of such agency, circumstances so warrant. Any such revision or withdrawal of such rating may have an adverse effect on the market price of the Bonds. Any further explanation of the underlying ratings may be obtained from Moody's. CONFLICTS OF INTEREST All or a portion of the fees of the Underwriter and Bond Counsel are contingent upon the issuance and sale of the Bonds. In addition, Bond Counsel from time to time serves as counsel to the Underwriter with respect to bonds issued by issuers other than the City. None of the members of the City Council or other officers of the City has any conflict of interest in the issuance of the Bonds that is prohibited by applicable Iaw. COMMITMENT TO PROVIDE CONTINUING DISCLOSURE Pursuant to Rule 15c2-12 (the "Rule") of the Securities and Exchange Commission, the City, in connection with the issuance of the Bonds, has undertaken for the benefit of holders of the Bonds to provide certain financial information and operating data relating to the City by not later than nine months after the end of in each fiscal year, commencing with the fiscal year ending on A-13 December 31, 2014 (the "Annual Financial Information"), and to provide notices of the occurrence of certain enumerated events (together with the Annual Financial Information, the "Disclosure Covenant"). The form of the City's Continuing Disclosure Certificate is attached as Appendix B hereto. Breach of the Disclosure Covenant will not constitute a default under the Bonds or the Ordinance. A broker or dealer is to consider a known breach of the Disclosure Covenant, however, before recommending the purchase or sale of the Bonds in the secondary market. Thus, a failure on the part of the City to observe the Disclosure Covenant may adversely affect the transferability and liquidity of the Bonds and their market price. Prior Compliance with Continuing Disclosure Undertakings The City has entered into a previous undertaking under Rule I5c2-12 with respect to the 2003 LTGO Bonds (the "Undertaking"). During the preparation of this Official Statement, the City determined that it was not in compliance with its outstanding Undertaking. Specifically, the City determined that it did not submit certain annual operating data not otherwise included in its audited financial statements for fiscal years 2008 through 2012, did not file its audited financial statements fiscal year 2008, did not timely file its audited financial statements for fiscal years 2009 through 2012, did not provide notices of late filings and did not file notices of rating changes of the municipal bond insurer of the 2003 LTGO Bonds or of the most recent rating upgrade of the City that occurred in April 2014. On June 11, 2014, the City filed with the MSRB through its Electronic Municipal Market Access ("EMMA") system (i) its audited financial statements for fiscal year; (ii) the missing annual operating data for fiscal years 2008 through 2012; (iii) notice of bond insurer and City rating changes; (iv) a notice of the failure to provide annual information; and (v) notice of failure to provide event information in a timely manner. The City believes that it is currently in compliance with its outstanding Undertaking. The City's Finance Director (or such other officer of the City who may in the future perform the duties of that office) or his or her designee has been authorized and directed in his or her discretion to take such further action as may be necessary, appropriate or convenient to carry out the Undertaking in accordance with the Rule. ADDITIONAL INFORMATION AND MISCELLANEOUS The descriptions of the Bond Ordinance and other documents are brief summaries of certain provisions. Such summaries do not purport to be complete, and reference is made to such documents and contracts, copies of which are available, upon request and upon payment to the City of a charge for copying, mailing and handling, from the City Finance Director, 11707 East Sprague Avenue, Suite 106, Spokane Valley, Washington 99206, The summaries and descriptions contained in this Official Statement and the Appendices hereto of the provisions of the Bonds, the Bond Ordinance and all reference to other materials not purporting to be quoted in full are only brief outlines of some of the provisions and do not purport to summarize or describe all of the provisions. This Official Statement is not to be construed as a contract or agreement between the City and the Underwriter or holders of any of the Bonds. Any statements made in this Official Statement involving matters of opinion or estimates, whether or not so expressly stated, are set forth as such and not as representations of fact. No representation is made that any of such statements will be realized. A-14 PRELIMINARY OFFICIAL STATEMENT Pursuant to Rule 15c2-12(b)(1), the City, in the Bond Ordinance, will deem this Preliminary Official Statement "final," except for the omission of information dependent upon the pricing of the issue and the completion of the underwriting agreement, such as offering prices, interest rates, selling compensation, aggregate principal amount, and other terms dependent on the foregoing matters. DISCLOSURE STATEMENT As a condition to the issuance of the Bonds, the City is required to deliver to the Underwriter at the time of the delivery of the Bonds a certificate substantially to the effect that this Official Statement, including any appendices, and in any supplements or amendments hereto, delivered by the City (which shall be deemed an original part for the purposes of such statement) did not, at the time the Bonds are issued, contain any untrue statement of a material fact or omit to state a material fact where necessary to make a statement not misleading in light of the circumstances under which it was made. APPROVAL OF OFFICIAL STATEMENT The execution and delivery of this Official Statement have been duly authorized by the City. CITY OF SPOKANE VALLEY, WASHINGTON By: Dean Grafos, Mayor A-15 APPENDIX A Economic and Demographic Information ECONOMIC AND DEMOGRAPHIC INFORMATION The following discussion includes descriptive information obtained from a variety of sources. The information is presented to provide the reader with an overview of the City and County's economy, but is not intended to be exhaustive or comprehensive. General Information The City is located in eastern Washington, in the central east area of Spokane County (the "County"), approximately 10 miles east of the City of Spokane ("Spokane"). Due to the City's proximity to Spokane, the economy of the City is directly tied to Spokane's economy. Spokane is the second largest city in the State with an estimated 2013 population of 211,300. The population of the County is estimated to be 480,000 in 2013. Both Spokane and the County have experiencee steady annual growth in population. Historically, much of the County economy relied heavily on the natural resource-related sectors of forest products and agriculture. While these industries continue to be important elements of the area's economy, the County's economy has diversified significantly due to the influx and growth of high technology firms, airlines, and service industries attracted by the region's high quality work force. Spokane serves as the economic hub of the County and as the regional trade center for an area commonly known as the "Inland Northwest," consisting of portions of northeastern Washington, northern Idaho, western Montana and southern British Columbia in Canada. The total population of this region is approximately 1.7 million. Spokane and its metropolitan area provide higher education and research opportunities, high quality healthcare facilities, extensive support services for area residents and businesses and a large downtown retail and business core. Population Trends Historical population trends are presented below for the City, the County and the State. City of Spokane State of Year Spokane Valley County Washington 2013 91,490 480,000 6,882,400 2012 90,550 475,600 6,817,770 2011 90,110 472,650 6,767,900 2010 89,755 471,221 6,724,540 2009 88,969 466,426 6,672,159 2008 88,513 460,303 6,608,245 Source: Washington State Office of Financial Management for inter-census estimates as of each April and the 2010 U.S. Census. A-1 Taxable Retail Sales The following table lists the taxable retail sales for all industries within the City and the County since 2009. City of Spokane Year Spokane Valley County 2013 $1,884,116,497 $7,561,670,086 2012 1,745,839,808 7,122,104,855 2011 1,678,063,682 6,901,541,819 2010 1,585,010,451 6,755,693,930 2009 1,613,410,134 6,692,277,754 Source: Washington State Department of Revenue. Employment by Major Industry The table below sets forth the total number of full-time and part-time employees in the County for the years and industries as shown. Figures are shown in thousands. Employment Sector 2010 2011 2012 2013 2014` Total Non-Farm Employment 208.4 208.9 211.1 214.3 213.9 Mining, Logging, and Construction 9.8 9.4 9.6 10.0 9.2 Manufacturing 14.5 14.8 15.0 15.2 15.1 Trade, Transportation, and Utilities 40.4 40.4 41.1 42.0 41.8 Information 2.8 2.8 2.9 2.9 2.9 Financial Activities 12.1 12.3 12.6 12.9 13.0 Professional and Business Services 21.1 21.9 22.8 23.3 22.8 Education and Health Services 44.0 43.9 43.7 44.5 45.3 Leisure and Hospitality 18.7 18.9 19.0 19.2 18.2 Other Services 9.1 9.2 9.2 9.1 9.1 Government 35.9 35.4 35.1 35.3 36.5 1 Preliminary;as of March 2014. Source: Washington State Employment Security Department. A-2 Residential Building Permit Data The following table presents the number and value of residential building permits in the City and the County from 2008 through 2013. Building Permits and Valuation Year Residential Other Commercial Total Total Valuation 2013 1,415 682 571 2,668 $176,817,824 2012 1,301 607 579 2,487 109,154,277 2011 --- --- --- 2,816 65,369,891 2010 --- --- --- 2,650 86,403,059 2009 --- --- --- 2,918 105,111,785 * Includes mobile homes, duplexes, and multiple family dwellings. Source: The City. Spokane County Single Family Duplexes/Multi-Family Year Permits Value Permits Units Value 2013 1164 $352,223,939 43 271 31,347,286 2012 858 252,072,903 52 340 38,206,047 2011 734 158,039,604 64 1,045 98,817,872 2010 938 172,267,284 48 670 65,758,208 2009 809 135,777,790 54 977 69,763,188 Source: US. Census Bureau Major Employers The major employers in the County are as follows: Type of Business Number of Employer Activity Employees Fairchild Air Force Base Military 4,363' State of Washington Government 4,202 Spokane Public Schools Education 3,025 Providence Sacred Heart Medical Center & Children's Hospital Health Care 3,010 Spokane County Government 1,908 City of Spokane Government 1,864 Wal-Mart Stores Retail 1,484 Northern Quest Resort & Casino Hotel/Casino 1,359 URM Stores Inc. Distribution 1,322 Central Valley School District Education 1,270 Rockwood Clinic PS Health Care 1,216 Community Colleges of Spokane Education 1,203 West Corp. Customer Service 1,169 Gonzaga University Education 1,168 Deaconess Medical Center Health Care 1,117 Source: Greater Spokane Incorporated, Journal of Business-2013 Market Fact Book. A-3 Personal Income Trends The following table shows total and per capita personal income growth in the County from 2008 through 2012 (most recent data available from this source). Total Personal Per Capita Year Income (000s) Income 2012 $17,912,986 $37,653 2011 17,300,137 36,536 2010 16,628,671 35,220 2009 16,475,105 35,186 2008 16,673,524 36,069 Source: U.S. Department of Commerce, Bureau of Economic Analysis. Labor Force and Unemployment The following tables show labor force and employment data for the County since 2010 as well as unemployment rates for the State and the United States for the same period. - - - - Unemployment Rates -- - - Spokane State of United Year Labor Force Employed County Washington States 2014' 224,121 206,315 7.9% 6.9% 6.8% 2013 225,185 207,454 7.9 7.0 7.4 2012 229,696 209,900 8.6 8.1 8.1 2011 229,380 207,950 9.3 9.2 8.9 2010 234,857 211,673 9.9 9.9 9.6 F Preliminary; as of March 2014. Source: U.S. Department of Labor-Bureau of Labor Statistics. Median Household Income Trends The following table shows median household income growth in the County and the State for years 2009 through 2013. Year Spokane County State of Washington 2013' $49,373 $58,577 2012' 48,265 56,444 2011 46,846 55,500 2010 46,320 54,888 2009 46,983 55,458 ' Projection,as of May 2014. 2 Preliminary estimate, as of May 2014. Source: Washington State Office of Financial Management 2011 Population Trends. Figures for 2012 are preliminamy estimates, and those for 2013 are projected. A-4 APPENDIX B Form of Continuing Disclosure Certificate FORM OF CONTINUING DISCLOSURE CERTIFICATE B-1 APPENDIX C Form of Legal Opinion APPENDIX D Audited Financial Statements —2012 APPENDIX E Book-Entry System THE DEPOSITORY TRUST COMPANY SAMPLE OFFERING DOCUMENT LANGUAGE DESCRIBING BOOK-ENTRY-ONLY ISSUANCE (Prepared by DTC--bracketed material may apply only to certain issues) 1. The Depository Trust Company ("DTC"), New York, NY, will act as securities depository for the securities (the "Securities"). The Securities will be issued as fully-registered securities registered in the name of Cede & Co. (DTC's partnership nominee) or such other name as may be requested by an authorized representative of DTC. One fully-registered Security certificate will be issued for [each issue of] the Securities, [each] in the aggregate principal amount of such issue, and will be deposited with DTC. [If, however, the aggregate principal amount of [any] issue exceeds $500 million, one certificate will be issued with respect to each $500 million of principal amount, and an additional certificate will be issued with respect to any remaining principal amount of such issue.] 2. DTC, the world's largest securities depository, is a limited-purpose trust company organized under the New York Banking Law, a "banking organization" within the meaning of the New York Banking Law, a member of the Federal Reserve System, a "clearing corporation" within the meaning of the New York Uniform Commercial Code, and a "clearing agency" registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934. DTC holds and provides asset servicing for over 3.5 million issues of U.S. and non-U.S. equity issues, corporate and municipal debt issues, and money market instruments (from over 100 countries) that DTC's participants ("Direct Participants") deposit with DTC. DTC also facilitates the post- trade settlement among Direct Participants of sales and other securities transactions in deposited securities, through electronic computerized book-entry transfers and pledges between Direct Participants' accounts. This eliminates the need for physical movement of securities certificates. Direct Participants include both U.S. and non-U.S. securities brokers and dealers, banks, trust companies, clearing corporations, and certain other organizations. DTC is a wholly-owned subsidiary of The Depository Trust & Clearing Corporation ("DTCC"). DTCC is the holding company for DTC, National Securities Clearing Corporation and Fixed Income Clearing Corporation, all of which are registered clearing agencies. DTCC is owned by the users of its regulated subsidiaries. Access to the DTC system is also available to others such as both U.S. and non-U.S. securities brokers and dealers, banks, trust companies, and clearing corporations that clear through or maintain a custodial relationship with a Direct Participant, either directly or indirectly ("Indirect Participants"). DTC has a Standard &Poor's rating of AA+. The DTC Rules applicable to its Participants are on file with the Securities and Exchange Commission. More information about DTC can be found at www.dtcc.com. 3. Purchases of Securities under the DTC system must be made by or through Direct Participants, which will receive a credit for the Securities on DTC's records. The ownership interest of each actual purchaser of each Security ("Beneficial Owner") is in turn to be recorded on the Direct and Indirect Participants' records. Beneficial Owners will not receive written confirmation from DTC of their purchase. Beneficial Owners are, however, expected to receive written confirmations providing details of the transaction, as well as periodic statements of their holdings, from the Direct or Indirect Participant through which the Beneficial Owner entered into the transaction. Transfers of ownership interests in the Securities are to be accomplished by entries made on the books of Direct and Indirect Participants acting on behalf of Beneficial Owners. Beneficial Owners will not receive certificates rep resenting their ownership interests in E-1 Securities, except in the event that use of the book-entry system for the Securities is discontinued. 4, To facilitate subsequent transfers, all Securities deposited by Direct Participants with DTC are registered in the name of DTC's partnership nominee, Cede & Co., or such other name as may be requested by an authorized representative of DTC. The deposit of Securities with DTC and their registration in the name of Cede & Co. or such other DTC nominee do not effect any change in beneficial ownership. DTC has no knowledge of the actual Beneficial Owners of the Securities; DTC's records reflect only the identity of the Direct Participants to whose accounts such Securities are credited, which may or may not be the Beneficial Owners. The Direct and Indirect Participants will remain responsible for keeping account of their holdings on behalf of their customers. 5. Conveyance of notices and other communications by DTC to Direct Participants, by Direct Participants to Indirect Participants, and by Direct Participants and Indirect Participants to Beneficial Owners will be governed by arrangements among them, subject to any statutory or regulatory requirements as may be in effect from time to time. [Beneficial Owners of Securities may wish to take certain steps to augment the transmission to them of notices of significant events with respect to the Securities, such as redemptions, tenders, defaults, and proposed amendments to the Security documents. For example, Beneficial Owners of Securities may wish to ascertain that the nominee holding the Securities for their benefit has agreed to obtain and transmit notices to Beneficial Owners. In the alternative, Beneficial Owners may wish to provide their names and addresses to the registrar and request that copies of notices be provided directly to them.] 6. Redemption notices shall be sent to DTC. If less than all of the Securities within an issue are being redeemed, DTC's practice is to determine by lot the amount of the interest of each Direct Participant in such issue to be redeemed. 7. Neither DTC nor Cede & Co. (nor any other DTC nominee) will consent or vote with respect to Securities unless authorized by a Direct Participant in accordance with DTC's MMI Procedures. Under its usual procedures, DTC mails an Omnibus Proxy to Issuer as soon as possible after the record date. The Omnibus Proxy assigns Cede & Co.'s consenting or voting rights to those Direct Participants to whose accounts Securities are credited on the record date (identified in a listing attached to the Omnibus Proxy). 8. Redemption proceeds, distributions, and dividend payments on the Securities will be made to Cede & Co., or such other nominee as may be requested by an authorized representative of DTC. DTC's practice is to credit Direct Participants' accounts upon DTC's receipt of funds and corresponding detail information from Issuer or Agent, on payable date in accordance with their respective holdings shown on DTC's records. Payments by Participants to Beneficial Owners will be governed by standing instructions and customary practices, as is the case with securities held for the accounts of customers in bearer form or registered in "street name," and will be the responsibility of such Participant and not of DTC, Agent, or Issuer, subject to any statutory or regulatory requirements as may be in effect from time to time. Payment of redemption proceeds, distributions, and dividend payments to Cede & Co. (or such other nominee as may be requested by an authorized representative of DTC) is the responsibility of Issuer or Agent, disbursement of such payments to Direct Participants will be the responsibility of DTC, and disbursement of such payments to the Beneficial Owners will be the responsibility of Direct and Indirect Participants. E-2 9. A Beneficial Owner shall give notice to elect to have its Securities purchased or tendered, through its Participant, to [Tender/Remarketing] Agent, and shall effect delivery of such Securities by causing the Direct Participant to transfer the Participant's interest in the Securities, on DTC's records, to [Tender/Remarketing] Agent. The requirement for physical delivery of Securities in connection with an optional tender or a mandatory purchase will be deemed satisfied when the ownership rights in the Securities are transferred by Direct Participants on DTC's records and followed by a book-entry credit of tendered Securities to [Tender/Remarketing] Agent's DTC account. 10. DTC may discontinue providing its services as depository with respect to the Securities at any time by giving reasonable notice to Issuer or Agent. Under such circumstances, in the event that a successor depository is not obtained, Security certificates are required to be printed and delivered. 11. Issuer may decide to discontinue use of the system of book-entry-only transfers through DTC (or a successor securities depository). In that event, Security certificates will be printed and delivered to DTC. 12. The information in this section concerning DTC and DTC's book-entry system has been obtained from sources that Issuer believes to be reliable, but Issuer takes no responsibility for the accuracy thereof. r. E-3 CITY OF SPOKANE VALLEY Request for Council Action Meeting Date: June 24, 2014 Department Director Approval: Check all that apply: ❑ consent ❑ old business ❑ new business ® public hearing ❑ information ❑ admin. report ❑ pending legislation ❑ executive session AGENDA ITEM TITLE: PUBLIC HEARING: Browns Park Conceptual Master Plan GOVERNING LEGISLATION: N/A PREVIOUS COUNCIL ACTION TAKEN: N/A BACKGROUND: Over the past several years, staff has been working with the Evergreen Region Volleyball Association (ERVA) to provide volleyball programming and events at Browns Park. Browns Park contains four sand volleyball courts that are becoming increasingly popular. If fact, the closest outdoor sand facility is approximately 300 miles west of Spokane in Washington State with no facilities in Idaho or Montana. The ERVA is one of the largest geographic regions within USA Volleyball encompassing Central and Eastern Washington, Northern Idaho and Montana. ERVA is working with the City of Spokane Valley to expand the sand volleyball courts at Browns Park and create a premier outdoor volleyball venue in Spokane Valley. The recently updated Parks and Recreation Master Plan recommends developing Browns Park as a destination sand volleyball venue. In order to pursue this concept, staff embarked upon a public master planning process for the park to determine the public's level of support and interest for potential changes to the park. The master planning process was led by the consultant, Michael Terrell - Landscape Architecture (MTLA). The Browns Park Master Plan is in direct response to the outcomes from the stakeholders meetings and input from the neighborhood. Through the master planning process, two primary park user groups were identified. These groups are neighbors of all ages, and the organized Volleyball Association. The two groups require distinctly different facilities and spaces: the neighborhood park area; and the volleyball tournament and league play area. A variety of park infrastructure and facility updates are included in the Master Plan. New concrete walkways would connect visitors from access points of the park to all site facilities. Where it may have been difficult for some visitors to access the restroom or picnic benches in the past, circulation would be improved. In addition, lighting of the parking lots and walkways would increase security of visitors leaving the park at dusk. New trees and landscaping would provide screening and shade in key locations. The Master Plan designates the center and north portions of the park for future sand volleyball court expansion. The expansion of the courts will create more multi-day events which will attract more participants and spectators from out of town and out of state requiring accommodations while utilizing more tourism related activities. Within this area, there is an active volleyball court play component, a group gathering space and picnic areas. The Browns Park Master Plan provides a vision for future development and acts as a guide for revitalization of Browns Park. The process identified a need for expanded and improved neighborhood level park facilities, as well as a shift in active recreational facility demand. As a result of the proposed improvements, Browns Park will be more actively utilized by the neighborhood and could become an economic catalyst for the City of Spokane Valley. Staff will be seeking input and comments from the City Council and anticipates bringing the Master Plan back July 8 for a motion consideration to consider approval of the Master Plan. Notice of this public hearing was provided in both local newspapers, a informational sign was installed at the park and over 1,600 postcards were mailed to residents surrounding the park. OPTIONS: Public Hearing RECOMMENDED ACTION OR MOTION: Public Hearing BUDGET/FINANCIAL IMPACTS: The financial impact would be if and when the City funds various improvements outlined in the master plan. STAFF CONTACT: Michael D. Stone, CPRP. Director of Parks and Recreation ATTACHMENTS: PowerPoint Presentation Browns Park Master Plan . ,,,.. . . ... :-..,ste,.., ..:,. . ...c,.... . .::, .. J., ..:,...„ : .., I%,. I . - a, • . - --11;.: .,,4, . :• •' •- -- .". • • ••. .. . ... 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Thursday, March 27, 2014 - 6:00-7:30pm I In iversity High School: Corn mons Area 1242(1L. 32ndA ve Corner of Piaes and 32nd A v-e 509.688.0300 -- www.spokanevalley.org/BrownsVolleyball s li` yy f fir :v '- _MI 6 Browns Park Master Plan ./.15....k , s" i * zx i' 4, _ , di 0 -7,41,.. -- _ h I 4 It# ,� --�, , 0 6.fief-;e . +r r ' ,,,,Ii! pis/ . r r i . 4 AO -_,?..L.'.:' if ) ' t: WrAW Ili I A T—___--- ... X a z. �` itopt, \\____Sek t z i i 1 \J, ifilII Browns Park Master Plan aisl,u, .. 416 ' — . X'11;. --mmilliC :• 1 1111111111r ..,....:_w_-,-..- -r-,,__a 44:-'-', ir \ r ‘11,,, - „,. . !• li ! pe = �,J - VA COACH 114111111110 _at ii i r .--'11111111101111111. ili �`a , k __ - iiir i .10, , lk y w 8 I Browns Park Master Plan ... B.As) -tu 1 oi-7. . lc ] - aifr r ti - Y! �. �.., _ - circ a � 'y � I; , r:` 4 �—a—- _ ,r — , _. — All , 4 r •• T 1 ill 4. . 9 Browns Park Master Plan .,._. ...... 1 _ _ . . - .. Ili_Hll Ii I1-no)' %ism._ } _14, J ""3• -i -7 :T-. iillFilifilill tl K r lfrrr - -III 7.- -: 0 . , r 111 . ' i - , - ioe ii,E 41B 7,7-,Lti - ...m.... mirrimmi V; .177; & oi: "--7,„ !I., : 111.1746,714 hir v .46: , ..1,,,,, r _ ,:i : s , ' " _ - „ 7 r % r i6 J 10 Browns Park Master Plan o Public Comments: "This park will be a great resource for the high school and will be a magnet for neighborhood kids." "Great Idea! Sand volleyball is one of the fastest growing sports in the USA." "This is an amazing plan. Before moving to the Spokane Valley, I lived near a similar facility. It was a great family oriented draw for both locals and out-of-towners. I am excited that the city is taking these steps." 11 Browns Park Master Plan Public Comments Continued... "I am a mother of a 2-year-old and a club coach, player referee; this park would open so many opportunities for the community as well as our family. There are no other free places a family can enjoy at all age groups. We drive from CDA 4-7 days a week already to use this park during the summer..." "I like having the separation between the courts and the playground area, as well as the separate restrooms to ease the traffic between players and the children at the playground." "Bathroom near children's area is important." 12 Browns Park Master Plan ,, .44„, ,41.:116.„'_... ir 11111.? _ _ . ., _ _ ___ ___JO 'kW ..raw. NM, f ..Alo es a�Ir:-, Aritos, l‘1 . ' - eLreeki Wl'IH LICFITS. AltS: f_} NEW ERN O WLLF4HM1 COURT6 fib tl]WI4i6 TOTAa. ` -- .• - _. cw��ry carte ou�A arGI raaoku�aRl. r —i - - wor swno+NA..at..u_oo•4xi kip,` {-i PENSIVATE TO ACCONHOOATE NEW.ern EREM.EO ciao RT a ranrr r _1: -''Ta1GRS�i4FIGw PORI-ICON. ez (a).1 ACr{L]A a[OUAL! 1 _ j GANICC MAaa rnuwT MI•X 1114-.I-. _ 41111:-J tF'ernALLnrattanecea. ilk-' _ 1 - _ 1;,IAIICE P]C*JIC SHELTER. 46t _ - 1.04164 RON-MOp r- w-.004 GIrONMR6. �RYy q I. + L:' TC ELATE IS NE67TCOH&.liIPVNG. at LINING El a_ tlY i • , !PLAINrues. . R' A 1 (14 int urn.. a1111M �y ,R] - I L". - - 0,9►M,LL�RESPR ORS. � _ r F" - ("-`r - _' GARRNOStelteRS oRA1W UN-WEAN NEWS RANO OUT a, icy at 1' - O�' MI .7)er[snwe"NAN,NG Lc,ww-r 1,11140•5werNo aierrrs, . IIJIIM ._ _ _ (a J1 Aca�mAu1wc`4ar Nlcrcwmomaax�. i 14 a/Nlar'Mees. } ,:.� r■ j "Se C;)Qaann0 PL.WP Irvs.sc uu1u21 ea. • J E 11cy BROWNS PARK MASTER PLAN _,.__ :r.- 211 13 Browns Park Master Plan o Summary Conceptual Master Plan responds to feedback from citizens, neighbors and stakeholders Preserves the neighborhood park element & new park amenities/improvements Creates a destination sand volleyball venue in response to one of the fastest growing program needs Provides a vision for future development CITY OF SPOKANE VALLEY Request for Council Action Meeting Date: June 24, 2014 Department Director Approval: Check all that apply: ® consent ❑ old business ❑ new business ❑ public hearing AGENDA ITEM TITLE: Approval of the Following Vouchers: VOUCHER LIST VOUCHER NUMBERS TOTAL AMOUNT 06/05/2014 4794, 4804-4807, 4814, 32411-32413 $277,943.41 06/05/2014 32414 $100,000.00 06/05/2014 32415-32452; 605140024 $370,107.75 06/06/2014 32453-32472 $35,951.05 06/12/2014 32473-32486 $81,553.56 06/13/2014 32487-32529; 610140208 $213,804.41 06/13/2014 5732-5743 $1,136.00 06/16/2014 32530-32531 $2,382.82 GRAND TOTAL: $1,080,496.18 Explanation of Fund Numbers found on Voucher Lists #001 - General Fund Other Funds 001.011.000.511 City Council 101 —Street Fund 001.013.000.513. City Manager 103 —Paths &Trails 001.013.015.515. Legal 105—Hotel/Motel Tax 001.016.000. Public Safety 120--CenterPlace Operating Reserve 001.018.013.513. Deputy City Manager 121 —Service Level Stabilization Reserve 001.018.014.514. Finance 122—Winter Weather Reserve 001.018.016.518. Human Resources 123 —Civic Facilities Replacement 001.032.000. Public Works 204 —Debt Service 001.058.050.558. Comm. Develop.- Administration 301 —Capital Projects (151 'A%REET) 001.058.055.558. Comm. Develop.—Develop.Eng. 302—Special Capital Proj (2nd WY0 REET) 001.058.056.558. Community Develop.-Planning 303 --Street Capital Projects 001.058.057.558. Community Develop.-Building 304—Mirabeau Point Project 001.076.000.576. Parks &Ree—Administration 307—Capital Grants 001.076.300.576. Parks &Rec-Maintenance 309—Parks Capital Grants 001.076.301.571. Parks &Rec-Recreation 310—Civic Bldg Capital Projects 001.076.302.576. Parks & Rec- Aquatics 311 —Pavement Preservation 001.076.304.575. Parks &Rec- Senior Center 312—Capital Reserve 001.076.305.571. Parks &Rec-CenterPlace 402—Stormwater Management 001.090.000.511. General Gov't-Council related 403 —Aquifer Protection Area 001.090.000.514. General Gov't-Finance related 501 —Equipment Rental &Replacement 001.090.000.517. General Gov't-Employee supply 502—Risk Management 001.090.000.518. General Gov't-Centralized Services 001.090.000.519. General Gov't-Other Services 001.090.000.540. General Gov't-Transportation 001.090.000.550. General Gov't-Natural &Economic 001,090.000.560. General Gov't-Social Services 001.090.000.594. General Gov't-Capital Outlay 001.090.000.595. General Gov't-Pavement Preservation RECOMMENDED ACTION OR MOTION: Move to approve attached claim vouchers. [Approved as part of the Consent Agenda, or may be removed and discussed separately.] STAFF CONTACT: Mark Calhoun, Finance Director ATTACHMENTS: Voucher Lists vchlist Voucher List Page: 1 06105/2014 3:44:43AM Spokane Valley Bank code: apbank Voucher Date Vendor Invoice Fund/Dept Description/Account Amount 4794 6/512014 000165 DEPT OF RETIREMENT SYSTEMS Ben54935 001.231.15.00 PERS:PAYMENT 76,017.75 Total: 76,017.75 4804 6/5/2014 000048 VANTAGE TRANSFER AGENTS,401A PLAN Ben54937 001.231.14.00 401A:PAYMENT 31,375.12 Total: 31,375.12 4805 6/5/2014 000682 EFTPS Ben54939 001.231.11.00 FEDERAL TAXES:PAYMENT 32,983.80 Total: 32,983.80 4806 6/5/2014 000145 VANTAGEPOINT TRANSFER AGENTS,457 PL./ Ben54941 001231.18.00 457 DEFERRED COMPENSATION:PAYI 6,339.57 Total: 6,339.67 4807 615/2014 000162 VANTAGE TRANSFER AGENTS,401A EXEC PL Ben54943 001.231.14.00 401 EXEC PLAN: PAYMENT 1,127.26 Total: 1,127.26 4814 6/5/2014 000682 EFTPS Ben54947 001.231.11.00 FEDERAL TAXES:PAYMENT 964.82 Total: 964.82 32411 6/5/2014 000120 AWC Ben54929 001.231.16.00 DENTAL PLAN ADJ:PAYMENT 115,209.47 8en54945 001231.16.00 HEALTH PLANS(COUNCIL):PAYMENT 10,458.12 Total: 125,667.59 32412 6/5/2014 000699 WA COUNCIL CO/CITY EMPLOYEES Sen54931 001231.21.00 UNION DUES:PAYMENT 2,551.98 Total: 2,551.98 32413 6/5/2014 002574 WASHINGTON TRUST BANK Ben54933 001.231.20.00 BERG20110-02-03952-4:PAYMENT 915.42 Total: 915.42 9 Vouchers for bank code: apbank Bank total: 277,943.41 9 Vouchers in this report Total vouchers: 277,943.41 Page: 1 vchlist Voucher List Page: 06105120'14 856:43AM Spokane Valley Bank code : apbank Voucher Date Vendor Invoice Fund/Dept Description/Account Amount 32414 6/5120/4 003695 PISKELYAHNE KOVARIK PLLC 45083.0238 303.303.060.595 PARCEL ACQUISITION FOR CIP 001 100,000.00 Total : 100,000.00 1 Vouchers for bank code : apbank Bank total : 100,000.00 1 Vouchers in this report Total vouchers : 100,000.00 I,the undersigned,do certify under penalty of perjury, that the materials have been furnished,the services rendered,or the labor performed as described herein and that the claim is just,due and an unpaid obligation against the City of Spokane Valley,and that I am authorized to authenticate and certify said claim. Finance Director Date Council member reviewed: Mayor Date Council Member Date Page: 3 vchlist Voucher List Page: 1---- 06/05/2014 ice06105/2014 3:59:29PM Spokane Valley Bank code : apbank Voucher Date Vendor Invoice Fund/Dept Description/Account Amount 32415 6/5/2014 002988 ACE LANDSCAPING 4747 101.042.000.542 2014 LANDSCAPING RIGHT OF WA 9,211.41 Total : 9,211.41 32416 6/5/2014 000197 AIRFACTZ 83633 001.018.016.518 CRIMINAL REPORTS FOR NEW HIF 120.00 Total : 120.00 32417 6/5/2014 001081 ALSCO LSP01474233 001.058.055.558 MAT SERVICE FOR PERMIT CENTE 55.28 Total : 55.28 32418 6/5/2014 000234 ARLT, SHANE 2ND QTR 2014 101.042.000.542 CELL PHONE ALLOWANCE 135.00 Total : 135.00 32419 6/5/2014 003588 BATES, BILL 2ND QTR 2014 001.011.000.511 CELL PHONE ALLOWANCE 135.00 EXPENSE 001.011.000.511 EXPENSE REIMBURSEMENT 28.56 EXPENSE 001.011.000.511 EXPENSE REIMBURSEMENT 54.48 Total : 218.04 32420 6/5/2014 000173 BINGAMAN, GREG 2ND QTR 2014 001.018.014.518 CELL PHONE ALLOWANCE 135.00 Total : 135.00 32421 6/5/2014 000904 BRANCH, CAROLBELLE 2ND QTR 2014 001.018.013.513 CELL PHONE ALLOWANCE 135.00 Total : 135.00 32422 6/5/2014 002419 CLARKS TIRES&AUTOMOTIVE 42219 001.076.000.576 389100: SERVICE/OIL CHANGE 440.58 Total : 440.58 32423 6/5/2014 001888 COMCAST JUNE 2014 001.090.000.518 HIGH SPEED INTERNET FOR CITY 119.77 Total : 119.77 32424 6/5/2014 000508 CONOCOPHILLIPS FLEET 36927765 001.018.014.514 MAY 2014: FLEET FUEL BILL 2,644.02 Total : 2,644.02 32425 6/5/2014 000683 DAVID EVANS&ASSOCIATES 344387 001.058.055.558 2013 SURVEYING PROFESSIONAL 1,778.00 Total : 1,778.00 32426 6/5/2014 000235 DB SECURE SHRED 2721052714 001.090.000.518 DOCUMENT DESTRUCTION CITY 1- 165.30 Page: 1--• vchlist Voucher List Page: .-2----- 06/05/2014 �06/05/2014 3:59:29PM Spokane Valley Bank code : apbank Voucher Date Vendor Invoice Fund/Dept Description/Account Amount 32426 6/5/2014 000235 000235 DB SECURE SHRED (Continued) Total : 165.30 32427 6/5/2014 000912 DEX MEDIA WEST MAY 2014 001.076.304.575 ADVERTISING FOR SENIOR CENTS 39.00 Total : 39.00 32428 6/5/2014 000278 DRISKELL, CARY EXPENSE 001.013.015.515 EXPENSE REIMBURSEMENT 40.82 Total : 40.82 32429 6/5/2014 003392 EPICENTER SERVICES LLC 2014-24 001.090.000.513 PROFESSIONAL SERVICES 495.60 Total : 495.60 32430 6/5/2014 001447 FREE PRESS PUBLISHING INC 42000 001.058.056.558 LEGAL PUBLICATION 96.90 Total : 96.90 32431 6/5/2014 002235 GRAFOS, DEAN 2ND QTR 2014 001.011.000.511 CELL PHONE ALLOWANCE 135.00 Total : 135.00 32432 6/5/2014 003177 GUTH, ERIC 2ND QTR 2014 001.032.000.543 CELL PHONE ALLOWANCE 135.00 Total : 135.00 32433 6/5/2014 002682 HAFNER, CHARLES 2ND QTR 2014 001.011.000.511 CELL PHONE ALLOWANCE 135.00 EXPENSE 001.011.000.511 EXPENSE REIMBURSEMENT 90.72 EXPENSE 001.011.000.511 EXPENSE REIMBURSEMENT 50.40 Total : 276.12 32434 6/5/2014 003297 HIGGINS, LEWIS ROD 2ND QTR 2014 001.011.000.511 CELL PHONE ALLOWANCE 135.00 Total : 135.00 32435 6/5/2014 001728 HP FINANCIAL SERVICES CO 600413981 001.090.000.548 SCHEDULE 572D81 DD: 5/7-6/6/14 550.02 600414084 001.090.000.548 SCHEDULE 572DA494:6119-7118114 839.80 600414085 001.090.000.548 SCHEDULE 572DD016: 6111-7110114 745.84 Total : 2,135.66 32436 6/5/2014 003694 IEDC 211190 001.058.056.558 2014 M. BASINGER AND G. MANTZ 330.00 Total : 330.00 32437 6/5/2014 000265 JACKSON, MIKE 2ND QTR 2014 001.013.000.513 CELL PHONE ALLOWANCE 135.00 Page: vchlist Voucher List Page: `�3' 06105/2014 3:59:29PM Spokane Valley Bank code : apbank Voucher Date Vendor Invoice Fund/Dept Description/Account Amount 32437 6/5/2014 000265 000265 JACKSON, MIKE (Continued) Total : 135.00 32438 6/5/2014 000652 OFFICE DEPOT INC. 711802112001 0011.018.013.513 SUPPLIES: FRONT OFFICE 81.98 714203011001 001.018.016.518 SUPPLIES: HR 6.51 714532691001 001.090.000.518 SUPPLIES: IT 52.57 714653886001 001.032.000.543 SUPPLIES: PW 100.30 714661688001 001.032.000.543 SUPPLIES:PW 13.85 71469729001 001.018.016.518 CREDIT MEMO SUPPLIES: HR -6.51 Total : 248.70 32439 6/5/2014 003587 PACE, ED 2ND QTR 2014 001.011.000.511 CELL PHONE ALLOWANCE 135.00 Total : 135.00 32440 6/5/2014 003619 S&L UNDERGROUND INC PAY APP 3 403.000.173.594 CONSTRUCTION OF DECANT FACI 175,548.53 Total : 175,548.53 32441 6/5/2014 000836 SCHULTZ,WILLIAM J. EXPENSE 001.058.056.524 EXPENSE REIMBURSEMENT 351.24 Total : 351.24 32442 6/5/2014 000779 SOUTHARD, BRAD MAY 2014 101.042.000.542 DEAD ANIMAL REMOVAL SERVICE: 1,090.00 Total : 1,090.00 32443 6/5/2014 001875 STRATA INCORPORATED SP140099-IN 403.000.173.594 MATERIALS TESTING 1,718.00 Total : 1,718.00 32444 6/5/2014 000335 TIRE-RAMA 8080029056 001.058.056.524 40211D: OIL CHANGE/SERVICE 61.60 8080029089 001.058.057.558 53666D: OIL CHANGE 26.93 8080029090 001.058.055.558 40205D: OIL CHANGE 31.27 Total : 119.80 32445 6/5/2014 003696 TLC VET CLINIC OF SPOKANE CRY WOLF 001.000.000.342 FALSE ALARM REFUND PERMIT Vi 25.00 Total : 25.00 32446 6/5/2014 002597 TWISTED PAIR ENTERPRISES LLC 5282014 001.011.000.511 BROADCASTING COUNCIL MTGS:1 1,888.00 Total : 1,888.00 32447 6/5/2014 000087 VERIZON WIRELESS 9725425354 101.042.000.542 MAY 2014 VERIZON CELL PHONES 1,061.26 9725558024 101.042.000.542 MAY 2013 WIRELESS DATA CARDS 480.12 Page: - vchlist Voucher List Page: 6 0610512014 3:59:29PM Spokane Valley Bank code : apbank Voucher Date Vendor Invoice Fund/Dept Description/Account Amount 32447 6/5/2014 000087 000087 VERIZON WIRELESS (Continued) Total : 1,541.38 32448 6/5/2014 003032 WASHINGTON APPRAISAL SERVICES 7087 001.013.015.515 APPRAISAL FEE 6,711.68 Total : 60711.68 32449 6/5/2014 001792 WHITEHEAD,JOHN EXPENSE 001.018.016.518 EXPENSE REIMBURSMENT 641.98 Total : 641.98 32450 6/5/2014 002960 WICK, BEN 2ND QTR 2014 001.011.000.511 CELL PHONE ALLOWANCE 135.00 Total : 135.00 32451 6/5/2014 002839 WIND WIRELESS INC. 85457 101.042.000.542 WIRELESS PHONE/INTERNET FOI 84.95 Total : 84.95 32452 6/5/2014 002651 WOODARD,ARNE 2ND QTR 2014 001.011.000.511 CELL PHONE ALLOWANCE 135.00 EXPENSE 001.011.000.511 EXPENSE REIMBURSEMENT 133.25 EXPENSE 001.011.000.511 EXPENSE REIMBURSMENT 393.83 Total : 662.08 605140024 6/5/2014 000001 SPOKANE CO TREASURER MAY 2013 001.016.000.512 SPOKANE COUNTY SERVICES 160,094.91 Total : 160,094.91 39 Vouchers for bank code: apbank Bank total : 370,107/5 39 Vouchers in this report Total vouchers : 370,107.75 Page: vchlist Voucher List Page: 2 -1----- 06/06/2014 'P"06106/2014 1:03:50PM Spokane Valley Bank code : apbank Voucher Date Vendor Invoice Fund/Dept Description/Account Amount 32453 6/6/2014 000326 CONSOLIDATED IRRIGATION#19 May 2014 101.042.000.542 UTILITIES: PW 954.95 MAY 2014 001.076.300.576 UTILITIES: PARKS 492.91 Total : 1,447.86 32454 6/6/2014 000795 EARTHWORKS RECYCLING [NC. 33493 001.076.305.575 RECYCLING COLLECTION: CP 20.00 Total : 20.00 32455 6/6/2014 000246 EAST SPOKANE WATER DIST#1 May 2014 101.042.000.542 WATER CHARGES: PW 1,277.12 May 2014 001.076.300.576 WATER CHARGES FOR EDGECL1F 202.64 Total : 1,479.76 32456 6/6/2014 001911 GLOVER MANSION&, RED ROCK CATEF CP1115 001.076.305.575 EVENT SERVICES AT CENTERPLA( 152.18 CP1236 001.076.305.575 EVENT SERVICES AT CENTERPLA( 152.18 CP1280 001.076.305.575 EVENT SERVICE AT CENTERPLACI 78.26 Total : 382.62 32457 6/6/2014 000321 GREATER SPOKANE INC 1st QTR 2014 001.090.000.550 2014 ECO DEV GRANT REIMBURSI 9,178.50 Total : 9,178.50 32458 6/6/2014 000741 HONEY BUCKETS 1-917113 001.076.300.576 HONEY BUCKET RENTAL: PARKS 158.00 Total : 158.00 32459 6/6/2014 000751 INTERIOR DEVELOPMENT EAST LTD 30281 001.076.099.576 CHAIRS FOR CENTERPLACE 11,191.75 Total : 11,191.75 32460 6/6/2014 001944 LANCER LTD 0445479 001.076.301.571 BEACH BALLS FOR RECREATION F 756.61 Total : 756.61 32461 6/6/2014 001684 MARKETING SOLUTIONS NW CP M-5-19-2014 001.076.305.575 MEDIAAND PURCHASE EXPENSE 147.00 Total : 147.00 32462 6/6/2014 001133 PATRIOT FIRE PROTECTION INC. 2312311 001.076.305.575 5 YEAR INSPECTION SPRINKLER 619.59 Total : 619.59 32463 6/6/2014 000019 PURRFECT LOGOS INC. 33345 001.076.301.571 VINYL ON BANNER FOR PARKS 179.36 Total : 179.36 — Page: vchlist Voucher List Page: G? --2---- 06/06/2014 1:03:50P111 Spokane Valley Bank code: apbank Voucher Date Vendor Invoice Fund/Dept Description/Account Amount 32464 6/6/2014 002305 SAFEGUARD BUSINESS SYSTEMS 029804709 001.076.305.575 SUPPLIES FOR CENTERPLACE 482.19 Total : 482.19 32465 6/6/2014 000709 SENSKE LAWN &TREE CARE INC. 6107216 001.016.000.521 MONTHLY SERVICES AT PRECINC- 390.07 Total : 390.07 32466 6/6/2014 000324 SPOKANE CO WATER DIST#3 May 2014 001.076.300.576 WATER CHARGES FOR PARK ROA 32.95 May 2014 101.042.000.542 WATER CHARGES: PW 452.35 Total : 485.30 32467 6/6/2014 002301 SPOKANE RIVER FORUM 2014 001.090.000.550 2014 ECO DEV GRANT REIMBURSI 350.00 Total : 350.00 32468 6/6/2014 000404 SPOKANE VALLEY HERITAGE MUSEUM 2014 105.000.000.557 2014 LODGING TAX GRANT REIMB 4,335.00 Total : 4,335.00 32469 6/6/2014 002306 TERRELL LANDSCAPE ARCHITECT, MIC 1189 309.000.203.594 BROWNS PARK MASTER PLAN 2,126.90 2010 309.000.195.594 DISCOVERY PLAYGROUND CONST 931.50 Total : 3,058.40 32470 6/6/2014 001472 TESTAMERICA LABORATORIES 59009244 001.076.300.576 TC/PC ANALYSIS: PARKS 27.00 Total : 27.00 32471 6/6/2014 000038 WASTE MANAGEMENT OF SPOKANE 2164779-2681-2 001.076.305.575 WASTE MANAGMENT:CENTERPL/ 751.93 2164780-2681-0 001.016.000.521 WASTE MANAGMENT: PRECINCT 286.27 Total : 1,038.20 32472 6/6/2014 000066 WCP SOLUTIONS 8532285 001.076.305.575 SUPPLIES AT CENTERPLACE 223.84 Total : 223.84 20 Vouchers for bank code: apbank Bank total : 35,951.05 20 Vouchers in this report Total vouchers: 35,951.05 Page: 2'-- vchlist Voucher List Page:1 -1---- 06/12/2014 06//212014 7:43:23AM Spokane Valley Bank code: apbank Voucher Date Vendor Invoice Fund/Dept Description/Account Amount 32473 6/12/2014 000841 BCI CREATIVE INC 11813 001.076.305.575 ANNUAL AGREEMENT FOR WEB H 211.59 Total : 211.59 32474 6/12/2014 000918 BLUE RIBBON LINEN SUPPLY INC 9539604 001.076.305.575 LINEN SERVICE AND SUPPLY ATC 329.57 9541651 001.076.305.575 LINEN SERVICE AND SUPPLYATC 150.26 9543662 001.076.305.575 LINEN SERVICE AND SUPPLY AT C 275.14 S0081954 001.076.305.575 LINEN SERVICE AND SUPPLY ATC 130.64 50082007 001.076.305.575 LINEN SERVICE AND SUPPLY AT C 45.38 Total : 930.99 32475 6/12/2014 003300 CAPITAL ONE COMMERCIAL May 2014 001.076.305.575 SUPPLIES: CENTERPLACE, GENEF 169.59 Total : 169.59 32476 6/12/2014 001169 CITY OF SPOKANE VALLEY May 2014 001.058.055.558 PETTY CASH:10243,46,47,48,49, 35.77 Total : 35.77 32477 6/12/2014 003624 DEHN, SHELLY Expenses 001.018.016.518 EXPENSE REIMBURSEMENT 11.76 Total : 11.76 32478 6/12/2014 003500 FIRST CHOICE SERVICES 616944 001.076.305.575 COFFEE SUPPLIES FOR CP 32.00 Total : 32.00 32479 6/12/2014 000070 INLAND POWER&LIGHT CO 94202 101.042.000.542 UTILITIES: MAY 2014 PW 407.98 Total : 407.98 32480 6/12/2014 001635 ISS FACILITY EVENT SERVICES 739865 001.076.305.575 EVENT SERVICES AT CENTERPLAC 252.84 741114 001.076.305.575 EVENT SERVICES AT CENTERPLA( 210.70 743094 001.076.305.575 EVENT SERVICES FOR CENTERPL 152.77 745112 001.076.305.575 MAY 2014 MONTHLY CLEANING CF 7,136.00 Total : 7,752.31 32481 6/12/2014 000132 MODERN ELECTRIC WATER CO 04500-01 101.042.000.542 UTILITIES: PW 9,007.43 May 2014 001.076.302.576 UTILITIES: PARKS 2,654.75 Total : 11,662.18 32482 6/12/2014 000868 POWER CITY ELECTRIC CON. INC. 38496 001.076.300.576 POWER OUTAGE REPAIR TO PICN 324.14 Page: , vchlist Voucher List Page: /0 061/2120/4 7:43:23AM Spokane Valley Bank code : apbank Voucher Date Vendor Invoice Fund/Dept Description/Account Amount 32482 6/12/2014 000868 000868 POWER CITY ELECTRIC CON. INC. (Continued) Total : 324.14 32483 6/12/2014 000019 PURRFECT LOGOS INC. 33325 001.076.305.575 JACKETS FOR CENTERPLACE 100.00 Total : 100.00 32484 6/12/2014 000709 SENSKE LAWN&TREE CARE INC. 5564424 001.076.300.576 CONTRACT MAINT: PARKS MAY 20 58,057.77 Total: 58,057.77 32485 6/12/2014 000404 SPOKANE VALLEY HERITAGE MUSEUM 2014 105.000.000.557 2014 LODGING TAX GRANT REIMB 1,826.28 Total : 1,826.28 32486 6/12/2014 003532 STERICYCLE COMMUNICATION, SOLUTI 140511173101 001.076.305.575 ANSWERING SVC FOR CENTERPL 31.20 Total : 31.20 14 Vouchers for bank code: apbank Bank total : 81,553.56 14 Vouchers in this report Total vouchers: 81,553.56 Page: vchlist Voucher List Page: // i" 06/13/2014 2:44:08PM Spokane Valley Bank code : apbank Voucher Date Vendor Invoice Fund/Dept Description/Account Amount 32487 6/13/2014 000958 AAA SWEEPING LLC 51797 402.402.000.531 2014 STREET SWEEPING CONTRA 84,066.59 51798 402.402.000.531 2014 STORM DRAIN CLEANING 42,280.28 Total : 126,346.87 32488 6/13/2014 002816 ABLE CLEAN-UP TECHNOLOGIES INC 15689 001.058.056.524 FENCE RENTAL 1,065.26 Total : 1,065.26 32489 6/13/2014 001873 ACME CONCRETE PAVING INC CIP 0114 101_042.000.542 CITY SHARE TO REPAIR BROADWd 1,036.95 Total : 1,036.95 32490 6/13/2014 002931 ALL WESTERN INDUSTRIAL SUPPLY 98205 101.000.000.542 SUPPLIES: PW 177.68 Total : 177.68 32491 6/13/2014 001081 ALSCO LSPO1480137 001.058.057.558 MAT SERVICE PERMIT CENTER 57.65 Total : 57.65 32492 6/13/2014 003076 AMSDEN, ERICA EXPENSE 001.032.000.543 EXPENSE REIMBURSEMENT 24.64 Total : 24.64 32493 6/13/2014 000135 APA 134254-1422 001.058.056.558 2014-2015-K. KENDALL 294.00 Total : 294.00 32494 6/13/2014 001117 BASINGER, MICHAEL EXPENSE 001.058.056.558 EXPENSE REIMBURSEMENT 284.63 Total: 284.63 32495 6/13/2014 002517 BROWN BEARING CO INC 5881135 101.000.000.542 SUPPLIES: PW 20.65 Total : 20.65 32496 6/13/2014 002572 CINTAS CORPORATION 606816042 101.042.000.543 SERVICES: PW ACCOUNT 02384 176.99 606816220 101.000.000.542 SUPPLIES: PW ACCOUNT 02356 112.45 606817315 101.000.000.542 SUPPLIES: PW ACCOUNT 02356 112.45 606818263 101.042.000.543 SERVICES: PW ACCOUNT 02384 176.99 606818447 101.000.000.542 SUPPLIES: PW ACCOUNT 02356 84.78 606819546 101.000.000.542 SUPPLIES: PW ACCOUNT 02356 99.74 Total : 763.40 32497 6/13/2014 002419 CLARKS TIRES&AUTOMOTIVE 42364 001.076.000.576 32811D: OIL CHANGE/SERVICE 136.04 Page: // 11---- vchlist Voucher List Page: / 0611312014 2:44:08PM Spokane Valley Bank code : apbank Voucher Date Vendor Invoice Fund/Dept Description/Account Amount 32497 6/13/2014 002419 002419 CLARKS TIRES&AUTOMOTIVE (Continued) Total : 136.04 32498 6/13/2014 000603 CONTRACT DESIGN ASSOCIATES INC 34623 001.058.057.558 CHAIR FOR COMM DEV- 733.96 Total : 733.96 32499 6/13/2014 002604 DELL FINANCIAL SERVICES LLC 77340366 001.090.000.548 COMPUTER LEASE 001-8922117-0( 2,013.26 77341112 001.090.000.548 COMPUTER LEASE 001-8922117-0( 1,102.01 Total : 3,115.27 32500 6/13/2014 002920 DIRECTV INC 23297433005 101.042.000.543 CABLE SERVICE FOR MAINT SHOF 48.99 Total : 48.99 32501 6/13/2014 003256 DISCOVERY BENEFITS INC, HRA PLAN 0000464399-IN 001.018.016.518 MAY 2014 HRA SERVICE FEE 396.00 Total : 396.00 32502 6/13/2014 000999 EASTERN WA ATTORNEY SVC INC 85848 001.013.015.515 PROFEESIONAL SERVICES 70.00 Total : 70.00 32503 6/13/2014 002157 ELJAY OIL COMPANY 4224647 101.000.000.542 FUEL FOR MAINT SHOP/PLOWS 298.86 Total : 298.86 32504 6/13/2014 001447 FREE PRESS PUBLISHING INC 118869 001.018.013.513 ADVERTISING HOT TOPIC 351.54 118870 001.013.000.513 ADVERTISING FOR PUBLIC HEARII 138.00 118871 001.013.000.513 ADVERTISING STATE OF THE CITY 207.00 42038 001.013.000.513 LEGAL PUBLICATION 77.55 42039 001.013.000.513 LEGAL PUBLICATION 79.90 42044 001.058.056.558 LEGAL PUBLICATION 70.55 42045 001.058.056.558 LEGAL PUBLICATION 96.90 42046 001.058.056.558 LEGAL PUBLICATION 85.85 Total : 1,107.29 32505 6/13/2014 002992 FREEDOM TRUCK CENTERS PC001169182:01 101.000.000.542 SUPPLIES: PW 148.70 Total : 148.70 32506 6/13/2014 003707 GEOGRAPHIC INFORMATION SERVICE 1700 001.058.056.558 PROFESSIONAL SERVICES AGREE 6,745.60 Total : 6,745.60 32507 6/13/2014 003677 GOOD TO GO! TB-145524144 001.058.056.558 REPROCESSING FEE 5.00 Page: -fir vchtist Voucher List Page: i3 -3--- 06/13/2014 3i06/13/2014 2:44:08PM Spokane Valley Bank code : apbank Voucher Date Vendor Invoice Fund/Dept Description/Account Amount 32507 6/13/2014 003677 003677 GOOD TO GO! (Continued) Total : 5.00 32508 6/13/2014 001253 GORDON THOMAS HONEYWELL MAY 14 1042 001.011.000.511 LOBBYIST SERVICES 3,101.79 Total : 3,101.79 32509 6/13/2014 000007 GRAINGER 9457044676 101.042.000.542 SUPPLIES: PW 30.91 Total : 30.91 32510 6/13/2014 003551 MICHAEL E PURDY ASSOCIATES LLC SPV0514 001.032.000.543 PROFESSIONAL CONSULTING SEF 3,150.00 Total : 3,150.00 32511 6/13/2014 001035 NOM TECHNOLOGIES INC 5806 001.090.000.518 SENTINEL EPS:JUNE-AUGUST 1,197.00 5810 001.090.000.518 SENTINEL IPS JUNE-AUGUST 1,197.00 5860 001.090.000.518 MONTHLY MAINTENANCE 187.50 Total : 2,581.50 32512 6/13/2014 000239 NORTHWEST BUSINESS STAMP INC_ 92410 001.018.016.518 SLOTTED NAME BADGE 62.50 Total : 62.50 32513 6/13/2014 000652 OFFICE DEPOT INC. 715330831001 001.076.000.576 SUPPLIES: PARKS AND REC 232.06 Total : 232.06 32514 6/13/2014 000058 OMA A500163 001.018.016.518 NEW HIRE PHYSICALS 375.00 Total : 375.00 32515 6/13/2014 002243 ORBITCOM 00762182 001.076.305.575 CENTERPLACE PHONE SERVICE 209.26 Total : 209.26 32516 6/13/2014 000881 OXARC 76573SS 101.042.000.542 SUPPLIES: PW 352.73 Total : 352.73 32517 6/13/2014 000709 SENSKE LAWN &TREE CARE INC. 5898375 101.042.000.542 2014 EMERGENCY TRAFFIC CONT 530.46 5949039 101.042.000.542 2014 EMERGENCY TRAFFIC CONT 254.36 Total : 784.82 32518 6/1312014 002021 SHRM 01219439 001.018.016.518 2014-2015 J.WHITEHEAD 185.00 Total : 185.00 Page: -3--- vchlist Voucher List Page: / 06/13/2014 2.:44:08PM Spokane Valley Bank code : apbank Voucher Date Vendor Invoice Fund/Dept Description/Account Amount 32519 6/13/2014 002531 SIX ROBBLEES INC 5-705101 101.042.000.542 SUPPLIES: PW 25.17 Total : 25.17 32520 6/13/2014 001140 SPECIAL ASPHALT PRODUCTS 1NVC064674 101.042.000.542 SUPPLIES: PW 18,626/0 INVC064745 101.042.000.542 SUPPLIES: PW 940.26 Total : 19,566.96 32521 6/13/2014 000090 SPOKANE CO INFO SYSTEMS 50311304 001.018.013.513 COUNTY IT SUPPORT 10,314.27 Total : 10,314.27 32522 6/13/2014 000001 SPOKANE CO TREASURER 110100036 303.303.181.595 ENGINEERING AND ROAD SERVIC 23,325.95 Total : 23,325.95 32523 6/13/2014 000093 SPOKESMAN-REVIEW 288128 23152 001.011.000.511 SUBSCRIPTION FOR COUNCIL 93.60 Total : 93.60 32524 6/13/2014 000065 STAPLES ADVANTAGE 3232948727 001.011.000.511 SUPPLIES:COUNCIL 213.27 3232948728 001.058.050.558 SUPPLIES:CD 11.75 3232948729 001.058.050.558 SUPPLIES: CD 36.97 3232948731 001.011.000.511 SUPPLIES: COUNCIL 34.86 Total : 296.85 32525 6/13/2014 003431 THE PIN CENTER 0614011 001.011.000.511 SUPPLIES: COUNCIL 258.50 Total : 258.50. 32526 6/13/2014 000335 TIRE-RAMA 8080029222 001.090.000.518 40204D: OIL CHANGE/SERVICE 653.53 Total : 653.53 32527 6/13/2014 000087 VERIZON WIRELESS 9725388525 001.016.000.521 AIR CARD FOR POLICE CHEIF 40.01 9725397611 001.016.000.521 AIR CARDS FOR POLICE DEPARTh 803.20 Total : 843.21 32528 6/13/2014 000038 WASTE MANAGEMENT OF SPOKANE 2164781-2681-8 101.042.000.543 WASTE MANAGEMENT-MAINT SHS 173.74 Total : 173.74 32529 6/13/2014 000676 WEST 829688659 001.013.015.515 SUBSCRIPTION CHARGES 743.69 Total : 743.69 Page: •4"-- vchlist Voucher List Page: /. S-" 061/3/2014 2:44:08PM Spokane Valley Bank code: apbank Voucher Date Vendor Invoice Fund/Dept Description/Account Amount 610140208 6/12/2014 002244 AOT PUBLIC SAFETY CORPORATION SPKVLY-54 001.016.000.521 CRY WOLF CHARGES-MAY 2014 3,565.93 Total : 3,565.93 44 Vouchers for bank code: apbank Bank total : 213,804.41 44 Vouchers in this report Total vouchers : 213,804.41 I,the undersigned,do certify under penalty of perjury, that the materials have been furnished,the services rendered,or the labor performed as described herein and that the claim is just,due and an unpaid obligation against the City of Spokane Valley,and that I am authorized to authenticate and certify said claim. Finance Director Date Council member reviewed: Mayor Date Council Member Date Page: vchlist Voucher List Page: /& .--1--- 06113/2014 te06/13/2014 3:01:16PM Spokane Valley Bank code : pk-ref Voucher Date Vendor Invoice Fund/Dept Description/Account Amount 5732 6/13/2014 003708 ELLWEIN, MARY PARKS REFUND 001.237.10.99 REFUND OF SOCCER TOTS KOAU 130.00 Total : 130.00 5733 6/13/2014 003712 GETMAN, EMMA PARKS REFUND 001.237.10.99 DAMAGE DEPOSIT REFUND MISS!' 136.00 Total : 136.00 5734 6/13/2014 003713 GOLUBENKO, SERGEY PARK REFUND 001.237.10.99 DAMAGE DEPOSIT-GREAT ROOM 190.00 Total : 190.00 5735 6/13/2014 003710 HARRIS, LIDA PARKS REFUND 001.237.10.99 DAMAGE DEPIST MIRABEAU MEAL 52.00 Total : 52.00 5736 6/13/2014 003116 HORIZON CREDIT UNION PARKS REFUND 001.237.10.99 DAMAGE DEPOSIT ROOM 110 52.00 Total : 52.00 5737 6/13/2014 003711 HUBBARD, KIRSTEN PARKS REFUND 001.237.10.99 DAMAGE DEPOSIT REFUND DISCC 52.00 Total : 52.00 5738 6/13/2014 003709 KORRELL, MICHELLE PARKS REFUND 001.237.10.99 REFUND SUMMER CAMP 63.00 Total : 63.00 5739 6/13/2014 002478 LITTLE LEARNER CHILD, DEVELOPMEN. PARKS REFUND 001.237.10.99 DAMAGE DEPOSIT MISSION PARK 52.00 Total : 52.00 5740 6/13/2014 003353 MORSE, CORIN PARKS REFUND 001.237.10.99 REFUND SUMMER CAMP 95.00 Total : 95.00 5741 6/13/2014 003715 PRICE,JULIEANNA PARKS REFUND 001.237.10.99 DAMAGE DEPOSIT FIRESIDE LOU' 210.00 Total : 210.00 5742 6/13/2014 003716 TALAFILL,TRINA PARKS REFUND 001.237.10.99 DAMAGE DEPOSIT FOR MISSION F 52.00 Total : 52.00 5743 6/13/2014 003714 UNTERBERG, MARTHA PARKS REFUND 001.237.10.99 DAMAGE DEPOSIT TERRACE VIED' 52.00 Total : 52.00 12 Vouchers for bank code: pk-ref Bank total : 1,136.00 Page: 1"' vchlist Voucher List Page: /7 —4.-- 06116/2014 'i`06/1612014 2:56:43PM Spokane Valley Bank code: apbank Voucher Date Vendor Invoice Fund/Dept Description/Account Amount 32530 6/16/2014 001606 BANNER BANK 2207 APR 2014 001.058.056.524 HILTON GARDEN INN 170.85 2207 APR 2014 001.058.056.558 PAYPAL-APA INLAND EMPIRE SEC 881.58 Total : 1,052.43 32531 6/16/2014 001606 BANNER BANK 4064 APR 2014 001.058.056.558 SAFEWAY 20.31 4064 APR 2014 001.058.056.558 BEST WESTERN ALDERWOOD 158.10 4064 APR 2014 001.058.056.558 WEST LAKE COUNTRY STORE 33.36 4064 APR 2014 001.058.056.558 PAYPAL -150.00 4064 APR 2014 001.058.055.558 PAYPAL -150.00 4064 APR 2014 001.058.056.558 THRIFTY RENTAL 145.24 4064 APR 2014 001.058.056.558 GREAT WOLF LODGE 119.89 4064 APR 2014 001.058.055.558 GREAT WOLF LODGE 119.89 4064 APR 2014 001058.056.558 SPOKANE REGIONAL HEALTH DIS- 40.00 4064 APR 2014 001.58.056.558 SPOKANE REGIONAL HEALTH DIS- -24.00 4064 APR 2014 001.058.056.558 ALASKA AIRLINES 211.00 4064 APR 2014 001.058.055.558 ALASKA AIRLINES 211.00 4064 APR 2014 001.058.050.558 SHELL OIL 60.31 4064 APR 2014 001.058.050.558 SHERATON HOTEL 92.00 4064 APR 2014 001.058.050.558 SHELL OIL 32.07 4064 APR 2014 001.058.057.558 KRISTALLS RESTAURANT 18.42 4064 APR 2014 001.058.055.558 ASFPM 120.00 4064 APR 2014 001.058.057.558 ENZIAN INN 222.80 4064 APR 2014 001.058.056.558 ICSC 50.00 Total : 1,330.39 2 Vouchers for bank code : apbank Bank total : 2,382.82 2 Vouchers in this report Total vouchers : 2,382.82 Page: " -. CITY OF SPOKANE VALLEY Request for Council Action Meeting Date: 6-24-2014 Department Director Approval : ❑ Item: Check all that apply: ® consent ❑ old business ❑ new business ❑ public hearing ❑ information ❑ admin. report ❑ pending legislation AGENDA ITEM TITLE: Payroll for Period Ending June 15, 2014 GOVERNING LEGISLATION: PREVIOUS COUNCIL ACTION TAKEN: BACKGROUND: OPTIONS: Budget/Financial impacts: Employees Council Total Gross: $ 254,287.25 $ - $254,287.25 Benefits: $ 46,154.33 $ - $ 46,154.33 Total payroll $ 300,441.58 $ - $300,441.58 RECOMMENDED ACTION OR MOTION: Move to Approve above payroll. [Approved as part of the Consent Agenda, or may be removed and discussed separately.] STAFF CONTACT: Raba Nimri DRAFT MINUTES SPOKANE VALLEY CITY COUNCIL REGULAR MEETING STUDY SESSION FORMAT Spokane Valley City Hall Council Chambers Spokane Valley,Washington June 3,2014 6:00 p.m. Attendance: Councilmembers Staff Dean Grafos,Mayor Mike Jackson,City Manager Arne Woodard,Deputy Mayor Cary Driskell,City Attorney Bill Bates, Councilmember Erik Lamb,Deputy City Attorney Chuck Hafner, Councilmember Eric Guth,Public Works Director Rod Higgins, Councilmember Mike Stone,Parks&Recreation Director Ed Pace,Councilmember John Hohman,Community Development Dir. Ben Wick, Councilmember Morgan Koudelka, Sr.Administrative Analyst Mark Calhoun,Finance Director Sean Messner, Sr.Traffic Engineer Carolbelle Branch,Public Information Officer Chris Bainbridge,City Clerk Mayor Grafos called the meeting to order at 6:00 p.m. ROLL CALL: City Clerk Bainbridge called the roll; all Councilmembers were present. ACTION ITEM: 1.Motion Consideration: JAG Grant—Morgan Koudelka It was moved by Deputy Mayor Woodard and seconded to authorize the City Manager to apply for the Justice Assistance Grant. Sr. Administrative Analyst Koudelka explained the purpose and process of applying for this grant, as noted in his June 3, 2014 Request for Council Action, and mentioned that this grant opportunity was originally discussed with Council by Chief VanLeuven and St. Lyons. Mayor Grafos invited public comment; no comments were offered. Vote by Acclamation:In Favor: Unanimous. Opposed:None. Motion carried. 2. Solid Waste Transfer,Disposal Final Agreement—Mike Jackson,Erik Lamb It was moved by Deputy Mayor Woodard and seconded to authorize the City Manager to execute a contract with Sunshine Recyclers, Inc. for solid waste transfer, transport and disposal for the City of Spokane Valley. Mr. Jackson stated that this topic has been discussed at length for several years and most consistently since 2011. Mr. Jackson said that last week Council authorized him to finalize the contract with Sunshine Recyclers, Inc. and that finalizing that contract included clearing any contingencies. Mr. Jackson informed Council that those contingencies primarily related to financial and bonding stipulations, and have been cleared to his and the City Attorney's satisfaction. Mayor Grafos invited public comment. Speaking on behalf of the Board of County Commissioners, Commissioner Mielke said that earlier today he delivered a letter to Council requesting Council postpone the execution of the contract with Sunshine for three weeks to allow for formal action by the Spokane City Council regarding the reduction in the disposal rate; he said this request would be appreciated in light of the time extensions that Spokane County previously provided to Spokane Valley for consideration of its solid waste contracting options. Mr. Mielke said that there are two purposes for this letter: (1) to specifically and formally request an extension as noted above; and(2)that Spokane Valley has asked them for a price; he said that at least two things have changed since last week: the City of Spokane has contacted them and said they are willing to Council Study Session 06-03-2014 Page 1 of 6 Approved by Council: DRAFT open the negotiations regarding the disposal fee; he mentioned that they (the County) have always operated with the idea of the City of Spokane owning the capital assets, and he said that was a significant component of this; and he added that the third change is uniformity with regard to whether a landfill closure monitoring fee is part of the gate fee. He said they went back to try to present the most similar comparisons; he said this is a multi-year,multi-million dollar contract and because of the money involved and the cost to citizens, said he feels it worthy to see if there is another option. Mr. Mielke explained that the second part of this letter is that he has been authorized on behalf of Spokane County to offer to Spokane Valley a gate fee of not more than $94.30 per ton contingent upon the City of Spokane verifying the number given by them as noted in the June 3, 2014 letter, and said that is also noted in that letter that the Spokane Council's formal action on that rate adjustment is expected in approximately three weeks. Mr. Mielke said this is a ten-year agreement with a rate of not to exceed $94.30; and said he believes when Spokane Valley looks at the change in the municipal solid waste fee per ton, as well as the lower rate the County has consistently offered on the organics or the clean green,that this is a difference over a ten-year contract of as much as $3 million or more. Mr. Mielke said that once Spokane Valley Council makes a decision,it would be a ten-year commitment with no opportunity to opt out. Mr. Steve Wolf of Sunshine Disposal Recycling, explained that some of the things discussed at the last meeting included the same level of service, predicable rate, and control; he said they are at 80% engineering design now and it has now been vetted; he said he doesn't feel staff would have recommended going with Sunshine unless that system was fully capable of handling the citizens' needs; he said the facility will be expanded to handle the trucks, and it is designed to also handle hazardous household waste and recycling. Mr. Marc Torre said the Sunshine_disposal fee is still lower than the County's; he suggested the comparisons mentioned by Mr. Mielke are not totally similar, and he requested Council act tonight. Spokane County Utilities Director Mr.Kevin Cooke said the maximum rate of$94.30 per ton is for seven days a week, which is the same operation they currently have; he said the main reason for the adjustment downwards in the rate is that they are looking at the reduction in the disposal rate of the Waste-to-Energy plant and taking the landfill closure costs out of the gate fee; he said at yesterday's Board of County Commissioners' meeting,there was discussion about handling the tonnage if Spokane Valley did not join the system, and said under that, they'd likely look at some alternate schedule for operating the transfer station,but under the proposal in tonight's letter,that is based on the current operational approach for the transfer station. Sunshine General Manager Mr. Dustin Bender said he realizes where a tip fees needs to be and he has been doing this for fourteen years, and said he is confident his company will deliver the best price with exemplary service. Regarding the clean green,Mr.Bill Curry said he takes twenty or more loads now but he has not heard about the second company's lower rates. Mr. Tim Crosby, with Waste Management, said they have partnered with Mr.Torre's company on this project;have supplied Sunshine with pollution insurance, they have the landfill space and said he stands firmly behind them and believes this would be the best resource for Spokane Valley. There were no further public comments. Mayor Grafos reminded Council that today's vote is not between Spokane County and Sunshine,but is a vote to authorize the execution of the contract. Council discussion included comments about being ready to move forward with Sunshine,that this topic has been discussed for a long time over multiple meetings and that Spokane Valley has tried to negotiate with the County, but finally had to make a move to go forward; they expressed their appreciation to the County but also noted the County wasn't willing to give a rate,while Sunshine did; that this is a difficult decision as Spokane Valley has a good relationship with Spokane County and that even tonight, there is mention of the municipal solid waste fee contingent upon approval by Spokane; that the County offered Spokane Valley an advisory role only, while Sunshine Council Study Session 06-03-2014 Page 2 of 6 Approved by Council: DRAFT offered control of the system; and that Council feels they are acting in the best long term interest of Spokane Valley citizens. Vote by Acclamation:In Favor: Unanimous. Opposed:None. Motion carried. NON-ACTION ITEMS: 3. Browns Park Master Plan—Mike Stone Parks and Recreation Director Stone went over some of the details of the proposed master plan as per his PowerPoint presentation. Concerning the current condition of the park,Mr. Stone said the majority of the facilities are old and run down and recommended for replacement,which is of course, limited by funding availability. He explained that the volleyball programs are becoming increasingly popular, and that the next closet area is 300 miles west of us;he said Evergreen Regional Volleyball Association is working to create a premier volleyball venue in Spokane Valley. Mr. Stone mentioned the March 27 public meeting, said they mailed out an additional 1600 postcards to all residents surrounding the park in an effort to make sure people were aware of the meeting; he said the turnout was good with over forty people, and half of those provided written comments, some of which were included in Mr. Stone's PowerPoint presentation, adding that the plan is in direct response to the stakeholders and neighborhood residents working to figure out how to have both a neighborhood park element and a volleyball portion. In discussing some of the proposed features,Mr. Stone said every feature in the park is multi-use and can be used by all citizens. Councilmember Bates said he attended the March meeting and it was well done; and that he drove by the park Sunday and it was full; he asked about estimated costs. Mr. Stone said the $2 million would include everything shown on the map; that annual maintenance is not very different from current costs, and the expensive parts would be in the neighborhood park area. Mr. Stone said staff tried very hard to listen to what the public was saying, said people tell him that we have a"real gem here"but it just needs a little polish; and that he feels citizens can co-exist when there is a volleyball meet going on. Councilmember Pace said he too went by the park on Sunday, that it was packed, his grandson loves it, and feels it will be even better with the improvements, and said the idea of having a place to host these events in our City is exciting. Councilmember Wick extended his compliments on the meeting and said the plan appears to include all things asked for at the public forum. In response to a question about budget,Mr. Stone said$40,000 has been budgeted for this year. Deputy Mayor Woodard said he likes the venue and wants to ensure that the public and neighborhood had enough opportunity for comment; but even without having further comment, said he is fine with this project, adding that it encourages"heads in bends." Councilmember Hafner said it is a great location, and he thanked staff for the hard work. Mayor Grafos said he likes and plan and he too wants to make sure the neighborhood is involved, and feels we should have another meeting, perhaps a public hearing; and if the neighborhood agrees with the plan, he doesn't have a problem with it. Director Stone said he was informed Council might want a public hearing and it is set for June 24th; said he doesn't see much more we can do in the form of notifying the public; that this is the first time in six years the Lodging Tax Advisory Committee actually supported this; that people ask what we have to offer and said this park puts us on the map as just one small area that might bring people into our city. Regarding a public hearing, City Manager Jackson said staff can also put up signs at the park as well as advertise in the newspaper, and he asked if that would satisfy Council's desire for additional public input. Councilmembers appeared to shake their heads in agreement. Mr. Jackson noted that the meeting would be open to all interested parties. After brief discussion concerning the hearing and when to schedule a motion, it was decided a motion would be set for either the July 1 or July 8 meeting. 4. Streamlined Sales Tax Mitigation,and Marketplace Fairness Act—Mark Calhoun Finance Director Calhoun went over the background material included in the June 3 Request for Council Action form, and explained streamlined sales tax mitigation as well as the proposed Marketplace Fairness Act, and he went over some of the figures associated with these issues as well as our City's projected losses. Mr. Calhoun said if the Act were approved, state legislators would completely mitigate our streamlined sales tax losses and re-direct our mitigation payments to the K-12 funding, and that the reality Council Study Session 06-03-2014 Page 3 of 6 Approved by Council: DRAFT for us would be an annual deficit of about $300,000 on top of what we already lost on liquor revenue sharing. Deputy Mayor Woodard said this was discussed at the Chamber's Government Affairs meeting, and said he wants to make sure our legislators don't keep chipping away at our shared revenues. Councilmember Wick said that it would not only be the city facing losses, but the Marketplace Fairness Act would have a great impact on businesses that ship all over the United States; and speaking regarding the company where he works, said they would probably have to lay off people and reduce the size of the company; he said the Act would be bad for jobs. Mr. Jackson said staff would bring forward additional information as we receive it; that this is also on Council's legislative agenda — to protect our shared revenues — and said we should take opportunities to tell our legislators how important these shared revenues are for cities. 5. Thierman Traffic Issue—Eric Guth, Sean Messner Public Works Director Guth said that a concerned citizen had requested the City review the lane assignments on Thierman between Sprague and Appleway due to their concern with trucks trying to navigate that section of the road when making left-hand turns onto Sprague and/or Thierman, and that occasionally both lanes were blocked in that endeavor. Mr. Guth said staff did a two-pronged approach by compiling data traffic counts as well as vehicle types. Via his PowerPoint presentation, Senior Traffic Engineer Messner explained his findings and discussed and compared his current analysis with an analysis conducted in April , 2012, with the 2012 results indicating no changes being recommended, and that the queue storage was sufficient to accommodate existing traffic, that blocking could occur but on a non-reoccurring basis. Mr.Messner spoke of his current analysis of data collected April,2014,with some data collected during various traffic times, including peak morning,mid-day and evening peak hours, and said that the result was that there is generally no more than one truck every four minutes, that 74% of entering traffic is westbound on Sprague, 21% is northbound with the majority of traffic turning left onto Sprague; he said trucks account for less than 4.5% of that left-turning traffic. Mr. Messner said the traffic data validates current signal timing and design, and that the blocking of the intersection at Appleway is non-reoccurring. Mr. Messner also explained that staff reviewed the existing conditions to develop conceptual options that might add left-turn capacity on Thierman, and he went over the pros, cons, and estimated costs of the four options as depicted in the PowerPoint. Mr. Messner explained that when a large truck makes that turn, it currently goes into the second northbound lane on Thierman, so making that next lane a shared through and left turn lane with a dedicated left turn lane would cause more problems for the trucks as they'd have to take into consideration the car on the inside lane. Deputy Mayor Woodard said he thinks the problem is not Sprague and Thierman but rather Appleway and Thierman and then turning back onto Sprague; said he thinks we need two lanes on Thierman turning onto Sprague and to add appropriate signage; he said that he went to the area and watched for about ten minutes and it was apparent to him that the problem is actually pretty simple, and to make option 1 more complete: coming off the freeway ramp next to our City's gateway there are three lanes; and now all three lanes can go straight and only one can turn;he said the problem is you can't get enough of the vehicles in that Thierman section if a truck is going across both lanes because they have to weave out and then try to get back into the interior lane; he said if they were able to stay in that outside lane and still turn onto Sprague which is where they want to go, then they're not blocking both lanes; and said he thinks from a purely logistical commonsense standpoint, if you had two lanes that could turn on the exit on Appleway then you'd move traffic through there a lot better. Mr. Messner said that Deputy Mayor Woodard is very correct intuitively with couplets, that the first cross street on any couplet on either side experiences more turns then elsewhere on the corridor,and the area in question is a short distance and a very difficult situation. Mr. Messner explained that from the everyday perspective, he would agree intuitively with Deputy Mayor Woodard; however, from an engineering perspective and the safety side,there are consequences with it; and from the delay side of that two to three seconds delay during a peak hour, when you combine all that with the traffic entering the intersection, Council Study Session 06-03-2014 Page 4 of 6 Approved by Council: DRAFT you're looking at over three hours of added delay; so from a congestion management perspective he said that's also not good. Deputy Mayor Woodard asked how would we test a theory, perhaps by using temporary signs or have a traffic controller; he asked how do we see if the people are using it the way we are trying to discuss it, and that it would actually help; said he doesn't want to spend$50,000 just to find out three months later that it was absolutely ludicrous; and again asked if there is a way to test something. Concerning the expense, Mr. Messner said we would have to change out two of the signal heads on the northbound mast arm, change the signing on Thierman, and would have to change the signal timing. He said in terms of what they do to try to validate options, he said they can take a look with the software; he said he realizes software analysis compared with real world are not exactly equal, but said we haven't done any simulation work or more in-depth analysis, and he proposed those suggestions before implementing any other steps. Councilmember Hafner said in two years we have not had any complaints; and that after the first study it was determined that the best way is to leave it as is; and now with a second study because of one complaint, we do another study with the same results. In response to a question about the study's cost, Mr. Jackson said the study was done in-house, and Mr. Messner said the traffic count cost about $800. Councilmember Hafner said we have come to the same conclusion and haven't solved anything; that all four recommended options all have issues common to accidents and/or delays, so nothing has been solved and we haven't eliminated a problem we think we might have and we really have no other evidence showing a traffic problem and there have been no accidents; and said he doesn't understand the whole concept and he's not sure why we are discussing this based on one complaint. Councilmember Bates said he went to the area and traffic flows fairly smoothly in that intersection; he said Thierman is very tight and northbound Thierman could accommodate about seven pick-up trucks; he said there are two lights, and in the right-hand lane is a sign indicating "Yield on Green" and Councilmember Bates said he thinks that is a mistake; both lanes are yielding when that light turns green; he said people are waiting for the traffic to clear going south on Thierman; then in twenty seconds the green arrow comes on, there is a long delay and people are not sure they have the right-of-way until that traffic stops; and asked why is there a yield on green when all the traffic is lined up wanting to make a left-hand turn. Mr. Messner said often times with the lagging left turn if there's not a lot of southbound opposing traffic, that left-turn lane can operate as a permissive state, so people can move out into the intersection and wait for an available gap to make the left turn; when that twenty seconds is up the protected left turn phase comes on, so the reason for implementing this is to try to get more traffic through on a left-turn while southbound traffic continues, all in an effort to make the intersection more efficient. Concerning semi-trucks, Councilmember Bates said he only saw one and that truck driver had no trouble making the turn; and said he also recommends leaving the intersection exactly the way it is now, but to change the arrow to automatically make the left turn. Mr. Messner said he could research that. There was other brief discussion concerning level of service and of the intersection in general with apparent Council consensus for staff to conduct the software simulation. At 8:00 p.m.,Mayor Grafos called for a ten-minute recess;he reconvened the meeting at 8:11 p.m. 6. Truck Parking in Residential Zone—Cary Driskell After City Attorney Driskell gave a brief background on this issue,he explained that he researched police department violations and found none regarding the "no trucks" nor any violations of running refrigeration units or idling in residential areas; he said there were no reports of violations and no violations issued. Mr. Driskell said that he spoke with Mr. Rick Squibb, a truck driver who testified in 2012 about wanting to allow parking in residential areas, and who said his position has not changed. Mr. Driskell said he is open to discussion and comments. Deputy Mayor Woodard asked about having an ordinance that has a future effective date, and Mr. Driskell said that it is possible to have an ordinance with a delayed implementation. Councilmember Pace said this topic fits into Council's core value to Council Study Session 06-03-2014 Page 5 of 6 Approved by Council: DRAFT preserve the character of residential neighborhoods and that people don't want trucks parked in neighborhoods; and that he was hoping to figure out a good commonsense ordinance to prevent trucks from parking in front of people's houses but still honor property rights; and said he would like to have a discussion about what the city might do to make it easier for truck drivers to park trucks elsewhere. Councilmember Bates said he would like to hear form the truckers again;he also questioned whether this issue should include motor homes, recreational vehicles, or trailers; said we don't want to make something so stringent that people with a thirty foot RV can't park it in their own driveway;he said there are a lot of fifth wheelers and we need to look at it all; and said perhaps they should only be permitted to be parked in the driveway or the side of the house. Councilmember Hafner said when this issue was brought to Council as an ordinance, he and Mayor Grafos voted against it; he said he didn't want any trucks in his or any residential neighborhood; he said every time Council tried a compromise, it ended up with trucks still being permitted to park in a residential area. Deputy Mayor Woodard said there are different kinds of residential lots, and if Council decides to have a public hearing, he would like staff to notify truckers about it. Councilmember Pace suggested we have a creative ordinance; that it needs to consider RV's and other trucks such as Snap-on- tools, or Schwan; but still keep people's property rights in mind. Councilmember Hafner said the issue is semi-trucks parking on the street blocking a home or a view, and Councilmember Wick said that most of the blocked view is not due to the truck but the semi-trailer. Councilmember Hafner mentioned the need for emergency vehicles to have easy access, and if trucks are parked on the street, it could prove to be a problem.Mr. Driskell said he would research this topic further for a future council agenda. 7.Advance Agenda—Mayor Grafos Councilmember Hafner suggested our City consider some kind of a festival to start drawing people into our City, something similar to what occurs in the South Perry neighborhood; and Mr. Jackson said he would look into that suggestion. 8. Council Comments—Mayor Grafos There were no additional Council comments. 9. City Manager Comments—Mike Jackson Mr.Jackson had no additional comments. It was moved by Deputy Mayor Woodard, seconded, and unanimously agreed to adjourn. The meeting adjourned at 8:36 p.m. ATTEST: Dean Grafos,Mayor Christine Bainbridge,City Clerk Council Study Session 06-03-2014 Page 6 of 6 Approved by Council: DRAFT MINUTES City of Spokane Valley City Council Regular Meeting Formal Meeting Format Tuesday,June 10,2014 Mayor Grafos called the meeting to order at 6:00 p.m. Attendance: City Staff: Dean Grafos,Mayor Mike Jackson, City Manager Arne Woodard,Deputy Mayor Cary Driskell, City Attorney Bill Bates, Councilmember Mark Calhoun,Finance Director Chuck Hafner,Councilmember Erik Lamb,Deputy City Attorney Rod Higgins,Councilmember John Hohman, Community Development Dir. Ed Pace,Councilmember Eric Guth,Public Works Director Ben Wick, Councilmember Mike Stone,Parks&Rec Director Lori Barlow, Senior Planner Rick VanLeuven,Police Chief Carolbelle Branch,Public Information Officer Chris Bainbridge, City Clerk INVOCATION: Pastor Al Hulten of Valley Assembly Church gave the invocation. PLEDGE OF ALLEGIANCE: Council, Staff, and audience rose for the Pledge of Allegiance. ROLL CALL: City Clerk Bainbridge called the roll; all Councilmembers were present. APPROVAL OF AGENDA: It was moved by Deputy Mayor Woodard, seconded and unanimously agreed to approve the agenda. INTRODUCTION OF SPECIAL GUESTS AND PRESENTATIONS: n/a COMMITTEE,BOARD,LIAISON SUMMARY REPORTS: Councilmember Bates: reported that he attended the Public Service Award Presentation for Senator Mike Padden at the Valley Precinct, which award was presented by the National Highway Traffic Safety Administration in recognition of Senator Padden's long work as a senator and judge, to end tragedies related to alcohol abuse and DUI(driving while under the influence); said he went to the Spokane Clean Air Board meeting where they learned that the current director wants to retire this fall so the work has started to try to find a new director; attended the 9-1-1 Community Board meeting where the topic of the six-hour failure of 9-1-1 was again discussed, and he mentioned our community's Crime Check, which was used as a backup, and said the cause of the downtime is still being investigated; he also mentioned the upcoming change in technology in order to allow texting of 9-1-1, and said it will likely be implemented next spring. Councilmember Wick: said in preparation for his SRTC (Spokane Regional Transportation Council) meeting this coming Thursday, funding for Phase 2B Appleway Trial is being recommended, and he stressed that this is not the finalization,but would be a recommendation for approval. Deputy Mayor Woodard: no report Councilmember Higgins: no report Councilmember Pace: said he toured the Spokane Valley Partners' facility and was impressed with their operations; attended a Health District meeting and he mentioned the possible shutting down of the bio- terrorism lab due to lack of federal funding, and that the Health District voted to fund it within the District Minutes Regular Council Meeting 06-10--2014 Page 1 of 5 Approved by Council: DRAFT during the short term; went to the Pioneer School Annual Festival; in connection with the Health Board observed a temporary food event health inspection; went to an informal meeting of the Greenacres Neighborhood group to hear concerns about the Mission Trailhead; participated in the STA (Spokane Transit Authority) Planning meeting where they recommended a $4.7 million upgrade to the downtown Plaza, and said the upgrade would not be done by imposing new taxes; went to Senator Padden's presentation; and attended an informal meeting of people from different organizations concerning affordable housing. Councilmember Hafner: reported that the Board of Health had its annual budget report for 2013 and they are financially well-off and meeting all obligations; he too spoke of the bio-terrorism lab and of its approximate $200,000 cost to run, adding that not having materials to test is a concern; he said they continue the process of the annual evaluation of the health district officer, and mentioned the recent past "E.coli" outbreak(Escherichia coli) at an area restaurant, said it was caused by bean sprouts and that it is now under control and that it was this restaurant's second violation; said also that the Health District is working on a governance manual; said he met with the STA Performance Committee as they examine their funds. MAYOR'S REPORT: Mayor Grafos reported that he attended Senator Padden's award, and went to the Homebuilder's Governance Board meeting where they talked about growth. PUBLIC COMMENTS: Mayor Grafos invited public comments. Mr. Scott Maclay spoke concerning his desire that our city form a citizen committee to examine the option of having our own police department; he referenced a handout he gave to Council earlier about an article he put in the newspaper years ago concerning having our own police force, and that the goal was to save taxpayers' money; said there is no reason not to have our own police department and it saddens him that we pay so much for our law enforcement; said he was on a citizen committee prior to this city's incorporation, and he'd like to participate should council decide to form another committee; and said he feels the time has come for Spokane Valley to have its own police force. 1.PUBLIC HEARING: Amended 2014 Transportation Improvement Plan(TIP)—Steve Worley Mayor Grafos opened the public hearing at 6:19 p.m. Public Works Director Guth, standing in for Engineer Worley, explained the need to amend the 2014 TIP as per the amended project list. After brief discussion about some of the projects,Mayor Grafos invited public comment. No comments were offered and Mayor Grafos closed the public hearing at 6:23 p.m. 2.PUBLIC HEARING: Proposed 2015-2020 Six Year Transportation Improvement Plan—Steve Worley Mayor Grafos opened the public hearing at 6:24 p.m. Public Works Director Guth, standing in for Engineer Worley, explained that this is the current proposed six year TIP, and we are required by state law to hold a public hearing and have this adopted no later than June 30; he said Council will see the proposed resolution to adopt this plan at the June 24 council meeting. Mayor Grafos invited public comment. Mr. Peter Higgins said that concerning this plan and Barker Road, that the extension of Chapman onto Barker was a condition of a development called Morningside Heights with about 450 units or lots; said by the time they were about twenty percent through the project, they were supposed to have the road completed; said today's traffic is just a small percentage of what's coming; said the County has a new application for another 150-plus lots on the top of the hill, which will make a total of over 600 lots, and that likely each of those lots would have people with two cars; said the extension of Chapman was built to keep the traffic off Sullivan; that Chapman was the intention of the County about ten years ago to take the traffic off the 32nd hill and Chapman and run it down Barker and that Barker Road would become a main route off 32nd; said all these new lots means about 1200 new vehicles a day one way off that hill; said Barker Road has been pushed aside for over twenty years and it was about twenty years ago that the County started collecting money for turn lanes at the four-way stop; for Turtle Creek,that was one of the conditions; he said everything got bargained and turned around; he said he does not understand when that Minutes Regular Council Meeting 06-10--2014 Page 2 of 5 Approved by Council: DRAFT intersection was torn up from corner to corner, that there were no plans for those turn lanes to be put in and now it is a joke as you can't get around the corner if you have anything other than a standard vehicle, as traffic has to be brought to a stop. There were no further public comments and Mayor Grafos closed the public hearing at 6:30 p.m. 3. CONSENT AGENDA: Consists of items considered routine which are approved as a group. Any member of Council may ask that an item be removed from the Consent Agenda to be considered separately. Proposed Motion:I move to approve the Consent Agenda. a. Approval of claim vouchers on June 10, 2014 Request for Council Action Form, Totaling: $2,422,835.45 b.Approval of Payroll for Pay Period Ending May 31,2014: $430,472.55 c.Approval of May 20,2014 Study Session Council Meeting Minutes d.Approval of May 27,2014 Regular Formal Council Meeting Minutes It was moved by Councilmember Pace, seconded and unanimously agreed to approve the Consent Agenda. NEW BUSINESS: 4. Second Reading Proposed Ordinance 14-005, Comprehensive Plan Amendments—Lori Barlow After City Clerk Bainbridge read the ordinance title, it was moved by Deputy Mayor Woodard and seconded to approve Ordinance NO. 14-005. Senior Planner Barlow reminded everyone that this ordinance denies CPA 01 and 03, and approves the remaining amendments as proposed. Mayor Grafos invited public comment. Ms. Debra Farnsworth said that in traveling south on Barker Road, she notices the traffic as people get off from work, or on Sundays as church services end, or in the winter when there's no place for cars to get on the side of the road; said when the apartment manager previously spoke on behalf of Viking properties and their pristine complex, there is no reassurance they won't sell the complex to someone else. Mr. William Currier thanked Council for looking at the area and for listening to the citizens. Vote by Acclamation:In Favor: Unanimous. Opposed:None. Motion carried. 5. Second Reading Proposed Ordinance 14-006,Zoning Map—Lori Barlow After City Clerk Bainbridge read the ordinance title, it was moved by Deputy Mayor Woodard and seconded to approve Ordinance No. 14-006. Mayor Grafos invited public comment; no comments were offered. Vote by Acclamation:In Favor: Unanimous. Opposed:None. Motion carried. 6.Motion Consideration: Centennial Trail Agreement—Mike Stone It was moved by Deputy Mayor Woodard and seconded to authorize the City Manager to finalize and execute the Centennial Trail Cooperative Agreement. Parks and Recreation Director Stone went over some of the history of the creation of the trail and agreement and of our eventual involvement once we incorporated; said the jurisdictions with the assistance of the Friends of the Centennial Trail worked closely together to provide this service to the community. Mr. Stone said the trail is now over twenty years old. Mr. Stone mentioned significant improvements in this new draft agreement which has been updated to reflect current maintenance trends, costs,trail conditions and responsibilities; and requires that each party make an annual lump sum payment of$20,000 to the Trail Maintenance Fund by February 1 of each year, beginning in 2015; and said the group will also work together to develop a six-year capital program, adding that any projects under this fund must receive unanimous agreement from all parties. Mr. Stone mentioned the additional change as shown on his track-changed Exhibit 2, which adds a subsection 9 to describe what happens to the money fi the agreement is terminated. Mayor Grafos invited public comment; no comments were offered. Vote by Acclamation: In Favor: Unanimous. Opposed: None. Motion carried. Minutes Regular Council Meeting 06-10--2014 Page 3 of 5 Approved by Council: DRAFT PUBLIC COMMENTS: Mayor Grafos invited public comment. Mr. Peter Higgins said that Councilmember Wick, as a member of the SRTC is likely aware of the rail traffic issue and that bridging the valley is pretty much off the table; said he feels every jurisdiction needs to hammer it every chance they get; said he feels Union Pacific Railroad would love to bring coal into this area and that we need to make sure all government entities and legislators are having their say about this issue; if they build those terminals, the northern eastern part of Spokane County will become a dead zone; said the railroad won't do anything about this issue and most government entities have forgotten about it; but there won't be businesses or other development if people can't get across the valley. Mr. Ray Ward, 9th Avenue: mentioned the semi-truck in residential areas and asked if the proposed limit of 20 feet was overruled. Mr. Robert Ashley said most pickups are 22 feet; that truckers as a community normally try to be considerate of neighbors, and that a tractor just coming home by itself should be no big deal especially parking on their own property. ADMINISTRATIVE REPORTS: 7.Noxious Weed Control Board—Cary Driskell City Attorney Driskell brought attention to the map on the whiteboard, which he explains represents the number of individual weed violations per property for the year 2013; said it has a detailed legend identifying the type of weed, and said this map would be available in the Clerk's office for the next few weeks if Council wants to take a further look at it; said tonight's agenda item is to follow-up the discussion of his previous administrative report several weeks ago. Via his PowerPoint presentation, Mr. Driskell explained the legal authority for the Noxious Weed Control Board, the Board's composition, funding options, assessment formula, the effect of our incorporation and the new proposed assessment formula, as well as objection letters the County received from other cities concerning the assessment of receipt of services, as well as the Board's recommendations. Mr. Driskell said that since incorporation, Spokane Valley property owners paid about $95,000 a year for noxious weed control; Liberty Lake property owners paid about $9,000 a year, the City of Spokane pays a lump sum of$6,000 a year and individual property owners don't pay the assessment. Mr. Driskell mentioned that a civil suit was filed by Liberty Lake Mayor Steve Peterson,in his capacity as citizen and not mayor, along with others and that it has become a class-action suit on behalf of more than 50,000 property owners in Spokane Valley and Liberty Lake. Mr. Driskell said as noted by the previously mentioned figures, we pay the predominant amount. Mr. Driskell said the suit is based on the County's lack of legal authority to impose those assessments; he said there are in essence,three sections of this issue: for the year 2013 and before,for the year 2014, and for 2015 and beyond; he said this did not get addressed by the County in 2013, but he received a commitment from the Weed Board that they would look at that and that the Board recognized it was unequal and unfair to Spokane Valley and Liberty Lake citizens. There was discussion concerning a refund to our citizens and that that is not plausible; perhaps a fair adjustment would be for our citizens to pay zero; and comment from some members of Council of their desire to have a resolution to submit to the County, for example, that states that our citizens would pay $1.00 a year per parcel. After further discussion including whether the services were worth the $95,000, it was determined that we will wait to see the outcome of the lawsuit before pursuing this issue further. 8.Advance Agenda—Mayor Grafos.There were no additions to the Advance Agenda. INFORMATION ONLY The (9) Eighth Avenue Reconstruction, and (10) Highway Safety Improvement Program Grant were for information only and were not reported or discussed. CITY MANAGER COMMENTS Mr. Jackson mentioned next week's budget workshop and said the Finance Committee will be meeting tomorrow to go over the worksheets. Minutes Regular Council Meeting 06-10--2014 Page 4 of 5 Approved by Council: DRAFT 11.EXECUTIVE SESSION: [RCW 42.30.110(1)(i)] Potential Litigation It was moved by Deputy Mayor Woodard, seconded and unanimously agreed to adjourn into Executive Session for approximately thirty minutes to discuss potential litigation and that no action will be taken upon return to open session. Council adjourned into Executive Session at 7:22 p.m. At 7:46 p.m., Mayor Grafos declared Council out of Executive Session, after which it was moved by Deputy Mayor Woodard, seconded and unanimously agreed to adjourn. ATTEST: Dean Grafos,Mayor Christine Bainbridge,City Clerk Minutes Regular Council Meeting 06-10--2014 Page 5 of 5 Approved by Council: CITY OF SPOKANE VALLEY Request for Council Action Meeting Date: June 24, 2014 Department Director Approval: Check all that apply: [' consent ❑ old business ® new business [' public hearing ❑ information ❑ admin. Report [' pending legislation❑ executive session AGENDA ITEM TITLE: Proposed Resolution 14-005: Adoption of the Amended 2014 Transportation Improvement Program (TIP) GOVERNING LEGISLATION: RCW 35.77.010 PREVIOUS COUNCIL ACTION TAKEN: Council approval for CMAQ/TA Grant Applications on March 12, 2013; Adopted the 2014-2019 Six Year TIP on June 25, 2013, Resolution #13- 006; Approved Washington Utilities and Transportation Commission (WUTC) Grade Crossing Protection Fund (GCPF) application on July 30, 2013; Info RCA January 21, 2014; Admin Report on February 4, 2014. A Public Hearing for this amendment was conducted on June 10, 2014. BACKGROUND: Council adopted the 2014-2019 TIP based upon information staff had at that time relative to available funds and how these funds could be utilized for transportation projects. Since the adoption of the 2014-2019 TIP, staff submitted grant applications for the following projects that were selected for funding: • Vista Rd / BNSF RR Crossing Safety Improvements (WUTC-GCPF) • Appleway Trail Phase 2 (RW& CN), (Partial Federal TA funding for 2017) Additional proposed changes identified in the Amended 2014 TIP include the following: Removed projects: • Sidewalk Infill Program Phase 3, (CMAQ funding not received) Added Projects: • Sullivan Rd Resurfacing Project (PE Phase), Sprague to Mission (STP), (Rescheduled) • Fancher Bridge over BNSF RR Expansion Joint Repair (federal BR funding) • Sprague / Barker Intersection Improvements (PE Only), (Developer funding) • 8th Ave Reconstruction — McKinnon to Fancher (City Street Preservation Program) • Appleway Ave Resurfacing —Thierman to Park (City Street Preservation Program) • Euclid Ave Resurfacing — Flora to Barker (County sewer lift station project) • Mullan Rd Resurfacing — Dishman-Mica to Broadway Carryover projects from 2013: • Broadway @ Argonne/Mullan Concrete Intersections • Sidewalk Infill Program Phase 2 • University Overpass Study • Citywide Safety Improvements (Bike/Ped) • 2013 Pavement Preservation Projects, Phase 2 o Argonne Rd Resurfacing, Sprague to Broadway (STP) o Sprague Ave Resurfacing, Havana to 1-90 (EB Lanes Only) (STP) o Sprague Ave Resurfacing, 1-90 to Thierman (STP) o Sprague Ave Resurfacing, Herald to University (STP) • 2013 Pavement Preservation Projects, Phase 3 o Sprague Ave Resurfacing, Park to Vista Based on this information, it is recommended that the 2014 TIP be amended to reflect the deletion of the projects that did not receive funding, include those projects that were not completed in 2013 and have carried over to the 2014 construction season, and those projects added to the 2014 construction season. Since the City uses Real Estate Excise Tax (REET) monies as matching funds for state and federal grants, this amendment to the current-year TIP is necessary to meet the state law that requires REET funds to only be used on projects that have been identified in an adopted plan. Attached is a summary of the proposed changes. OPTIONS: 1) Adopt the proposed Amended 2014 TIP, or 2) provide additional direction to staff. RECOMMENDED ACTION OR MOTION: Move to approve Resolution No. 14-005 adopting the Amended 2014 TIP as presented. BUDGET/FINANCIAL IMPACTS: The projects costs shown in the draft Amended 2014 TIP are estimates. There are sufficient capital project funds to cover the local match for these projects. STAFF CONTACT: Eric Guth, Public Works Director ATTACHMENTS: Amended 2014 TIP; Resolution #14-005 City of Spokane Valley Department of Public Works Adopted 2014 Transportation Improvement Program Primary City Total 2014 Proj.# Project From To Source Amount Project Costs 1 0060 Argonne Road Corridor Improvements 1-90 Trent CMAQ $ 79,000 $ 582,000 2 0123 Mission Ave Improvement Project(PE/RW Only) Flora Barker STP(U) $ 74,000 $ 548,000 3 0141 Sullivan/Euclid Concrete Intersection(PE) Sullivan Euclid STP(U) $ 7,000 $ 52,000 4 0145 Spokane Valley-Millwood Trail(PE Only) SCC Valley Mall STP(E) $ - $ 440,000 5 0155 Sullivan West Bridge#4508 Sullivan @Spokane River BR $ 893,000 $ 8,440,000 6 0156 Mansfield Ave Connection Project(PE/RW Only) Pines(SR 27) Houk St. TIB-UCP $ 13,000 $ 951,000 7 0166 Pines(SR-27)/Grace Intersection Safety Project Pines(SR 27)@ Grace Ave HSIP $ - $ 523,000 8 0176 Appleway Trail Phase 2(RW&CN) University Evergreen CMAQ $ 343,000 $ 2,542,000 9 0177 Sullivan Road Corridor Traffic Study 1-90 Wellesley STP(U) $ 27,000 $ 200,000 10 0180 Sprague Avenue Resurfacing Project Vista Argonne STP(U) $ 91,000 $ 670,000 11 0181 Citywide Traffic Sign Upgrade Various locations QRSP $ - $ 100,000 12 0186 Adams St. Resurfacing Project 4th Sprague CDBG $ 27,000 $ 195,000 13 0187 Sprague Avenue Resurfacing Project Argonne Herald STP(U) $ 98,000 $ 725,000 14 0201 ITS Infill Project Various locations CMAQ $ 4,000 $ 26,000 15 Sidewalk Infill Program-Phase 3 Various locations CMAQ $ 12,000 $ 87,000 16 2014 Street Preservation Project Various locations City $ 2,000,000 $ 2,000,000 $ 3,668,000 $ 18,081,000 Funded Projects Planned Projects City of Spokane Valley Department of Public Works DRAFT AMENDED 2014 Transportation Improvement Program Resolution 14-005,(6-24-2014) Primary City Total 2014 Proj.# Project From To Source Amount Project Costs 1 0060 Argonne Road Corridor Improvements 1-90 Trent CMAQ $ 76,785 $ 568,800 2 0123 Mission Ave Improvement Project(PE/RW Only) Flora Barker STP(U) $ 171,450 $ 1,270,000 3 0141 Sullivan/Euclid Concrete Intersection(PE Only) Sullivan Euclid STP(U) $ 18,900 $ 140,000 4 0142 Broadway @ Argonne/Mullan Conc.Intersections(PE/RW) Broadway @Argonne/Mullan STP(U) $ 21,330 $ 1 58,0 00 5 0145 Spokane Valley-Millwood Trail(PE Only) SCC Valley Mall STP(E) $ - $ 100,000 6 0149 Sidewalk Infill Program-Phase 2 Various locations CMAQ $ 82,000 $ 410,000 7 0155 Sullivan West Bridge#4508 Sullivan @Spokane River BR $ 2,320,000 $ 8,888,189 8 0156 Mansfield Ave Connection Project Pines(SR 27) Houk St. TIB-UCP $ 270,000 $ 1,522,000 9 0159 University Rd/l-90 Overpass Study University 1-90 CMAQ $ 10,000 $ 74,000 10 0166 Pines(SR-27)/Grace Intersection Safety Project Pines(SR 27)@ Grace Ave HSIP $ - $ 640,000 11 0167 Citywide Safety Improvements(Bike/Ped.) Various locations HSIP $ 74,000 $ 472,000 12 0177 Sullivan Road Corridor Traffic Study 1-90 Wellesley STP(U) $ 21,400 $ 166,700 13 0176 Appleway Trail Phase 2(CN) University Evergreen CMAQ $ 343,213 $ 2,199,000 14 0201 ITS Infill Project(PE Only) Various locations CMAQ $ 3,500 $ 26,200 Sidcwalk Infill Program Phase 3 Various locations CMAQ 15 0179 2013 Street Preservation Projects-Phase 2 STP(U) $ 167,400 $ 1,240,000 -Argonne Rd Resurfacing Project Sprague Broadway -Sprague Avenue Resurfacing Project(EB Lanes) Havana 1-90 -Sprague Avenue Resurfacing Project 1-90 Thierman -Sprague Avenue Resurfacing Project Herald University 16 0180 2013 Street Preservation Projects-Phase 3 City $ 300,000 $ 300,000 -Sprague Avenue Resurfacing Project Park Vista 17 0196 -8th Ave Reconstruction Project McKinnon Fancher City $ 300,000 $ 300,000 18 -Appleway Ave Resurfacing Thierman Park City $ 400,000 $ 400,000 19 -Euclid Ave Resurfacing Project Flora Barker City $ 227,000 $ 227,000 20 -Mullan Rd Resurfacing Project Dishman-Mica Broadway City $ 215,000 $ 215,000 21 0181 Citywide Traffic Sign Upgrade Various locations QRSP $ - $ 120,000 22 0186 Adams St. Resurfacing Project 4th Sprague CDBG $ 28,000 $ 202,000 23 0187 Sprague Avenue Resurfacing Project Vista Herald STP(U) $ 185,625 $ 1,375,000 24 0188 Sullivan Rd Resurfacing Project(PE Only) Sprague Mission STP(U) $ 4,580 $ 33,920 25 0191 Vista Rd/BNSF RR Crossing Safety Improvements Vista @ BNSF RR WUTC $ 9,640 $ 45,900 26 Fancher Bridge over BNSF RR Expansion Joint Repair Fancher @ BNSF RR City $ 10,000 $ 10,000 27 0205 Sprague/Barker Intersection Improvements(PE Only) Sprague @ Barker Private $ - $ 55,000 $ 5,259,823 $ 21,158,709 Projects and timeframes identified in the TIP are to be considered estimates only that may change due to a variety of circumstances,and are not intended by the City to be relied upon by property owners or developers in making development decisions. Funded Projects Added Projects 2013 Carry Over Projects P:\Public Works\Capital Projects\CIP-TIP Funding\2014-2019 TIPWmended 2014 TIP\Amended 2014 TIP.xlsx 6/17/2014 DRAFT CITY OF SPOKANE VALLEY SPOKANE COUNTY,WASHINGTON RESOLUTION NO. 14-005 A RESOLUTION OF THE CITY OF SPOKANE VALLEY, SPOKANE COUNTY, WASHINGTON, AMENDING THE 2014 TRANSPORTATION IMPROVEMENT PROGRAM FOR THE CITY OF SPOKANE VALLEY, AND OTHER MATTERS RELATING THERETO. WHEREAS,the Spokane Valley City Council adopted by Resolution No. 13-006,the 2014-2019 Six-Year Transportation Improvement Program (TIP) with such program acting as a guide for the coordinated development of the City's transportation system; and WHEREAS,changes in certain funding sources and project schedules have occurred; and WHEREAS,the attached Amended 2014 TIP incorporates said changes for year 2014; and WHEREAS, the amendments to the 2014 TIP are consistent with Spokane Valley's adopted Comprehensive Plan. NOW THEREFORE, be it resolved by the City Council of the City of Spokane Valley, Spokane County,Washington,as follows: Section 1. The City Council hereby adopts the attached Amended 2014 TIP for the City of Spokane Valley for the purpose of guiding the design,development and construction of local and regional transportation improvements for the year 2014. Projects and timeframes identified in the TIP are to be considered estimates only that may change due to a variety of circumstances, and are not intended by the City to be relied upon by property owners or developers in making development decisions. Section 2. Effective Date. This Resolution shall be in full force and effect upon adoption. Adopted this 24th day of June,2014. City of Spokane Valley Dean Grafos,Mayor ATTEST: Christine Bainbridge, City Clerk Approved as to Form: Office of the City Attorney Resolution 14-005 Amending 2014 TIP CITY OF SPOKANE VALLEY Request for Council Action Meeting Date: June 24, 2014 Department Director Approval: Check all that apply: ❑ consent ❑ old business ® new business ❑ public hearing ❑ information ❑ admin. Report ❑ pending legislation❑ executive session AGENDA ITEM TITLE: Proposed Resolution 14-006: Adoption of the 2015 —2020 Six Year Transportation Improvement Program (TIP) GOVERNING LEGISLATION: RCW 35.77.010, Perpetual advanced six-year plans for coordinated transportation program expenditures. PREVIOUS COUNCIL ACTION TAKEN: Adopted 2014-2019 Six Year TIP last year on June 11, 2013, Resolution #13-006; Info RCA on Draft TIP Project List, April 15, 2014; Admin Report on Draft TIP Project List, May 20, 2014, and a Public Hearing, June 10, 2014. BACKGROUND: The City is required by RCW 35.77.010 to prepare and after public hearing adopt a revised and extended comprehensive transportation program for the ensuing six calendar years. This plan must be adopted by June 30th and submitted to the Washington State Department of Transportation before July 31st of each year. The attached draft Six Year TIP incorporates comments received from the April 15th Council Meeting. Updates include modification of the Sprague/Barker project title to reflect intersection improvements, realigning project schedules to coordinate with Spokane County projects, and updating cost estimates based on recent grant applications. The Sidewalk Infill Phase 3 project was moved to the Unfunded List due to lack of available resources. The Sullivan Resurfacing Projects from Sprague to Broadway and Broadway to Mission have been merged into a single project to be completed in 2015. Added Projects: 1. Barker Rd Improvement Project, Appleway to 1-90 — Moved up in schedule due to WSDOT's interchange project. 2. Sprague/Long Sidewalk Project— Funding Received from CDBG 3. Sprague/Barker Intersection Improvements — Beginning design with Developer funds. 4. Pines (SR27)/BNSF Underpass — Moved up in schedule at council's request. Rescheduled Projects: 1. Barker/BNSF Grade Separation — Moved up to accommodate TIGER 6 grant obligation deadline. 2. Fancher/BNSF RR Overpass Bridge Joint Repair Project — CN delayed to 2015 from 2014 to take advantage of grant opportunity. 3. Broadway/Argonne/Mullan Concrete Intersection — Delayed to align with potential STP funding availability. 4. Mission Ave Improvement — Flora to Barker (CN) - Delayed to align with potential STP funding availability. 5. Appleway Trail Phase 3 — Evergreen to Corbin - Delayed to align with future funding opportunities. 6. Appleway Trail Phase 4 — University to Park/Library Site - Delayed to align with future funding opportunities. 7. Barker Rd Improvement — Spokane River to Euclid — Delayed to align with future funding opportunities. 8. Park Road #2 Improvement— Broadway to Indiana (RW & CN) - Delayed to align with future funding opportunities. Staff reviewed historical funding levels for federal, state and City funds from the past ten years to estimate projected funding levels available during the next six years. This is done because the final adopted Six-Year TIP is required to be fiscally constrained and reflect realistic expectations of annual funding levels. Other needed and worthwhile projects that do not fit within the limited amount of funding anticipated from state, federal and local (non-City) grants and City revenues are listed in the Unfunded Projects List. Based on council discussion, staff will continue to develop the TIP centered on Council priorities and goals. This draft should be considered a 'work in progress'. It may be updated again after receiving comments from the Public Hearing. A Proposed Resolution to adopt the Plan is scheduled for June 24, 2014. OPTIONS: 1) Adopt the 2015-2020 Six Year TIP as presented, or 2) Adopt the 2015-2020 Six Year TIP with revisions RECOMMENDED ACTION OR MOTION: Move to approve Resolution No. 14-006, adopting the 2015-2020 Six Year TIP as presented. BUDGET/FINANCIAL IMPACTS: The proposed TIP has been developed to account for historical levels of state and federal grant funding assistance. Staff will coordinate with the Finance Department as projects identified in the TIP move forward and as grant opportunities become available to ensure local match requirements can be met. STAFF CONTACT: Eric Guth, P.E. - Public Works Director ATTACHMENTS: 1) Resolution #14-006 2) 2015-2020 Six Year TIP 3) Map of 2015-2020 Six Year TIP Projects City of Spokane ValleyS""o1 ane Public Works Department Valley DRAFT 2015 - 2020 Six Year Transportation Improvement Program .v Resolution 14- ' - . -4 ♦ .y 4 .Y�.y I rs 1~ • I' _. 31 ,"'.3 ^� S 13. yy7y�- '' .. cif ..,0'''''eT'''' '' 00—., n ‘icm. 'r .. a ate, • ,L,'„,•.4' !4 °•yg n_ -. 4 it.:.. 0. . , /,00,. ...._ , _ x. • City of Spokane Valley Department of Public Works 2015 - 2020 Six-Year Spokane Transportation Improvement ProgramVa11ey" Glossary & Abbreviations Fundinci Sources: • ARRA American Recovery & Reinvestment Act Fundinci Status: • BR Bridge Replacement Program • S Project Funding is Secured • City City Funds • P Project Funding is Planned. The Most • CDBG Community Development Block Grant Probable Funding Sources have been • CMAQ Congestion Management/Air Quality Identified. • Developers Private Developer Funds • EECBG Energy Efficiency and Conservation Block Grant Project Phases: • FHWA Federal Highway Administration • PE Preliminary Engineering • FMSIB Freight Mobility Strategic Investment Program • RW Right-of-Way • HUD Housing & Urban Development • CN Construction • REET Real Estate Excise Tax • Other Fed Misc. Federal Funding Sources Construction Type: • Other RR Railroad Funding • PCC Portland Cement Concrete • Other State Misc. State Funding Sources • HMA Hot Mix Asphalt • SP TIB Sidewalk Program • ITS Intelligent Transportation System • SRTS Safe Routes to School (Integrated Traffic Signal Control Systems) • SW City Stormwater Funds • STA Spokane Transit Authority Street Functional Classifications: • STP(E) Surface Transportation Program (Enhancement) Urban: • STP(U) Surface Transportation Program (Urban) • 14 Principal Arterial • TA Transportation Alternatives • 16 Minor Arterial • TIB Transportation Improvement Board • 17 Collector Arterial • UAP TIB Urban Arterial Program • 19 Local Access • UCP TIB Urban Corridor Program • WSDOT Washington Department of Transportation • WTSC Washington Traffic Safety Commission • WUTC Washington Utilities &Transportation Commission CBT,0.••••#\.....„, D raft 2015 - 2020 SpokaneSix-Year Transportation Improvement Program ......*Valley Dollars in Thousands Funding Project/Description/Current Status Length PE RW CN Total Sources 2015 2016 2017 2018 2019 2020 Total 1 Argonne Rd Corridor Upgrade- 190 to Trent 0.38 0 0 631 630 City 253 253 S CMAQ 377 377 Revise Signal Phasing,Add NB Right Turn Lane at Montgomery, Intersection Improvements at Knox Funding Secured(SRTC 06-31),City Project#0060 Project Total 630 630 2 Spokane Valley-Millwood Trail- Felts Field to 6.5 492 0 0 491 City S Evergreen Rd (PE) STP(E) 248 243 491 Construct Shared Use Pathway on abandoned Railroad Right-of-way PE Funded; SRTC#TE10-04; City Project#0145 Project Total 248 243 491 3 Sullivan Road West Bridge 0.08 0 0 8,440 8,440 BR 2,852 2,852 S City 893 893 FMSIB 1,000 1,000 Reconstruct and widen west(southbound)bridge Other 1,945 1,945 Fed UCP 1,750 1,750 Recv'd FMSIB, BR&TIB grants; City Project#0155 Project Total 8,440 8,440 Projects and timeframes identified in the TIP are to be considered estimates only that may change due to a variety of circumstances,an, are not intended by the City to be relied upon by property owners or developers in making development decisions. 5/14/2014 Page 1 Draft 2015 - 2020 (,,,o Spokane Six-Year Transportation Improvement Program .00110 Valley Dollars in Thousands Funding Project/Description/Current Status Length PE RW CN Total Sources 2015 2016 2017 2018 2019 2020 Total 4 Citywide Safety Improvements 0 0 0 31 31 City S Other 21 21 Fed Other 10 10 Fed Signal,pedestrian, bike&sign retrofit safety improvements HSIP&QRSP funded; City Project#0167 Project Total 31 31 5 Sprague/Barker Intersection Improvements 0 0 12 422 434 City 12 422 434 p Develop ers Intersection improvements to improve capacity PE funded with Developer fees Project Total 12 422 434 6 ITS Infill Project 0 0 0 301 301 City 41 41 S CMAQ 260 260 Installs Fiber along University(4th to 16th), Fancher(Sprague to Broadway)and Broadway(Fancher to Park) CMAQ Funded,City#0201 Project Total 301 301 7 Sprague/Long Sidewalk Project 0.2 0 0 236 236 City S CDBG 236 236 Construct new sidwalk along south side of Sprague(Appleway to Arties Ln)and east side of Long(Sprague to school) CDBG Funded Project Total 236 236 Projects and timeframes identified in the TIP are to be considered estimates only that may change due to a variety of circumstances,an, are not intended by the City to be relied upon by property owners or developers in making development decisions. 5/14/2014 Page 2 X11 o Draft 2015 - 2020 Spokane Six-Year Transportation Improvement Program .00110 Valley Dollars in Thousands Funding Project/Description/Current Status Length PE RW CN Total Sources 2015 2016 2017 2018 2019 2020 Total 8 2015 Street Preservation Project 0.26 50 0 1,950 2,000 City 2,000 2,000 P Project Total 2,000 2,000 9 Barker Road/BNSF Grade Separation 0 2,050 1,799 25,351 29,200 City 308 602 1,250 750 2,910 P Other 180 540 720 Fed Other 1,500 1,706 1,218 731 5,155 State Construct Grade Separation at Barker/BNSF RR/Trent(SR290) Other- 69 172 104 345 RR Other 3,000 7,500 4,500 15,000 Fed FY09 Federal Earmark for$720K,20%of CN(up to$10M)received from FMSIB FMSIB 1,014 2,535 1,521 5,070 Project Total 1,988 6,931 12,675 7,606 29,200 10 Bowdish Sidewalk-8th to 12th 0.25 48 10 380 438 City 6 52 58 p SRTS 46 334 380 Construct sidewalk along both sides of Bowdish Project Total 52 386 438 Projects and timeframes identified in the TIP are to be considered estimates only that may change due to a variety of circumstances,an, are not intended by the City to be relied upon by property owners or developers in making development decisions. 5/14/2014 Page 3 Draft 2015 - 2020 (,,,o Spokane Six-Year Transportation Improvement Program .00110 Valley Dollars in Thousands Funding Project/Description/Current Status Length PE RW CN Total Sources 2015 2016 2017 2018 2019 2020 Total 11 Park Road Sidewalk Project-Sinto Ave.to 0.44 51 10 410 471 City 8 55 63 p Indiana Ave. SRTS 53 355 408 Construct sidewalk along east side of Park Road from 200-ft S.of Sinto to Indiana Ave.and 165-ft gap on Mission Ave. east of Park Rd Project Total 61 410 471 12 Sullivan Corridor ITS- 1-90 to Trent(SR 290) 1.75 105 0 809 914 City 14 109 123 S CMAQ 91 700 791 Extend ITS conduit and contols along Sullivan Corridor CMAQ funded, Project Total 105 809 914 13 Sullivan Road Resurfacing-Sprague to Mission 0.67 82 0 1,074 1,156 City 156 156 S STP(U) 1,000 1,000 Grind/Overlay; OCI:31.2;OCI:32.49 STP Funded Project Total 1,156 1,156 14 Fancher/BNSF RR Overpass Joint Repair 0 29 0 172 200 City p Project BR 200 200 Repair bridge joints on RR overpass Project Total 200 200 Projects and timeframes identified in the TIP are to be considered estimates only that may change due to a variety of circumstances,an, are not intended by the City to be relied upon by property owners or developers in making development decisions. 5/14/2014 Page 4 o Draft 2015 - 2020 Sc,,,pokane Six-Year Transportation Improvement Program ValleyDollars in Thousands Funding Project/Description/Current Status Length PE RW CN Total Sources 2015 2016 2017 2018 2019 2020 Total 15 2016 Street Preservation Project 0 50 0 1,950 2,000 City 2,000 2,000 P Project Total 2,000 2,000 16 Barker Rd Improvements-South City Limits to 0.81 326 25 2,502 2,853 City 47 338 385 p Appleway STP(U) 304 2,164 2,468 Widen and Improve roadway to 3-lane urban section Project Total 351 2,502 2,853 17 2017 Street Preservation Project 0 30 0 1,370 1,400 City 1,400 1,400 P Project Total 1,400 1,400 18 Broadway @ Argonne/Mullan Concrete 0 0 0 1,703 1,703 City 230 230 p Intersections(CN Only) STP(U) 1,473 1,473 Reconstruct intersections in concrete pavement Project Total 1,703 1,703 Projects and timeframes identified in the TIP are to be considered estimates only that may change due to a variety of circumstances,an, are not intended by the City to be relied upon by property owners or developers in making development decisions. 5/14/2014 Page 5 Draft 2015 - 2020 (,,,o Spokane Six-Year Transportation Improvement Program .00110 Valley Dollars in Thousands Funding Project/Description/Current Status Length PE RW CN Total Sources 2015 2016 2017 2018 2019 2020 Total 19 Saltese/Sullivan Traffic Signal 24 0 226 250 City 62 62 p Spo.Co. 188 188 Develop ers Improvements to Intersection, Install Traffic Signal(In coordination w/Spokane County) In Coordination w/Spokane County, COSV only responsible for 1/4 of Project Cost Project Total 250 250 20 Sullivan/Euclid Concrete Intersection (RW/CN) 0 0 0 2,128 2,128 City 287 287 p STP(U) 1,841 1,841 Reconstruct intersection in concrete pavement Project Total 2,128 2,128 21 2018 Street Preservation Project 0 30 0 1,370 1,400 City 1,400 1,400 P Project Total 1,400 1,400 22 Appleway Trail Phase 3- Evergreen to Corbin 2.35 214 0 2,860 3,074 City 29 386 415 p CMAQ 185 2,474 2,659 Construct Shared Use Pathway along abandoned Railroad Right-of-Way Project Total 214 2,860 3,074 Projects and timeframes identified in the TIP are to be considered estimates only that may change due to a variety of circumstances,an, are not intended by the City to be relied upon by property owners or developers in making development decisions. 5/14/2014 Page 6 o Draft 2015 - 2020 SX11pokane Six-Year Transportation Improvement Program ValleyDollars in Thousands Funding Project/Description/Current Status Length PE RW CN Total Sources 2015 2016 2017 2018 2019 2020 Total 23 Argonne Road Concrete Pavement- 1-90 to 0.25 512 0 3,211 3,723 City 69 433 502 p Montgomery STP(U) 443 2,778 3,221 Reconstruct pavement in concrete; OCI:40.35(2012) Project Total 512 3,211 3,723 24 Mission Ave.- Flora Rd.to Barker Rd. (CN) 1 0 0 3,697 3,697 City 499 499 P UAP 1,599 1,599 STP(U) 1,599 1,599 Widen&Overlay with curb,sidewalks,bike lanes and stormwater facilities Project Total 3,697 3,697 25 Spokane Valley-Millwood Trail- Felts Field to 6.5 0 100 4,280 4,380 City 14 289 289 592 p Evergreen Rd (RW&CN) TA 86 1,851 1,851 3,788 Construct Shared Use Pathway on abandoned Railroad Right-of-way Project Total 100 2,140 2,140 4,380 26 2019 Street Preservation Project 0 30 0 1,370 1,400 City 1,400 1,400 P Project Total 1,400 1,400 Projects and timeframes identified in the TIP are to be considered estimates only that may change due to a variety of circumstances,an, are not intended by the City to be relied upon by property owners or developers in making development decisions. 5/14/2014 Page 7 .-1(11Yor Draft 2015 - 2020 Spokane Six-Year Transportation Improvement Program .00110 Valley Dollars in Thousands Funding Project/Description/Current Status Length PE RW CN Total Sources 2015 2016 2017 2018 2019 2020 Total 27 Appleway Trail Phase 4- University Rd. to 0.5 100 400 700 1,200 City 68 94 162 p Balfour Park TA 432 606 1,038 Extend Shared Use pathway to Balfour Park Project Total 500 700 1,200 28 Park Road#2- Broadway to Indiana (RW&CN) 0.75 0 150 2,877 3,027 City 20 388 408 P STP(U) 130 2,489 2,619 Reconstruct to a 3-lane section with curb,sidewalks,bike lanes and stormwater facilities Project Total 150 2,877 3,027 29 Barker Rd Improvement Project-Appleway to l- 0.28 382 1,146 2,397 3,629 City 167 324 491 p 90 STP(U) 1,065 2,073 3,138 Widen and improve to 5-lane urban section, Roundabout @ Broadway, Realign east leg of Broadway Project Total 1,232 2,397 3,629 30 Pines(SR27)/BNSF Underpass-(PE only) 0 1,500 0 0 1,501 City 128 128 p STP(U) 1,298 1,298 Other- 75 75 RR Railroad underpass at Pines(SR-27)/BNSF/Trent Project Total 1,501 1,501 Projects and timeframes identified in the TIP are to be considered estimates only that may change due to a variety of circumstances,an, are not intended by the City to be relied upon by property owners or developers in making development decisions. 5/14/2014 Page 8 Draft 2015 - 2020 (,,,o Spokane Six-Year Transportation Improvement Program .00110 Valley Dollars in Thousands Funding Project/Description/Current Status Length PE RW CN Total Sources 2015 2016 2017 2018 2019 2020 Total 31 Barker Rd-Euclid to 0.1 mi. S.of Trent Ave 0.75 471 100 0 571 City 114 114 p (SR290) UAP 457 457 Reconstruct Barker to 3-lane urban section Project Total 571 571 32 Barker Rd Improvement Project-Spokane 0.53 378 25 0 403 City 81 81 p River to Euclid UAP 322 322 Reconstruct and widen to 3-lane urban section Project Total 403 403 33 Broadway Improvement Project- Flora to 0 543 1,000 0 1,543 City 309 309 p Barker UAP 1,234 1,234 Extend Broadway arterial to Barker Rd, Realign Broadway connection east of Barker Project Total 1,543 1,543 34 Sullivan Road North Extension (Bigelow Gulch) 0.25 0 0 55 55 City 55 55 P Reconstruct and widen the Sullivan Road extension north also known as Bigelow Gulch Road to a 4-lane roadway with 8-foot shoulders and a 12-foot two way left turn lane. Cost reflect City share of project, not total project costs Project Total 55 55 Projects and timeframes identified in the TIP are to be considered estimates only that may change due to a variety of circumstances,an, are not intended by the City to be relied upon by property owners or developers in making development decisions. 5/14/2014 Page 9 S,,,Of Draft 2015 - 2020 Spokane Six-Year Transportation Improvement Program .0000 Valley Dollars in Thousands Funding Project/Description/Current Status Length PE RW CN Total Sources 2015 2016 2017 2018 2019 2020 Total 35 2020 Street Preservation Project 0 30 0 1,370 1,400 City 1,400 1,400 P Project Total 1,400 1,400 Totals: 7,527 4,777 74,273 86,577 15,460 11,201 18,507 16,031 11,493 13,587 86,279 Projects and timeframes identified in the TIP are to be considered estimates only that may change due to a variety of circumstances,an, are not intended by the City to be relied upon by property owners or developers in making development decisions. 5/14/2014 Page 10 c,,,4 Draft 2015 - 2020 SpOkariQ Six-Year Transportation Improvement Program . valley Six-Year Transportation Improvement Program Totals Secured Projects Planned Projects Totals Year Federal State Other City Total Federal State Other City Total Federal State Other City Total 2015 $7,040 $2,750 $0 $1,357 $11,147 $479 $1,500 $0 $2,334 $4,313 $7,519 $4,250 $0 $3,691 $15,460 2016 $943 $0 $0 $109 $1,052 $4,229 $2,720 $69 $3,131 $10,149 $5,172 $2,720 $69 $3,240 $11,201 2017 $0 $0 $0 $0 $0 $11,118 $3,753 $360 $3,276 $18,507 $11,118 $3,753 $360 $3,276 $18,507 2018 $0 $0 $0 $0 $0 $8,977 $3,851 $104 $3,099 $16,031 $8,977 $3,851 $104 $3,099 $16,031 2019 $0 $0 $0 $0 $0 $8,730 $0 $0 $2,763 $11,493 $8,730 $0 $0 $2,763 $11,493 2020 $0 $0 $0 $0 $0 $8,317 $2,013 $75 $3,182 $13,587 $8,317 $2,013 $75 $3,182 $13,587 Total $7,983 $2,750 $0 $1,466 $12,199 $41,850 $13,83 $608 $17,785 $74,080 $49,833 $16,587 $608 $19,251 $86,279 7 Projects and timeframes identified in the TIP are to be considered estimates only that may change due to a variety of circumstances, and are not intended by the City to be relied upon by property owners or developers in making development decisions. 5/14/2014 Page 1 City of Spokane Valley Department of Public Works Six Year Transportation Improvement Program Projects w/No Currently Identified Local Match Within Existing Resources Dollars in Thousands Project Name Description Total Cost Sidewalk Infill Program, Phase 3 Completes gaps in sidewalk system throughout $0 City,ADA upgrades Bowdish Road-16th to Sprague Sprague to 8th: Inlay&Enhancement;8th to $2,858 16th: Reconstruct as 2-lane section w/curb, sidewalk,bike lanes and new stormwater facilities Bowdish Road-24th to 16th Reconstruct Roadway as 2-lane section w/curb, $2,846 sidewalk and new stormwater facilities; Bowdish Road-32nd to 24th Reconstruct Roadway as 2-lane section w/curb, $2,637 sidewalk and new stormwater facilities; Bowdish Sidewalk- 12th to 16th Construct Sidewalk along both sides of Bowdish $557 Greenacres Trail-Sullivan to E City Construct Shared Use Pathway on abandoned $1,095 Limits(RW&CN) railroad right-of-way Park Road#2 Sidewalk Project- Construct sidewalk along one side of Park Road $143 Marietta Ave.to Buckeye Ave. and 160-ft gap on north side of Buckeye Ave east of Park Road Park Road/BNSF Grade Separation Reconstruct Park Road to separate the grades of $16,520 Park Road and the BNSF railroad tracks. Pavement Management Program- Annual street preservation projects $11,664 Local Access Pines Corridor ITS-Sprague to 16th Traffic Signal Control System for Corridor $785 Pines(5R27)/BNSF Underpass Construct grade separation at Pines Rd(SR-27)/ $42,000 (RW,CN Only) Trent Ave(SR 290)/BNSF RR Sprague/Argonne-Mullan Concrete Reconstruct intersections in concrete pavement $2,342 Intersections Sprague/Fancher Concrete Reconstruct Intersection in concrete pavement $1,572 Intersection Sprague/Thierman Concrete Reconstruct intersection in concrete pavement $1,243 Intersection Sprague/University Concrete Reconstruct intersection in concrete pavement. $1,660 Intersection Sullivan/Kiernan Concrete Reconstruct Intersection in concrete pavement $1,423 Intersection Sullivan/Marietta Concrete Reconstruct intersection in concrete pavement $1,493 Intersection Sullivan Rd/BNSF Grade Upgrade and widen grade separation at $45,000 Separation Improvements Sullivan/BNSF/Trent(SR290) Wellesley Realignment @ Realign connection of Wellesley to Barker Rd and $5,187 Barker/SR290 SR290,3-lane section, Part of Barker/BNSF Grade Separation Totals: $141,025 Projects and timeframes identified in the TIP are to be considered estimates only that may change due to a variety of circumstances,and are not intended by the City to be relied upon by property owners or developers in making development decisions. Wednesday,May 14,2014 Page 1 of 1 City of Spokane Valley Department of Public Works Total Project Costs (Including costs before and beyond the six years of this TIP) Projects Listed by Category for the 2015-2020 Six-Year TIP Dollars in Thousands Project Name Description City Cost Total Cost 2020 Street Preservation Project $1,400 $1,400 Total: $1,400 $1,400 Arterial Improvements Project Name Description City Cost Total Cost Barker Rd Improvements-South Widen and Improve roadway to 3- $385 $2,853 City Limits to Appleway lane urban section Mission Ave.-Flora Rd.to Barker Widen&Overlay with curb, $499 $3,697 Rd.(CN) sidewalks, bike lanes and stormwater facilities Park Road#2-Broadway to Indiana Reconstruct to a 3-lane section with $418 $3,102 (RW&CN) curb,sidewalks,bike lanes and stormwater facilities Barker Rd Improvement Project- Widen and improve to 5-lane urban $491 $3,925 Appleway to 1-90 section, Roundabout @ Broadway, Realign east leg of Broadway Pines(5R27)/BNSF Underpass- Railroad underpass at Pines(SR-27) $255 $3,000 (PE only) /BNSF/Trent Barker Rd-Euclid to 0.1 mi.S.of Reconstruct Barker to 3-lane urban $837 $4,184 Trent Ave(SR290) section Barker Rd Improvement Project- Reconstruct and widen to 3-lane $661 $3,302 Spokane River to Euclid urban section Broadway Improvement Project- Extend Broadway arterial to Barker $1,142 $5,706 Flora to Barker Rd, Realign Broadway connection east of Barker Sullivan Road North Extension Reconstruct and widen the Sullivan $55 $55 (Bigelow Gulch) Road extension north also known as Bigelow Gulch Road to a 4-lane roadway with 8-foot shoulders and a 12-foot two way left turn lane. Total: $4,743 $29,824 Projects and timeframes identified in the TIP are to be considered estimates only that may change due to a variety of circumstances,and are not intended by the City to be relied upon by property owners or developers in making development decisions. Wednesday,May 14,2014 Page 1 of 4 City of Spokane Valley Department of Public Works Total Project Costs (Including costs before and beyond the six years of this TIP) Projects Listed by Category for the 2015-2020 Six-Year TIP Dollars in Thousands Bridge Projects Project Name Description City Cost Total Cost Sullivan Road West Bridge Reconstruct and widen west $2,360 $19,750 (southbound)bridge Barker Road/BNSF Grade Construct Grade Separation at $2,910 $29,200 Separation Barker/BNSF RR/Trent(SR290) Fancher/BNSF RR Overpass Joint Repair bridge joints on RR overpass $0 $201 Repair Project Total: $5,270 $49,151 Congestion Improvements Project Name Description City Cost Total Cost Argonne Rd Corridor Upgrade-190 to Revise Signal Phasing,Add NB $434 $1,550 Trent Right Turn Lane at Montgomery, Intersection Improvements at Knox Sprague/Barker Intersection Intersection improvements to $434 $489 Improvements improve capacity Total: $868 $2,039 Projects and timeframes identified in the TIP are to be considered estimates only that may change due to a variety of circumstances,and are not intended by the City to be relied upon by property owners or developers in making development decisions. Wednesday,May 14,2014 Page 2 of 4 City of Spokane Valley Department of Public Works Total Project Costs (Including costs before and beyond the six years of this TIP) Projects Listed by Category for the 2015-2020 Six-Year TIP Dollars in Thousands Pedestrian/Bicycle Program Project Name Description City Cost Total Cost Spokane Valley-Millwood Trail-Felts Construct Shared Use Pathway on $0 $497 Field to Evergreen Rd(PE) abandoned Railroad Right-of-way Sprague/Long Sidewalk Project Construct new sidwalk along south $13 $283 side of Sprague(Appleway to Arties Ln)and east side of Long(Sprague to school) Bowdish Sidewalk-8th to 12th Construct sidewalk along both sides $58 $438 of Bowdish Park Road Sidewalk Project-Sinto Construct sidewalk along east side of $63 $471 Ave.to Indiana Ave. Park Road from 200-ft S.of Sinto to Indiana Ave.and 165-ft gap on Mission Ave.east of Park Rd Appleway Trail Phase 3-Evergreen Construct Shared Use Pathway $415 $3,074 to Corbin along abandoned Railroad Right-of- Way Spokane Valley-Millwood Trail-Felts Construct Shared Use Pathway on $592 $4,380 Field to Evergreen Rd(RW&CN) abandoned Railroad Right-of-way Appleway Trail Phase 4-University Extend Shared Use pathway to $162 $1,200 Rd.to Balfour Park Balfour Park Total: $1,303 $10,343 Safety Program Project Name Description City Cost Total Cost Citywide Safety Improvements Signal, pedestrian, bike&sign $0 $674 retrofit safety improvements Saltese/Sullivan Traffic Signal Improvements to Intersection, Install $62 $250 Traffic Signal(In coordination w/ Spokane County) Total: $62 $924 Projects and timeframes identified in the TIP are to be considered estimates only that may change due to a variety of circumstances,and are not intended by the City to be relied upon by property owners or developers in making development decisions. Wednesday,May 14,2014 Page 3 of 4 City of Spokane Valley Department of Public Works Total Project Costs (Including costs before and beyond the six years of this TIP) Projects Listed by Category for the 2015-2020 Six-Year TIP Dollars in Thousands Street Preservation Projects Project Name Description City Cost Total Cost 2015 Street Preservation Project $2,000 $2,000 Sullivan Road Resurfacing-Sprague Grind/Overlay;OCI: 31.2;OCI:32.49 $156 $1,156 to Mission 2016 Street Preservation Project $2,000 $2,000 2017 Street Preservation Project $1,400 $1,400 2018 Street Preservation Project $1,400 $1,400 2019 Street Preservation Project $1,400 $1,400 Total: $8,356 $9,356 Street Reconstruction Projects Project Name Description City Cost Total Cost Broadway @ Argonne/Mullan Reconstruct intersections in concrete $230 $1,703 Concrete Intersections(CN Only) pavement Sullivan/Euclid Concrete Reconstruct intersection in concrete $287 $2,128 Intersection(RW/CN) pavement Argonne Road Concrete Pavement- Reconstruct pavement in concrete; $502 $3,723 1-90 to Montgomery OCI:40.35(2012) Total: $1,019 $7,554 Traffic Operations and Maintenance Project Name Description City Cost Total Cost ITS Infill Project Installs Fiber along University(4th to $45 $327 16th), Fancher(Sprague to Broadway)and Broadway(Fancher to Park) Sullivan Corridor ITS-1-90 to Trent Extend ITS conduit and contols along $123 $914 (SR 290) Sullivan Corridor Total: $168 $1,241 Overall Total: $23,189 $111,832 Projects and timeframes identified in the TIP are to be considered estimates only that may change due to a variety of circumstances,and are not intended by the City to be relied upon by property owners or developers in making development decisions. Wednesday,May 14,2014 Page 4 of 4 City of Spokane 1:101ey _ :,IN`,d 2015 - 2020 Six YeaP II :eyI! '-�-anRoa hExten ion Ba ker Roatl w=/ E Wellesley � �(Bigelow Gatch) �•�—BNSF Gratle Separation °\ME � Ileo lsk �� e. �� °� p,:.. Barker Road rilW 791 T Eacl B 0.1 nile south 0_ �. �m � O of Trent(SR 290) Sallie n/Eaclitl _IIIIII�� 91 �r � Concrete Intersectio �w �mi' �� Euclid ---- 11111. Spokane Valley-MSlwootliroS / === �EUChd /. ■ Felts Field to Evergreen _ - i`�es(SR2n lIll� 1��.� orow� '� Barker Road ;IY"":MIll�� "�'' ® BNSF Untlerpass � i — Spokane Riverto Eaclitl DJ Salliean Comtlor lis F/ � "� �� Intlianato ireM(SR 290)�E6t_�>`�1lugonne Roatl' �� Mansfield m � 1lk p otolrent ; 11111�� I diana^ ��■ ! � � Sall van Roatl u �� `�_.' ` �� i .1 II• - 0�■ J` _— We Bntl9e ' :u'Y Argonne Roatl — — 1I ___-- 1 � ' • • � —�_—.' � ■■ �A concrete I■� � Mission 3 �► � - ■r■■�,�■�■�I I-90 to Montgomery ' -� �O /� \I� 1 j SI Park Road Sidewalk Project �� O �� ■■ `� .--��■:A0 �/ji v CI�=Snb to Indiana ��a� —�_ _� �7♦``Ba�efR emeM t �❑ ��41111m- mm•miletiN■■�1-•U- n� a 1A �__ �' oato 1-90 a Project Panther/BNSFRR Overpass O. II Broadway . �_1�pyplewayto 190 Jo cRepair/ Protect j ; -_ �I,CI,■III.� Broadway/ ��I�;IIIIIIII, �_ � �`�� __ ■.■■■ Ar S.Mullan 1 "Sullivan Roatlssion cn I♦ S ��t • �� Concrete Intersections MA . • �III� 1� Spragae to Mission 9 �ligg' �Pragae/Barker --^ 111 1 ■ .,_ �� ci Intersection Improvements !!� Afii j_ Park Roatl%2 � r* Provemen ■■ =BroadwaYto lntliana ■, APPIewaYirailPhase4 �_��, W�� ITS lMill Project R111 _ ` Barker Road �, yl, II1�r Unrversityto BalfoarPak `111,EMI. El I ��—� „raw=.I�•Soalh City Limits to Appleway -1■■=■■-0 7 ^7\�I= ■ �■n��i'■ice-1� SPra9ae/Long r A. MN ■ ■■��N y � ■■ ■. V Sidewalk Project• � � f��i ■m■■��s �-. ®� 1=111111111.2111M1 ■ in== �� • ApplewayiralPhase3 C NA , mi„.4, �C�iii�E �v _ n nu \i�\ ='■ 1�� --■EEE'r �.r ver9reen ~ - E to Corbn �� .�� 2.I �� ,.._,,...m..ce— m _11 � Imllillll _ � v�..V.�. . N o ■1 .�+� .�- halk �1 I I �f ■ ■1 163 owdishihj117 ' 0 3 ■ ■. <0 .�`�„��`w` v� .ter '�i �\� ._...� . �� 1 11 =r�.-t l�`� >f ,L 7�.... .— 2 -i th r \s1:-vii sE,�- , 1 1 ■�I■/ ,..41/ ...= �� . ��, ritas..."-P"....:023,...,..' �1W lath �s /Salliean ■ ��EB 47 ■■ =5,—.. ��—S I7 ialfi 59na1 it A`* �_== ====—I_I (-- _t...im Legend 1/ _ *me Project Year 2015 2018 �� ti, 3 1 2016 ED2019 t rr�OF" __ —� CU/ IN ii ►kane 2017 2020 \/ 11�] �� Note: alley k.„„,,,,, ... Citywide Safety Improvement Projects and 2015-2020 Street Preservation Projects not shown on this map. June 4,2014 \ U` yYWl� �l-/ Vile, DRAFT CITY OF SPOKANE VALLEY SPOKANE COUNTY,WASHINGTON RESOLUTION NO. 14-006 A RESOLUTION OF THE CITY OF SPOKANE VALLEY, SPOKANE COUNTY, WASHINGTON, ADOPTING THE 2015-2020 SIX YEAR TRANSPORTATION IMPROVEMENT PROGRAM FOR THE CITY OF SPOKANE VALLEY, AND OTHER MATTERS RELATED THERETO. WHEREAS, to provide for the proper and necessary development of the street system within the City of Spokane Valley, the City shall, as required by State law, develop and adopt annually a Six-Year Transportation Improvement Program ("TIP") with such program acting as a guide for the coordinated development of the City's transportation system; and WHEREAS, the TIP of the City shall specifically set forth those projects and programs of both City and regional significance that benefit the transportation system and promote public safety and efficient vehicle movements; and WHEREAS, the Six Year TIP shall be consistent with the City Comprehensive Plan and be adopted following one or more public hearings before the City Council; and WHEREAS, a draft copy of the Six Year TIP was submitted to the Washington State Department of Commerce and has been reviewed and approved prior to the scheduled adoption of the TIP in accordance with RCW 36.70A.106; and WHEREAS, the City Council conducted a public hearing on June 10, 2014, for the purpose of inviting and receiving public comment on the proposed Six Year TIP. NOW THEREFORE,be it resolved by the City Council of the City of Spokane Valley, Spokane County,Washington, as follows: The City Council hereby adopts the attached Six Year TIP for the City of Spokane Valley for the purpose of guiding the design, development and construction of local and regional transportation improvements for the years 2015 through 2020. The City Clerk is directed to file the 2015-2020 Six-Year Transportation Improvement Program with the Washington State Secretary of Transportation not later than June 30. The TIP shall be reviewed at least annually for the purpose of determining the work to be accomplished under the program and the City transportation requirements. Adopted this 24th day of June,2014. City of Spokane Valley Dean Grafos,Mayor ATTEST: Christine Bainbridge, City Clerk Approved as to Form: Office of the City Attorney Resolution 14-006,Adopting Six-Year TIP CITY OF SPOKANE VALLEY Request for Council Action Meeting Date: June 24, 2014 Department Director Approval: Item: Check all that apply: ❑ consent ❑ old business ® new business ❑ public hearing ❑ information ❑ admin. report ❑ pending legislation AGENDA ITEM TITLE: Motion Consideration: Bid Award, Phase 2 - Sullivan Road West Bridge Replacement Project #0155 GOVERNING LEGISLATION: PREVIOUS COUNCIL ACTION TAKEN: Approved Freight Mobility Strategic Investment Board (FMSIB) Applications on May 25, 2010; Admin Report on March 8, 2011; Admin Report on August 23, 2011; Admin Report on Temporary Repairs on September 20, 2011; Info Memo on TIGER III Grant Application on September 27, 2011; Approval of surveying and topographic mapping contract with CH2M HILL on November 1, 2011; Info Memo on TIGER IV Grant Application on February 14, 2012; Authorized execution of Supplemental Agreement Number 1 with CH2M HILL for Preliminary Design services; Info RCA regarding the Final Design Scope of Work on July 24, 2012; Approved Final Design Phase Contract with CH2M HILL on July 31, 2012; Info RCA on November 6, 2012; Motion to Approve on November 13, 2012 regarding the De Minimus Determination on Impacts to Sullivan Park and Centennial Trail; Approval of award of Sullivan Park Improvements project, Phase 1-Sullivan Road West Bridge Replacement on August 27, 2013; and Info RCA on February 25, 2014. BACKGROUND: The Sullivan Road West Bridge Replacement Project is divided into two phases. The Phase 1 - Sullivan Park Improvements Project enlarged the usable space in the park so as to provide the same function and continued public use of the park while a portion of the park is occupied by the bridge contractor for construction of the new bridge. The Phase 1 project is physically complete. The Phase 2 - Sullivan Road West Bridge Replacement project replaces the existing two-lane southbound Sullivan Road Bridge over the Spokane River with a new four-lane bridge. CH2M HILL, the City's design consultant, prepared the plans, specifications and bid package for the Phase 2 - Sullivan Road West Bridge Replacement project. Bids were advertised on May 16, and May 23, 2014, both locally and in Seattle, and opened on Friday, June 13, 2014. Two bids were received; Garco Construction, Inc. with the low bid of $11,748,574.98 and Apollo, Inc. with a bid of$15,264,090.86. The Engineer's Estimate is $12,956,387. After review of the bid packages, Garco Construction, Inc. has been deemed to be the lowest responsive, responsible bidder. WSDOT has provided its concurrence with this finding. A copy of the bid tabulation is attached. OPTIONS: 1) Award the contract to the lowest responsive and responsible bidder, 2) reject all bids and direct staff to re-advertise for bids, or 3) provide additional direction to staff. RECOMMENDED ACTION OR MOTION: Move to award the Phase 2 - Sullivan Road West Bridge Replacement Project #0155 to Garco Construction, Inc. in the amount of$11,748,574.98 and authorize the City Manager to finalize and execute the construction contract. BUDGET/FINANCIAL IMPACTS: Based on the preliminary analysis of the Phase 2 bid results, the project budget has been updated as follows: Estimated Project Expenses PE $1,820,000 ROW $80,000 CN (w/out contingencies) $12,855,000 Total(rounded) $14,755,000 Project Funding Federal BR Grant $8,000,000 State FMSIB Grant @ 10% (CN) $1,446,500 State TIB (CN) $3,500,000 Utility Reimbursement $290,100 City Funds $2,320,000 Total(rounded) $15,556,600 STAFF CONTACT: Eric P. Guth, P.E. — Public Works Director ATTACHMENTS: Bid Tabulation BID TAB-SULLIVAN ROAD WEST BRIDGE Sp�ka�iie PHASE 2 BRIDGE REPLACEMENT-CIP#0155 BID OPENING:JUNE 13,2014-10:00 a.m. PDT Total Engineer's Estimate Garco Construction,Inc. Apollo,Inc. Item No. Description Unit Quantity Price/Unit Total Price/Unit Total Price/Unit Total SCHEDULE A: Sullivan Road West Bridge Replacement I MOM A-1 Mobilization LS 1 $ 951,000.00 $ 951,000.00 $ 1,174,000.00 $ 1,174,000.00 $ 1,490,000.00 $ 1,490,000.00 A-2 Clearing And Grubbing AC 2.2 $ 10,000.00 $ 22,000.00 $ 28,000.00 $ 61,600.00 $ 60,000.00 $ 132,000.00 A-3 Removing Existing Bridge-Sullivan Road West Bridge LS 1 $ 805,000.00 $ 805,000.00 $ 750,000.00 $ 750,000.00 $ 600,000.00 $ 600,000.00 A-4 Removal Of Structures And Obstructions LS 1 $ 7,350.00 $ 7,350.00 $ 15,000.00 $ 15,000.00 $ 100,000.00 $ 100,000.00 A-5 Sawcut ACP or PCC Pavement LF-IN 3,439 $ 1.40 $ 4,814.60 $ 1.00 a $ 3,439.00 $ 1.70 $ 5,846.30 A-6 Remove PCC Sidewalk/Driveway Approach SY 188 $ 20.00 $ 3,760.00 $ 18.00 $ 3,384.00 $ 9.00 $ 1,692.00 A-7 Remove PCC Median Curb and Island SY 299 $ 15.00 $ 4,485.00 $ 22.00 $ 6,578.00 $ 8.60 $ 2,571.40 A-8 Remove PCC Curb And Gutter LF 662 $ 12.00 $ 7,944.00 $ 3.50 $ 2,317.00 $ 3.50 $ 2,317.00 A-9 Remove Asphalt Conc.Pavement SY 61 $ 50.00 $ 3,050.00 $ 24.00 $ 1,464.00 $ 4.75 $ 289.75 A-10 Remove/Abandon Existing Catch Basin EA 1 $ 200.00 $ 200.00 $ 850.00 $ 850.00 $ 260.00 $ 260.00 A-11 Abandon Existing Drywell EA 2 $ 400.00 $ 800.00 $ 1,000.00 $ 2,000.00 $ 660.00 $ 1,320.00 A-12 Salvage Temporary Curb and Bullnose Markers LS 1 $ 800.00 $ 800.00 $ 850.00 $ 850.00 $ 3,000.00 $ 3,000.00 A-13 Remove Precast Concrete Barrier LF 632 $ 9.00 $ 5,688.00 $ 10.00 $ 6,320.00 $ 12.00 $ 7,584.00 A-14 Remove Fence LF 120 $ 4.00 $ 480.00 $ 7.50 $ 900.00 $ 4.00 $ 480.00 A-15 Relocate Sullivan Park Sign EA 1 $ 500.00 $ 500.00 $ 1,550.00 $ 1,550.00 $ 1,000.00 $ 1,000.00 A-16 Removing Temporary Pavement Marking LF 609 $ 2.20 $ 1,339.80 $ 5.00 $ 3,045.00 $ 3.50 $ 2,131.50 A-17 Removing Paint Line LF 6,400 $ 1.50 $ 9,600.00 $ 0.90 $ 5,760.00 $ 3.50 $ 22,400.00 A-18 Removing Painted Traffic Marking EA 10 $ 125.00 $ 1,250.00 $ 65.00 $ 650.00 $ 130.00 $ 1,300.00 A-19 Work Access-Sullivan Road West Bridge LS 1 $ 1,540,000.00 $ 1,540,000.00 $ 1,500,000.00 $ 1,500,000.00 $ 2,433,000.00 $ 2,433,000.00 A-20 Roadway Excavation Incl.Haul CY 3,149 $ 20.00 $ 62,980.00 $ 14.00 $ 44,086.00 $ 20.00 $ 62,980.00 A-21 Gravel Borrow Incl.Haul CY 3,093 $ 15.00 $ 46,395.00 $ 26.00 $ 80,418.00 $ 31.00 $ 95,883.00 A-22 Embankment Compaction Method C CY 1,053 $ 8.00 $ 8,424.00 $ 3.50 $ 3,685.50 $ 4.00 $ 4,212.00 A-23 Precast Concrete Drywell Type A EA 1 $ 2,500.00 $ 2,500.00 $ 2,800.00 $ 2,800.00 $ 3,700.00 $ 3,700.00 A-24 Hand Placed Riprap CY 30 $ 275.00 $ 8,250.00 $ 47.00 $ 1,410.00 $ 115.00 $ 3,450.00 A-25 Rock for Erosion and Scour Protection(Class C) TON 1,914 $ 16.00 $ 30,624.00 $ 20.00 $ 38,280.00 $ 81.00 $ 155,034.00 A-26 Filter Material TON 580 $ 12.00 $ 6,960.00 $ 30.00 $ 17,400.00 $ 37.00 $ 21,460.00 A-27 Ductile Iron Storm Sewer Pipe 8 In.Diam. LF 236 $ 30.00 $ 7,080.00 $ 50.00 $ 11,800.00 $ 45.00 $ 10,620.00 A-28 Ductile Iron Storm Sewer Pipe 10 In.Diam. LF 169 $ 34.00 $ 5,746.00 $ 60.00 $ 10,140.00 $ 60.00 $ 10,140.00 A-29 Catch Basin Type 1 EA 3 $ 1,200.00 $ 3,600.00 $ 2,600.00 $ 7,800.00 $ 1,240.00 $ 3,720.00 A-30 WSDOT Catch Basin Type 1L EA 1 $ 1,200.00 $ 1,200.00 $ 2,700.00 $ 2,700.00 $ 1,400.00 $ 1,400.00 A-31 WSDOT Grate Inlet Type 2 with Modified H Unit EA 1 $ 2,500.00 $ 2,500.00 $ 3,000.00 $ 3,000.00 $ 1,950.00 $ 1,950.00 A-32 Modify Existing Catch Basin EA 1 $ 1,200.00 $ 1,200.00 $ 1,800.00 $ 1,800.00 $ 830.00 $ 830.00 A-33 Connection to Existing Manhole EA 1 $ 300.00 $ 300.00 $ 1,000.00 $ 1,000.00 $ 625.00 $ 625.00 A-34 Adjust Existing Mahnole EA 1 $ 300.00 $ 300.00 $ 450.00 $ 450.00 $ 365.00 $ 365.00 A-35 Removal and Replacement of Unsuitable Foundation Material CY 100 $ 35.00 $ 3,500.00 $ 36.00 $ 3,600.00 $ 29.00 $ 2,900.00 A-36 Storm and Water Trench Safety System LS 1 $ 1,000.00 $ 1,000.00 $ 675.00 $ 675.00 $ 1,000.00 $ 1,000.00 A-37 Storm Drain Encasement LF 40 $ 30.00 $ 1,200.00 $ 35.00 $ 1,400.00 $ 105.00 $ 4,200.00 A-38 Structure Excavation Cl.A Incl.Haul CY 340 $ 25.00 $ 8,500.00 $ 32.00 $ 10,880.00 $ 78.00 $ 26,520.00 A-39 Shoring or Extra Excavation Cl.A LS 1 $ 50,000.00 $ 50,000.00 $ 55,500.00 $ 55,500.00 $ 178,000.00 $ 178,000.00 A-40 Soil Excavation for Shaft Including Haul(5-foot Diam.) CY 240 $ 400.00 $ 96,000.00 $ 356.00 $ 85,440.00 $ 830.00 $ 199,200.00 A-41 Soil Excavation for Shaft Including Haul(9-foot Diam.) CY 1,100 $ 400.00 $ 440,000.00 $ 356.00 $ 391,600.00 $ 480.00 $ 528,000.00 A-42 Casing Shoring LF 166 $ 500.00 $ 83,000.00 $ 1.00 $ 166.00 $ 1.00 $ 166.00 A-43 Removing Shaft Obstructions EST 1 $ 161,000.00 $ 161,000.00 $ 161,000.00 $ 161,000.00 $ 161,000.00 $ 161,000.00 A-44 Furnishing and Placing Temp.Casing for 5-foot Dia.Shaft LF 320 $ 115.00 $ 36,800.00 $ 1.00 $ 320.00 $ 1.00 $ 320.00 A-45 Furnishing and Placing Temp.Casing for 9-foot Dia.Shaft LF 438 $ 250.00 $ 109,500.00 $ 1.00 $ 438.00 $ 1.00 $ 438.00 A-46 Furnishing Permanent Casing for 9-foot Diam.Shaft LF 60 $ 500.00 $ 30,000.00 $ 2,215.00 $ 132,900.00 $ 2,480.00 $ 148,800.00 A-47 Placing Permanent Casing for 9-foot Diam.Shaft EA 6 $ 2,000.00 $ 12,000.00 $ 20,000.00 $ 120,000.00 $ 22,360.00 $ 134,160.00 A-48 Furnishing Permanent Casing for 5-foot Diam.Shaft LF 40 $ 420.00 $ 16,800.00 $ 50.00 $ 2,000.00 $ 56.00 $ 2,240.00 A-49 Placing Permanent Casing for 5-foot Diam.Shaft EA 8 $ 2,100.00 $ 16,800.00 $ 100.00 $ 800.00 $ 112.00 $ 896.00 A-50 Conc.Class 4000P for Shaft(5-foot Dia) CY 240 $ 350.00 $ 84,000.00 $ 211.00 $ 50,640.00 $ 224.00 $ 53,760.00 A-51 Conc.Class 4000P for Shaft(9-foot Dia) CY 1,100 $ 350.00 $ 385,000.00 $ 256.50 $ 282,150.00 $ 224.00 $ 246,400.00 A-52 St.Reinf.Bar for Shaft(5-foot Dia) LB 60,000 $ 1.15 $ 69,000.00 $ 0.81 $ 48,600.00 $ 1.12 $ 67,200.00 A-53 St.Reinf.Bar for Shaft(9-foot Dia) LB 150,000 $ 1.15 $ 172,500.00 $ 0.82 $ 123,000.00 $ 1.12 $ 168,000.00 A-54 CSL Access Tube(5-foot Dia Shaft) LF 1,600 $ 10.00 $ 16,000.00 $ 9.94 $ 15,904.00 $ 112.00 $ 179,200.00 A-55 CSL Access Tube(9-foot Dia Shaft) LF 3,942 $ 10.00 $ 39,420.00 $ 9.94 $ 39,183.48 $ 112.00 $ 441,504.00 j Sullivan Rd W Bridge-Phase 2 Bid Tab.xlsx Page 1 of 7 6/19/2014 BID TAB-SULLIVAN ROAD WEST BRIDGE Sp�ka�iie PHASE 2 BRIDGE REPLACEMENT-CIP#0155 BID OPENING:JUNE 13,2014-10:00 a.m. PDT Total Engineers Estimate Garco Construction,Inc. Apollo,Inc. Item No. Description Unit Quantity Price/Unit Total Price/Unit Total Price/Unit Total A-56 CSL Test EA 14 $ 4,000.00 $ 56,000.00 $ 1,500.00 $ 21,000.00 $ 3,400.00 $ 47,600.00 A-57 Prestressed Conc.Girder WF58G for Bridge LF 2,556 $ 325.00 $ 830,700.00 $ 400.00 $ 1,022,400.00 $ 334.00 $ 853,704.00 A-58 Conc.Class 4000D for Bridge CY 1,130 $ 800.00 $ 904,000.00 $ 751.00 $ 848,630.00 $ 780.00 $ 881,400.00 A-59 Conc.Class 4000 for Bridge CY 1,490 $ 630.00 $ 938,700.00 $ 386.70 $ 576,183.00 $ 395.00 $ 588,550.00 A-60 Steel Reinf.Bar for Bridge LB 265,000 $ 1.15 $ 304,750.00 $ 0.86 $ 227,900.00 $ 1.12 $ 296,800.00 A-61 Epoxy Coated Steel Reinf.Bar for Bridge LB 214,000 $ 1.35 $ 288,900.00 $ 1.01 $ 216,140.00 $ 1.12 $ 239,680.00 A-62 Underwater Noise Attenuation System LS 1 $ 40,000.00 $ 40,000.00 $ 25,000.00 $ 25,000.00 $ 28,000.00 $ 28,000.00 A-63 Traffic Barrier for Bridge LF 444 $ 130.00 $ 57,720.00 $ 92.00 $ 40,848.00 $ 186.00 $ 82,584.00 A-64 Median Traffic Barrier for Bridge LF 444 $ 160.00 $ 71,040.00 $ 92.00 $ 40,848.00 $ 171.00 $ 75,924.00 A-65 Pedestrian Railing for Bridge LF 449 $ 275.00 $ 123,475.00 $ 181.50 $ 81,493.50 $ 134.00 $ 60,166.00 A-66 Scarifying Conc.Surface SY 2,520 $ 75.00 $ 189,000.00 $ 30.00 $ 75,600.00 $ 33.50 $ 84,420.00 A-67 Modified Conc.Overlay CF 2,800 $ 35.00 $ 98,000.00 $ 15.00 $ 42,000.00 $ 16.80 $ 47,040.00 A-68 Finishing and Curing Modified Conc.Overlay SY 2,520 $ 45.00 $ 113,400.00 $ 24.00 $ 60,480.00 $ 27.00 $ 68,040.00 A-69 Deformation Monitoring LS 1 $ 20,000.00 $ 20,000.00 $ 10,000.00 $ 10,000.00 $ 28,000.00 $ 28,000.00 A-70 Vibration Monitoring LS 1 $ 25,000.00 $ 25,000.00 $ 30,000.00 $ 30,000.00 $ 30,000.00 $ 30,000.00 A-71 Cable Fence EA 2 $ 1,500.00 $ 3,000.00 $ 4,000.00 b $ 8,000.00 $ 1,700.00 $ 3,400.00 A-72 Trail Wall A at North Overlook SF 900 $ 50.00 $ 45,000.00 $ 50.00 $ 45,000.00 $ 56.00 $ 50,400.00 A-73 Segmental Concrete Retaining Wall SF 81 $ 40.00 $ 3,240.00 $ 25.00 $ 2,025.00 $ 62.00 $ 5,022.00 A-74 South Overlook Stairway LS 1 $ 51,000.00 $ 51,000.00 $ 28,531.00 $ 28,531.00 $ 33,500.00 $ 33,500.00 A-75 Pedestrian Railing at South Overlook LF 40 $ 325.00 $ 13,000.00 $ 199.00 $ 7,960.00 $ 150.00 $ 6,000.00 A-76 Pedestrian Railing at North Overlook LF 52 $ 350.00 $ 18,200.00 $ 190.00 $ 9,880.00 c $ 151.00 $ 7,852.00 A-77 Single Rail Railing at Stairs LF 35 $ 100.00 $ 3,500.00 $ 80.00 $ 2,800.00 $ 51.00 $ 1,785.00 A-78 Traffic Barrier at North Bridge Approach Slab LF 65 $ 180.00 $ 11,700.00 $ 102.00 $ 6,630.00 $ 190.00 $ 12,350.00 A-79 Traffic Barrier Type A LF 68 $ 350.00 $ 23,800.00 $ 185.00 $ 12,580.00 $ 335.00 $ 22,780.00 A-80 Traffic Barrier Type B LF 28 $ 370.00 $ 10,360.00 $ 184.00 $ 5,152.00 $ 534.00 $ 14,952.00 A-81 Bridge Approach Slab SY 196 $ 250.00 $ 49,000.00 $ 275.00 $ 53,900.00 $ 308.00 $ 60,368.00 A-82 Crushed Surfacing Top Course,2 In.Depth SY 119 $ 8.00 $ 952.00 $ 7.00 $ 833.00 $ 3.70 $ 440.30 A-83 Crushed Surfacing Top Course,3 In.Depth SY 150 $ 7.00 $ 1,050.00 $ 8.00 $ 1,200.00 $ 5.50 $ 825.00 A-84 Crushed Surfacing Top Course,4 In.Depth SY 2,832 $ 7.00 $ 19,824.00 $ 9.00 $ 25,488.00 $ 6.30 $ 17,841.60 A-85 Crushed Surfacing Base Course,6 In.Depth SY 2,188 $ 10.00 $ 21,880.00 $ 10.50 $ 22,974.00 $ 8.70 $ 19,035.60 A-86 HMA Cl.1/2 In.PG 70-28,0.58 Ft.Depth SY 2,177 $ 50.00 $ 108,850.00 $ 35.20 $ 76,630.40 $ 27.00 $ 58,779.00 A-87 HMA Cl.1/2 In.PG 70-28,0.17 Ft.Depth SY 137 $ 50.00 $ 6,850.00 $ 22.60 $ 3,096.20 $ 24.60 $ 3,370.20 A-88 Joint Adhesive LF 1,220 $ 1.25 $ 1,525.00 $ 1.00 $ 1,220.00 $ 11.00 $ 13,420.00 A-89 Irrigation System-South LS 1 $ 4,060.00 $ 4,060.00 $ 5,150.00 $ 5,150.00 $ 28,000.00 $ 28,000.00 A-90 Irrigation System Revision-South LS 1 $ 2,445.00 $ 2,445.00 $ 4,500.00 $ 4,500.00 $ 5,600.00 $ 5,600.00 A-91 Irrigation System-North LS 1 $ 10,220.00 $ 10,220.00 $ 10,000.00 $ 10,000.00 $ 28,000.00 $ 28,000.00 A-92 Erosion/Water Pollution Control LS 1 $ 6,600.00 $ 6,600.00 $ 10,000.00 $ 10,000.00 $ 50,000.00 $ 50,000.00 A-93 Tree Protection Fencing LF 60 $ 5.00 $ 300.00 $ 10.00 $ 600.00 $ 4.00 $ 240.00 A-94 Seeding(Upland Seed Mix) AC 0.22 $ 3,200.00 $ 704.00 $ 9,800.00 $ 2,156.00 $ 4,250.00 $ 935.00 A-95 Seeding(Dryland Seed Mix) AC 0.20 $ 5,000.00 $ 1,000.00 $ 6,250.00 $ 1,250.00 $ 4,250.00 $ 850.00 A-96 Topsoil Type A,4 In.Depth SY 1,299 $ 4.00 $ 5,196.00 $ 5.54 $ 7,196.46 $ 5.00 $ 6,495.00 A-97 Swale Topsoil Type A,12 In.Depth SY 128 $ 15.00 $ 1,920.00 $ 16.12 $ 2,063.36 $ 13.00 $ 1,664.00 A-98 Bark Mulch,3 In.Depth SY 151 $ 10.00 $ 1,510.00 $ 7.15 $ 1,079.65 $ 3.35 $ 505.85 A-99 Washed River Rock,2 In.Depth SY 60 $ 20.00 $ 1,200.00 $ 11.25 $ 675.00 $ 3.35 $ 201.00 A-100 Willow Stakes in Riprap EA 52 $ 12.00 $ 624.00 $ 19.00 $ 988.00 $ 3.90 $ 202.80 A-101 Swale B Restoration LS 1 $ 4,000.00 $ 4,000.00 $ 5,500.00 $ 5,500.00 $ 2,200.00 $ 2,200.00 A-102 PSIPE Shrubs-2 Gal. EA 32 $ 26.00 $ 832.00 $ 55.00 $ 1,760.00 $ 28.00 $ 896.00 A-103 PSIPE Shrubs-1 Gal. EA 48 $ 8.00 $ 384.00 $ 35.00 $ 1,680.00 $ 17.00 $ 816.00 A-104 PSIPE Tree-5 Gal. EA 10 $ 50.00 $ 500.00 $ 72.00 $ 720.00 $ 140.00 $ 1,400.00 A-105 PSIPE Tree-3 Gal. EA 19 $ 35.00 $ 665.00 $ 72.00 $ 1,368.00 $ 95.00 $ 1,805.00 A-106 PSIPE Tree-1 Gal. EA 21 $ 25.00 $ 525.00 $ 45.00 $ 945.00 $ 28.00 $ 588.00 A-107 Sod Installation SY 247 $ 6.00 $ 1,482.00 $ 5.45 $ 1,346.15 $ 3.90 $ 963.30 A-108 Cement Conc.Traffic Curb And Gutter LF 533 $ 14.00 $ 7,462.00 $ 22.00 $ 11,726.00 $ 27.00 $ 14,391.00 A-109 Cement Conc.Pedestrian Curb LF 15 $ 22.00 $ 330.00 $ 20.00 $ 300.00 $ 35.00 $ 525.00 A-110 Cement Conc.Traffic Island SY 675 $ 40.00 $ 27,000.00 $ 42.04 $ 28,377.00 $ 59.00 $ 39,825.00 Sullivan Rd W Bridge-Phase 2 Bid Tab.xlsx Page 2 of 7 6/19/2014 BID TAB-SULLIVAN ROAD WEST BRIDGE Sp�ka�iie PHASE 2 BRIDGE REPLACEMENT-CIP#0155 BID OPENING:JUNE 13,2014-10:00 a.m. PDT Total Engineers Estimate Garco Construction,Inc. Apollo,Inc. Item No. Description Unit Quantity Price/Unit Total Price/Unit Total Price/Unit Total A-111 Delineator and Core Hole EA 9 $ 200.00 $ 1,800.00 $ 85.00 $ 765.00 $ 96.00 $ 864.00 A-112 Paint Line LF 6,400 $ 1.00 $ 6,400.00 $ 0.14 $ 896.00 $ 0.16 $ 1,024.00 A-113 Plastic Line LF 3,052 $ 2.00 $ 6,104.00 $ 1.11 $ 3,387.72 $ 1.24 $ 3,784.48 A-114 Painted Wide Lane Line LF 6,400 $ 1.50 $ 9,600.00 $ 0.20 $ 1,280.00 $ 0.22 $ 1,408.00 A-115 Painted Wide Line LF 673 $ 2.50 $ 1,682.50 $ 0.20 $ 134.60 $ 0.22 $ 148.06 A-116 Plastic Wide Line LF 566 $ 3.25 $ 1,839.50 $ 3.50 $ 1,981.00 $ 3.90 $ 2,207.40 A-117 Painted Crosswalk Line SF 242 $ 2.25 $ 544.50 $ 2.50 $ 605.00 $ 2.80 $ 677.60 A-118 Painted Bicycle Lane Symbol EA 4 $ 300.00 $ 1,200.00 $ 80.00 $ 320.00 $ 89.00 $ 356.00 A-119 Plastic Traffic Arrow EA 3 $ 130.00 $ 390.00 $ 95.00 $ 285.00 $ 107.00 $ 321.00 A-120 Temporary Traffic Arrow Marking EA 16 $ 125.00 $ 2,000.00 $ 50.00 $ 800.00 $ 55.90 $ 894.40 A-121 Temporary Pavement Marking LF 10,508 $ 0.70 $ 7,355.60 $ 0.25 $ 2,627.00 $ 0.13 $ 1,366.04 A-122 Permanent Signing LS 1 $ 7,500.00 $ 7,500.00 $ 8,850.00 $ 8,850.00 $ 9,900.00 $ 9,900.00 A-123 Illumination System-Pedestrian LS 1 $ 22,800.00 $ 22,800.00 $ 29,750.00 $ 29,750.00 $ 88,000.00 $ 88,000.00 A-124 Illumination System-Roadway LS 1 $ 59,300.00 $ 59,300.00 $ 51,250.00 $ 51,250.00 $ 65,000.00 $ 65,000.00 A-125 Intelligent Transportation System(ITS) LS 1 $ 45,900.00 $ 45,900.00 $ 23,375.00 $ 23,375.00 $ 39,000.00 $ 39,000.00 A-126 Pedestrian Control and Protection LS 1 $ 6,900 $ 6,900.00 $ 1,800.00 $ 1,800.00 $ 43,000.00 $ 43,000.00 A-127 Project Temporary Traffic Control LS 1 $ 57,204.00 $ 57,204.00 $ 55,100.00 $ 55,100.00 $ 93,000.00 $ 93,000.00 A-128 Flaggers and Spotters,min.Bid$45,per hour HOUR 288 $ 45.00 $ 12,960.00 $ 45.50 $ 13,104.00 $ 50.90 $ 14,659.20 A-129 Other Traffic Control Labor,min.Bid$45,per hour HOUR 2,252 $ 45.00 $ 101,340.00 $ 45.50 $ 102,466.00 $ 50.90 $ 114,626.80 A-130 Portable Changeable Message Sign HOUR 37,416 $ 2.50 $ 93,540.00 $ 0.01 $ 374.16 $ 3.35 $ 125,343.60 A-131 Field Office Building LS 1 $ 21,000.00 $ 21,000.00 $ 36,269.00 $ 36,269.00 $ 21,000.00 $ 21,000.00 A-132 Type C Project Schedule LS 1 $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 A-133 Schedule Update EA 18 $ 1,000.00 $ 18,000.00 $ 1,000.00 $ 18,000.00 $ 1,000.00 $ 18,000.00 A-134 Archaeological and Historical Salvage EST 1 $ 5,000.00 $ 5,000.00 $ 5,000.00 $ 5,000.00 $ 5,000.00 $ 5,000.00 A-135 No Trespassing Sign EA 10 $ 375.00 $ 3,750.00 $ 75.00 $ 750.00 $ 140.00 $ 1,400.00 A-136 Health and Safety Plan LS 1 $ 1,200.00 $ 1,200.00 $ 500.00 $ 500.00 $ 5,600.00 $ 5,600.00 A-137 FA-Site Cleanup of Bio.And Physical Hazards EST 1 $ 5,000.00 $ 5,000.00 $ 5,000.00 $ 5,000.00 $ 5,000.00 $ 5,000.00 A-138 Structure Surveying LS 1 $ 48,000.00 $ 48,000.00 $ 50,000.00 $ 50,000.00 $ 37,000.00 $ 37,000.00 A-139 Roadway Surveying LS 1 $ 12,000.00 $ 12,000.00 $ 15,000.00 $ 15,000.00 $ 13,200.00 $ 13,200.00 A-140 Licensed Surveying EST 1 $ 2,500.00 $ 2,500.00 $ 2,500.00 $ 2,500.00 $ 2,500.00 $ 2,500.00 A-141 Record Drawings(Minimum Bid$15,000) LS 1 $ 15,000.00 $ 15,000.00 $ 15,000.00 $ 15,000.00 $ 15,000.00 $ 15,000.00 A-142 Training HOUR 1,000 $ 6.50 $ 6,500.00 $ 5.00 $ 5,000.00 $ 1.00 $ 1,000.00 A-143 SPCC Plan LS 1 $ 1,000.00 $ 1,000.00 $ 500.00 $ 500.00 $ 20,000.00 $ 20,000.00 A-144 Steel Cost Adjustment CALC 1 $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 A-145 Cement Conc.Sidewalk SY 455 $ 28.00 $ 12,740.00 $ 35.00 $ 15,925.00 $ 45.50 $ 20,702.50 A-146 Concrete Overlook Slab,4 In.Depth SY 63 $ 70.00 $ 4,410.00 $ 55.00 $ 3,465.00 $ 55.00 $ 3,465.00 A-147 Wire Fence Type1 LF 120 $ 24.00 $ 2,880.00 $ 19.00 $ 2,280.00 $ 22.00 $ 2,640.00 A-148 Temporary Chain Link Fence LF 500 $ 10.00 $ 5,000.00 $ 9.00 $ 4,500.00 $ 10.00 $ 5,000.00 A-149 Chain Link Security Fence LF 352 $ 28.00 $ 9,856.00 $ 45.00 $ 15,840.00 $ 67.00 $ 23,584.00 A-150 Construction Geotextile for Separation SY 180 $ 3.50 $ 630.00 $ 3.50 $ 630.00 $ 2.00 $ 360.00 A-151 Adjust Existing Gas Valve EA 1 $ 300.00 $ 300.00 $ 350.00 $ 350.00 $ 240.00 $ 240.00 A-152 Miscellaneous Restoration LS 1 $ 45,300.00 $ 45,300.00 $ 90,500.00 $ 90,500.00 $ 30,800.00 $ 30,800.00 A-153 Pedestrian Railing at Stairway LF 72 $ 375.00 $ 27,000.00 $ 173.50 $ 12,492.00 $ 173.00 $ 12,456.00 SCHEDULEATOTAL $ 10,655,941.50 $ 9,663,127.18 d $ 12,547,124.68 k Sullivan Rd W Bridge-Phase 2 Bid Tab.xlsx Page 3 of 7 6/19/2014 BID TAB-SULLIVAN ROAD WEST BRIDGE Sina�iie PHASE 2 BRIDGE REPLACEMENT-CIP#0155 BID OPENING:JUNE 13,2014-10:00 a.m. PDT Total Engineers Estimate Garco Construction,Inc. Apollo,Inc. Item No. Description Unit Quantity Price/Unit I Total Price/Unit I Total Price/Unit I Total SCHEDULE B: Sullivan Road East Bridge Modifications B-1 Sawcut ACP or PCC Pavement LF-IN 240 $ 1.40 $ 336.00 $ 2.00 $ 480.00 $ 1.50 $ 360.00 B-2 Remove/Abandon Existing Catch Basin EA 1 $ 200.00 $ 200.00 $ 850.00 $ 850.00 $ 245.00 $ 245.00 B-3 Roadway Excavation Incl.Haul CY 112 $ 20.00 $ 2,240.00 $ 15.00 $ 1,680.00 $ 11.00 $ 1,232.00 B-4 Catch Basin Type 1 EA 1 $ 1,500.00 $ 1,500.00 $ 2,600.00 $ 2,600.00 $ 1,260.00 $ 1,260.00 B-5 Ductile Iron Storm Sewer Pipe 8 In.Diam. LF 4 $ 65.00 $ 260.00 $ 60.00 $ 240.00 $ 200.00 $ 800.00 B-6 Temporary Storm Drain Connection EA 1 $ 400.00 $ 400.00 $ 875.00 $ 875.00 $ 1,045.00 $ 1,045.00 B-7 Traffic Barrier at East Bridge LF 440 $ 250.00 $ 110,000.00 $ 96.00 $ 42,240.00 $ 170.00 $ 74,800.00 B-8 Traffic Barrier Type E LF 16 $ 370.00 $ 5,920.00 $ 279.00 $ 4,464.00 $ 230.00 $ 3,680.00 B-9 Traffic Barrier Type F LF 16 $ 370.00 $ 5,920.00 $ 272.00 $ 4,352.00 $ 200.00 $ 3,200.00 B-10 Temporary Modifications to East Bridge LS 1 $ 339,000.00 $ 339,000.00 $ 287,944.00 $ 287,944.00 $ 600,000.00 $ 600,000.00 B-11 Removing Existing Concrete Overlay SY 1,400 $ 40.00 $ 56,000.00 $ 100.00 $ 140,000.00 $ 73.00 $ 102,200.00 B-12 Scarifying Conc.Surface SY 1,400 $ 75.00 $ 105,000.00 $ 35.00 $ 49,000.00 $ 78.00 $ 109,200.00 B-13 Force Account Forms for Full Depth Deck Repair EST 1 $ 2,000.00 $ 2,000.00 $ 2,000.00 $ 2,000.00 $ 2,000.00 $ 2,000.00 B-14 Further Deck Preparation EST 1 $ 15,000.00 $ 15,000.00 $ 15,000.00 $ 15,000.00 $ 15,000.00 $ 15,000.00 B-15 Modified Conc.Overlay CF 2,100 $ 35.00 $ 73,500.00 $ 16.00 $ 33,600.00 $ 17.80 $ 37,380.00 B-16 Furnishing and Curing Modified Conc.Overlay SY 1,400 $ 45.00 $ 63,000.00 $ 25.00 $ 35,000.00 $ 27.95 $ 39,130.00 B-17 Crushed Surfacing Top Course,4 In.Depth SY 317 $ 6.75 $ 2,139.75 $ 9.00 $ 2,853.00 $ 6.70 $ 2,123.90 B-18 Crushed Surfacing Base Course,6 In.Depth SY 163 $ 7.50 $ 1,222.50 $ 10.50 $ 1,711.50 $ 9.60 $ 1,564.80 B-19 HMA Cl.1/2 In.PG 70-28,0.58 Ft.Depth SY 163 $ 56.00 $ 9,128.00 $ 41.00 $ 6,683.00 $ 45.85 $ 7,473.55 B-20 Temporary Concrete Barrier LF 230 $ 45.00 $ 10,350.00 $ 45.00 $ 10,350.00 $ 16.75 $ 3,852.50 B-21 Removing and Resetting Guardrail LF 164 $ 20.00 $ 3,280.00 $ 30.00 $ 4,920.00 $ 33.50 $ 5,494.00 B-22 Cement Conc.Sidewalk SY 154 $ 32.00 $ 4,928.00 $ 35.00 $ 5,390.00 $ 46.40 $ 7,145.60 B-23 Partial Depth Spall Repair on East Bridge SF 50 $ 300.00 $ 15,000.00 $ 200.00 $ 10,000.00 $ 45.00 $ 2,250.00 k SCHEDULE B TOTAL 11111114 826,324.25 $ 662,232.50 -M $ 1,021,436.3 Total Engineers Estimate Garco Construction,Inc. Apollo,Inc. Item No. Description Unit Quantity Price/Unit I Total Price/Unit I Total Price/Unit I Total SCHEDULE C: Work on State-Owned Lands C-1 Clearing And Grubbing AC 0.1 $ 20,000.00 $ 2,000.00 $ 28,000.00 $ 2,800.00 $ 50,000.00 $ 5,000.00 C-2 Sawcut ACP or PCC Pavement LF-IN 4,191 $ 1.40 $ 5,867.40 $ 1.00 $ 4,191.00 $ 1.25 $ 5,238.75 C-3 Remove PCC Sidewalk/Driveway Approach SY 534 $ 20.00 $ 10,680.00 $ 18.00 $ 9,612.00 $ 9.50 $ 5,073.00 C-4 Remove PCC Curb LF 100 $ 10.00 $ 1,000.00 $ 3.50 $ 350.00 $ 3.50 $ 350.00 C-5 Remove PCC Median Curb and Island SY 147 $ 15.00 $ 2,205.00 $ 22.00 $ 3,234.00 $ 8.70 $ 1,278.90 C-6 Remove PCC Curb And Gutter LF 229 $ 12.00 $ 2,748.00 $ 3.50 $ 801.50 $ 3.50 $ 801.50 C-7 Remove Asphalt Conc.Pavement SY 139 $ 50.00 $ 6,950.00 $ 24.00 $ 3,336.00 $ 4.75 $ 660.25 C-8 Remove PCC Pavement SY 745 $ 25.00 $ 18,625.00 $ 36.00 $ 26,820.00 $ 12.40 $ 9,238.00 C-9 Remove Concrete Stairs to Centennial Trail EA 1 $ 3,000.00 $ 3,000.00 $ 4,500.00 $ 4,500.00 $ 6,100.00 $ 6,100.00 C-10 Remove Fence LF 141 $ 4.00 $ 564.00 $ 5.00 $ 705.00 $ 3.30 $ 465.30 C-11 Remove Cast-In-Place Conc.Barrier LF 102 $ 20.00 $ 2,040.00 $ 100.00 $ 10,200.00 $ 25.35 $ 2,585.70 C-12 Remove&Reinstall Centennial Trail Signage LS 1 $ 3,200.00 $ 3,200.00 $ 1,950.00 $ 1,950.00 $ 2,180.00 $ 2,180.00 C-13 Roadway Excavation Incl.Haul CY 441 $ 20.00 $ 8,820.00 $ 15.00 $ 6,615.00 $ 21.00 $ 9,261.00 C-14 Precast Concrete Drywell Type A EA 1 $ 2,700.00 $ 2,700.00 $ 2,800.00 $ 2,800.00 $ 3,700.00 $ 3,700.00 C-15 Solid Wall PVC Storm Sewer Pipe 10In.Diam. LF 9 $ 140.00 $ 1,260.00 $ 45.00 $ 405.00 $ 62.35 $ 561.15 C-16 Storm Drain Encasement LF 20 $ 30.00 $ 600.00 $ 35.00 $ 700.00 $ 88.00 $ 1,760.00 C-17 Catch Basin Type 1 EA 3 $ 1,500.00 $ 4,500.00 $ 2,600.00 $ 7,800.00 $ 1,200.00 $ 3,600.00 C-18 Pedestrian Railing at Trail LF 229 $ 150.00 $ 34,350.00 $ 105.00 $ 24,045.00 $ 84.00 $ 19,236.00 C-19 Single Rail Railing at Trail LF 249 $ 75.00 $ 18,675.00 $ 70.00 $ 17,430.00 $ 51.00 $ 12,699.00 C-20 Trail Wall A at Trail SF 2,700 $ 45.00 $ 121,500.00 $ 50.00 $ 135,000.00 $ 57.00 $ 153,900.00 k C-21 Trail Wall B SF 1,100 $ 35.00 $ 38,500.00 $ 50.00 $ 55,000.00 $ 57.00 $ 62,700.00 k C-22 Bridge Approach Slab SY 240 $ 250.00 $ 60,000.00 $ 267.00 $ 64,080.00 $ 307.00 $ 73,680.00 C-23 Traffic Barrier at South Bridge Approach Slab LF 68 $ 180.00 $ 12,240.00 $ 103.00 $ 7,004.00 $ 160.00 $ 10,880.00 C-24 Traffic Barrier Type C LF 65 $ 200.00 $ 13,000.00 $ 125.00 $ 8,125.00 $ 125.00 $ 8,125.00 C-25 Traffic Barrier Type D LF 56 $ 350.00 $ 19,600.00 $ 194.00 $ 10,864.00 $ 172.00 $ 9,632.00 Sullivan Rd W Bridge-Phase 2 Bid Tab.xlsx Page 4 of 7 6/19/2014 BID TAB-SULLIVAN ROAD WEST BRIDGE Sina�iie PHASE 2 BRIDGE REPLACEMENT-CIP#0155 BID OPENING:JUNE 13,2014-10:00 a.m. PDT Total Engineers Estimate Garco Construction,Inc. Apollo,Inc. Item No. Description Unit Quantity Price/Unit Total Price/Unit Total Price/Unit Total C-26 Crushed Surfacing Top Course,2 In.Depth SY 61 $ 8.00 $ 488.00 $ 7.00 $ 427.00 $ 3.70 $ 225.70 C-27 Crushed Surfacing Top Course,4 In.Depth SY 338 $ 7.00 $ 2,366.00 $ 9.00 $ 3,042.00 $ 5.50 $ 1,859.00 C-28 Crushed Surfacing Base Course,6 In.Depth SY 1,551 $ 10.00 $ 15,510.00 $ 10.50 $ 16,285.50 $ 7.85 $ 12,175.35 C-29 Cement Conc.Pavement CY 361 $ 200.00 $ 72,200.00 $ 245.00 $ 88,445.00 $ 274.00 $ 98,914.00 C-30 Corrosion-Resistant Dowel Bar EA 760 $ 9.00 $ 6,840.00 $ 13.00 $ 9,880.00 $ 14.50 $ 11,020.00 C-31 Tie Bar with Drill Hole EA 67 $ 22.00 $ 1,474.00 $ 13.00 $ 871.00 $ 14.50 $ 971.50 C-32 Concrete Transition Slab LS 1 $ 2,000.00 $ 2,000.00 $ 5,550.00 $ 5,550.00 $ 7,700.00 $ 7,700.00 C-33 Embedded Rebar for Type C Traffic Barrier LS 1 $ 700.00 $ 700.00 $ 4,792.00 $ 4,792.00 $ 1,200.00 $ 1,200.00 C-34 Irrigation System-Sullivan Park Restoration LS 1 $ 23,565.00 $ 23,565.00 $ 15,900.00 $ 15,900.00 $ 17,900.00 $ 17,900.00 C-35 Erosion/Water Pollution Control LS 1 $ 9,725.00 $ 9,725.00 $ 15,000.00 $ 15,000.00 $ 10,000.00 $ 10,000.00 C-36 Tree Protection Fencing LF 270 $ 5.00 $ 1,350.00 $ 5.00 $ 1,350.00 $ 4.00 $ 1,080.00 C-37 Seeding(Upland Seed Mix) AC 0.5 $ 3,200.00 $ 1,600.00 $ 9,900.00 $ 4,950.00 $ 11,000.00 $ 5,500.00 C-38 Seeding(Dryland Seed Mix) AC 0.1 $ 5,000.00 $ 500.00 $ 6,250.00 $ 625.00 $ 7,000.00 $ 700.00 C-39 Topsoil Type A,4 In.Depth SY 1,768 $ 4.00 $ 7,072.00 $ 5.54 $ 9,794.72 $ 6.20 $ 10,961.60 C-40 PSIPE Shrubs-1 Gal. EA 139 $ 8.00 $ 1,112.00 $ 35.00 $ 4,865.00 $ 39.00 $ 5,421.00 C-41 PSIPE Tree-5 Gal. EA 15 $ 50.00 $ 750.00 $ 72.00 $ 1,080.00 $ 80.50 $ 1,207.50 C-42 PSIPE Tree-1 Gal. EA 41 $ 25.00 $ 1,025.00 $ 45.00 $ 1,845.00 $ 50.00 $ 2,050.00 C-43 Sod Installation SY 1,467 $ 6.00 $ 8,802.00 $ 5.45 $ 7,995.15 $ 6.00 $ 8,802.00 C-44 Bark Mulch,3 In.Depth SY 485 $ 10.00 $ 4,850.00 $ 7.15 $ 3,467.75 $ 8.00 $ 3,880.00 C-45 Cement Conc.Traffic Curb LF 108 $ 18.00 $ 1,944.00 $ 16.00 $ 1,728.00 $ 20.00 $ 2,160.00 C-46 Cement Conc.Traffic Curb And Gutter LF 219 $ 14.00 $ 3,066.00 $ 22.00 $ 4,818.00 $ 27.00 $ 5,913.00 C-47 Cement Conc.Pedestrian Curb LF 15 $ 22.00 $ 330.00 $ 20.00 $ 300.00 $ 30.75 $ 461.25 C-48 Cement Conc.Traffic Island SY 268 $ 40.00 $ 10,720.00 $ 42.04 $ 11,266.72 e $ 58.00 $ 15,544.00 C-49 Delineator and Core Hole EA 5 $ 200.00 $ 1,000.00 $ 85.00 $ 425.00 $ 95.00 $ 475.00 C-50 Plastic Line LF 576 $ 2.00 $ 1,152.00 $ 1.11 $ 639.36 $ 1.25 $ 720.00 C-51 Plastic Wide Line LF 186 $ 3.25 $ 604.50 $ 3.50 $ 651.00 $ 3.90 $ 725.40 C-52 Plastic Stop Line LF 58 $ 7.00 $ 406.00 $ 7.50 $ 435.00 $ 8.40 $ 487.20 C-53 Plastic Crosswalk Line SF 240 $ 5.00 $ 1,200.00 $ 7.50 $ 1,800.00 $ 8.40 $ 2,016.00 C-54 Plastic Traffic Arrow EA 4 $ 130.00 $ 520.00 $ 95.00 $ 380.00 $ 107.00 $ 428.00 C-55 Permanent Signing LS 1 $ 6,800.00 $ 6,800.00 $ 7,500.00 $ 7,500.00 $ 8,400.00 $ 8,400.00 C-56 Traffic Signal System Modifications LS 1 $ 36,000.00 $ 36,000.00 $ 39,500.00 $ 39,500.00 $ 75,000.00 $ 75,000.00 C-57 Induction Loop System LS 1 $ 11,400.00 $ 11,400.00 $ 4,400.00 $ 4,400.00 $ 20,000.00 $ 20,000.00 C-58 Illumination System-Roadway LS 1 $ 19,200.00 $ 19,200.00 $ 28,250.00 $ 28,250.00 $ 20,000.00 $ 20,000.00 C-59 Intelligent Transportation System(ITS) LS 1 $ 6,700.00 $ 6,700.00 $ 23,375.00 $ 23,375.00 $ 22,000.00 $ 22,000.00 C-60 Cement Conc.Sidewalk SY 708 $ 28.00 $ 19,824.00 $ 30.00 $ 21,240.00 $ 40.00 $ 28,320.00 C-61 Pedestrian Ramp EA 2 $ 1,500.00 $ 3,000.00 $ 1,200.00 $ 2,400.00 $ 1,340.00 $ 2,680.00 C-62 Temporary Chain Link Fence LF 510 $ 10.00 $ 5,100.00 $ 9.00 $ 4,590.00 $ 10.00 $ 5,100.00 C-63 Monument Case and Cover EA 2 $ 600.00 $ 1,200.00 $ 350.00 $ 700.00 $ 340.00 $ 680.00 C-64 Temporary Centennial Trail Protection LF 190 $ 340.00 $ 64,600.00 $ 75.00 $ 14,250.00 $ 345.00 $ 65,550.00 Schedule C Subtotal $ 751,319.90 $ 773,180.70 f $ 886,933.05 k WA State Sales Tax(8.7%) IIMMII $ 65,364.83 $ 67,266.72 q $ 77,16318 k SCHEDULE C TOTAL $ 816,684.73 $ 8440,447.42 h $ 964,096.23 k Sullivan Rd W Bridge-Phase 2 Bid Tab.xlsx Page 5 of 7 6/19/2014 BID TAB-SULLIVAN ROAD WEST BRIDGE Sina�iie PHASE 2 BRIDGE REPLACEMENT-CIP#0155 BID OPENING:JUNE 13,2014-10:00 a.m. PDT Total Engineers Estimate Garco Construction,Inc. Apollo,Inc. Item No. Description Unit Quantity Price/Unit I Total Price/Unit Total Price/Unit Total SCHEDULED:Spokane Valley Utilities I _ _ D-1 C900 PVC Pipe for Water Main,4 In.Diam. LF 20 $ 30.00 $ 600.00 $ 75.00 $ 1,500.00 $ 63.00 $ 1,260.00 D-2 C900 PVC Pipe for Water Main,8 In.Diam. LF 178 $ 40.00 $ 7,120.00 $ 64.00 $ 11,392.00 $ 33.00 $ 5,874.00 D-3 C900 PVC Pipe for Water Main,12 In.Diam. LF 616 $ 50.00 $ 30,800.00 $ 60.00 $ 36,960.00 $ 57.00 $ 35,112.00 D-4 Meter and Double Check Valve Vault LS 1 $ 7,000.00 $ 7,000.00 $ 10,000.00 $ 10,000.00 $ 13,800.00 $ 13,800.00 D-5 Gate Valve 4 In. EA 1 $ 300.00 $ 300.00 $ 1,400.00 $ 1,400.00 $ 900.00 $ 900.00 D-6 Gate Valve 8 In. EA 1 $ 650.00 $ 650.00 $ 2,000.00 $ 2,000.00 $ 1,445.00 $ 1,445.00 D-7 Sullivan Park Valve Vault EA 1 $ 2,500.00 $ 2,500.00 $ 9,000.00 $ 9,000.00 $ 3,500.00 $ 3,500.00 D-8 Hydrant Assembly EA 2 $ 3,500.00 $ 7,000.00 $ 5,000.00 $ 10,000.00 $ 5,400.00 $ 10,800.00 D-9 South Swale Service Connection,2 In.Diam. EA 1 $ 1,500.00 $ 1,500.00 $ 2,500.00 $ 2,500.00 $ 2,900.00 $ 2,900.00 D-10 Storm and Water Trench Safety System LS 1 $ 1,000.00 $ 1,000.00 $ 675.00 $ 675.00 $ 1.00 $ 1.00 D-11 Removal and Replacement of Unsuitable Foundation Material CY 100 $ 35.00 $ 3,500.00 $ 36.00 $ 3,600.00 $ 29.00 $ 2,900.00 D-12 Bridge-Supported Potable Water Main LS 1 $ 225,000.00 $ 225,000.00 $ 121,211.00 $ 121,211.00 $ 150,000.00 $ 150,000.00 D-13 Rigid Water Line Insulation LS 1 $ 23,300.00 $ 23,300.00 $ 27,500.00 $ 27,500.00 $ 50,000.00 $ 50,000.00 D-14 Heat Trace System LS 1 $ 27,100.00 $ 27,100.00 $ 35,950.00 $ 35,950.00 $ 20,000.00 $ 20,000.00 D-15 Adjust Existing Valve Box EA 1 $ 400.00 $ 400.00 $ 350.00 $ 350.00 $ 240.00 $ 240.00 D-16 Well Decommissioning LS 1 $ 1,500.00 $ 1,500.00 $ 1,000.00 $ 1,000.00 $ 1,700.00 $ 1,700.00 D-17 Groundwater Monitorin.Well LF 80 $ 126.28 $ 10,102.22 $ 125.00 $ 10,000.00 $ 67.00 $ 5,360.00 Schedule D Subtotal 1. $ 349,372.22 $ 285,038.00 $ 305,792.00 k WA State Sales Tax(8.7%) I, $ 30,395.38 $ 24,798.31 $ 26,603.90 k SCHEDULED TOTAL I $ 379,767.61 $ 309,836.31 $ 332,395.90 k Total Engineers Estimate Garco Construction,Inc. Apollo,Inc. Description Unit Quantity Total Total I Total SCHEDULE E:Utilities-ReimburseableM M 4 E-1 NB Bridge-Supported Common Communications Utility Items LS 1 $ 15,400 $ 15,400.00 $ 19,877.00 $ 19,877.00 $ 35,400.00 $ 35,400.00 E-2 NB Bridge-Supported 6-Inch Fiberglass Avista Conduits LS 1 $ 28,925 $ 28,925.00 $ 23,433.00 $ 23,433.00 $ 65,000.00 $ 65,000.00 E-3 NB Bridge-Supported 6-Inch Fiberglass CenturyLink and Zayo Conduit LS 1 $ 28,925 $ 28,925.00 $ 23,433.00 $ 23,433.00 $ 42,700.00 $ 42,700.00 E-4 SB Bridge-Supported 8-Inch Steel Gas Main LS 1 $ 36,715 $ 36,715.00 $ 49,790.00 $ 49,790.00 $ 89,000.00 $ 89,000.00 E-5 SB Bridge-Supported Common Communications Utility Items LS 1 $ 65,380 $ 65,380.00 $ 68,854.00 $ 68,854.00 $ 35,000.00 $ 35,000.00 E-6 SB Bridge-Supported 6-Inch Fiberglass Avista Conduit LS 1 $ 57,850 $ 57,850.00 $ 43,950.00 $ 43,950.00 $ 65,000.00 $ 65,000.00 E-7 SB Bridge-Supported 4-Inch Fiberglass Zayo Conduit LS 1 $ 22,250 $ 22,250.00 $ 21,750.00 $ 21,750.00 $ 35,000.00 $ 35,000.00 Schedule E Subtotal $ 255445.00 $ 251,087.00 $ 367,100.00 k WA State Sales Tax(8.7%) $ 22,,223.72 $ 21,844.57 $ 31,937.70 k SCHEDULE E TOTALIIM $ 277,668.72 $ 272,931.57 $ 399,037.70 k Sullivan Rd W Bridge-Phase 2 Bid Tab.xlsx Page 6 of 7 6/19/2014 BID TAB-SULLIVAN ROAD WEST BRIDGE Sjpo1ui a PHASE 2 BRIDGE REPLACEMENT-CIP#0155 BID OPENING:JUNE 13,2014-10:00 a.m. PDT Total Engineer's Estimate Garco Construction,Inc. Apollo,Inc. Item No. Description Unit Quantity Price/Unit Total Price/Unit I Total Price/Unit I Total BID PROPOSAL SUMMARY MI TOTAL AMOUNT BID SCHEDULE A $ 10,655,941.50 $ 9,663,127.18 i $ 12,547,124.68 i TOTAL AMOUNT BID SCHEDULE B $ 826,324.25 $ 662,232.50 $ 1,021,436.35 i TOTAL AMOUNT BID SCHEDULE C (Incl.WA State Sales Tax) $ 816,684.73 $ 840,447.42 i $ 964,096.23 TOTAL AMOUNT BID SCHEDULE D (Incl.WA State Sales Tax) $ 379,767.61 $ 309,836.31 $ 332,395.90 TOTAL AMOUNT BID SCHEDULE E (Incl.WA State Sales Tax) $ 277,668.72 $ 272,931.57 $ 399,037.70 TOTAL AMOUNT BID ALL SCHEDULES: I $ 12,956,386.80 $ 11,748,574.98 i $ 15,264,090.86 i FOOTNOTES 11l• I I a. Minor irregularity;Garco entered$3,439.00 in both Price/Unit and Total columns.Amount in Price/Unit column corrected to$1.00. b. Minor irregularity;Garco left Price/Unit cell blank. Amount shown reflects amount shown in Total column divided by Units value. c. Minor irregularity;Garco entered Total as$10,348.00. Value shown reflects mathmatical correction. d. Garco entered$9,663,595.18. Value shown reflects mathmatical correction. e. Minor irregularity;Garco entered$11,266.00 in Total column. Value shown reflects mathmatical correction. f. Garco entered$773,220.70. Value shown reflects mathmatical correction. g. Garco entered$67,270.20. Value shown reflects mathmatical correction. h. Garco entered$840,490.90. Value shown reflects mathmatical correction. i. Value shown reflects corrected mathematical Total. j. Minor irregularity;Apollo entered$329,504.00. Value shown reflects mathmatical correction. k. Minor irregularity;Apollo left Total cell blank. Value shown reflects mathmatical correction. CHECKLIST Addenda Acknowledged Yes Yes Subcontractor List Yes Yes Bid Deposit Surety Bond Form Yes Yes Local Agency Disadvantaged Business Enterprise Utilization Certification Yes Yes Minimum DBE Amount Required to Satisfy Goal Based on Total Bid(10%of Total Bid Amount) $ 1,163,466.54 $ 1,512,838.61 Actual DBE Goal Participation Amount Submitted $ 840,128.00 $ 1,511,005.65 Actual DBE Goal Participation Percentage Submitted 7.22% 9.99% Local Agency Disadvantaged Business Enterprise(DBE)Written Confirmation Documents Yes Yes Disadvantaged Business Enterprise Good Faith Effort(GFE)Documentation Yes No Mobilization Percentage 10.09% 9.85% Sullivan Rd W Bridge-Phase 2 Bid Tab.xlsx Page 7 of 7 6/19/2014 CITY OF SPOKANE VALLEY Request for Council Action Meeting Date: June 24, 2014 Department Director Approval: Check all that apply: ❑ consent ❑ old business ® new business ❑ public hearing ❑ information ❑ admin. report ❑ pending legislation ❑ executive session AGENDA ITEM TITLE: Motion Consideration: Bid Award — Sprague Ave Street Preservation Projects (Vista to Herald) #0187 GOVERNING LEGISLATION: SVMC 3.35.10 — Contract Authority PREVIOUS COUNCIL ACTION TAKEN: June 11, 2013 Adopted 2014-2019 Six Year TIP, October 22, 2013 Adopted 2014 Budget, Resolution 13-016. BACKGROUND: The project combines two projects listed on the 2014-2019 Six Year Transportation Improvement Plan: Sprague Avenue Resurfacing (Vista to Argonne) and Sprague Resurfacing (Argonne to Herald). The project is listed as one of the recommended street preservation projects in the Fund 311 Pavement Preservation Fund within the 2014 Budget. Staff prepared plans, specifications and a bid package for the Sprague Street Preservation Projects to resurface Sprague Avenue between Herald Rd and Vista Rd. Bids were advertised on May 30 and June 6, 2014. Bids are scheduled to be opened on Friday, June 20th. A copy of the bid tabulation will be provided at the council meeting. OPTIONS: 1) Award the contract to the lowest responsive and responsible bidder, 2) Not award the contract to the lowest responsive and responsible bidder, or 3) provide additional direction to staff. RECOMMENDED ACTION OR MOTION: Move to award the Sprague Street Preservation Project, CIP #0187 to in the amount of $ and to authorize the City Manager to finalize and execute the construction contract. BUDGET/FINANCIAL IMPACTS: The total project budget is $1,379,900. The project is 86.5% funded by Federal Grant STPUL - 3840(010) with a maximum federal share of$1,193,600. The maximum 13.5% City share of $186,300 will be paid out of Fund 311. Council approved $3,595,521 in the Fund 311 Budget for the 2014 Street Preservation projects. There are sufficient funds in the 2014 Budget to cover the cost for this project. STAFF CONTACT: Eric Guth, PE — Public Works Director ATTACHMENTS: Bid Tabulations to be provided at the Council meeting CITY OF SPOKANE VALLEY Request for Council Action Meeting Date: June 24, 2014 Department Director Approval: Check all that apply: ❑ consent ❑ old business ® new business ❑ public hearing ❑ information ❑ admin. report ❑ pending legislation ❑ executive session AGENDA ITEM TITLE: Motion Consideration: Bid Award, 8th Ave Reconstruction — McKinnon Rd to Fancher Rd (#0196) GOVERNING LEGISLATION: SVMC 3.35.10 — Contract Authority PREVIOUS COUNCIL ACTION TAKEN: (1) March 5, 2013; Info memo with an update on preservation projects, including the 8th Avenue between McKinnon and Fancher; (2) October 8, 2013; Public Hearing on the 2014 Budget, which included the 8th Ave Reconstruction Project, (3) October 22, 2013; Adoption of the 2014 Budget, which included the 8th Ave Reconstruction Project; (4) Info memo on the project on June 10, 2014. BACKGROUND: Council approved the Pavement Management Plan Update for 2011 which included a list of recommended street preservation projects. Eighth Ave between McKinnon and Fancher was included on the list. Under the Pavement Management Plan, the project was expected to be a grind and inlay like other City preservation projects, however the pavement condition has further deteriorated since the 2011 update, and the project was later revised to a reconstruction project. The Council approved 2014 Budget which includes $300,000 for the 8th Ave Reconstruction project. The project was advertised on June 6, 2014, and bids were opened on June 20, 2014. After opening bids and tabulating the results, staff will present the results at the June 24, 2014 Council meeting for award of the contract to the lowest responsible bidder. OPTIONS: (1) Award the 8th Ave Reconstruction — McKinnon Rd to Fancher Rd Project to the lowest responsible bidder, (2) Not award the contract to the lowest responsive and responsible bidder, or (3) provide additional direction to staff. RECOMMENDED ACTION OR MOTION: Move to award the 8th Ave Reconstruction — McKinnon Rd to Fancher Rd Project to the lowest responsible bidder, in the amount of $ and authorize the City Manager to finalize and execute the construction contract. BUDGET/FINANCIAL IMPACTS: The project is included in the 2014 City Budget for $300,000. STAFF CONTACT: Eric Guth, P.E., Public Works Director ATTACHMENTS: Bid Tabulations to be provided at the Council meeting. CITY OF SPOKANE VALLEY Request for Council Action Meeting Date: June 24, 2014 Department Director Approval: n Check all that apply: n consent n old business ® new business n public hearing n information n admin.report n pending legislation AGENDA ITEM TITLE: Motion Consideration: Planning Commission Mayoral Appointment GOVERNING LEGISLATION: Spokane Valley Municipal Code 18.10. BACKGROUND: There is currently one opening on the Planning Commission. That Commission position was formerly held by Chris Sneider who recently resigned to accept a position in another city and move outside our city limits. According to SVMC 18.10, members of the Planning Commission shall be nominated by the Mayor and confirmed by a majority vote of at least four members of the City Council. Planning Commissioners shall be selected without respect to political affiliations, and shall serve without compensation. A vacancy announcement was posted on the City's webpage, and was published in the Spokesman Review and in the Valley News Herald. The deadline to submit an application was 4:00 p.m. Monday, June 16, 2014; and once the deadline passed, copies of the applications were distributed to each Councilmember. It has since been determined that one of the applicants wasn't qualified as a Commissioner since he resided outside the city limits of Spokane Valley. Mayor Grafos will announce his recommendation for this appointment at tonight's meeting. OPTIONS: Confirm or not confirm, the Mayor's recommendation for appointment to the Planning Commission. If the Mayor's recommendation is not confirmed by Council; Mayor Grafos may either make another recommendation,or the matter can be postponed. RECOMMENDED ACTION OR MOTION: "I move to confirm the Mayor's recommended appointment of to the Planning Commission to complete the unexpired term of the recently vacated position,which term expires December 31,2016. BUDGET/FINANCIAL IMPACTS: STAFF CONTACT: Mayo Grafos ATTACHMENTS: Applications were received from Heather Graham, Peter Lawton, Heidi Pierce, and Sam Wood and were previously distributed to Councilmembers. CITY OF SPOKANE VALLEY Request for Council Action Meeting Date: June 24, 2014 Department Director Approval: Check all that apply: ❑ consent ❑ old business ❑ new business ❑ public hearing ❑ information ® admin. report ❑ pending legislation ❑ executive session AGENDA ITEM TITLE: 2014 City Safety Program Call for Projects GOVERNING LEGISLATION: N/A PREVIOUS COUNCIL ACTION TAKEN: Info memo on 2014 City Safety Program Call for Projects, June 10, 2014. BACKGROUND: The Washington State Department of Transportation (WSDOT) issued a 2014 Call for Projects for allocation of Federal Highway Safety Improvement Program (HSIP) funds for safety projects. The federal funds may be used for preliminary engineering and design, purchasing of right-of-way, and construction of city safety improvement projects. Funds will be available in December of 2014. Projects require a local match of 10%. Projects advertised for construction by September 20, 2017 are eligible for 100% funding for construction (no local match required for eligible federal expenditures). Approximately $37 million in federal funds are available for the use of spot location and systematic improvements. Of these funds, $25 million will be allocated to spot location improvements, which include intersection, midblock, or corridor improvements. There is no maximum grant amount per agency for this category. The remaining $12 million will be allocated to systematic improvements, which include widespread, risk-based projects that cover wide areas (or citywide) throughout the city. The maximum grant amount per agency for this category has been established at $1 million. Agencies may apply for an unlimited number of projects, however a maximum of three (3) from each agency will be funded. Staff has begun evaluating the proposed HSIP grant criteria and has identified a draft list of projects to review with council. Information used to develop this draft list of projects includes: • The 2008-2012 (as opposed to the June 10, 2014 RCA which inadvertently mentioned 2009- 2013 data dates) crash data obtained from WSDOT • Federal Highway Administration (FHWA) criteria established within the Manual on Uniform Traffic Control Devices (MUTCD) • Visual observations and being proactive to enhance safety citywide Spot Location Projects: The proposed projects identified below are developed based on the review of the 2008 through 2012 crash data in which safety improvements can result in a reduction of crash types and the severity of crashes. • Intersection of Sullivan Road at Sprague Avenue (intersection improvements) • Intersection of Mission Avenue at State Route 27 (intersection improvements) • McDonald Road — Mission Avenue to 16th Avenue (corridor improvements) • Sullivan Road Safety Study— Mission Avenue to Sprague Avenue (corridor study) Systematic Projects: The proposed projects identified below are developed based on guidelines for improvements established by the FHWA as directed in the MUTCD. • Accessible Pedestrian Signals — Citywide traffic signal upgrades • Reflective signal backplates — Citywide traffic signal enhancements at high volume intersections OPTIONS: Discussion RECOMMENDED ACTION OR MOTION: Discussion BUDGET/FINANCIAL IMPACTS: Project costs are currently being developed in more detail for each project. The City's match on federally funded safety projects is 10% of the total project cost. Projects advertised for construction by September 20, 2017 are eligible for 100% funding for construction (no local match required for eligible federal expenditures). STAFF CONTACT: Sean Messner, PE — Senior Traffic Engineer Eric Guth, PE — Public Works Director ATTACHMENTS: WSDOT 2014 City Safety Program Grant Application, Citywide Safety Presentation 2 14 CityGrant Program 0.0.. ....... ......_ ... 40 ........ ..=.... „... ,....„ . . , \% . , . Aor.,,,,„„ g :: ,: mh. .......,,,,,, ,::,,, *N.......„.... NI ::, ..: ir _ ..,\,,, , _.____ ___. ______. _____ ' ; Roundabouts Corridor Access Backplates with Longitudinal Rumble Enhanced Delineation Management Retroretlective Borders Strips and Stripes on and Friction for Horizontal A Two-Lane Roads Curves n® 1. • eR inpr t I r I k Y 1 1 1 Safety Edge:s1,1 Medians and Pedestrian Pedestrian Hybrid Road Diet Crossing Islands in Urban Beacon and Suburban Areas June 24, 2014 Sean Messner, PE 1 Funding • Highway Safety Improvement Program ( HSIP) •Federal Program •$37 Million available •$25 Million — Spot Location Subprogram •No maximum per agency amount •$12 Million — Systematic Improvements Subprogram •Maximum of $1 Million per agency Funding • Local Match Required •10% for design and study projects •No match required for construction •Must be constructed by September 20, 2017 • Funds will be available December 2014 Purpose • Reduce fatal and serious injury collisions by using engineering countermeasures •Subprograms •Spot Locations •Intersections •Midblock crossings •Corridors •Systematic •Low cost, widespread improvements Selection Process •Applications due to WSDOT on July 16th, 2014 •Maximum of 3 projects per agency •Spot Location subprogram projects •Benefit/cost analysis •Reduction of fatal and/or serious injuries •Adherence to Target Zero criteria •Systematic subprogram projects •Meet FHWA criteria for crash reductions Spot Location Subprogram • Intersection improvements •Sullivan & Sprague •SR 27 & Mission •Corridors •McDonald Road — Mission to 16th •Sullivan Road — Mission to Sprague Spot Location_Subprogram N : 1-,. •Sullivan & Sra ue sK _ - - -. - le SPRAGUE "° •Convert EB shared through-left to dual lefts - 4 me •Modify signal timing •Potentially reduce crashes by 15% Spot Location •SR 27 & Mission •Add southbound right-turn lane - = :r A 1 MIMIPI •Purchase R/W for install MISSION •Traffic signal modifications •Potentially reduce crashes by 14% c Spot Location Subprogram _ . _.m MCDONALD ROAD MISSION TO f6TH • • 'c, HIGHWAY SAFETY IIRROVEMENT PROGRAM(HSIP) • McDonald Road — Mission to 16thr�t ,...0.144:: -0A E Ia r '! in s„��i[f ■ail r�:__= ,a.17.1-01' f1rt Rr ling !F r . ismr.11.. •Convert 4-lane to 3-lane to allow for 1 ' mwooar new bike lanes V ' I'J SW 01 l.1HF iyA.11 TARE 91 SIPNEW r I 7 ! ILA11E ! ! LNE1 1 1 rwsnwc i 1 ,' ® SECTION 1 4113 •Modified traffic signals at i 1,,_ : 5. lit LihE t� SW �} ,: tE LAI 1 1 KW Broadway & Sprague IJr, - '' DIVING of 0 SECTION 1 49S F1 I. -11 •i 1,4111 •Potentiallyreduce crashes i '* wooNALIRaw I: _ nmw" by29% 1 #v MIMS LUM Bf 17/' +- ,I-T .,E CiiO,fY m uYe i Spot Location S . ors • ram /- / / - , / /, / . ,i ._, ,. ...., / _ __ _42, / / / / Aii.:,/ ______ _____ ___,....„ sr 1 li / / / . ,--- ' ill / . , - A 4 .ilk iti 4-Lane With center turn lane Spot Location Subprogram •Sullivan Road — Mission to Sprague 414 ' A : l � •Perform Roadway Safety Audit i ll 'I •Identify safety deficiencies and � i 1 rL „ recomme improvementsWI a i. L 1, • Alls ema isu br� ra m CITY WIDE - REFLECTIVE BACK PLATES AND ACCESSIBLE PEDESTRIAN SIGNAL(APS1SIGNAL UPGRADE: HIGHWAY SAFETY IMPROVEMENT PROGRAM(HSIP) •Systematic ,---i---/-3 , imlrprovements o -110047 , _---1/4. SPOKANE:RI'VtR g E I x, ELM/..1 EUCLLO - I 10‘6.4,-.1.-- .1 MONTGOMERY +. 0 ,, 6,,... •Accessible Pedestrian sP° N� a „Ft a. <<- GoMiAl1MITY .ssur.I w . gl Signals INT,IT,: � MIAM `i.f �= �' AIR GROUN S � � �sr• <E ___________ 1 1 IeRTY 0r Tr ^L,t Y TTM Mae I +x 3n ism +Gri{�'Ai; L AMC� � '01111 \ �� ,t •Yellow Reflective lir , Backplates on traffic I p I NOTES: signal heads �,../ PI AWS BACK `�JJ PLATES • ACCESSIBLE PEDESTRIAN CITY OF SPOKANE VALLEY SIGNAL(APS) LOCATIONS Systematic Subprogram •Accessible Pedestrian Signals ii •Provide audible and detectable tone for visually impaired patrons F In •Review and improve signal timing for pedestrians �_� (sap rt OFz Systematic Subprogram •Yellow Reflective Backplates i •Adds additional awareness to traffic signal indications 411 •Recommended at signals per MUTCD ,d Schedule •Obtain Council input on projects • Develop Project Costs — July 1, 2014 • Final Project List to Council — July 8, 2014 •Submit Applications to WSDOT — July 16, 2014 2014 City Safety Program Grant Application Washington State vfigy Department of Transportation Local Programs Division Instructions: Please fill out this grant application completely.Applications that are not complete will not be considered.Applications can be filled out by hand and attachments can be hand drawn.Applications are due by 11:59 p.m. on Wednesday,July 16,2014 by email to H&LPGrants@wsdot.wa.gov. Please refer to City Safety Program in the subject line of your email. If you have questions about this program, please contact: • Region Local Programs Engineer: See http://www.wsdot.wa.gov/LocalPrograms/regional.htm for contact information. • Susan Bowe, P.E., Traffic Services Manager, susan.bowe@wsdot.wa.gov, 360-705-7380. Date: Type of project: ❑Spot location (projects at intersections, midblock locations, or on corridors)(Spot Location Subprogram) ❑Systematic(low cost,widespread, risk-based projects in the city or over wide areas of the city) (Systematic Subprogram) Project title: Does the project currently have federal funding? Federal aid project number(if assigned): Name of city: WSDOT Region assigned to the city: See http://www.wsdot.wa.gov/LocalPrograms/regional.htm for more information. ❑ Northwest ❑Olympic ❑Southwest ❑North Central ❑South Central ❑Eastern Name of contact person(s)for questions about this grant application: Title: Phone: Email: Mailing address: Legislative district(s): Congressional district: Brief project description: Provide a one to four sentence narrative that summarizes the project work. This is the type of description that could appear in the Statewide Transportation Improvement Program (STIP)entry for the project. Do not include quantities. Example: Improve traffic signal phasing and visibility of traffic signal heads. WSDOT concurrence if the project is on a state route. Projects on state routes must have been coordinated through the appropriate WSDOT regional office.Attach a letter or email that indicates concurrence with this application. Contact the Region Local Programs Engineer to request concurrence. Page 1 of 4 Project location and detailed description of work: Describe in detail the specific improvements to be made and the location(s)where the improvements will be made. Use the format below. See examples. Include specific street and intersection names, including all known versions of the name(example: Pear St./Main St. &4th Ave.). If a project is at a location that was recently annexed from a county, include the county road number(s)and milepost(s) (example: Road 70070 MP 7.07). For projects on state routes, include the state route number(s)and milepost(s) (example: SR 700 MP 70.70). To identify state route mileposts, see http://www.wsdot.wa.qov/mapsdata/roadway/pdf/HwvLog2013Statewide.pdf or http://www.wsdot.wa.qov/mapsdata/tools/srweb.htm.Attach additional sheets if necessary. Also attach a vicinity map(s)that identifies the location of all improvements. Example 1: This example is for a fictitious spot location project titled Peninsula Rd. and Ocean Beach Dr. Intersection Safety. Improvement/countermeasure#1 Install a left turn lane. 1. Peninsula Rd. &Ocean Beach Dr. (north and south legs) Example 2: This example is for a fictitious systematic project titled Orchard District Traffic Signal Improvements. Improvement/countermeasure#1 Install flashing yellow arrow signal operation. 1. Apple St. & 1st Ave. (northbound and southbound) 2. Pear St./Main St. &4th Ave. (northbound and southbound) 3. Quince St./SR 700 MP 70.24& 1st Ave. (northbound) 4. (list continues) Improvement/countermeasure#2 Install yellow retroreflective tape on traffic signal backplates. 1. Apple St. & 1st Ave. 2. (list continues for Apple St.) 3. Apple St. & 10th Ave. 4. Pear St./Main St. & 1st Ave. 5. (list continues for Pear St./Main St.) 6. Pear St./Main St. & 10th Ave. 7. (list continues) Improvement/countermeasure#1 Description: 1. Location 1 2. Location 2 3. etc. Improvement/countermeasure#2 Description: 1. Location 1 2. Location 2 3. etc. Improvement/countermeasure#3 Description: 1. Location 1 2. Location 2 3. etc. Page 2 of 4 Street and pedestrian and bicycle facility characteristics: Complete the following questions. Attach additional sheets if necessary. Describe the existing pedestrian and bicycle facilities at the project location. Identify the roadway width, sidewalk width, number and configuration of lanes and bicycle lanes,speed limit, and the estimated average daily traffic(ADT)volume. Do the existing pedestrian and bicycle facilities meet your city's current design standards and Americans with Disabilities Act standards? What pedestrian and bicycle facilities does this project address? For pedestrian and bicycle facilities not addressed by this project, what would it cost to bring those facilities up to current standards? Crashes (crash types) addressed: The project must address at least one fatal or serious injury crash or crash type from 2008-2012 (calendar years)found in WSDOT's collision database.A benefit/cost process will be used to score grant applications. Provide a description of the fatal and/or serious injury crashes or the fatal and/or serious injury crash types being addressed by the proposed improvements/countermeasures. Refer to the actual collision report numbers if you feel that this would be helpful. Attach additional sheets if necessary. To request collision data for your project, complete a 2014 City Safety Program Request for Collision Data form at http://www.wsdot.wa.gov/mapsdata/collision/pdf/2014_CitySafetyProgram_CollisionDataRequest.pdf. If a project is at a location that was recently annexed from a county, include the county road number(s)and milepost(s). The form can be returned by mail,fax, or email to: Collision Data &Analysis Branch, Washington State Department of Transportation, P.O. Box 47381, Olympia, WA 98504-47381,fax: 360-570-2449, email: collisionanalvsis@wsdot.wa.gov. For questions about ordering data, please contact 360-570-2454 or collisionanalvsis@wsdot.wa.gov. Once the data is received, please direct all questions to your agency's Region Local Program Engineer or Susan Bowe (Susan.Bowe@wsdot.wa.gov, 360-705-7380). Page 3 of 4 Project cost and Grant Request: Projects require a 10 percent local match. Projects that are advertised for construction by September 30, 2017 are eligible for 100%funding for construction (no local match required for eligible federal expenditures). Projects must be fully funded between this grant and other funding sources, if applicable. Include a detailed cost estimate with this application. The estimate must clearly show totals for all project phases (preliminary engineering, right-of-way, construction), as applicable. The cost estimate for construction must be determined assuming that the project will be built by contract and follow the Local Agency Guidelines (LAG) manual. Phase Total cost Amount funded from Match (Amount Amount requested previous Highway funded from from this grant(2014 Safety Improvement other sources) City Safety Program) Program (HSIP) funds Preliminary Engineering Right-of-Way Construction Total Identify the source of matching funds utilized for this project: Estimated milestones from the project schedule: Provide the estimated month and year for each milestone below. The milestones need to be determined assuming that the project will be built by contract, not by local agency or a partner agency's forces. Project selections will be made in December 2014. Project added to the local agency's Transportation Improvement Program (TIP): Project added to the regional TIP: Project inclusion in the Statewide Transportation Improvement Program (STIP): Project definition (Project Prospectus and Local Agency Agreement signed/Begin PE): National Environmental Policy Act (NEPA) kickoff: Environmental documents approved: Right of way start: Right of way certified: Geometric/30%design complete: General plan160%design complete: Advertisement date: Contract award date: Open to traffic (operationally complete)date: Page 4 of 4 CITY OF SPOKANE VALLEY Request for Council Action Meeting Date: June 24, 2014 Department Director Approval: X Check all that apply: ❑ consent ❑ old business ❑ new business ❑ public hearing ❑ information QX admin. report ❑ pending legislation ❑ executive session AGENDA ITEM TITLE: City participation in the Office of the State Treasurer's Local Government Investment Pool (LGIP). GOVERNING LEGISLATION: RCW 43.250.010 and City of Spokane Valley Resolution #02-09 and Resolution #14-001. PREVIOUS COUNCIL ACTION TAKEN: The City's participation in the Washington State Treasurer's Local Government Investment Pool (LGIP) was initially approved by the City Council on December 10, 2002 via Resolution #02-09 and as recently as January 14, 2014 via the Council approval of Resolution #14-001. BACKGROUND: Since its inception the City has placed a portion of its investable money in the Local Government Investment Pool (LGIP) and the initial authorization to do so was granted via the adoption of Resolution #02-09 in December 2002 and as recently as January 14, 2014 the Council approved Resolution #14-001 which again authorized the City's participation in the LGIP. As a matter of routine, the Office of the State Treasurer is requesting that all municipalities across the State adopt an updated resolution with language crafted by them that authorizes continued participation in the LGIP. This updated resolution includes a Transaction Authorization Form that names the specific City personnel authorized to transact with the LGIP. Beyond being a place to invest money the LGIP also serves as the only vehicle by which the Washington State Treasurer makes monthly deposits of proceeds from a number of sources including sales tax, motor vehicle fuel tax, liquor excise tax, liquor profits and construction grant reimbursements. The LGIP invests funds in priority order of 1) safety of principal, 2) maintaining liquidity to meet cash flow needs, and 3) providing competitive interest rate relative to other comparable investment alternatives. The LGIP offers 100% liquidity to its participants which means we can withdraw as much from our account as we need with just a one-day notice. In order to meet this objective the LGIP: • Limits investments to securities with a maximum final maturity of 397 days • Maintain a weighted average maturity of 60 days or shorter. • Maintain a weighted average life of 120 days. • Limit the purchase of investments in securities other than those issued by the U.S. government or its agencies. P:IClerklAgendaPackets for Weblagendapacket 2014, 06-2411tem 11 LGIP RCA for resolution.docx LGIP participants include: • All 39 counties in the State of Washington. • All cities above a population of 10,000. • 160 special taxing districts. • 30 community colleges and universities. • 7 State agencies. • 24 miscellaneous. LGIP Participation by Entity Type Number By Account of Accounts Size Cities 36% 26% Counties 6% 47% Special Districts 24% 19% Colleges & Universities 4% 4% Bond Accounts 30% 4% 100% 100% Source is Washington State Treasruer's Office LGIP Investments March 2014 Calendar Year 2014 Investment Average Average Type Balance Percentage Balance Percentage Agency bullets 18,548,387 0.19% 25,555,552 0.27% Agency discount notes 3,836,748,663 40.26% 4,477,992,804 46.62% Agency floating rate notes 575,169,412 6.04% 572,945,899 5.97% Agency variable rate notes 806,991,065 8.47% 775,941,305 8.08% Certificates of deposit 62,450,000 0.66% 63,076,944 0.66% IB Bank deposits 828,375,530 8.69% 1,022,226,202 10.64% Repurchase agreements 381,650,226 4.00% 247,652,644 2.58% Term repurchase agreements 1,627,419,355 17.08% 1,487,500,000 15.49% U.S. Treasury securities 1,293,205,794 13.57% 898,626,811 9.36% U.S. Treasury floating rate notes 99,960,185 1.05% 33,541,399 0.35% 9,530,518,617 100.00% 9,605,059,560 100.00% Average days to maturity 54 Source is Washington State Treasruer's Office OPTIONS: We are seeking Council consensus to proceed to the adoption of a resolution at a future Council meeting. RECOMMENDED ACTION OR MOTION: We are seeking Council consensus to proceed to the adoption of a resolution at a future Council meeting. P:IClerklAgendaPackets for Weblagendapacket 2014, 06-2411tem 11 LGIP RCA for resolution.docx BUDGET/FINANCIAL IMPACTS: The Local Government Investment Pool (LGIP) serves as the only vehicle by which the State of Washington disburses to cities tax collections including sales tax, motor vehicle fuel tax, liquor excise tax, liquor profits and construction grant reimbursements. STAFF/COUNCIL CONTACT: Mark Calhoun ATTACHMENTS: • Resolution #14-005 • LGIP Prospectus dated January 2014 P:IClerklAgendaPackets for Weblagendapacket 2014, 06-2411tem 11 LGIP RCA for resolution.docx DRAFT RESOLUTION 14- AUTHORIZING INVESTMENT OF CITY OF SPOKANE VALLEY MONIES IN THE LOCAL GOVERNMENT INVESTMENT POOL WHEREAS, pursuant to Chapter 294, Laws of 1986, the Legislature created a trust fund to be known as the public funds investment account (commonly referred to as the Local Government Investment Pool (LGIP)) for the contribution and withdrawal of money by an authorized governmental entity for purposes of investment by the Office of the State Treasurer; and WHEREAS, from time to time it may be advantageous to the authorized governmental entity, City of Spokane Valley, the "governmental entity", to contribute funds available for investment in the LGIP; and WHEREAS,the investment strategy for the LGIP is set forth in its policies and procedures; and WHEREAS, any contributions or withdrawals to or from the LGIP made on behalf of the governmental entity shall be first duly authorized by the City Council of the City Spokane Valley, WA, the "governing body" or any designee of the governing body pursuant to this resolution or a subsequent resolution; and WHEREAS,the governmental entity will cause to be filed a certified copy of said resolution with the Office of the State Treasurer;and WHEREAS, the governing body and any designee appointed by the governing body with authority to contribute or withdraw funds of the governmental entity has received and read a copy of the prospectus and understands the risks and limitations of investing in the LGIP; and WHEREAS, the governing body attests by the signature of its members that it is duly authorized and empowered to direct the contribution or withdrawal of governmental entity monies, and to delegate certain authority to make adjustments to the incorporated transactional forms, to the individuals designated herein. NOW THEREFORE, BE IT RESOLVED that the governing body does hereby authorize the contribution and withdrawal of governmental entity monies in the LGIP in the manner prescribed by law, rule,and prospectus. BE IT FURTHER RESOLVED that the governing body has approved the Local Government Investment Pool Transaction Authorization Form(Form) as substantially completed by the City Manager and incorporates said form into this resolution by reference and does hereby attest to its accuracy. The City Manager is further authorized to complete the Form with appropriate bank account numbers and submit it to the LGIP. BE IT FURTHER RESOLVED that the governmental entity designates Mike Jackson, City Manager as the "authorized individual" to authorize all amendments, changes, or alterations to the Form or any other documentation including the designation of other individuals to make contributions and withdrawals on behalf of the governmental entity. BE IT FURTHER RESOLVED that this delegation ends upon the written notice, by any method set forth in the prospectus, of the governing body that the authorized individual has been terminated or Resolution 14- Authorizing Investment in Washington Local Government Investment Pool Page 1 of 4 DRAFT that his or her delegation has been revoked. The Office of the State Treasurer will rely solely on the governing body to provide notice of such revocation and is entitled to rely on the authorized individual's instructions until such time as said notice has been provided. BE IT FURTHER RESOLVED that the Form as incorporated into this resolution or hereafter amended by delegated authority, or any other documentation signed or otherwise approved by the authorized individual shall remain in effect after revocation of the authorized individual's delegated authority, except to the extent that the authorized individual whose delegation has been terminated shall not be permitted to make further withdrawals or contributions to the LGIP on behalf of the governmental entity. No amendments, changes, or alterations shall be made to the Form or any other documentation until the entity passes a new resolution naming a new authorized individual; and BE IT FURTHER RESOLVED that the governing body acknowledges that it has received the prospectus as provided by the Office of the State Treasurer. In addition,the governing body agrees that a copy of the prospectus will be provided to any person delegated or otherwise authorized to make contributions or withdrawals into or out of the LGIP and that said individuals will be required to read the prospectus prior to making any withdrawals or contributions or any further withdrawals or contributions if authorizations are already in place. Effective Date. This Resolution shall be effective upon adoption. Adopted this day of July,2014. City of Spokane Valley Dean Grafos,Mayor ATTEST: City Clerk, Christine Bainbridge Approved as to Form: Office of the City Attorney Resolution 14- Authorizing Investment in Washington Local Government Investment Pool Page 2 of 4 DRAFT LOCAL GOVERNMENT INVESTMENT POOL TRANSACTION AUTHORIZATION FORM Please fill out this form completely,including any existing information, as this form will replace the previous form. Name of Entity: City of Spokane Valley, WA Mailing Address: Fax Number: 509-688-0236 11707 E. Sprague Ave., Suite 106 Spokane Valley, WA 99206 E-mail Contact: mcalhoun@spokanevalley.org Do you wish to have your monthly LGIP statements faxed to the number listed above? Please note—if you choose to receive statements via fax,you will not receive another copy via U.S. mail. n YES, please fax statements n No, please send statements via U.S. mail Bank account where funds will be wired when a withdrawal is requested. (Note: Funds will not be transferred to any account other than that listed). Bank Name: Banner Bank Branch Location: 802 W. Riverside Avenue; Spokane, WA 99201 Bank Routing Number: Account Number: Account Name: Persons authorized to make deposits and withdrawals for the entity listed above. Name Title Signature Telephone Number Mark S. Calhoun Finance Director 509-720-5040 Dan Duffey Accounting Manager 509-720-5043 By signature below,I certify I am authorized to represent the institution/agency for the purpose of this transaction. Finance Director Resolution 14- Authorizing Investment in Washington Local Government Investment Pool Page 3 of 4 DRAFT Name Title Signature Telephone Number Mark S. Calhoun Finance Director 509-720-5040 Dan Duffey Accounting Manager 509-720-5043 By signature below,I certify I am authorized to represent the institution/agency for the purpose of this transaction. (Authorized Signature) (Title) (Date) mcalhoun@spokanevallev.org 509-720-5040 (Print Authorized Signature) (E-mail Address) (Telephone number) Any changes to these instructions must be submitted in writing to the Office of the State Treasurer. Please mail this form to the address listed below: OFFICE OF THE STATE TREASURER Date Received: LOCAL GOVERNMENT INVESTMENT POOL Fund Number: PO Box 40200 OLYMPIA,WA 98504-0200 FAX: (360)902-9044 State of Washington ) County of Signed or attested before me by Dated this day of , 20_. Signature of Notary Resolution 14- Authorizing Investment in Washington Local Government Investment Pool Page 4 of 4 LOCAL GOVERNMENT INVESTMENT POOL Prospectus January 2014 /7"73/**, 17)1 �e ❑ ❑' SKIING '' James L. McIntire Washington State Treasurer Contents I. The LGIP 3-4 II. Local Government Investment Pool—Money Market Fund 4-9 III. Management 9 IV. Miscellaneous 9-10 2 The Local Government Investment Pool (the "LGIP") is an investment pool of public funds placed in the custody of the Office of the Washington State Treasurer(the "State Treasurer")for investment and reinvestment as defined by RCW 43.250.020. The purpose of the LGIP is to allow eligible governmental entities to participate with the state in the investment of surplus public funds, in a manner that optimizes liquidity and return on such funds. In establishing the LGIP,the legislature recognized that not all eligible governmental entities are able to maximize the return on their temporary surplus funds, and therefore it provided a mechanism whereby they may, at their option, utilize the resources of the State Treasurer to maximize the potential of their surplus funds while ensuring the liquidity of those funds. The State Treasurer has established a sub-pool within the LGIP whose shares are offered by means of this Prospectus:The LGIP-Money Market Fund (the "LGIP-MMF" or the "Fund"). The State Treasurer has the authority to establish additional sub-pools in the future. The Fund offered in this Prospectus seeks to provide current income by investing in high-quality, short term money market instruments. These standards are specific to the Fund, as illustrated in the following table. The LGIP-MMF offers daily contributions and withdrawals. FUND SNAPSHOT The table below provides a summary comparison of the Fund's investment types and sensitivity to interest rate risk. This current snapshot can be expected to vary over time. Investment Types Maximum Dollar-Weighted Average Maturity for LGIP-MMF LGIP-Money Market Fund Cash 60 days Current Investments(as of November Bank Deposits 1,2013) US Treasury bills Repurchase agreements US Government agency obligations Fees and Expenses Administrative Fee. The State Treasurer charges pool participants a fee representing administration and recovery costs associated with the operation of the Fund. The administrative fee accrues daily from pool participants' earnings prior to the earnings being posted to their account. The administrative fee will be paid monthly. In the event that there are no earnings,the administrative fee will be deducted from principal. The chart below illustrates the operating expenses of the LGIP-MMF for past years, expressed in basis points as a percentage of fund assets. 3 Local Government Investment Pool-MMF Operating Expenses by Fiscal Year(in Basis Points) 2006 2007 2008 2009 2010 2011 2012 2013 Total Operating Expenses 1.12 0.96 0.84 0.88 0.64 0.81 0.68 0.87 (1 basis point=0.01%) Because most of the expenses of the LGIP-MMF are fixed costs,the fee (expressed as a percentage of fund assets) will be affected by: (i)the amount of operating expenses; and (ii)the assets of the LGIP-MMF. The table below shows how the fee (expressed as a percentage of fund assets)would change as the fund assets change, assuming an annual fund operating expenses amount of$800,000. Fund Assets $6.0 bn $8.0 bn $10.0 bn Total Operating Expenses(in Basis Points) 1.33 1.0 .80 Portfolio Turnover:The Fund does not pay a commission or fee when it buys or sells securities(or"turns over" its portfolio). However, debt securities often trade with a bid/ask spread. Consequently, a higher portfolio turnover rate may generate higher transaction costs that could affect the Fund's performance. II. Local Government Investment Pool - Money Market Fund Investment Objective The LGIP-MMF will seek to effectively maximize the yield while maintaining liquidity and a stable share price of $1. Principal Investment Strategies The LGIP-MMF will seek to invest primarily in high-quality, short term money market instruments. Typically, at least 55%of the Fund's assets will be invested in US government securities and repurchase agreements collateralized by those securities. The LGIP-MMF means a sub-pool of the LGIP whose investments will primarily be money market instruments. The LGIP-MMF will only invest in eligible investments permitted by state law. The LGIP-MMF will not be an SEC-registered money market fund and will not be required to follow SEC Rule 2a-7. Investments of the LGIP-MMF will conform to the LGIP Investment Policy,the most recent version of which will be posted on the LGIP website and will be available upon request. Principal Risks of Investing in the LGIP-Money Market Fund Counterparty Credit Risk. A party to a transaction involving the Fund may fail to meet its obligations.This could cause the Fund to lose the benefit of the transaction or prevent the Fund from selling or buying other securities to implement its investment strategies. Interest Rate Risk. The LGIP-MMF's income may decline when interest rates fall. Because the Fund's income is based on short-term interest rates,which can fluctuate significantly over short periods, income risk is expected to be high. In addition, interest rate increases can cause the price of a debt security to decrease and even lead to a loss of principal. 4 Liquidity Risk. Liquidity risk is the risk that the Fund will experience significant net withdrawals of Fund shares at a time when it cannot find willing buyers for its portfolio securities or can only sell its portfolio securities at a material loss. Management Risk. Poor security selection or an ineffective investment strategy could cause the LGIP-MMF to underperform relevant benchmarks or other funds with a similar investment objective. Issuer Risk. The LGIP-MMF is subject to the risk that debt issuers and other counterparties may not honor their obligations. Changes in an issuer's credit rating(e.g., a rating downgrade)or the market's perception of an issuer's creditworthiness could also affect the value of the Fund's investment in that issuer. The degree of credit risk depends on both the financial condition of the issuer and the terms of the obligation.Also, a decline in the credit quality of an issuer can cause the price of a money market security to decrease. Securities Lending Risk and Reverse Repurchase Agreement Risk. The LGIP-MMF may engage in securities lending or in reverse repurchase agreements. Securities lending and reverse repurchase agreements involve the risk that the Fund may lose money because the borrower of the Fund's securities fails to return the securities in a timely manner or at all or the Fund's lending agent defaults on its obligations to indemnify the Fund, or such obligations prove unenforceable. The Fund could also lose money in the event of a decline in the value of the collateral provided for loaned securities or a decline in the value of any investments made with cash collateral. Risks Associated with use of Amortized Cost. The use of amortized cost valuation means that the LGIP-MMF's share price may vary from its market value NAV per share. In the unlikely event that the State Treasurer were to determine that the extent of the deviation between the Fund's amortized cost per share and its market-based NAV per share may result in material dilution or other unfair results to shareholders,the State Treasurer may cause the Fund to take such action as it deems appropriate to eliminate or reduce to the extent practicable such dilution or unfair results. An investment in the LGIP-MMF is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of investments at$1 per share, pool participants could lose money by investing in the LGIP-MMF.There is no assurance that the LGIP-MMF will achieve its investment objective. Performance The following information is intended to address the risks of investing in the LGIP-MMF. The information illustrates changes in the performance of the LGIP-MMF's shares from year to year. Returns are based on past results and are not an indication of future performance. Updated performance information may be obtained on our website at www.tre.wa.gov or by calling the LGIP toll-free at 800-331-3284. 5 Fiscal Year-by-Year Returns: Net Yield Local Government Investment Pool 6.00% 5.21% 5.00% - - - 4.14% 4.04% 4.00% 3.00% 2.13% 2.00% 1.46% 1.05% 4 1.59% 1.00% A • ° 0.22% 0.14% 0.17% 0.00% r � 11 -1.00% -2.00% -3.00% 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Local Government Investment Pool-Money Market Fund Average Accrued Net Yield 1 Year 3 years 5 years 10 years 0.17% 0.19% .52% 1.94% Transactions: LGIP-MM} General Information The minimum transaction size (contributions or withdrawals)for the LGIP-MMF will be five thousand dollars. The State Treasurer may, in its sole discretion, allow for transactions of less than five thousand dollars. Valuing Shares The LGIP-MMF will be operated using a net asset value (NAV)calculation based on the amortized cost of all securities held such that the securities will be valued at their acquisition cost, plus accrued income, amortized daily. The Fund's NAV will be the value of a single share. NAV will normally be calculated as of the close of business of the NYSE, usually 4:00 p.m. Eastern time. If the NYSE is closed on a particular day,the Fund will be priced on the next day the NYSE is open. 6 NAV will not be calculated and the Fund will not process contributions and withdrawals submitted on days when the Fund is not open for business. The time at which shares are priced and until which contributions and withdrawals are accepted is specified below and may be changed as permitted by the State Treasurer. To the extent that the LGIP-MMF's assets are traded in other markets on days when the Fund is not open for business,the value of the Fund's assets may be affected on those days. In addition,trading in some of the Fund's assets may not occur on days when the Fund is open for business. Transaction Limitation The State Treasurer reserves the right at its sole discretion to set a minimum and/or maximum transaction amount from the LGIP-MMF and to limit the number of transactions,whether contribution,withdrawal, or transfer permitted in a day or any other given period of time. The State Treasurer also reserves the right at its sole discretion to reject any proposed contribution, and in particular to reject any proposed contribution made by a pool participant engaged in behavior deemed by the State Treasurer to be abusive of the LGIP-MMF. A pool participant may transfer funds from one LGIP-MMF account to another subject to the same time and contribution limits as set forth in WAC 210.10.060. Contributions Pool participants may make contributions to the LGIP-MMF on any business day. All contributions will be effected by electronic funds transfer to the account of the LGIP-MMF designated by the State Treasurer. It is the responsibility of each pool participant to pay any bank charges associated with such electronic transfers to the State Treasurer. Failure to wire funds by a pool participant after notification to the State Treasurer of an intended transfer will result in penalties. Penalties for failure to timely wire will be assessed to the account of the pool participant responsible. Notice. To ensure same day credit, a pool participant must inform the State Treasurer of any contribution over one million dollars no later than 9 a.m. on the same day the contribution is made. Contributions for one million dollars or less can be requested at any time prior to 10 a.m. on the day of contribution. For all other contributions over one million dollars that are requested prior to 10 a.m., a pool participant may receive same day credit at the sole discretion of the State Treasurer. Contributions that receive same day credit will count,for earnings rate purposes, as of the day in which the contribution was made. Contributions for which no notice is received prior to 10:00 a.m.will be credited as of the following business day. Notice of contributions may be given by calling the Local Government Investment Pool (800-331-3284)OR by logging on to State Treasurer's Treasury Management System ("TMS"). Please refer to the LGIP-MMF Operations Manual for specific instructions regarding contributions to the LGIP-MMF. Direct deposits from the State of Washington will be credited on the same business day. Pricing. Contribution requests received in good order will receive the NAV per unit of the LGIP-MMF next determined after the order is accepted by the State Treasurer on that contribution date. Withdrawals Pool participants may withdraw funds from the LGIP-MMF on any business day. Each pool participant shall file with the State Treasurer a letter designating the financial institution at which funds withdrawn from the LGIP-MMF shall be deposited (the "Letter").This Letter shall contain the name of the financial institution,the location of the financial institution,the account name, and the account number to which funds will be deposited.This Letter shall be signed by local officials authorized to receive and disburse funds, as described in WAC 210-10-020. 7 Disbursements from the LGIP-MMF will be effected by electronic funds transfer. Failure by the State Treasurer to wire funds to a pool participant after proper notification to the State Treasurer to disburse funds to a pool participant may result in a bank overdraft in the pool participant's bank account.The State Treasurer will reimburse a pool participant for such bank overdraft penalties charged to the pool participant's bank account. Notice. In order to withdraw funds from the LGIP-MMF, a pool participant must notify the State Treasurer of any withdrawal over one million dollars no later than 9 a.m. on the same day the withdrawal is made. Withdrawals for one million dollars or less can be requested at any time prior to 10 a.m. on the day of withdrawal. For all other withdrawals from the LGIP-MMF over one million dollars that are requested prior to 10 a.m., a pool participant may receive such withdrawal on the same day it is requested at the sole discretion of the State Treasurer. No earnings will be credited on the date of withdrawal for the amounts withdrawn. Notice of withdrawals may be given by calling the Local Government Investment Pool (800-331-3284)OR by logging on to TMS. Please refer to the LGIP-MMF Operations Manual for specific instructions regarding withdrawals from the Fund. Pricing. Withdrawal requests with respect to the LGIP-MMF received in good order will receive the NAV per unit of the LGIP-MMF next determined after the order is accepted by the State Treasurer on that withdrawal date. Suspension of Withdrawals. If the State Treasurer has determined that the deviation between the Fund's amortized cost price per share and the current net asset value per share calculated using available market quotations (or an appropriate substitute that reflects current market conditions) may result in material dilution or other unfair results,the State Treasurer may, if it has determined irrevocably to liquidate the Fund, suspend withdrawals and payments of withdrawal proceeds in order to facilitate the permanent termination of the Fund in an orderly manner. The State Treasurer will distribute proceeds in liquidation as soon as practicable, subject to the possibility that certain assets may be illiquid, and subject to subsequent distribution, and the possibility that the State Treasurer may need to hold back a reserve to pay expenses. The State Treasurer also may suspend redemptions if the New York Stock Exchange suspends trading or closes, if US bond markets are closed, or if the Securities and Exchange Commission declares an emergency. If any of these events were to occur, it would likely result in a delay in the pool participants' redemption proceeds. The State Treasurer will notify pool participants within five business days of making a determination to suspend withdrawals and/or irrevocably liquidate the fund and the reason for such action. Earnings and Distribution LGIP-MMF Daily Factor The LGIP-MMF daily factor is a net earnings figure that is calculated daily using the investment income earned (excluding realized gains or losses)each day, assuming daily amortization and/or accretion of income of all fixed income securities held by the Fund, less the administrative fee. The daily factor is reported on an annualized 7-day basis, using the daily factors from the previous 7 calendar days. The reporting of a 7-day annualized yield based solely on investment income which excludes realized gains or losses is an industry standard practice that allows for the fair comparison of funds that seek to maintain a constant NAV of$1.00. LGIP-MMF Actual Yield Factor The LGIP-MMF actual yield factor is a net daily earnings figure that is calculated using the total net earnings including realized gains and losses occurring each day, less the administrative fee. 8 Dividends The LGIP-MMF's dividends include any net realized capital gains or losses, as well as any other capital changes other than investment income, and are declared daily and distributed monthly. Distribution The total net earnings of the LGIP-MMF will be declared daily and paid monthly to each pool participant's account in which the income was earned on a per-share basis.These funds will remain in the pool and earn additional interest unless withdrawn and sent to the pool participant's designated bank account as specified on the Authorization Form. Interest earned will be distributed monthly on the first business day of the following month. Monthly Statements and Reporting On the first business day of every calendar month, each pool participant will be sent a monthly statement which includes the pool participant's beginning balance, contributions,withdrawals,transfers, administrative charges, earnings rate, earnings, and ending balance for the preceding calendar month.Also included with the statement will be the monthly enclosure.This report will contain information regarding the maturity structure of the portfolio and balances broken down by security type. The State Treasurer is the manager of the LGIP-MMF and has overall responsibility for the general management and administration of the Fund. The State Treasurer has the authority to offer additional sub-pools within the LGIP at such times as the State Treasurer deems appropriate in its sole discretion. Administrator and Transfer Agent. The State Treasurer will serve as the administrator and transfer agent for the Fund. Custodian. A custodian for the Fund will be appointed in accordance with the terms of the LGIP Investment Policy. !V Miscellaneous Limitation of Liability All persons extending credit to, contracting with or having any claim against the Fund offered in this Prospectus shall look only to the assets of the Fund that such person extended credit to, contracted with or has a claim against, and none of(i)the State Treasurer, (ii) any subsequent sub-pool, (iii)any pool participant, (iv)the LGIP, or (\il the State Treasurer's officers, employees or agents (whether past, present or future), shall be liable therefor. The determination of the State Treasurer that assets, debts, liabilities, obligations, or expenses are allocable to the Fund shall be binding on all pool participants and on any person extending credit to or contracting with or having any claim against the LGIP or the Fund offered in this Prospectus. There is a remote risk that a court may not enforce these limitation of liability provisions. 9 Amendments This Prospectus and the attached Investment Policy may be amended from time to time. Pool participants shall receive notice of changes to the Prospectus and the Investment Policy. The amended and restated documents will be posted on the State Treasurer website: www.tre.wa.gov. Should the State Treasurer deem appropriate to offer additional sub-pools within the LGIP, said sub-pools will be offered by means of an amendment to this prospectus. LGIP-MMF Contact Information Internet:www.tre.wa.gov Treasury Management System/TMS Phone: 1-800-331-3284(within Washington State) Mail: Office of the State Treasurer Local Government Investment Pool PO Box 40200 Olympia,Washington 98504 FAX: 360-902-9044 10 DRAFT ADVANCE AGENDA For Planning Discussion Purposes Only as of June 19,2014; 8:30 a.m. Please note this is a work in progress; items are tentative To: Council & Staff From: City Clerk, by direction of City Manager Re: Draft Schedule for Upcoming Council Meetings July 1,2014 no meeting July 8,2014,Formal Meeting Format,6:00 p.m. [due Mon,June 30] 1. Consent Agenda(claims,payroll,minutes) (5 minutes) 2.First Reading Proposed Ordinance 14-007,2003 Bond—Mark Calhoun,Erik Lamb (15 minutes) 3. Proposed Resolution: Participation in Local Government Investment Pool—M.Calhoun (5 minutes) 4.Motion Consideration: Browns Park Master Plan—Mike Stone (20 minutes) 5.Motion Consideration: Highway Safety Improvement Program Grant—Sean Messner (10 minutes) 6.Admin Report:North South Corridor Project—Keith Metcalf,Eric Guth (30 minutes) 7.Admin Report: McMillan Road—Gabe Gallinger,Erik Lamb (20 minutes) 8.Admin Report: Marijuana Regulations—Erik Lamb (20 minutes) 9.Admin Report: Advance Agenda (5 minutes) 10. Info Only: (a)Transportation Improvement Board(TIB) Call for Projects; (b)WSDOT Interlocal re Traffic Operation and Maintenance;(c) STA Interlocal re fiber [*estimated meeting: 130 minutes] July 15,2014, Study Session Format,6:00 p.m. [due Mon,July 7] ACTION ITEMS: 1. Second Reading Proposed Ordinance 14-007,2003 Bond—Mark Calhoun ,Erik Lamb (15 minutes) 2.First Reading Proposed Ordinance,Marijuana Regulations—Erik Lamb (15 minutes) 3. Proposed Resolution Opening McMillan Road—Gabe Gallinger,Erik Lamb (10 minutes) NON-ACTION ITEMS 4. TIB Call for Projects—Steve Worley (20 minutes) 5.WSDOT Interlocal Agreement,Traffic Operations and Maintenance—Eric Guth (10 minutes) 6. STA Interlocal Agreement,Fiber—Eric Guth (10 minutes) 7.Advance Agenda (5 minutes) [*estimated meeting: 85 minutes] July 22,2014,Formal Meeting Format,6:00 p.m. [due Mon,July 14] 1. Consent Agenda(claims,payroll,minutes) (5 minutes) 2. Second Reading Proposed Ordinance,Marijuana Regulations—Erik Lamb (15 minutes) 3.Motion Consideration: Bid Award Appleway Trail,University to Pines—E. Guth (10 minutes) 4.Motion Consideration: Bid Award Mansfield Ave Connection—E. Guth (10 minutes) 5.Motion Consideration: TIB Call for Projects List—Steve Worley (10 minutes) 6.Motion Consideration: Interlocal Agreement,WSDOT Operation and Maintenance—Eric Guth(10 minutes) 7.Motion Consideration: Interlocal Agreement, STA,Fiber—Eric Guth (10 minutes) 8.Admin Report: Advance Agenda (5 minutes) 9. Info Only: Department Monthly Reports [*estimated meeting: 75 minutes] July 29,2014 no meeting August 5,2014 No Meeting-National Night Out August 12,2014,Formal Meeting Format,6:00 p.m. [due Mon,Aug 4] 1. Consent Agenda(claims,payroll,minutes) (5 minutes) 2.Motion Consideration: Bid Award,Argonne Corridor Upgrade—Eric Guth (10 minutes) 3.Admin Report: Estimated Revenues and Expenditures 2015 budget—Mark Calhoun (15 minutes) 4.Admin Report: Advance Agenda (5 minutes) [*estimated meeting: 35 minutes] Draft Advance Agenda 6/19/2014 4:00:33 PM Page 1 of 3 August 19,2014, Study Session Format, 6:00 p.m. [due Mon,Aug 11] 1.Advance Agenda (5 minutes) Au2ust 26,2014,Formal Meetin2 Format,6:00 p.m. [due Mon,Aug 18] 1. PUBLIC HEARING: Proposed 2015 Budget—Mark Calhoun (15 minutes) 2. Consent Agenda(claims,payroll,minutes,motion to set 9/23 Budget hearing) (5 minutes) 3.Admin Report: Advance Agenda (5 minutes) 4. Info Only: Department Monthly Reports [*estimated meeting: 25 minutes] September 2,2014, Study Session Format,6:00 p.m. [due Mon,Aug 25 1. Outside Agencies Presentations [5 min each]: (a)Economic Development,(b) Social Service) (—90 min) 2.Admin report on proposed ordinance adopting 2015 property taxes (20 minutes) 3.Advance Agenda (5 minutes) September 9,2014,Formal Meetin2 Format,6:00 p.m. [due Tues,Sept 2] 1. Consent Agenda(claims,payroll,minutes) (5 minutes) 2. Community Development Block Grant Proposed Projects—Comm Dev (20 minutes) 3.Admin Report: City Manager presentation of 2015 Preliminary Budget (30 minutes) 4.Admin Report: Advance Agenda (5 minutes) [*estimated meeting: 60 minutes] September 16,2014, Study Session Format, 6:00 p.m. [due Mon, Sept 8] 1.Advance Agenda (5 minutes) September 23,2014,Formal Meetin2 Format,6:00 p.m. [due Mon, Sept 15] 1. PUBLIC HEARING: CDBG Proposed Projects—Comm Dev (15 minutes) 2. PUBLIC HEARING: Proposed 2015 Budget—Mark Calhoun (15 minutes) 3. Consent Agenda(claims,payroll,minutes) (5 minutes) 4.First Reading Proposed Property Tax Ordinance—Mark Calhoun (10 minutes) 5.Motion Consideration: CDBG Proposed Projects—Comm Dev. (10 minutes) 6.Motion Consideration: Outside Agency Allocations for 2015—Mark Calhoun (15 minutes) 7.Admin Report: Proposed 2014 Budget Amendment—Mark Calhoun (20 minutes) 8.Admin Report: Advance Agenda (5 minutes) 9. Info Only: Department Monthly Reports [*estimated meeting: 95 minutes] September 30,2014, Study Session Format, 6:00 p.m. [due Mon, Sept 22] 1.Advance Agenda (5 minutes) October 7,2014,Study Session Format, 6:00 p.m. [due Mon, Sept 29] 1.Advance Agenda (5 minutes) October 14,2014,Formal Meetin2 Format,6:00 p.m. [due Mon, Oct 6] 1. PUBLIC HEARING: Proposed 2014 Budget Amendment—Mark Calhoun (15 minutes) 2. Consent Agenda(claims,payroll,minutes) (5 minutes) 3. Second Reading Proposed Property Tax Ordinance—Mark Calhoun (10 minutes) 4.First Reading Proposed 2014 Budget Amendment—Mark Calhoun (10 minutes) 5.First Reading Proposed 2015 Budget Ordinance—Mark Calhoun (10 minutes) 6.Admin Report: Advance Agenda (5 minutes) Draft Advance Agenda 6/19/2014 4:00:33 PM Page 2 of 3 October 21, 2014, Study Session Format, 6:00 p.m. [due Mon, Oct 13] 1.Advance Agenda (5 minutes) October 28,2014,Formal Meeting Format,6:00 p.m. [due Mon, Oct 20] 1. Consent Agenda(claims,payroll,minutes) (5 minutes) 2. Second Reading Proposed 2014 Budget Amendment—Mark Calhoun (10 minutes) 3. Second Reading Proposed 2015 Budget Ordinance—Mark Calhoun (10 minutes) 4.Admin Report: Lodging Tax Advisory Committee Recommendations—M.Calhoun (15 minutes) 5.Admin Report: Advance Agenda (5 minutes) 6. Info Only: Department Monthly Reports [*estimated meeting: 50 minutes] November 4,2014, Study Session Format,6:00 p.m. [due Mon, Oct 27] 1.Admin Report: 2015 Fee Resolution—Mark Calhoun (15 minutes) 2.Advance Agenda (5 minutes) November 11,2014—no meeting—Veteran's Day November 18,2014,Formal meeting 6:00 p.m. [due Mon,Nov 10] 1. Consent Agenda(claims,payroll,minutes) (5 minutes) 2. Proposed Resolution Amending Fee Resolution for 2015—Mark Calhoun (15 minutes) 3.Advance Agenda (5 minutes) November 25,2014—no meeting—Thanksgiving week December 2,2014, Study Session Format,6:00 p.m. [due Mon,Nov 24] 1.Advance Agenda (5 minutes) December 9,2014,Formal Meeting Format,6:00 p.m. [due Mon,Dec 1] 1. Consent Agenda(claims,payroll,minutes) (5 minutes) 2.Motion Consideration: Lodging Tax Allocations for 2015 (20 minutes) 3.Admin Report: Advance Agenda (5 minutes) December 16,2014, Study Session Format,6:00 p.m. [due Mon,Dec 8] 1.Advance Agenda (5 minutes) December 23,2014 no meeting December 30,2014, Study Session Format, 6:00 p.m. [due Mon,Dec 22] 1.Advance Agenda 2. Info Only: Department Monthly Reports OTHER PENDING AND/OR UPCOMING ISSUES/MEETINGS: ADA Transition Plan Coal/Oil Train Environmental Impact Statement Economic Incentives Fire and Life Safety Code Historic Preservation SEPA/NEPA Process—Eric Guth Stormwater Swales,care of Street Vacation/Connectivity Process Tourism Promotion Agency(TPA) Truck Parking in Residential Areas Urban Agriculture (animals,bees,etc.) *time for public or Council comments not included Draft Advance Agenda 6/19/2014 4:00:33 PM Page 3 of 3 City of Spokane Valley [!I}1k ook Spane Community Development Ua��ey Monthly Report 01/01/2014 - 05/31/2014 Page Title 1 Cover Sheet 2 Pre-Application Meetings Requested 3 Online Applications Received 4 Construction Applications Received 5 Land Use Applications Received 6 Construction Permits Issued 7 Land Use Applications Approved 8 Development Inspections Performed 9 Code Enforcement 10 Revenue 11 Building Permit Valuations Printed 06/09/2014 10:59 Page 1 of 11 Community Development Spokane Monthly Report lle 01/01/2014 - 05/31/2014 Pre-Application Meetings Requested A Pre-Application Meeting is a service provided to help our customers identify the code requirements related to their project proposal. Community Development scheduled a total of 13 Pre-Application Meetings in May 2014. 20 15 10 5 11111111 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Land Use Pre-Application Commercial Pre-App Meeting Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Commercial Pre-App 2 9 11 6 10 0 0 0 0 0 0 0 Land Use Pre-Application Meeting 3 2 4 4 3 0 0 0 0 0 0 0 Monthly Totals 5 11 15 10 13 • 0 iiir- Annual Total To-Date: 54 Printed 06/09/2014 10:59 Page 2 of 11 Community Development SOOkane 40000'Lalley. Monthly Report 01/01/2014 - 05/31/2014 Online Applications Received Community Development received a total of 129 Online Applications in May 2014. 150 100 50 0 Wr Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Trade Permit Sign Permit OE Right of Way Permit Reroof Permit = Demolition Permit Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Demolition Permit 1 2 3 3 2 0 0 0 0 0 0 0 Reroof Permit 1 1 13 25 20 0 0 0 0 0 0 0 Right of Way Permit 2 1 1 15 32 0 0 0 0 0 0 0 Sign Permit 0 3 1 3 2 0 0 0 0 0 0 0 Trade Permit 13 24 40 61 73 0 0 0 0 0 0 0 Monthly Totals 17 31 58 107 129 0 0 0 0 0 0 0 Annual Total To-Date: 342 Printed 06/09/2014 10:59 Page 3 of 11 Community Development Spookane Monthly Report 40000Valley 01/01/2014 - 05/31/2014 Construction Applications Received Community Development received a total of 511 Construction Applications in May 2014. r 600 400 !!R 200 �F: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Commercial -New Commercial-TI Residential-New IMI Other Construction Permits Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Commercial-New 2 8 18 6 2 0 0 0 0 0 0 0 Commercial-TI 15 10 10 11 14 0 0 0 0 0 0 0 Residential-New 5 20 18 12 22 0 0 0 0 0 0 0 Commercial-Trade 1 0 0 0 0 0 0 0 0 0 0 0 Residential-Trade 2 0 0 0 0 0 0 0 0 0 0 0 Residential-Accessory 8 2 9 13 6 0 0 0 0 0 0 0 Demolition *2 *6 *4 *9 *3 0 0 0 0 0 0 0 Sign 9 *11 *12 *17 *15 0 0 0 0 0 0 0 Other Construction Permits *172 *201 *330 *429 *449 0 0 0 0 0 0 0 Monthly Totals 216 258 401 497 511 0 0 0 0 0 0 0 Annual Total To-Date: 1,883 *Includes Online Applications. Printed 06/09/2014 10:59 Page 4 of 11 Community Development Spoikane Monthly Report lley 01/01/2014 - 05/31/2014 Land Use Applications Received Community Development received a total of 47 Land Use Applications in May 2014. r 1 100 I ]an Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Boundary Line Adjustment Binding Site Plan Preliminary State Environmental Policy Short Plat Preliminary Final Platting Act(SEPA) Long Plat Preliminary Zoning Map/Comp Plan Amendment Administrative Exception/Interpretation = Other Land Use Permits - -inn_ .1 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Boundary Line Adjustment 1 1 6 8 1 0 0 0 0 0 0 0 Short Plat Preliminary 4 0 2 3 3 0 0 0 0 0 0 0 Long Plat Preliminary 0 0 0 0 0 0 0 0 0 0 0 0 Binding Site Plan Preliminary 0 0 2 1 0 0 0 0 0 0 0 0 Final Platting 0 1 2 4 0 0 0 0 0 0 0 0 Zoning Map/Comp Plan Amendment 0 0 0 0 0 0 0 0 0 0 0 0 State Environmental Policy Act(SEPA) 2 1 0 3 3 0 0 0 0 0 0 0 Administrative 1 3 4 5 1 0 0 0 0 0 0 0 Exception/Interpretation Other Land Use Permits 52 50 56 60 39 0 0 0 0 0 0 0 Monthly Totals 60 0 0 0 0 0 0 0 Annual Total To-Date: 319 Printed 06/09/2014 10:59 Page 5 of 11 Community Development Spokane Monthly Report .....Valley 01/01/2014 - 05/31/2014 Construction Permits Issuer Community Development issued a total of 412 Construction Permits in May 2014. I 600 400111 t 200 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Commercial-New I . Commercial-TI Residential-New = Other Construction Permits Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Commercial New I 1 0 9 26 23 0 0 0 0 0 0 0 Commercial TI I 18 11 4 12 12 0 0 0 0 0 0 0 Residential-New T 5 4 36 8 20 0 0 0 0 0 0 0 Commercial-Trade 3 1 0 0 10 0 0 0 0 0 0 0 Residential-Trade 4 0 0 1 0 0 0 0 0 0 0 0 Residential-Accessory 8 3 8 12 5 0 0 0 0 0 0 0 Demolition 2 4 2 9 2 0 0 0 0 0 0 0 Sign 7 11 10 16 12 0 0 0 0 0 0 0 Other Construction Permits 147 152 271 318 328 0 0 0 0 0 0 0 Monthly Totals 195 186 340 402 412 0 0 0 0 0 0 0 Annual Total To-Date: 1,535 Printed 06/09/2014 11:06 Page 6 of 11 Community Development Spoikane Monthly Report lley 01/01/2014 - 05/31/2014 Land Use Applications Approved Community Development approved a total of 47 Land Use Applications in May 2014. r 1 100 4 . ill il 50 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Boundary Line Adjustment Binding Site Plan Preliminary State Environmental Policy Short Plat Preliminary Final Platting Act(SEPA) Long Plat Preliminary Zoning Map/Comp Plan Amendment Administrative Exception/Interpretation = Other Land Use Permits L. I Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Boundary Line Adjustment 5 0 2 6 0 0 0 0 0 0 0 0 Short Plat Preliminary 0 2 2 0 0 0 0 0 0 0 0 0 Long Plat Preliminary 0 0 0 0 0 0 0 0 0 0 0 0 Binding Site Plan Preliminary 0 0 0 0 1 0 0 0 0 0 0 0 Final Platting 1 2 2 1 0 0 0 0 0 0 0 0 Zoning Map/Comp Plan Amendment 1 0 0 0 0 0 0 0 0 0 0 0 State Environmental Policy Act(SEPA) 0 0 3 2 1 0 0 0 0 0 0 0 Administrative 1 2 4 5 1 0 0 0 0 0 0 0 Exception/Interpretation Other Land Use Permits 44 53 57 53 44 0 0 0 0 0 0 0 Monthly Totals 52 59 I 6 0 0 01 0 01 0 Annual Total To-Date: 295 Printed 06/09/2014 11:06 Page 7 of 11 Community Development Spokane Monthly Report 01/01/2014 - 05/31/2014 Development Inspections Performed Community Development performed a total of 1303 Development Inspections in May 2014. Development Inspections include building, planning, engineering and ROW inspections. 1,400 1,200 1,000 800 600 400 200 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec yx-- 2012 2013 2014 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Totals 2014 601 633 991 1,269 1,303 0 0 0 0 0 0 0■ 4,797 2013 465 503 807 1,026 1,060 1,015 1,084 1,078 1,186 1,016 832 672■ 10,744 2012 644 623 540 828 1,104 926 985 988 931 1,149 805 549® 10,072 Printed 06/09/2014 11:06 Page 8 of 11 Community Development Spookane Monthly Report ......Valley 01/01/2014 - 05/31/2014 Code Enforcement Code Enforcement Officers responded to 32 citizen requests in the month of May. They are listed by type below. Please remember that all complaints, even those that have no violation, must be investigated. r 40 111 20 111111011 I III , 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Complaint, Non-Violation Environmental General Nuisance NE Property L _ —I Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Complaint,Non-Violation 0 1 0 1 0 0 0 0 0 0 0 0 Environmental 2 0 0 0 0 0 0 0 0 0 0 0 General 3 0 1 1 1 0 0 0 0 0 0 0 Nuisance 14 5 12 22 22 0 0 0 0 0 0 0 Property 6 3 13 8 9 0 0 0 0 0 0 0 Monthly Totals 25 9 26 32 3,' 0 I 0 0 0 ird Annual Total To-Date: 124 Printed 06/09/2014 11:10 Page 9 of 11 Community Development ?U II smiley, Monthly Report 01/01/2014 - 05/31/2014 Revenue Community Development Revenue totaled $282,086 in May 2014. 500,000 400,000 300,000 200,000 100,000 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2014 2013 Five-Year Trend Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Totals 2014 $74,628 $66,134 $198,571 $160,508 $282,086 $0 $0 $0 $0 $0 $0 $0 $781,927 Trend $77,877 $68,528 $112,700 $142,013 $215,223 $195,948 $140,018 $116,427 $124,983 $103,820 $95,140 $70,239 $1,462,916 2013 $158,912 $51,536 $102,538 $106,496 $184,176 $409,592 $277,553 $102,021 $129,174 $133,561 $98,386 $66,559 $1,820,504 2012 $34,204 $60,319 $177,737 $173,932 $268,672 $223,888 $123,137 $103,703 $113,731 $112,542 $108,948 $51,745 $1,552,558 2011 $43,842 $77,247 $80,774 $118,237 $84,684 $106,909 $88,247 $83,949 $167,076 $78,237 $95,172 $58,881 $1,083,255 2010 $87,229 $84,626 $109,029 $96,800 $305,185 $102,781 $87,805 $87,724 $107,002 $73,100 $72,948 $64,009,$1,278,238 2009 $65,199 $68,914 $93,424 $214,601 $233,397 $136,568 $123,348 $204,739 $107,930 $121,658 $100,247 $110,001r$1,580,026 Printed 06/09/2014 11:10 Page 10 of 11 Community Development SOOkaneMonthly Report 01/01/2014 - 05/31/2014 Building Permit Valuation Community Development Building Permit Valuation totaled $34,540,074 in May 2014. I 50,000,000 40,000,000 30,000,000 20,000,000 10,000,000 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2014 2013 Five-Year Trend Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Totals 2014 $3.17M $2.45M $9.90M $8.88M $34.54M $0.00M $0.00M $0.00M $0.00M $0.00M $0.00M $0.00M I $58.94M Trend $7.33M $4.17M $4.69M $8.52M $19.74M $19.01M $11.55M $9.67M $9.40M $7.55M $4.35M $2.21M I $108.19M 2013 $25.49M $1.92M $3.58M $7.30M $22.21M $41.88M $32.88M $6.52M $8.11M $14.22M $7.23M $2.54M I $173.88M 2012 $0.72M $2.95M $5.29M $5.32M $24.38M $33.08M $7.91M $9.89M $6.47M $8.78M $3.76M $1.66M I $110.21M 2011 $1.46M $5.95M $5.03M $6.15M $2.53M $4.98M $3.83M $3.45M $21.54M $4.46M $3.97M $1.85M I $65.20M 2010 $7.06M $6.34M $6.82M $6.64M $32.55M $4.86M $5.36M $3.91M $5.71M $3.01M $1.93M $2.29M 2009 $1.91M $3.70M $2.74M $17.19M $17.03M $10.27M $7.75M $24.56M $5.18M $7.28M $4.87M $2.70M Printed 06/09/2014 11:10 Page 11 of 11 �pakane •••0°\**, Valley 11707 E Sprague Ave Suite 106 ♦ Spokane Valley WA 99206 509.921.1000 1 Fax: 509.921.1008 • cityhall®spokanevalley.org Memorandum To: Mike Jackson, City Manager From: Mark Calhoun, Finance Director KC Date: June 19, 2014 Re Finance Department Activity Report — May 2014 Following is information pertaining to Finance Department activities through the end of May 2014 and included herein is a 2014 Budget to Actual Comparison of Revenues and Expenditures through the end of May. 2013 Yearend Process The process of preparing the 2013 Annual Financial Report began in May and the report will be completed in June. The State Auditor's Office will be on site in June to begin the audit of 2013. Vehicle Purchases The 2014 Budget included $90,000 for the addition of three vehicles for the Public Works Department and at this point we have ordered 2 Ford Escapes and 1 Ford half ton pick-up at a total anticipated cost of $77,535. We anticipate delivery by early June and expect there will be some additional costs incurred in the set-up of the vehicles. Refunding of the 2003 Limited Tax General Obligation (LTGO) Bonds In 2003 the City issued $9,430,000 in LTGO bonds to facilitate the construction of CenterPlace. • Of this amount $2,430,000 of the bond proceeds were used to finance road and street improvements surrounding the building. This portion of the bond issue was set to be paid off in annual installments over the 20-year period ending December 31, 2023. Annual debt service payments on these bonds are provided by equal distributions of the 151 and 2nd '/a% real estate excise tax (BEET) recorded in Funds 301 and 302, • $7,000,000 of the bond proceeds were used to finance construction of CenterPlace. This portion of the bond issue was set to be paid off in annual installments over the 30-year period ending December 31, 2033. Annual debt service payments on these bonds are provided by the Spokane Public Facilities District. • Per the 2003 bond covenants the City may at its option call or redeem those bonds that remain outstanding after December 1, 2013. Given that interest rates are currently less than those the City is paying on the 2003 bonds we have begun the process to refund (refinance) the bonds. The end product of this endeavor will be a reduction in annual bond payments as a result of the interest portion of the bond payment declining. We anticipate Council action to consider and approve the bond refunding will take place in June and the actual bond refunding to take place in July. P:4FlnancelFor City CouncillCouncil Monthly Reports1201412014 05,docx Page 1 2015 Budget Development Process The 2015 Budget development process began in the Finance Department in early March and on April 10th we sent detailed budget requests to all departments to complete by mid-May. By the time the budget is adopted on October 28th the Council will have had an opportunity to discuss the budget on seven occasions including two public hearings. June 17 Council budget workshop August 12 Admin report on 2015 revenues and expenditures August 26 Public hearing #1 on 2015 revenues and expenditures September 9 City Manager's presentation of preliminary 2015 Budget September 23 Public hearing #2 on 2015 Budget October 14 First reading on proposed ordinance adopting the 2015 Budget October 28 Second reading on proposed ordinance adopting the 2015 Budget Budget to Actual Comparison Report A report reflecting 2014 Budget to Actual Revenues and Expenditures for those funds for which a 2014 Budget was adopted is located on pages 5 through 16. Because we attempt to provide this information in a timely manner this report is prepared from records that are not formally closed by the Finance Department at month end or reconciled to bank records. Although it is realistic to expect the figures will change over subsequent weeks, I believe the report is materially accurate. We've included the following information in the report: • Revenues by source for all funds, and expenditures by department in the General Fund and by type in all other funds. • A breakdown between recurring and nonrecurring revenues and expenditures in the General Fund, Street O&M Fund and Stormwater Fund. • The change in fund balance including beginning and ending figures. The beginning fund balance figures are those that are expected to be reflected in our 2013 Annual Financial Report. • Columns of information include: o The 2014 Budget as adopted. o May 2014 activity. o Cumulative 2014 activity through May 2014. o Budget remaining in terms of dollars. o The percent of budgeted revenue collected or budgeted expenditures disbursed. A few points related to the General Fund #001 (page 5): Recurring revenues collections are currently at 38.11% of the amount budgeted with 41.7% of the year elapsed. This is typical and reflective of the nature of the timing of when revenues are collected. • Property tax are paid to Spokane County in two installments each year on April 30 and October 31 and are then remitted to the City primarily in May and November with lesser amounts typically remitted in June and December. Property taxes received thus far in 2014 are $5,296,751 or 47.94% of the amount budgeted. • Sales tax collections represent only 4-months of collections thus far because taxes collected in May are not remitted to the City by the State until the latter part of June. Collections are currently $5,499,058 or 33.55% of the amount budgeted. • Gambling taxes are at $145,146 or 23.51% of the amount budgeted. This is because they are paid quarterly with first quarter payments due by April 30. • Franchise Fee and Business Registration revenues are typically received in the month following a calendar year quarter. So far in 2014 we have received $331,384 or 27.32% of the amount budgeted. P:1FinancelFor City CounciACouncii Monthly Reports12014t2014 05.docx Page 2 • State shared revenues are composed of State of Washington distributions that include items such as liquor board profits, liquor excise tax, streamlined sales tax mitigation and criminal justice monies. Most of these revenues are paid by the State in the month following a calendar quarter but some are only once per quarter. Through May we've received remittances totaling $446,419 or 23.66% of the amount budgeted. • Fines and forfeitures revenues are composed of monthly remittances from Spokane County with payments made in the month following the actual assessment of a fine and false alarm fees. Through May 2014 we've received remittances through the month of April with receipts of$505,371 or 34.36% of the amount budgeted. • Community Development service revenues are largely composed of building permit and plan review fees as well as right of way permits. Revenues are currently $741,895 or 59.10% of the amount budgeted. • Recreation program fees are composed of revenues generated by the variety of parks and recreation programs including classes, swimming pools (in-season), and CenterPlace. Currently, revenues total $277,752 or 47.90% of the amount budgeted. Recurring expenditures are currently at 36.61% of the amount budgeted with 41.7% of the year elapsed. Departments experience seasonal fluctuations in activity so they don't necessarily expend their budget in twelve equal monthly installments. Investments (page 17) Investments at May 31 total $49,756,502 and are composed of$44,699,931 in the Washington State Local Government Investment Pool and $5,056,571 in bank CDs. Total Sales Tax Receipts (page 18) Total sales tax receipts reflect State remittances through May and total $6,210,638 including general, criminal justice and public safety taxes. This figure is $228,264 (3.82%) greater than for the same 4-month period in 2013. Economic Indicators (pages 19—21) The following economic indicators provide information pertaining to three different sources of tax revenue that provide a good gauge of the health and direction of the overall economy. 1. Sales taxes (page 19) provide a sense of how much individuals and businesses are spending on the purchase of goods. 2. Hotel / Motel taxes (page 20) provide us with a sense of overnight stays and visits to our area by tourists or business travelers. 3. Real Estate Excise taxes (page 21) provide us with a sense of real estate sales. Page 19 provides a 10-year history of general sales tax receipts (not including public safety or criminal justice) with monthly detail beginning January 2005. • Compared with calendar year 2013, 2014 collections have increased by $187,121 or 3.52%. • Tax receipts peaked in 2007 at $17.4 million and dropped off dramatically in the subsequent three years. Page 20 provides a 10-year history of hotel/motel tax receipts with monthly detail beginning January 2005. • Compared with calendar year 2013, 2014 collections have increased by $10,191 or 8.57%. • Collections reached an all-time high in 2013, exceeding the previous high in 2012 by $28,600. Page 21 provides a 10-year history of real estate excise tax receipts with monthly detail beginning January 2005. P:1Finance4For City Council\Councii Monthly Repons1201412014 05.docx Page 3 • Compared with calendar year 2013, 2014 collections have decreased by $59,560 or 15.90%. • Tax receipts peaked in 2007 at nearly $2.6 million, decreased precipitously in 2008 and 2009, and are slowly gaining ground. Debt Capacity and Bonds Outstanding (page 22) This page provides information on the City's debt capacity, or the dollar amount of General Obligation (G.O.) Bonds the City may issue, as well as an amortization schedule of the bonds the City currently has outstanding. • The maximum amount of G.O. bonds the City may issue is determined by the assessed value and the 2013 assessed value for 2014 property taxes is $7,168,991,028. Following the City's December 1, 2013, bond payment, the City currently has $7,435,000 of nonvoted G.O. bonds outstanding which represents 6.91% of our nonvoted bond capacity, and 1.38% of our total debt capacity for all types of bonds. • The $7,435,000 of bonds the City currently has outstanding is part of the 2003 nonvoted (LTGO) bond issue. Of this amount: o $5,990,000 remains on bonds issued for the construction of CenterPlace. These bonds are repaid with a portion of the 1/10 of 1% sales tax that is collected by the Spokane Public Facilities District. o $1,445,000 remains on bonds issued for road and street improvements around CenterPlace. The bonds are repaid with a portion of the real estate excise tax collected by the City. P.1FinancelFor City CouncillCouncil Monthly Reports1201412014 05.docx Page 4 P,1FinancelFor City Council\Council Monthly Reports1201412014 05 31.xlsx CITY OF SPOKANE VALLEY,WA Budget Year 2014 Budget to Actual Comparison of Revenues and Expenditures Elapsed= 41 7% For the Five-Month Period Ended May 31,2014 2014 Actual Actual thru Budget %of Budget May May 31 Remaining Budget #001 -GENERAL FUND RECURRING ACTIVITY Revenues Property Tax 11,049,400 4,355,125 5,296,751 (5,752,649) 47.94% Sales Tax 16,390,000 1,448,539 5,499,058 (10,890,942) 33.55% Sales Tax-Criminal Justice 1,330,000 121,533 456,051 (873,949) 34.29% Sales Tax-Public Safety 745,000 66,823 255,529 (489,471) 34.30% Gambling Tax and Leasehold Excise Tax 617,400 130,348 145,146 (472,254) 23.51% Franchise Fees/Business Registration 1,213,000 8,617 331,384 (881,616) 27.32% State Shared Revenues 1,886,500 0 446,419 (1,440,081) 23.66% Fines, Forfeitures and Penalties 1,470,800 105,071 505,371 (965,429) 34,36% Community Development 1,255,400 276,231 741,895 (513,505) 59.10% Recreation Program Fees 579,800 66,354 277,752 (302,048) 47.90% Miscellaneous Department Revenue 85,500 8,694 28,551 (56,949) 33.39% Miscellaneous&Investment Interest 117,600 7,053 36,574 (81,026) 31.10% Transfer-in -#101 (street admin) 39,700 0 9,925 (29,775) 25.00% Transfer-in -#105(him tax-CP advertising) 30,000 0 0 (30,000) 0.00% Transfer-in -#402(storm admin) 13,400 0 3,350 (10,050) 25.00% Total Recurring Revenues 36,823,500 6,594,387 14,033,756 (22,789,744) 38.11% Expenditures City Council 414,950 29,220 175,938 239,012 42.40% City Manager 660,843 53,133 260,807 400,036 39.47% Legal 448,922 36,857 167,475 281,447 37.31% Public Safety 23,384,643 1,904,921 8,970,915 14,413,728 38.36% Deputy City Manager 653,215 37,916 187,813 465,402 28.75% Finance 1,180,659 94,558 477,287 703,372 40.43% Human Resources 237,883 19,271 94,400 143,483 39.68% Public Works 882,694 61,002 307,637 575,057 34.85% Community Development-Administration 290,883 19,808 104,789 186,094 36.02% Community Development-Engineering 807,114 53,406 273,136 533,978 33.84% Community Development-Planning 928,906 75,918 378,097 550,810 40.70% Community Development-Building 1,267,656 96,792 503,874 763,782 39.75% Parks&Rec-Administration 274,743 17,703 103,829 170,914 37.79% Parks&Rec-Maintenance 796,200 62,571 252,693 543,507 31.74% Parks&Rec-Recreation 229,152 10,227 53,761 175,391 23.46% Parks&Ree-Aquatics 490,400 3,647 8,333 482,067 1.70% Parks&Rec-Senior Center 89,882 6,816 33,427 56,455 37.19% Parks&Rec-CenterPlace 828,842 55,651 296,447 532,395 35.77% Pavement Preservation 888,823 0 222,206 666,617 25.00% General Government 1,741,600 134,941 526,935 1,214,665 30.26% Transfers out-#502(insurance premium) 325,000 0 81,250 243,750 25.00% Total Recurring Expenditures 36,823,010 2,774,359 13,481,049 23,341,961 36.61% Recurring Revenues Over(Under) Recurring Expenditures 490 3,820,028 552,708 552,218 NONRECURRING ACTIVITY Revenues nla 0 0 0 0 #DIV/0! Total Nonrecurring Revenues 0 0 0 0 #DIV/01 Expenditures Transfers out-#309(path grant match) 192,500 0 0 192,500 0.00% Lav Enforcement Contingency 350,000 0 0 350,000 0.00% Public Works(autocad licenses) 8,800 0 8,800 0 100.00% Parks&Recreation(CP chairs) 11,350 0 0 11,350 0.00% Public Safety(precinct improvements) 24,000 0 0 24,000 0.00% Total Nonrecurring Expenditures 586,650 0 8,800 577,650 1.50% Nonrecurring Revenues Over(Under) Nonrecurring Expenditures (586,650) 0 (8,800) 577,850 Excess(Deficit)of Total Revenues Over(Under)Total Expenditures (586,160) 3,820,028 543,908 1,130,068 Beginning unrestrictedfund balance 23,396,459 23,396,459 Ending unrestricted fund balance 22,810,299 23,940,367 Page 5 P:IFinancelFor City CouncillCouncil Monthly Reports1201412014 05 31.xlsx CITY OF SPOKANE VALLEY,WA Budget Year 2014 Budget to Actual Comparison of Revenues and Expenditures Elapsed= 41.7% For the Five-Month Period Ended May 31,2014 2014 Actual Actual thru Budget % of Budget May May 31 Remaining Budget SPECIAL REVENUE FUNDS #101 -STREET FUND I RECURRING ACTIVITY Revenues Motor Vehicle Fuel(Gas)Tax 4,858,600 156,269 588,540 (1,270,060) 31.67% Investment Interest 3,000 168 687 (2,313) 22.89% Insurance Premiums&Recoveries 0 0 4,204 4,204 #DIVl0! Utility Tax 2,750,000 206,038 830,974 (1,919,026) 30.22% Miscellaneous Revenue 0 0 1,683 1,683 #DIV/0! Total Recurring Revenues 4,611,600 362,475 1,426,088 (3,185,512) 30.92% Expenditures Wages 1 Benefits 1 Payroll Taxes 627,288 55,726 314,442 312,846 50.13% Supplies 386,500 24,579 258,551 127,949 66.90% Services&Charges 2,392,201 201,027 648,835 1,743,366 27.12% Intergovernmental Payments 798,000 37,593 133,748 664,252 16.76% Interfund Transfers-out-#001 39,700 0 9,925 29,775 25.00% Interfund Transfers-out-#501 (plow replace.) 75,000 0 18,750 56,250 25.00% Interfund Transfers-out-#501 (non-plow vehicle 10,777 0 2,694 8,083 25.00% Interfund Transfers-out-#311 (pavement preserve 282,000 0 70,500 211,500 25.00% Total Recurring Expenditures 4,611,466 318,926 1,457,445 3,154,021 31.60% Recurring Revenues Over(Under) Recurring Expenditures 134 43,550 (31,357) (31,491) NONRECURRING ACTIVITY Revenues Grants 0 0 15,150 15,150 #DIV10! Transfer-in -#302 0 0 23 23 #DIV/0! Miscellaneous 0 0 0 0 #DIV10! Total Nonrecurring Revenues 0 0 15,173 15,173 #DIV101 Expenditures 133 Sprague/Sullivan ITS 0 0 173 (173) #DIVl0! Patch Trailer 30,000 0 0 30,000 0.00% 204 Hawk Signal 25,000 10,390 10,390 14,610 41.56% Software 6,750 0 0 6,750 0.00% Transfers out-#501 (new pickup) 15,000 0 0 15,000 0.00% Total Nonrecurring Expenditures 76,750 10,390 10,563 66,187 13.76% Nonrecurring Revenues Over(Under) Nonrecurring Expenditures (76,750) (10,390) 4,610 81,360 Excess(Deficit)of Total Revenues Over(Under)Total Expenditures (76,616) 33,160 (26,746) 49,870 Beginning fund balance 2,063,234 2,063,234 Ending fund balance 1,986,618 2,036,488 Page 6 P:1FinancelFor City Council\Council Monthly Reports1201412014 05 31.xlsx CITY OF SPOKANE VALLEY,WA Budget Year 2014 Budget to Actual Comparison of Revenues and Expenditures Elapsed= 41.7% For the Five-Month Period Ended May 31,2014 2014 Actual Actual thru Budget %of Budget May May 31 Remaining Budget SPECIAL REVENUE FUNDS-continued #103-PATHS&TRAILS Revenues Motor Vehicle Fuel(Gas)Tax 7,800 0 0 (7,800) 0.00% Investment Interest 0 3 11 11 #DIVIO! Total revenues 7,800 3 11 (7,789) 0.14% Expenditures Miscellaneous 0 0 0 0 #DIV/0! Capital Outlay 0 0 0 0 #DIV/0! Total expenditures 0 0 0 0 #DIV101 Revenues over(under)expenditures 7,800 3 11 (7,789) Beginning fund balance 71,871 71,871 Ending fund balance 79,671 7i,882 #105-HOTEL 1 MOTEL TAX FUND Revenues HotellMotel Tax 490,000 48,246 129,069 (360,931) 26.34% Investment Interest 300 26 99 (201) 32.90% Total revenues 490,300 48,272 129,167 (361,133) 26.34% Expenditures Interfund Transfers-#001 30,000 0 0 30,000 0.00% Tourism Promotion 547,000 21,059 121,770 425,230 22.26% Total expenditures 577,000 21,059 121,770 455,230 21.10% Revenues over(under)expenditures (86,700) 27,213 7,398 (816,363) Beginning fund balance 236,927 236,927 Ending fund balance 150,227 244,325 Page 7 P:IFinancelFor City Council\Council Monthly Reports1201412014 05 31.xlsx CITY OF SPOKANE VALLEY,WA Budget Year 2014 Budget to Actual Comparison of Revenues and Expenditures Elapsed= 41.7% For the Five-Month Period Ended May 31,2014 2014 Actual Actual thru Budget %of Budget May May 31 Remaining Budget SPECIAL REVENUE FUNDS-continued #120-CENTER PLACE OPERATING RESERVE FUND Revenues Investment Interest 0 0 0 0 #DIV101 Interfund Transfer 0 0 0 0 #DIVi0! Total revenues 0 0 0 0 #DIV/0! Expenditures Operations 0 0 0 0 #D1/i01 Total expenditures 0 0 0 0 #DIV10! Revenues over(under)expenditures 0 0 0 0 Beginning fund balance 300,000 300,000 Ending fund balance 300,000 300,000 #121 -SERVICE LEVEL STABILIZATION RESERVE FUND Revenues Investment Interest 7,300 350 1,539 (5,761) 21.09% Interfund Transfer 0 0 0 0 #DIV10! Total revenues 7,300 350 1,539 (5,761) 21.09% Expenditures Operations 0 0 0 0 #DIV/0! Total expenditures 0 0 0 0 #DMO! Revenues over(under)expenditures 7,300 350 1,539 (5,761) Beginning fund balance 5,448,502 5,448,502 Ending fund balance 5,455,802 5,450,041 #122-WINTER WEATHER RESERVE FUND Revenues Investment Interest 700 34 149 (551) 21.33% Interfund Transfer 0 0 0 0 #DIV/0I Subtotal revenues 700 34 149 (551) 21.33% Expenditures Snow removal expenses 500,000 0 0 500,000 0.00% Total expenditures 500,000 0 0 500,000 0,00% Revenues over(under)expenditures (499,300) 34 149 (500,551) Beginning fund balance 503,565 503,565 Ending fund balance 4,265 503,714 #123-CIVIC FACILITIES REPLACEMENT FUND Revenues Investment Interest 1,700 81 355 (1,345) 20.88% Interfund Transfer-#001 0 0 0 0 #DIV/01 Total revenues 1,700 81 355 (1,345) 20.88% Expenditures Capital Outlay 0 0 0 0 #DIVi01 Transfers out-#311 (pavement preservation) 616,284 0 154,071 462,213 25.00% Total expenditures 616,284 0 154,071 462,213 25.00% Revenues over(under)expenditures (614,584) 81 (153,716) (463,558) Beginning fund balance 1,789,271 1,789,271 Ending fund balance 1,174,687 1,635,555 Page 8 P:1FinancelFor City CouncillCouncil Monthly Reports1201412014 05 31.xlsx CITY OF SPOKANE VALLEY,WA Budget Year 2014 Budget to Actual Comparison of Revenues and Expenditures Elapsed= 41.7% For the Five-Month Period Ended May 31,2014 2014 _ Actual Actual thru Budget %of Budget May May 31 Remaining Budget DEBT SERVICE FUNDS #204-DEBT SERVICE FUND Revenues Spokane Public Facilities District 441,520 145,760 145,760 (295,760) 33.01% Interfund Transfer-in-#301 93,152 0 23,288 (69,864) 25.00% Interfund Transfer-in-#302 93,151 0 23,288 (69,863) 25.00% Total revenues 62.7,823 145,760 192,336 (435,487) 30.64% Expenditures Debt Service Payments-CenterPiace 441,520 145,760 108,967 332,553 24.68% Debt Service Payments-Roads 186,303 33,151 17,626 168,677 9.46% Total expenditures 627,823 178,911 126,593 501,230 20.16% Revenues over(under)expenditures 0 (33,151) 65,743 (936,718) Beginning fund balance 0 0 Ending fund balance 0 65,743 Page 9 P:IFinancelFor City Council\Council Monthly Reports1201412014 05 31,xlsx CITY OF SPOKANE VALLEY,WA Budget Year 2014 Budget to Actual Comparison of Revenues and Expenditures Elapsed= 41.7% For the Five-Month Period Ended May 31,2014 2014 Actual Actual thru Budget %of Budget May May 31 Remaining Budget CAPITAL PROJECTS FUNDS #301 -CAPITAL PROJECTS FUND Revenues REET 1 -Taxes 600,000 52,873 160,253 (439,747) 26.71% Investment Interest 1,000 59 259 (741) 25.86% Total revenues 601,000 52,932 160,511 (440,489) 26.71% Expenditures Interfund Transfer-out-#204 93,152 0 23,288 69,864 25.00% Interfund Transfer-out-#303 268,575 0 (23,785) 292,360 -8.86% Interfund Transfer-out-#311 (pavement presen 184,472 0 0 184,472 0.00% Total expenditures 546,199 0 (497) 546,696 -0.09% Revenues over(under)expenditures 54,801 52,932 161,008 (987,185) Beginning fund balance 968,021 _ 968,021 Ending fund balance 1,022,822 1,129,029 #302 SPECIAL CAPITAL PROJECTS FUND Revenues REET 2-Taxes 600,000 52,575 155,159 (444,841) 25.86% Investment Interest 1,000 68 298 (702) 29.79% Total revenues 601,000 52,642 155,457 (445,543) 25.87% Expenditures Interfund Transfer-out-#101 0 0 23 Interfund Transfer-out-#204 93,151 0 23,288 69,863 25.00% Interfund Transfer-out-#303 585,097 0 17,158 567,939 2.93% Interfund Transfer-out-#311 (pavement presen 184,472 0 0 184,472 0.00% Total expenditures 862,720 0 40,469 822,275 4.69% Revenues over(under)expenditures (261,720) 52,642 114,988 (1,267,817) Beginning fund balance 1,323,378 1,323,378 Ending fund balance 1,061,658 1,438,366 Page 10 P:1Finance\For City CouncillCouncil Monthly Reportsk201412014 05 31.xlsx CITY OF SPOKANE VALLEY,WA Budget Year 2014 Budget to Actual Comparison of Revenues and Expenditures Elapsed= 41.7% _ For the Five-Month Period Ended May 31,2014 2014 Actual Actual thru Budget %of Budget May May 31 Remaining Budget CAPITAL PROJECTS FUNDS-continued #303 STREET CAPITAL PROJECTS FUND Revenues Grant Proceeds 11,092,997 0 630,933 (10,462,064) 5.69% Developer Contribution 166,020 0 0 (166,020) 0.00% Miscellaneous 0 50 50 50 #DIV110! Transfer-in-#301 268,575 0 (23,785) (292,360) -8.86% Transfer-in-#302 585,097 0 17,158 (567,939) 2.93% Transfer-in-#312 Appieway Landscaping 250,000 0 0 (250,000) 0.00% Transfer-in-#312 Sullivan Rd W Bridge 2,320,000 0 7,263 (2,312,737) 0.31% Transfer-in-#402 7,101 0 0 (7,101) 0.00% Investment Interest 0 2 7 7 #D1V10! Total revenues 14,689,790 62 631,626 (14,058,164) 4.30% Expenditures 060 Argonne Rd Corridor Upgrade SRTC 06-31 860,280 3,771 16,078 844,202 1.87% 061 Pines(SR27)ITS Imporvement SRTC 06-26 10,000 0 67 9,933 0.67% 123 Mission Ave-Flora to Barker 382,410 265 7,799 374,611 2.04% 141 Sullivan&Euclid PCC 123,090 9,674 22,772 100,318 18.50% 142 Broadway©Argonne/Mullan 50,000 52 3,393 46,607 6.79% 145 Spokane Valley-Millwood Trail 100,000 0 832 99,168 0.83% 149 Sidewalk Infill 364,425 3,334 44,774 319,651 12.29% 150 Sullivan Road Bridge Drain Retrofit 0 0 0 0 #DIV/0! 154 Sidewalk&Transit Stop Accessibility 0 422 435 (435) #DIV/O! 155 Sullivan Rd W Bridge Replacement 8,888,189 69,945 138,262 8,749,927 1.56% 156 Mansfield Ave.Connection 1,158,727 6,860 506,840 651,867 43.74% 159 University Rd/1-90 Overpass Study 50,000 1,133 18,213 31,787 36.43% 166 Pines Rd.(SR27)&Grace Ave. Int.Safety 538,850 1,898 10,099 528,751 1.87% 167 Citywide Safety Improvements 341,928 0 0 341,928 0.00% 168 Wellesley Ave Sidewalk&Adams Rd Sidewalk 30,000 675 3,081 26,919 10.27% 169 Argonne/Mullan Safety Indiana-Broadway 0 558 558 (558) #DIV/0! 170 Argonne road: Empire Ave-Knox Ave. 0 11,032 0 0 #DIVIO! 175 Sullivan UP Tracks UC(SB)Resurfacing 0 0 0 0 #DMO! 176 Appleway Trail 0 234 274 (274) #DIV/0! 177 Sullivan Road Corridor Traffic Study 100,000 13,447 23,113 76,887 23.11% 181 Citywide Traffic Sign Upgrade 50,000 21,006 64,260 (14,260) 128.52% 185 Appleway Landscaping-Phase 1 250,000 974 1,499 248,501 0.60% 191 Vista Rd BNSF Xing Safety Improvements 0 585 4,640 (4,640) #DIV/0! 196 8th Avenue-McKinnon to Fancher 300,000 13,487 27,168 272,832 9.06% 201 ITS Infill Project Phase 1 (PE Start 2014) 91,891 0 68 91,823 0.07% Contingency 1,000,000 0 0 1,000,000 0.00% Total expenditures 14,689,790 159,351 894,227 13,795,563 6.09% Revenues over(under)expenditures 0 (159,299) (262,601) _ (27,853,727) Beginning fund balance 61,827 61,827 Ending fund balance 61,827 (200,774) Page 11 P:IFinance\For City Council%Council Monthly Reports1201412014 05 31.xlsx CITY OF SPOKANE VALLEY,WA Budget Year 2014 Budget to Actual Comparison of Revenues and Expenditures Elapsed= 41.7% For the Five•Month Period Ended May 31,2014 2014 Actual Actual thru Budget %of Budget May May 31 Remaining Budget CAPITAL PROJECTS FUNDS-continued #309-PARKS CAPITAL PROJECTS FUND Revenues Interfund Transfer-in-#001 192,500 0 0 (192,500) 0.00% Investment Interest 500 33 146 (354) 29.13% Total revenues 193,000 33 146 (192,854) 0.08% Expenditures Capital 0 0 0 0 #DMO! 203 Sand volleyball courts at Brown's Park 40,000 2,823 3,722 36,278 9.31% Edgecliff picnic shelter 65,000 0 0 65,000 0.00% 195 Discovery Playground equipment 50,000 1,358 1,358 48,642 2.72% Shade structure at Discovery Playground 15,000 0 0 15,000 0.00% City entry sign 70,000 0 0 70,000 0.00% Park signs 22,500 0 0 22,500 0.00% Total expenditures 262,500 4,181 5,080 257,420 1.94% Revenues over(under)expenditures (69,500) (4,148) (4,935) (450,274) Beginning fund balance 352,779 352,779 Ending fund balance 283,279 347,844 #310-CIVIC FACILITIES CAPITAL PROJECTS FUND Revenues Miscellaneous 0 0 839,285 839,285 #DIVIO! Investment Interest 1,900 89 391 (1,509) 20.58% Total revenues 1,900 69 839,676 837,776 44193,48% Expenditures Capital 0 0 0 0 #DIV/O! Miscellaneous 0 0 2,202 (2,202) #DMO! Total expenditures 0 0 2,202 (2,202) #DIV101 Revenues over(under)expenditures 1,900 89 837,474 839,978 Beginning fund balance 1,101,903 1,101,903 Ending fund balance 1,103,803 1,939,377 Note: The fund balance includes$839,285.10 paid by the Library District for 2.82 acres a!the Balfour Park site. It the District does not succeed in getting a voted bond approved by October 2017 then the City will repurchase this land at the original sale price of$839,285.10 #311 -STREET CAPITAL IMPROVEMENTS 2011+ Revenues Interfund Transfers in-#101 282,000 0 70,500 (211,500) 25.00% Interfund Transfers in-#123 616,284 0 154,071 (462,213) 25,00% Interfund Transfers in-#301 184,472 0 0 (184,472) 0.00% Interfund Transfers in-#302 184,472 0 0 (184,472) 0.00% Interfund Transfers in-#001 888,823 0 222,206 (666,617) 25.00% Grant Proceeds 2,763,272 0 26,636 (2,736,636) 0.96% Miscellaneous 0 0 50 50 #DIV/01 Investment Interest 0 138 607 607 #DIV/OI Total revenues 4,919,323 138 474,070 (4,445,253) 9.64% Expenditures 162 2012 Street Preservation 400,000 1,800 1,994 398,006 0.50% 163 Sprague Ave Swale Upgrade, Park to 1-90 0 0 0 0 #DIV101 174 2013 Street Preservation Ph1 0 0 191 (191) #DIV101 179 2013 Street Preservation Ph2 1,610,000 14,500 18,202 1,591,798 1.13% 180 Carnahan, Indiana&Sprague Presery 0 6,585 17,403 (17,403) #DIVIO! 186 Adams Road Resurfacing 198,760 4,536 10,488 188,272 5.28% 187 Sprague Ave Preservation Project 1,352,841 3,249 29,003 1,323,838 2,14% 188 Sullivan Rd Preservation Project 33,920 450 450 33,470 1.33% 202 Appleway Street Preservation Project 0 1,929 7,585 (7,585) #DIV10! Total expenditures 3,595,521 33,050 85,316 3,510,205 2.37% Revenues over(under)expenditures 1,323,802 (32,912) 388,754 (7,955,458) Beginning fund balance 798,609 798,609 Ending fund balance 2,122,411 1,187,363 Page 12 P.IFinance\For City Council\Council Monthly Reports1201412014 05 31.xlsx CITY OF SPOKANE VALLEY,WA Budget Year 2014 Budget to Actual Comparison of Revenues and Expenditures Elapsed= 41,7% For the Five-Month Period Ended May 31,2014 2014 Actual Actual thru Budget °A°of Budget May May 31 Remaining Budget CAPITAL PROJECTS FUNDS-continued #312-CAPITAL RESERVE FUND Revenues Transfers in-#001 0 0 0 0 #DIV/0! Investment Interest 0 0 0 0 #D!V/0! Developer Contribution 0 0 4,675 4,675 #D1V10! Total revenues 0 0 4,675 4,675 #DIV/0! Expenditures Capital Outlays 0 0 0 0 #DIV/0! Transfers out-#303-Appleway Landscaping 250,000 0 0 250,000 0.00% Transfers out-#303-Sullivan Rd W Bridge 2,320,000 0 7,263 2,312,737 0,31% Total expenditures 2,570,000 0 7,263 2,562,737 0.28% Revenues over(under)expenditures (2,570,000) 0 (2,588) (2,558,062) Beginning fund balance 7,742,299 7,742,299 Ending fund balance 5,172,299 7,739,711 Page 13 P:1FinancelFor City CouncillCouncil Monthly Reports1201412014 05 31.xlsx CITY OF SPOKANE VALLEY,WA Budget Year 2014 Budget to Actual Comparison of Revenues and Expenditures Elapsed= 41.7% For the Five-Month Period Ended May 31,2014 2014 Actual Actual thru Budget %of Budget May May 31 Remaining Budget ENTERPRISE FUNDS #402-STORMWATER FUND RECURRING ACTIVITY Revenues Stormwater Management Fees 1,835,000 703,218 868,809 (966,191) 47.35% Investment Interest 2,500 100 440 (2,060) 17.60% Miscellaneous 0 0 0 0 #DIV/0? Total Recurring Revenues 1,837,500 703,318 869,249 (968,251) 47,31% Expenditures Wages/Benefits/Payroll Taxes 505,535 26,450 135,364 370,171 26.78% Supplies 15,900 580 1,974 13,926 12.42% Services&Charges 1,065,076 183,845 284,358 780,718 26,70% Intergovernmental Payments 26,500 0 13,076 13,424 49.34% Interfund Transfers-out-#001 13,400 0 3,350 10,050 25.00% Interfund Transfers-out-#502 1,567 0 392 1,175 25,00% Total Recurring Expenditures 1,627,978 210,875 438,515 1,189,463 26.94% Recurring Revenues Over(Under) Recurring Expenditures 209,522 492,442 430,734 221,212 NONRECURRING ACTIVITY Revenues Grant Proceeds 0 0 8,747 8,747 #DiV/01 Interfund Transfers-in 0 0 0 0 #DIV/0! Developer Contributions 0 0 51,492 51,492 #DIV10! Total Nonrecurring Revenues 0 0 60,239 60,239 #DIV/0l Expenditures Capital-various projects 900,000 0 0 900,000 0.00% Property acquisition 250,000 0 0 250,000 0.00% VMS Trailer 16,000 0 0 16,000 0.00% 150 Sullivan Bridge Drain Retrofit 0 271 1,152 (1,152) #DIVl0! UIC Retrofits on Pvmnt Pres Projects 0 0 0 0 #DIVl0! 168 Wellesley Ave Sidewalk&Adams Rd Sidewalk 0 0 0 0 #DIV/o! 186 Adams Road Resurfacing 0 1,141 1,141 (1,141) #DIV101 193 Effectiveness Study 0 4,000 9,331 (9,331) #DIV/01 197 Broadway, Havana to Fancher SD Retrofit 0 0 444 (444) #DIV/0! 198 Sprague, Park to University LID 0 763 1,557 (1,557) #DIV/01 199 Havana-Yale Diversion 0 0 972 (972) #D1VI01 200 Ponderosa Surface Water Diversion 0 0 2,566 (2,566) #D1VI01 Transfers out-4501 (new pickup) 30,000 0 0 30,000 0.00% Total Nonrecurring Expenditures 1,196,000 6,175 17,164 1,178,836 1.44% Nonrecurring Revenues Over(Under) Nonrecurring Expenditures (1,196,000) (6,175) 43,076 1,239,076 Excess(Deficit)of Total Revenues Over(Under)Total Expenditures (966,478) 486,267 473,810 1,460,28.8 Beginning working capital 2,342,556 2,342,556 Ending working capital 1,356,078 2,816,366 Page 14 P:IFinancelFor City CouncillCouncil Monthly Reports1201412014 05 31.xlsx CITY OF SPOKANE VALLEY,WA Budget Year 2014 Budget to Actual Comparison of Revenues and Expenditures Elapsed= 41.7% For the Five-Month Period Ended May 31,2014 2014 Actual Actual thru Budget %of Budget May May 31 Remaining Budget ENTERPRISE FUNDS-continued #403-AQUIFER PROTECTION AREA Revenues Spokane County 500,000 0 0 (500,000) 0.00% Grant DOE-Decant Facility 0 0 13,072 13,072 #DIV/01 Grant DOT-Decant Facility 0 0 0 0 #DIV/0! Grant revenue 870,000 0 38,119 (831,881) 4.38% Investment Interest 0 0 0 0 #DIV/01 Miscellaneous 0 0 0 0 #DIVIO! Total revenues 1,370,000 0 51,190 (1,318,810) 3.74% Expenditures 163 Sprague swales 0 0 510 (510) #DIVIOl 190 14th Ave Custer to Carnahan 0 0 0 0 #DIVIOI 189 Bettman-Dickey Storm drain 0 0 0 0 #DIV10I 173 Decant Facility 0 154,972 243,871 (243,871) #D1V101 Broadway SD retrofit(design only) 60,000 0 0 60,000 0.00% Outfall Diversion(design only) 60,000 0 0 60,000 0.00% 192 SE Yardley Retrofits 1,000,000 5,009 32,925 967,076 3.29% Total expenditures 1,120,000 159,981 277,306 842,694 24,76% Revenues over(under)expenditures 250,000 (159,981) (226,115) (2,161,504) Beginning working capital 333,610 333,610 Ending working capital 583,610 107,495 Page 15 P:1FinancelFor City CouncillCouncil Monthly Reports1201412014 05 31.xlsx CITY OF SPOKANE VALLEY,WA (Budget Year 2014 Budget to Actual Comparison of Revenues and Expenditures Elapsed= 41.7% For the Five-Month Period Ended May 31,2014 2014 Actual Actual thru Budget %of Budget May May 31 Remaining Budget INTERNAL SERVICE FUNDS #501 -ER&R FUND Revenues Transfer-In-#001 15,400 0 3,850 (11,550) 25.00% Transfer-in-#101 10,777 0 2,694 (8,083) 25,00% Transfer-in-#101 (plow replace.) 75,000 0 18,750 (56,250) 25.00% Transfer-in-#402 1,567 0 392 (1,175) 25.00% Investment Interest 1,000 59 260 (740) 25,97% Transfer-in-#101 (new pickup) 15,000 0 0 (15,000) 0.00% Transfer-!n-#402(new pickup) 30,000 0 0 (30,000) 0,00% Total revenues 148,744 69 25,946 (122,798) 17.44% Expenditures Vehicle Acquisitions 90,000 0 0 90,000 0.00% Total expenditures 90,000 0 0 90,000 0.00% Revenues over(under)expenditures 58,744 59 25,946 (212,798) Beginning working capital 1,183,348 1,183,348 Ending working capital 1,242,092 1,209,294 #502-RISK MANAGEMENT FUND Revenues Investment Interest 0 0 2 2 #DIV/O! Interfund Transfer-#001 325,000 0 81,250 (243,750) 25.00% Total revenues 325,000 0 81,252 (243,749) 25.00% Expenditures Auto&Property Insurance 325,000 0 272,435 52,565 83.83% Unemployment Claims 0 5,680 5,680 (5,680) #DIV/01 Miscellaneous 0 0 0 0 #DIV/OI Total expenditures 325,000 5,680 278,115 46,885 85,57% Revenues over(under)expenditures 0 (5,679) (196,863) (290,634) Beginning working capital 124,171 124,171 Ending working capital 124,171 (72,692) SUMMARY FOR ALL FUNDS Total of Revenues for all Funds 67,257,980 7,960,625 19,152,613 Per revenue status report 67,257,980 7,960,625 19,152,613 Difference 0 0 0 Total of Expenditures for all Funds 71,304,691 3,882,938 17,405,449 Per expenditure status report 71,304,691 3,882,938 17,405,449 0 0 0 Page 16 P:1FinancelFor City CouncillCauncil Monthly Reports1201412014 05 31.xisx CITY OF SPOKANE VALLEY,WA 6/10/2014 Investment Report For the Five-Month Period Ended May 31, 2014 Total LGIP* BB CD 2 BB CD 3 Investments Beginning $ 42,845,951.45 $ 3,056,571.04 $ 2,000,000.00 $ 47,902,522.49 Deposits 1,850,624.72 0.00 0.00 1,850,624.72 Withdrawls 0.00 0.00 0.00 0.00 interest 3,354.66 0.00 0.00 3,354.66 Ending $ 44,699,930.83 $ 3,056,571.04 $ 2,000,000.00 $ 49,756,501.87 matures: 6/28/2014 11/4/2014 rate: 0.35% 0.29% Earnings Balance Current Period Year to date Budget 001 General Fund $ 31,518,578.18 $ 2,145.25 $ 9,223.57 $ 65,000.00 101 Street Fund 2,493,225.66 168.10 686.72 3,000.00 103 Trails & Paths 37,979.16 2.56 11.26 0.00 105 Hotel/Motel 391,575.63 26.40 98.70 300.00 120 CenterPlace Operating Reserve 300,000.00 0.00 0.00 0.00 121 Service Level Stabilization Reserve 5,191,253.37 350.00 1,539.32 7,300.00 122 Winter Weather Reserve 503,543.76 33.95 149.31 700.00 123 Civic Facilities Replacement 1,196,992.56 80.70 354.93 1,700.00 301 Capital Projects 873,400.10 58.89 258.57 1,000.00 302 Special Capital Projects 1,004,572.02 67.73 297.88 1,000.00 303 Street Capital Projects Fund 22,850.32 1.54 6.78 0.00 309 Parks Capital Project 491,183.51 33.12 145.66 500.00 310 Civic Buildings Capital Projects 1,318,518.38 88.90 390.97 1,900.00 311 Street Capital Improvements 2011+ 2,048,561.01 138.12 607.44 0.00 312 Capital Reserve Fund 0.00 0.00 0.00 0.00 402 Stormwater Management 1,483,479.81 100.02 439.89 2,500.00 403 Aquifer Protection Fund 0.00 0.00 0.00 0.00 501 Equipment Rental & Replacement 875,687.42 59.04 259.66 1,000.00 502 Risk Management 5,100.98 0.34 1.51 0.00 $ 49,756,501.87 $ 3,354.66 $ 14,472.17 $ 85,900.00 *Local Government Investment Pool Page 17 P:\Finance\For City Cour cil\Council Monthly Reports1201412014 05 31.xlsx CITY OF SPOKANE VALLEY,WA 6/10/2014 Sales Tax Receipts For the Five-Month Period Ended May 31, 2014 Month Difference Received 2013 2014 $ a✓a February 1,876,298.24 1,891,031.43 14,733.19 0.79% March 1,279,426.01 1,324,975.84 45,549.83 3.56% April 1,295,166.24 1,357,736.39 62,570.15 4.83% May 1,531,483.94 1,636,894.44 105,410.50 6.88% 5,982,374.43 6,210,638.10 228,263.67 3.82% June 1,486,879.22 July 1,568,524.87 August 1,612,535.63 September 1,646,673.39 October 1,650,525.59 November 1,630,334.91 December 1,544,088.55 January 1,584,524.73 18,706,461.32 6,210,638.10 Sales tax receipts reported here reflect remittances for general sales tax, criminal justice sales tax and public safety tax. The sales tax rate for retail sales transacted within the boundaries of the City of Spokane Valley is 8.7%. The tax that is paid by a purchaser at the point of sale is remitted by the vendor to the Washington State Department of Revenue who then remits the taxes back to the various agencies that have imposed the tax. The allocation of the total 8.7%tax rate to the agencies is as follows: - State of Washington 6.50% - City of Spokane Valley 0.85% - Spokane County 0.15% - Crminial Justice 0.10% - Spokane Public Facilities District 0.10% * - Public Safety 0.10% * 2.20% local tax - Juvenile Jail 0.10% * - Mental Health 0.10% * - Law Enforcement Communications 0.10% * - Spokane Transit Authority 0.60% * 8.70% * Indicates voter approved sales taxes In addition to the .85% reported above that the City receives, we also receive a portion of the Criminal Justice and Public Safety sales taxes. The distribution of those taxes is computed as follows: Criminal Justice: The tax is assessed county-wide and of the total collected, the State distributes 10% of the receipts to Spokane County, with the remainder allocated on a per capita basis to the County and the cities within the County. Public Safety: The tax is assessed county-wide and of the total collected, the State distributes 60% of the receipts to Spokane County, with the remainder allocated on a per capita basis to the cities within the County. Page 18 H:1Tax RevenuelSales Tax12014\sales tax collections 2014.xlsx ri 0.., CITY OF SPOKANE VALLEY,WA 5/28/2014 Sales Tax Collections- April For the years 2005 through 2014 Ilk b 2014 to 2013 Difference 2005 I 2006 I 2007 I 2008 2009 I 2010 2011 2012 2013 1 2014 $ % January 1,367,929 1,572,609 1,759,531 1,729,680 1,484,350 1,491,059 1,460,548 1,589,887 1,671,269 1,677,887 6,618 0.40% February 917,747 1,068,743 1,155,947 1,129,765 1,098,575 963,749 990,157 1,009,389 1,133,347 1,170,640 37,293 3.29% March 1,015,573 1,072,330 1,196,575 1,219,611 1,068,811 1,018,468 1,015,762 1,067,733 1,148,486 1,201,991 53,505 4.66% April 1,322,070 1,371,030 1,479,603 1,423,459 1,134,552 1,184,137 1,284,180 1,277,621 1,358,834 1,448,539 89,705 6.60% Collected to date 4,623,319 5,084,712 5,591,656 5,502,515 4,786,288 4,657,413 4,750,647 4,944,630 5,311,936 5,499,057 187,121 3.52% May 1,159,647 1,392,111 1,353,013 1,243,259 1,098,054 1,102,523 1,187,737 1,174,962 1,320,449 0 June 1,212,663 1,362,737 1,428,868 1,386,908 1,151,772 1,123,907 1,248,218 1,290,976 1,389,802 0 July 1,377,753 1,555,124 1,579,586 1,519,846 1,309,401 1,260,873 1,332,834 1,302,706 1,424,243 0 August 1,395,952 1,405,983 1,516,324 1,377,943 1,212,531 1,211,450 1,279,500 1,299,678 1,465,563 0 September 1,372,081 1,487,155 1,546,705 1,364,963 1,227,813 1,191,558 1,294,403 1,383,123 1,466,148 0 October 1,520,176 1,526,910 1,601,038 1,344,217 1,236,493 1,269,505 1,291,217 1,358,533 1,439,321 0 November 1,095,566 1,369,940 1,443,843 1,292,327 1,155,647 1,139,058 1,217,933 1,349,580 1,362,021 0 December 1,286,191 1,366,281 1,376,434 1,129,050 1,070,245 1,141,012 1,247,920 1,323,189 1,408,134 0 Total Collections 15,043,348 16,550,953 17,437,467 16,161,028 14,248,244 14,097,299 14,850,409 15,427,377 16,587,617 5,499,057 Budget Estimate 12,280,000 16,002,000 17,466,800 17,115,800 17,860,000 14,410,000 14,210,000 14,210,000 15,250,000 16,390,000 Actual over(under)budg 2,763,348 548,953 (29,333) (954,772) (3,611,756) (312,701) 640,409 1,217,377 1,337,617 (10,890,943) Total actual collections as a%of total budget 122.50% 103.43% 99.83% 94.42% 79.78% 97.83% 104.51% 108.57% 108.77% n/a %change in annual total collected 10.93% 10.02% 5.36% (7.32%) (11.84%) (1.06%) 5.34% 3.89% 7.52% n/a %of budget collected through April 37.65% 31.78% 32.01% 32.15% 26.80% 32.32% 33.43% 34.80% 34.83% 33.55% %of actual total collected through April 30.73% 30.72% 32.07% 34.05% 33.59% 33.04% 31.99% 32.05% 32.02% n/a Chart Reflecting History of Collections through the Month of April 6,000,000 5,000,000 Hoori 4,000,000 ■April 3,000,000 "March ■February 2,000,000 ■Ja nua ry 1,000,000 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Page 19 H:1Tax RevenuelLodging Tax120141105 hotel motel tax 2014.xlsx CITY OF SPOKANE VALLEY,WA 5/29/2014 Hotel/Motel Tax Receipts through- April Actual for the years 2005 through 2014 -fpr 12; 211 2014 to 2013 2005 J 2006 2007 I 2008 � 2009 I 2010 Difference % L. � 2011 I 2012 I 2013 � 2014 $ Io January 20,691.03 20,653.49 25,137.92 28,946.96 23,280.21 22,706.96 22,212.21 21,442.32 24,184.84 25,425.40 1,241 5.13% February 19,976.81 20,946.09 25,310.66 24,623.06 23,283.95 23,416.94 22,792.14 21,548.82 25,974.98 26,013.62 39 0.15% March 22,828.15 24,308.48 29,190.35 27,509.99 25,272.02 24,232.35 24,611.28 25,654.64 27,738.65 29,383.93 1,645 5.93% April 29,748.41 34,371.82 37,950.53 40,406.02 36,253.63 39,463.49 38,230.49 52,130.37 40,979.25 48,245.81 7,267 17.73% Total Collections 93,244.40 100,279.88 117,589.46 121,486.03 108,089.81 109,819.74 107,846.12 120,776.15 118,877.72 129,068.76 10,191 8.57% May 29,017.66 32,522.06 31,371.01 36,828.53 32,588.80 34,683.32 33,790.69 37,478.44 40,560.41 0.00 June 35,330.35 34,256.71 36,267.07 46,659.88 40,414.59 39,935.36 41„403.41 43,970.70 47,850.15 0.00 July 43,841.82 49,744.62 56,281.99 50,421.37 43,950.26 47,385.18 49,311.97 52,818.60 56,157.26 0.00 August 46,852.10 45,916.16 51,120.70 50,818.35 50,146.56 54,922.99 57,451.68 57,229.23 63,816.45 0.00 September 46,746.18 50,126.53 57,260.34 60,711.89 50,817.62 59,418.96 58,908.16 64,298.70 70,794.09 0.00 October 34,966.85 38,674.17 43,969.74 38,290.46 36,784.36 41,272.35 39,028.08 43,698.90 43,835.57 0.00 November 26,089.36 36,417.11 36,340.64 35,582.59 34,054.79 34,329.78 37,339.36 39,301.22 42,542.13 0.00 December _ 31,740.18 29,147.15 31,377.41 26,290.11 27,131.43 26,776.84 32,523.19 30,432.13 34,238.37 0.00 Total Collections 387,828.90 417,084.39 461,578.36 467,089.21 423,978.22 448,544.52 457,602.66 490,004.07 518,672.15 129,068.76 Budget Estimate 436,827.00 350,000.00 400,000.00 400,000.00 512,000.00 380,000.00 480,000.00 430,000.00 490,000.00 490,000.00 Actual over(under)budg (48,998.10) 67,084.39 61,578.36 67,089.21 (88,021.78) 68,544.52 (22,397.34) 60,004.07 28,672.15 (360,931.24) Total actual collections as a%of total budget 88.78% 119.17% 115.39% 116.77% 82.81% 118.04% 95.33% 113.95% 105.85% n/a %change in annual total collected 6.71% 7,54% 10.67% 1.19% (9.23%) 5.79% 2.02% 7.08% 5.85% n/a %of budget collected through April 21.35% 28.65% 29.40% 30.37% 21.11% 28.90% 22.47% 28.09% 24.26% 26.34% %of actual total collected through April 24.04% 24.04% 25.48% 26.01% 25.49% 24.48% 23.57% 24.65% 22.92% n/a Chart Reflecting History of Collections through the Month of April 140,000.00 120,000.00 100,000.00 80,000.00 c April March 60,000.00 i E February 0 40,000.0 ■Janua ry 20,000.00 0.00 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Page 20 H:1Tax Revenue\REET120141301 and 302 REET for 2014.xlsx CITY OF SPOKANE VALLEY,WA 5/29/2014 1st and 2nd 1/4%REET Collections through April Actual for the years 2005 through 2014ril 2014 to 2013 Difference I 2005 I 2006 I 2007 I 2008 1 2009 I 2010_ 1 2011 1 2012 I 2013 I 2014 I $ % January 147,819.56 243,894.16 228,896.76 145,963.47 55,281.25 59,887.08 64,128.13 46,358.75 56,898.40 61,191.55 4,293 7.55% February 128,082.35 172,154.72 129,919.79 159,503.34 45,180.53 64,121.61 36,443.36 56,114.56 155,226.07 67,048.50 (88,178) (56.81%) March 198,013.09 182,065.71 263,834.60 133,513.35 73,306.86 86,204.41 95,879.78 71,729.67 72,171.53 79,703.61 7,532 10.44% April 192,012.44 173,796.61 211,787.08 128,366.69 81,155.83 99,507.19 79,681.38 86,537.14 90,376.91 107,169.47 16,793 18.58% Collected to date 665,927.44 771,911.20 834,438.23 567,346.85 254,924.47 309,720.29 276,132.65 260,740.12 374,672.91 315,113.13 (59,560) (15.90%) May 240,765.59 306,871.66 222,677.17 158,506.43 77,463.58 109,624.89 124,691.60 111,627.22 116,164.91 0.00 June 284,268.67 226,526.64 257,477.05 178,202.98 105,020.98 105,680.28 81,579.34 124,976.28 139,112.11 0.00 July 209,350.53 2,104.30 323,945.47 217,942.98 122,530.36 84,834.48 79,629.06 101,048.69 128,921.02 0.00 August 280,881.50 451,700.06 208,039.87 133,905.93 115,829.68 72,630.27 129,472.44 106,517.19 117,149.90 0.00 September 214,738.94 188,066.23 165,287.21 131,240.36 93,862.17 75,812.10 68,019.83 63,516.73 174,070.25 0.00 October 244,590.31 211,091.20 206,442.92 355,655.60 113,960.52 93,256.02 61,396.23 238,094.79 117,805.76 0.00 November 190,964.73 141,729.09 191,805.53 147,875.00 133,264.84 72,021.24 74,752.72 104,885.99 78,324.02 0.00 December 159,381.40 161,285.23 179,567.77 96,086.00 71,365.60 38,724.50 65,077.29 74,299.65 75,429.19 0.00 Total distributed by Spokane County 2,490,869.11 2,461,285.61 2,589,681.22 1,986,762.13 1,088,222.20 962,304.07 960,751.16 1,185,706.66 1,321,650.07 315,113.13 Budget estimate 4,006,361.00 2,000.000.00 2,000,000.00 2,000,000.00 2,000,000.00 760,000.00 800,000.00 950,000.00 1,000,000.00 1,200.000.00 Actual over(under)budget j,515,491.89) 461,285.61 589,681.22 (13,237.87) (911.777.80) 202,304.07 160,751.16 235,706.66 321,650.07 (884,886.87) Total actual collections as a%of total budget 62.17% 123.06% 129.48% 99.34% 54.41% 126.62% 120.09% 124.81% 132.17% n/a %change in annual total collected 23.92% (1.19%) 5.22% (23.28%) (45.23%) (11.57%) (0.16%) 23.41% 11.47% n/a %of budget collected through April 16.62% 38.60% 41.72% 28.37% 12.75% 40.75% 34.52% 27.45% 37.47% 26.26% %a of actual total collected through April 26.73% 31.36% 32.22% 28.56% 23.43% 32.19% 28.74% 21.99% 28.35% n/a Chart Reflecting History of Collections through the Month of April 900,000.00 800,000.00 . 700,000.00 600,000.00 500,OOOA0III Q April March 400,000.00 - 300,000.00 January February 200,000.00 ® ® r 100,000.00 I 0.00 1E1 41 . .____', '=;' _ 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 r'ge 21 H:\Bonds\debt capacity.xlsx CITY OF SPOKANE VALLEY,WA 2/4/2014 Debt Capacity 2013 Assessed Value for 2014 Property Taxes 7,168,991,028 Maximum Outstanding Remaining Debt as of Debt Capacity 12/31/2013 Capacity Utilized Voted (UTGO) 1.00% of assessed value 71,689,910 0 71,689,910 0.00% Nonvoted (LTGO) 1.50% of assessed value 107,534,865 7,435,000 100,099,865 6.91% Voted park 2.50% of assessed value 179,224,776 0 179,224,776 0.00% Voted utility 2.50% of assessed value 179,224,776 0 179,224,776 0.00% 537,674,327 7,435,000 530,239,327 1.38% 2003 LTGO Bonds Road & Period Street Ending CenterPlace Improvemen s Total 12/1/2004 60,000 85,0 0 145,000 12/1/2005 75,000 90,0 0 165,000 12/1/2006 85,000 90,00' 175,000 Bonds 12/1/2007 90,000 95,001 185,000 Repaid 12/1/2008 95,000 95,001 190,000 12/1/2009 105,000 100,00. 205,000 12/1/2010 110,000 100,00E 210,000 12/1/2011 120,000 105,000 225,000 12/1/2012 130,000 110,000 240,000 12/1/2013 140,000 115,000 255,000 1,010,000 985,000 1,995,000 12/112014 150,000 120,000 270,000 12/1/2015 160,000 125,000 285,000 12/1/2016 170,000 130,000 300,000 12/1/2017 180,000 135,000 315,000 12/1/2018 220,000 140,000 360,000 12/1/2019 250,000 145,000 395,000 12/1/2020 290,000 150,000 440,000 12/1/2021 325,000 160,000 485,000 Bonds 12/1/2022 360,000 165,000 525,000 Remaining 12/1/2023 405,000 175,000 580,000 12/1/2024 450,000 0 450,000 12/1/2025 490,000 0 490,000 12/1/2026 535,000 0 535,000 12/1/2027 430,000 0 430,000 12/1/2028 340,000 0 340,000 12/1/2029 295,000 0 295,000 12/1/2030 280,000 0 280,000 12/1/2031 240,000 0 240,000 12/1/2032 190,000 0 190,000 12/1/2033 230,000 0 230,000 5,990,000 1,445,000 7,435,000 7,000,000 2,430,000 9,430,000 Page 22 1 SY°F ti Operations & Administrative Services poKane Valley- 2014— 1st Quarter Report/Revised Format This report is the beginning of a new format for the Operations&Administrative Services Division. included in this change of format is the reporting of data for some of our contracts with Spokane County. In order to transition into a schedule which allows for time to analyze data received from the County, the 2014 reports will be on a different schedule than the traditional quarter. It is anticipated that by the third quarter of 2014, all data will be reported quarterly thereafter with a modified schedule. That schedule will be: 2nd Quarter Report—August Council Packet;3rd Quarter Report–No- vember Council Packet;4th Quarter Report—February Council Packet. 2015 1st Quarter Report will be provided in the May,2015 Council Packet. Human Resources: January—March Special Projects: Recruiting/Employment Activity to Fill Budgeted Positions Recruitment Filled or Recruiting • Attended Spokane Valley Chamber Business PT Recreation Assistant–Host Recruiting Show to demonstrate City's mobile app. On Call Snow Plow Operator Recruiting Summer Day Camp Lead Counselor Filled • Attended City Hall at the Mall event to pro Summer Day Camp Counselor Filled mote City's mobile app. Summer Day Camp Asst. Lead Counselor Filled • Executive recruitment for Deputy City Manag- Recreation Intern Filled er position. Park Program Lead Filled Plans Examiner Recruiting Engineer Planning/Grants Filled Park Ambassador Filled Deputy City Manager Recruiting Business Support Intern Filled Development Services Coordinator Recruiting Public Information Intern Recruiting Traffic Intern–Public Works Recruiting Stormwater Intern Recruiting SCITY Ors _ one Public Information Office Key Reporting Areas: January—May (Normally, January through March) • Media relations: • Citizen Contacts: 111 • Media Release email distribution subscribers: 448 Media contacts: 34 • Traffic Alert email distribution subscribers: 451 Does not include those that were subsequently • Hot Topic Community ENewsletter Subscribers: 648 referred to another City resource or multiple contacts • Hot Topic citywide mailed distribution: none for this period on same request. • Website Updates: 79 Media releases &traffic: 98 Including 9 Calendar Requests, 30 Traffic Alerts and 6 Snow-Info updates Earned media stories: 140 Does not include all television/radio/web as not all are Areas of Significant focus: available online a City Hall at the Mall/State of the City planning/ Equivalent ad value of earned media stories: $37,223.75 coordination Based on cost to purchase advertising of equivalent a State of the City research/slide development length. This total is just for broadcast coverage ar • Solid Waste decision chivied online as not all broadcast media make copies • End of year reporting, accomplishments,work available. It also calculates blog coverage based on plan one minimum ad size. When earned media specific to Begin construction season outreach Spokane Valley is part of a larger article covering other areas, only the portion pertaining to Spokane Valley is used to calculate value. Total media stories: 329 Does not include ads, police reports, nor all television/ - radio/web as not all are available online. 2014 City of Spokane Valley Public Safety Contract 3 Sjökne 1st Quarter Cost Projections Valley'x' Cost Projection Table User's Guide: The City of Spokane Valley contracts for public safety services. All these services are provided by Spokane County and,therefore,these costs are not controlled by the City's budget appropriations. In most cases, the costs are not fixed. For these reasons, it is important to track the City's usage and project annual City costs for these contracts to insure that the City's budget can accommodate the associated public safety costs. These projections are guides to allow staff to investigate changing trends and project whether actual costs will be substantially different from estimated costs. These projections are also useful in helping the City Manger and City Council gauge the annual financial commitment necessary to accommodate public safety needs. Steps in Public Safety Contracting Cycle Step 1 City staff prepares Public Safety budget based upon multiple years of usage and cost trends Step 2 County provides contract estimates to City Step 3 County provides quarterly usage figures for City Step 4 City staff prepares annual cost projections, updated quarterly Step 5 City staff calculates final end-of-year cost projection _ Step 6 City staff calculates a liability to book and prepare an accompanying budget amendment if necessary Step 7 Spokane County staff calculates the actual contract costs for Spokane Valley and reconcile those costs to the estimated costs that were paid during the year Step 8 City staff reviews County calculations for accuracy and appropriateness of costs If the actual costs are less than the estimated costs, a credit is issued to the City;if the actual costs are greater Step 9 than the estimated costs,the City Manager authorizes payment to County for the difference This quarterly cost projection report is the result of Step 4 above. City staff has prepared cost projections based upon the most recent information availa- ble. During the course of the year, projections will incorporate the latest Spokane Valley usage statistics as the City's usage often determines how much of the total costs are charged to the City. At the end of the year, staff will also incorporate any actual cost data that is available from Spokane County into the cost projections. Table 1 on the following page displays, by contracted service,the County provided cost estimate and usage estimate,the County provided current quar- ter's City usage,the City staff calculated cost projection for each of the eight public safety contracts,the City budget amount, and the difference between the budget and the projection; represented either as a cost overage or a cost savings. These costs are only specific to the contracts listed and do not rep- resent the entire Public Safety budget but they do represent the majority of that total budget. Tables 2 and 3 show in greater detail the calculations for Law Enforcement and District Court. 2014 City of Spokane Valley Public Safety Contract 4 cITYooika ne 1st Quarter Cost Projections ... Velle Y Table 1. 2014 Public Safety Contract Cost Projections Incorporating 1st Quarter Usage Statistics County Provided County Provided at Beginning of Year City Calculated Quarterly Contracted Service 2014 2014 Year to Date 2014 Difference:Cost 2014 Spokane Valley Spokane Valley 2014 Spokane Valley Cost Estimate Spokane Valley Spokane Valley Overage/(Cost % Projected Annual Budgeted UsageEstimate Usage Savings) Cost Animal Control $ 287,081 n/a n/a $ 287,081 $ 287,081 $ - District Court $ 866,842 Refer to District Court Table $ 883,409 $ 891,304 ^ $ (7,895) Emergency Mgmt. $ 82,542 19.06% 19.06% $ 82,542 $ 81,398 $ 1,144 Detention Services $ 1,464,592 4.46% 3.61% $ 1,184,721 $ 1,501,222 $ (316,501) Pretrial $ 114,812 16.91% 17.52% $ 118,945 _ $ 102,894 $ 16,051 Prosecutor $ 415,137 36.12% 33.89% $ 391,687 $ 406,777 $ (15,090) Public Defender $ 617,431 37.23% 34.25% $ 568,385 $ 852,965 $ (284,580) Law Enforcement $ 17,709,872 Refer to Law Enforcement Table $ 18,174,439 $ 18,144,552 $ 29,887 Total $ 21,558,309 $ 21,691,209 $ 22,268,193 $ (576,984) Notes: 1.Annual increases in Animal Control costs can increase no more than the increase in the CPI. Usage statistics are not used_ There is no settle and adjust provision i.e. the estimate and the projection are the same 2. The County does not provide a District Court cost estimate at the beginning of the year. Instead, we receive estimated Cost Per Case (CPC) rates which are calculated using prior year cases and costs. These rates are then applied to our current period case totals and constitute our estimate. Until the final quarterly usage report is prepared, the total Annual District Court cost estimate in the table above is the annualized amount paid year to date and will change each quarter. This differs further from the Projected Annual Cost which involves our recalculating the estimated CPC to factor in changes to the total number of cases per case type, which is a component of the calculation of the actual CPC for the year. CPC=Case Type$'.5/#of cases by case type. 5 =' 2014 City of Spokane Valley Public Safety Contract OF ,, — -`~- 1st Quarter Cost Projections Spokane .. *Va He x Table 2.2014 District Court Projections Incorporating Current Usage Estimate Paid Projected 2014 2014 2014 2014 2014 Case Type Total District 2013 Total All Annualized YP 2014 Cost Annualized Annualized Projected Spokane Valley Court$'s Per Jurisdictions Total All Per Case Spokane Valley Spokane Valley Cost Per End of Year Case Type Cases Jurisdictions Cases YTD Paid Estimate YTD Case Projection Infraction $ 1,153,689 37,568 $ 30.71 6,480 $ 198,997 36,484 $ 31.62 $ 204,909 DUI $ 815,389 1,820 $ 448.02 348 $ 155,910 2,172 $ 375.41 $ 130,642 Criminal Traffic $ 759,300 4,862 $ 156.17 1,196 $ 186,780 4,704 $ 161.42 $ 193,053 Misd,Domestic Violence $ 396,549 850 $ 466.53 308 $ 143,691 776 $ 511.02 $ 157,393 Criminal Non-Traffic $ 501,598 1,758 $ 285.32 636 $ 181,465 1,616 $ 310.39 $ 197,411 $ 866,842 $ 883,409 Notes: 1. The "Total District Court S's Per Case Type"use to determine the 2014 estimated Cost Per Case(CPC) rates include 2013 actual direct costs and 2012 6 SiökiiI ne New & Renewed Business Valley x Licenses .. Va 2000 1781 Central Reception: 1500 - 1st Qtr 1000 808 500 POW 0 Mar, 177 fan, 166 New Renew vol Feb, 167 ip 600 _. - --_ Call Log History 500 1 400 Visitor I6curne 2014 Total = 505 300 200 100 . _ CD 1 Council H R Legal Misc Ups/AdP&R PW Total min � �� - --- ■Jan 161 33 11 13 128 42 15 71 474 ®Feb 153 29 13 7 _ 110 32 10 93 1 447 0 Mar 209 44 10 6 154 36 20 89 I 568 7 CTTY OF Central Reception: poKane E-Gov C.A.R.E.S Requests 40.0.0 Valley 16O - 145 140 : 1 f S I E129 • I 120 i ! i 100 1 1 t 80 E8 U Jan _ 60 I zi Feb Mar 20 j i ::. ' • 0 I .. - yes S\ 4'6' t.� i� •o� a�1 5 wh o• S `•�$,� �o o o o �a-a C �at`o k'��, e•c• e��5 oQaay \� �e �a� a\ S'S) s�.C. �e�\ �,•¢4 5� at \,a „,cow C,. �`c,� • o� CITY OF pokane Administrative: elle Y • Solid Waste planning • Review new Law Enforcement Methodology • Performed analysis of Criminal Justice Committee report • Evaluated Public Safety Contract liabilities to book • Complete and presented Law Enforcement Staffing Analysis • Attended first Animal Control Advisory Board meeting • 2015 Budget preparation • 2015 Business Plan Draft • Council Winter Workshop • Safety Training • Hazardous Communications Program policy/plan • E-gov customer service response Rick VanLeuven Ozzie Knezovich Chief of Police Sheriff ° ie Spokane Valley Police Department Services provided in partnership with °"1N= °0+4 the Spokane County Sheriff's Office and the Community, Dedicated to Your Safety. TO: Mike Jackson, City Manager FROM: Rick VanLeuven, Chief of Police DATE: June 16, 2014 RE: Monthly Report May 2014 May 2014: May 2013: CAD incidents: 5,268 CAD incidents: 4,805 Reports taken: 1,770 Reports taken: 1,884 Traffic stops: 1,151 Traffic stops: 950 Traffic reports: 268 Traffic reports: 315 CAD incidents indicate calls for service as well as self-initiated officer contacts. Hot spot maps are attached showing May residential burglaries, traffic collisions, vehicle prowlings, and stolen vehicles. Also attached are trend-line graphs for 2009, 2010, 2011, 2012 and 2013: Citations, Spokane Valley Dispatched Calls, Self-Initiated Calls, Collisions, Persons Crimes, Property Crimes, and Sex Crimes. Also included is the May Crimes by Cities stats report. This report reflects incidents that occurred in a specific city to which a deputy from Spokane County took the courtesy report. For example, an individual may have had his car stolen in Airway Heights, and he waited until he returned home in the Newman Lake area to make a report. In 2011, we switched from UCR to NIBRS classification. As a result, certain crimes were broken down to their violation parts for NIBRS and each part is now counted. Consequently, comparing certain crimes before 2011 to crimes during or after 2011 is not possible using the graphs. The crimes that are impacted by the NIBRS classification changes and should not be compared to prior graphs include: Adult Rape,Assault, Forgery and Theft. ADMINISTRATIVE: Chief VanLeuven spent some time in early May with two new hire deputies of the Spokane County Sheriffs Office, and later in the month again welcomed two more new hire deputies as well as four Page 1 deputies making a lateral transfer from other law enforcement agencies in the area. Chief VanLeuven discussed the dynamics of the Spokane Valley Police Department and his expectations. We do expect six deputies to retire the end of June. Chief VanLeuven spoke at the Citizen's Academy in early May, which was held at the Sheriffs Office Training Center, and discussed current events in Spokane Valley vis-à-vis police activities and crime trends. Those attending the academy were very appreciative of the information shared and had an overall positive experience as they learned more about the "how's" and"why's" of what we do. Deputy Jeff Duncan presented Opportunity Elementary Principal Mandi Poindexter with a Certificate of Appreciation. She has a true desire to see children exceed their potential, going out of her way to locate a runaway child who attends Opportunity Elementary and got ,war him the help that he needed. Thank you for what you give to the .rt community! It is very much appreciated by those working with you at the Spokane County Sheriff's Office. As in past years, early May brought the 17th Annual Law Enforcement Breakfast at Faith Bible Church, with this year's theme being, "Who For My Life Risked Their Own." The speaker _ this year was Pastor Rob Bauer who is a former Wyoming State Trooper and Douglas County Probation Officer, and is currently a National Church and Revival Speaker and Pastor. Later in the day, law enforcement and guests met at the Law Enforcement Memorial in the courtyard of the Public Safety Building/Courthouse where a short service was held. In mid-May, Chief VanLeuven attended a U.S. Geological Service meeting at the Fire Training Center with area law enforcement and fire officials reference earthquake studies in the Spokane area. Lt. Rob Sherar obtained his Middle Management Certification at the WA Criminal Justice Training Center in Burian, WA, after attending a week-long training there. Chief VanLeuven attended quarterly in-service training in May. Chief VanLeuven and Lt. Scott Szoke attended a National Police Week Ceremony at Fairchild Air Force Base in mid-May, recognizing all our fallen law enforcement brethren, both security forces members home and abroad and law enforcement officials nationwide. The Northwest Gang Investigators Seminar was held at the Northern Quest Casino in late May, and Chief VanLeuven provided the welcome and opening remarks to those attending the seminar. The end of May brought the Annual Washington Association of Sheriffs and Police Chiefs Conference (WASPC), which was held in Spokane at the Convention Center. Sheriff Knezovich is currently the President of WASPC. Deputy Rob King was recognized during the Accreditation Awards for his outstanding efforts shown during the reaccreditation of the Spokane County Sheriffs Office. Deputy King will also be spearheading the reaccreditation of the Spokane Valley Police Department in 2015. Page 2 SHERIFF'S COMMUNITY ORIENTED POLICING EFFORT (SCOPE): SCOPE volunteers participated in the following events during the month of May: • S.C.O.P.E. gave/fitted over 100 helmets in May (provided by the City of Spokane Valley) • Sheriff Chaplains Annual Law Enforcement Breakfast • Law Enforcement Memorial Ceremony • "Bike to School Day" at Broadway Elementary • Safe Kids Meeting • "Recognizing Marijuana Use for Schools and Communities" Training • Vendor booth at WASPC (Washington Association of Sheriff Police Chiefs) Conference • GSSAC (Greater Spokane Substance Abuse Council) Town Hall Meeting "Our Health— Our Future" • McDonalds Elementary Bike Safety Training • Fairchild AFB Skyfest • GoodWill GoodGuides Mentoring Program • Fall Free Spokane Coalition Meeting • GSSAC Coalition Meeting, and • Operation Family ID May 2014 Volunteers Hours per Station Location #Volunteers Admin Hours L.E. Hours Total Hours Central Valley 16 482.50 74.0 556.50 Edgecliff 21 439.00 36.00 475.00 Trentwood 6 175.00 31.50 206.50 University 20 472.00 158.50 630.50 TOTALS 63 1,568.50 300.00 1,868.50 Volunteer Value ($21.62 per hour) $40,396.97 for May 2014 Spokane Valley Graffiti Report 2012 2013 2014 Jan. 0 2 3 Feb. 0 7 16 March 2 13 11 April 14 9 30 May 16 4 4 June 15 9 July 41 7 Aug. 57 22 Page 3 Sept. 26 4 Oct. 30 7 Nov. 19 7 Dec. 37 1 Total 257 92 39 S.C.O.P.E. Incident Response Team (SIRT) volunteers contributed 51 on-scene hours (including travel time) in May, responding to crime scenes, motor vehicle accidents and providing traffic control. Of those hours, 16 hours were for incidents in Spokane Valley. The total number of hours for Special Events in Spokane Valley in May totaled zero, although SIRT members participated in the East Valley Parade in Otis Orchards, the Lilac Armed Forces Parade, and Skyfest at Fairchild Air Force Base. Total May volunteer hours contributed by SIRT, including training, stand-by, response and special events is 632; year-to-date total is 2,647 hours. Abandoned vehicles tagged by S.C.O.P.E. volunteers for impoundment in Spokane Valley in April totaled 20 and in May 19 with 3 vehicles in April and 5 in May, respectively, eventually cited and towed. Six hulks were processed in April and 23 hulks processed in May. During the month of May, a total of 70 vehicles were processed; the total for 2014 to date is 307. SCOPE LATENT PRINT STATS January - May 2014 TRAINING HOURS SCSO SVPD TOTAL January 0 25 35 60 February 0 28 55 83 March 0 43 59 102 April 0 41 32 73 May 0 31 29 60 YTD -TOTAL 0 137 181 318 SCOPE DISABLED PARKING ACTIVITY REPORT City of Spokane Valley # of #of Hrs #of Disabled #of #of Non- Vol. Infractions Warnings Disabled Issued Issued Infractions Issued January 4 40 4 0 0 February 6 78 25 0 0 March 3 57 11 0 0 April 3 52 2 0 0 May 2 52 9 0 0 YTD Total 18 279 51 0 0 Page 4 Spokane County # of #of Hrs #of Disabled #of #of Non- Vol. Infractions Warnings Disabled Issued Issued Infractions Issued January 2 11 2 0 0 February 8 10 4 0 0 March 2 23.5 0 0 0 April 4 26.5 0 0 0 May 2 30.5 0 0 0 YTD Total 12 101.5 6 0 0 OPERATIONS: Prolific Thieves Arrested—In mid-April, Spokane County Sheriff's Office Detective Myhre of the Investigative Task Force completed a lengthy investigation into the criminal activities of a 29-year- old male and a 37-year-old male. The crimes committed by these two suspects totaled 30 separate reported incidents and spanned jurisdictions throughout Spokane County and Kootenai County, Idaho. Upon completion of the investigation, Detective Myhre provided information to Spokane County Sheriff's and Spokane Valley Patrol Deputies showing probable cause to arrest both suspects on more than 50 felony charges. In early May, one of the suspects was arrested by Spokane Valley Sheriffs Deputy J. Thurman at a residence in Spokane Valley. The suspect was booked into the Spokane County Jail on 25 felony counts (6 counts of 2nd Degree Identity Theft, 2 counts of Theft of a Firearm, 2 counts of Unlawful Possession of a Firearm, and 15 counts of Theft 2nd Degree) and is currently being held on $75,000 bond for these charges. The following day, the other suspect was arrested by Spokane Valley Sheriffs Deputies N. Bohanek and B. Hubbell at a residence in North Spokane. The suspect was booked into the Spokane County Jail on 29 felony counts (8 counts of Identity Theft 2nd Degree, 16 counts of Theft 2nd Degree, 1 count of Unlawful Possession of Payment Instrument, 2 counts of Theft of Firearm, and 2 counts of Unlawful Possession of a Firearm 1st Degree) and is currently being held on $100,000 bond. Due to this initial investigation of the suspects, another investigation was initiated into further criminal activities committed by the two and additional charges are expected. Bike Stolen from Open Garage by Juvenile Burglar — In mid-May at approximately 6 p.m., Spokane Valley Sheriffs Deputies responded to the report of a garage burglary in the 13300 block of East 10th Avenue in Spokane Valley. The victim reported a young juvenile in his teens entered her attached garage and stole her son's bicycle, estimated at approximately $200. The victim said she was alerted to the theft by one of her neighbors who witnessed the suspect enter into the victim's garage, take the bike, and ride away pedaling very fast. The witness provided a detailed description of the suspect to deputies. Deputies began checking the area and located the suspect, approximately a block away, riding a bicycle matching the description they were given. They contacted the suspect, detained him and informed him of his rights. While talking with the suspect, deputies learned he took the bike from the garage because he needed a way to get around and he didn't think it was a big deal. The juvenile was arrested and transported to the Spokane County Juvenile Detention Center where he was booked for felony Residential Burglary. The bicycle was returned to the owner. Page 5 Stolen Vehicle Recovered-Drugs Found — In early May at approximately 10:10 a.m., Spokane Valley Sheriff's Deputy Ryan Smith stopped a maroon Ford Expedition with no license plates for a speeding violation in the area of 1st and Willow in Spokane Valley. When Deputy Smith contacted the 29-year-old male driver, he observed a bag of marijuana above the sun visor and a glass "stem" type pipe commonly used to smoke methamphetamine on the driver's seat next to the male's leg. He also observed what appeared to be a submachine gun-style weapon under the center console of the vehicle. The male verbally identified himself and told the deputy the weapon was a BB gun, which was later confirmed. The male was arrested after Deputy Smith learned his driving status was suspended in the 3rd degree in Washington. During a search after his arrest, a bindle containing a crystalline substance was found in the male's right front shorts pocket. The substance showed a presumptive positive result for methamphetamine when it was later tested. When Deputy Smith checked the vehicle's VIN, he found it had been reported stolen on April 24th from the area of the 2300 block of East Euclid. After being advised of his rights, the male suspect stated he was borrowing the vehicle from a friend. The suspect was transported and booked into the Spokane County Jail for felony charges of Possession of a Controlled Substance, Methamphetamine and Possession of a Stolen Motor Vehicle as well as a misdemeanor charge of Driving While License Suspended 3rd. The vehicle was returned to the registered owner. Drunk Driver Destroys Fence, Yard,Vehicles and Garage—In mid-May, at 6:30 p.m., Spokane Valley Sheriff's Deputy Todd Miller responded to a single vehicle collision at the intersection of 8th and Carnahan. The homeowner called 911 to report a van had driven through his yard, struck several of his vehicles, and drove through his garage door. He also stated the driver was extremely intoxicated. Deputy Miller arrived and saw a blue Chevy full-size van in the driveway of the victim's residence. The chain link fence at the northeast corner of 8th and Carnahan, as well as the fence next to the victim's driveway, had been driven through. The van had struck an older truck parked in the driveway, which hit another truck in front of it, which went through the garage door and hit a car parked inside the garage. The vehicle that was struck inside the garage ran into another vehicle that was also parked inside the garage. There was also a fence post that was lodged into the opposite side of the garage door and stuck in the bumper of a different vehicle parked inside the garage. In all, the 63-year-old male driver damaged five parked vehicles, the victim's garage, fence, garden and water line. Deputy Miller spoke with the male suspect about the incident, who told Deputy Miller his brakes "went out" as he was driving down Carnahan. During the brief conversation Deputy Miller had with the male suspect, it was obvious to him that the male was extremely intoxicated. The male suspect was ultimately arrested for DUI and refused the breath test. Deputy Miller obtained a search warrant for the suspect's blood and the suspect was booked into jail for DUI; toxicology results are pending. Vehicle Prowler "Accidentally" Steals GPS Device — In mid-May at 4:00 a.m., Spokane Valley Sheriff's Deputy Randy Watts was patrolling the area of 2400 N. Wilbur. A citizen flagged Deputy Watts over and told him he observed a young male with long black hair, carrying a green bag, breaking into vehicles. Deputy Watts located a 21-year-old male subject who matched the suspect's description. Deputy Watts contacted the male, who was initially cooperative, and asked him what he was doing. The male told Deputy Watts he was on his way to a friend's house. After Deputy Watts identified the male suspect, dispatch informed him the male had a felony warrant for his arrest. After the suspect was handcuffed and placed under arrest for the warrant, he said he had not been breaking into any vehicles and had no problem with his bag being searched. During the search of the suspect's bag, a Tom Tom GPS device, car stereo, I-Pod Nano and garage door opener were located. The male suspect told Deputy Watts he had been looking for loose change inside cars, had only broke into three vehicles and "accidentally took the GPS." Additional deputies were Page 6 on scene at this time and were able to locate the owner of the stolen GPS. Deputy Watts told the male he was also under arrest for Vehicle Prowling. During a search of the suspect, Deputy Watts located three cell phones, a car stereo installation kit, four USB flash drives, a telephone speaker, several miscellaneous wires and phone chargers, a blue tooth earpiece, house key and headphones on the suspect's person. Deputy Watts asked the suspect where he got all these items and not to his surprise the male said, "I don't know." When Deputy Watts opened the rear door to his patrol vehicle to place the suspect in the backseat, the suspect decided to try and escape, while handcuffed, and ran from Deputy Watts. Deputy Watts caught the still handcuffed suspect a short distance away and booked him into jail for his Felony Warrant, Vehicle Prowling, Escape, and Obstructing. Laslo Catches Another Convicted Felon — In mid-May at about 11:00 p.m., Spokane Valley Sheriff's Deputy Jeff Thurman and his K9 partner Laslo were patrolling in the area of Tschirley Road and Sprague. Deputy Thurman passed a white Toyota that was traveling northbound on Tschirley, and could hear metal on the road from the vehicles studded tires. Deputy Thurman attempted to stop the vehicle on Sprague west of Tschirley. Deputy Thurman could see the 38- year-old male driver reaching towards the back seat as he failed to stop. The male accelerated to 60-65 mph in the posted 35 mph zone, clearly attempting to elude Deputy Thurman. After a short pursuit that safely ended near the 17100 block of E. Cataldo, the male suspect ran from the vehicle. Deputy Thurman and Laslo exited his marked patrol vehicle and pursued the male on foot. Deputy Thurman told the suspect to stop, he was under arrest, and if he did not stop, he would send Laslo. The male suspect chose not to listen to Deputy Thurman's commands; Laslo was deployed and took the male suspect into custody within a short distance. After Deputy Thurman secured the suspect in a patrol vehicle, he turned off the male suspect's vehicle and saw a rifle in the back seat. When Deputy Thurman asked him why he tried to elude him, then run from him, the suspect told Deputy Thurman he was being stupid. He also told Deputy Thurman the rifle belonged to his father and was not functional. The male suspect was booked into jail on the charges of Felony Eluding, Resisting Arrest, Obstructing, and Driving While License Suspended. Centennial Trail Vehicle Prowlings - With the holiday weekend quickly approaching, the Spokane County Sheriff's Office would like to remind folks enjoying the Centennial Trail to leave all valuables possible at home. There were at least 16 reported vehicle prowlings at the trailheads in a one week period. The prowlings have not been centered at a specific trailhead parking area. There have been victims from the Idaho state line all the way to west Spokane County. The suspects have taken all types of valuables to include credit cards, purses, wallets, GPS devices, stereos, etc. There have been victims that did not realize they had been victimized because the suspect(s) stole checks from check books, left in plain view inside vehicles, near the back of the checkbook. They did not realize their accounts had been compromised until either their bank notified them or they reached the missing check. As always, if you see any type of suspicious activity at the trailheads you are urged to call Crime Check at 509-456-2233. $100,000 Caterpillar Front End Loader Stolen/Recovered — In late May, Spokane Valley Sheriff's Deputy Ken Dodge responded to the area of 16100 E. Broadway on a vehicle theft call. Deputy Dodge contacted the project manager who told him that sometime during the weekend, a 2006 938-G Caterpillar front end loader was stolen from the project. The loader was driven through the east side security fence and had not been located since. The manager said the machine was locked, but that a universal Caterpillar key could have been used to steal it. The owner of the company rented a helicopter, but was not able to locate the machine by air. The owner said the machine weighs approximately 40,000 lbs. and is valued at $100,000. Two days later, Spokane Valley Sheriff's Deputy Tim Jones responded to the 2300 block of S. Carnine Ct. in reference to a Page 7 suspicious vehicle. One of the neighbors said a Caterpillar had been parked in the neighborhood since at least 5:00 a.m. Saturday morning. She did not think anything of it because another neighbor was getting ready to do some excavating and thought that was what the machine was going to be used for. Another neighbor was on his way home from work the previous day and heard the story about the same type of Caterpillar stolen from a construction site over the Memorial weekend. Deputy Jones checked the VIN on the Caterpillar and confirmed it was the stolen machine. At this time there are no suspects in this theft. However, Crime Stoppers is still offering a cash reward for anyone providing information leading to an arrest in this incident. Persons with information should call the Crime Stoppers Tip Line at 1-800-222-TIPS, or should forward the tip via the Internet website www.crimestoppersinlandnorthwest.org. Tipsters do not have to give their name to collect the cash reward. Crime Stoppers of the Inland Northwest is a civilian organization that promotes public safety by paying cash rewards for information that solves crimes. It is not affiliated with law enforcement. Graduation Time Presents Opportunities For Criminal Element - The Spokane Valley Police Department would first of all like to congratulate this year's graduating high school and college seniors. However, with the numerous festivities coming up in the next few weeks, graduates and their loved ones need to be cognizant to protect themselves from theft. Similar to the holiday seasons, we have seen citizens having presents sent to their home via U.S. Mail, Fed Ex, UPS, or other similar companies being stolen from their mailbox or front porch. As always, please make every attempt to have someone at the residence to accept the packages or if need be, see if they can be sent to your place of employment. Once again, congratulations to the class of 2014! Stolen Vehicle, Meth,Warrants—At the end of May at about 7:30 p.m., Spokane Valley Sheriff's Deputy Jason Karnitz was patrolling the area of 5th and Thierman when he observed a white Crown Victoria pass by him southbound on Thierman. Deputy Karnitz ran the registration and confirmed through dispatch the vehicle was stolen out of Walla Walla. Deputy Karnitz followed the vehicle to the area of 6800 E. 6th where the 42-year-old male driver exited the vehicle and approached an elderly woman at her residence. Deputy Jeff Getchell spoke with the elderly female who said she had no idea who the male was and had never seen him before. Deputy Karnitz placed the male suspect under arrest for Possession of a Stolen Motor Vehicle. A check of the male's driving status showed he was suspended and that he also had four local warrants for his arrest. During a search of the male incident to arrest, Deputy Karnitz found a clear blue plastic baggy in the suspect's pocket that contained a clear, white crystalline substance that he admitted was methamphetamine. The male suspect told Deputy Karnitz he borrowed the vehicle from a woman named Joanna in Walla Walla and the vehicle actually belonged to her son. Oddly enough, the male suspect could not remember Joanna's son's name. The male suspect also said he placed a plastic cover over the ignition because he did not want to get a ticket for "faulty equipment." Deputy Karnitz did not believe the fictitious story and read the stolen vehicle report from Walla Walla. The elderly female victim in Walla Walla believed the suspect had entered her home unlawfully and stole her cell phone and the Crown Victoria. The male suspect was booked into the Spokane County Jail for Possession of a Controlled Substance, Possession of a Stolen Motor Vehicle, Driving While Suspended and four local warrants. Air One Accreditation — Sgt. Dave Ellis of the Spokane Regional Air Support Unit (SRASU) announced in May that they had just become one of five air support units in the entire country to become fully accredited through the Public Safety Aviation Accreditation Committee/Airborne Law Enforcement Association. A plaque will be presented at the ALEA National Conference in Phoenix in July. This was a long process and required a lot of work from all members of the SRASU. Sgt. Page 8 Ellis commented, "I am proud of our accomplishment and the emphasis on safety that the SRASU puts on every mission it does." Chief VanLeuven congratulated SRASU on their outstanding work and said, as a member of the WASPC Accreditation Commission, he truly recognizes the achievement of hard work and dedication. Citizen Thank you -A citizen sent the following thank you to Deputy Karnitz: "...I want to thank you for your time, willingness to allow me to ride with you last evening. I have no doubt that many times a passenger can be a complete drag, distraction and uncomfortable situation for the police and you can't wait to get rid of your rider. It was truly a pleasure meeting you; I enjoyed our conversation and your openness to our discussions. You sir are a good COP and exemplify what a department needs as an officer and what a community wants and expects from law enforcement. Bless you and all your partners with the Sheriff's Dept. and Spokane Valley Police Dept.for all you do. It was a privilege to ride with you and experience some of what you guys do and are faced with on a daily basis... " Facebook Thank you — Micah Price posted on Spokane Valley Police Department's timeline "I know people only want to say something to the police usually when something goes wrong or they want to log a complaint. I want to take this moment and say thank you to the Spokane Valley Police Department for their efforts and dedication which resulted in my brother, James Nethery getting his stolen motorcycle back. Job well done." ******************* Page 9 2014 MAY CRIME REPORT To date: Yearly totals: May-14 May-13 2014 2013 2,013 2,012 2011 2010 2009 2008 BURGLARY 96 102 464 461 1101 1062 1027 936 725 753 FORGERY 73 58 279 375 850 826 593 341 297 354 MALICIOUS MISCHIEF 126 114 649 662 1628 1770 1566 1183 1245 893 NON-CRIMINAL 12 10 58 51 106 108 160 917 892 944 PROPERTY OTHER 113 154 591 596 1469 1236 1126 837 933 828 RECOVERED VEHICLES 30 56 229 228 541 446 416 365 187 319 STOLEN VEHICLES 40 44 271 246 602 586 566 496 298 496 THEFT 283 263 1156 1197 3040 2636 2512 2365 2162 1,846 VEHICLE OTHER 16 17 113 120 268 287 195 3 5 7 VEHICLE PROWLING 99 75 531 490 1206 1165 1491 1395 920 1069 TOTAL PROPERTY CRIMES 888 893 4,341 4,426 10,811 10,328 9,615 8,852 7,668 7,513 ASSAULT 74 91 403 372 950 936 963 895 927 869 DOA/SUICIDE 19 20 102 100 225 256 213 188 210 269 DOMESTIC VIOLENCE 41 45 159 252 538 600 714 1297 1226 1063 HOMICIDE 1 0 2 0 2 2 3 1 3 3 KIDNAP 2 3 18 7 24 17 15 16 21 16 MENTAL 35 26 129 112 268 270 253 289 310 360 MP 15 15 54 65 156 154 125 128 115 95 PERSONS OTHER 263 295 1413 1384 3124 3112 2484 1692 1621 1,354 ROBBERY 8 10 31 46 96 79 98 68 75 71 TELEPHONE HARASSMENT 12 17 61 73 148 212 162 153 159 95 TOTAL MAJOR CRIMES 470 522 2209 2411 5531 5638 4997 4727 4,667 4,195 ADULT RAPE 9 10 34 30 38 89 67 44 35 44 CHILD ABUSE 5 7 21 12 26 27 89 115 159 148 CUSTODIAL INTERFERENCE 25 20 111 70 236 190 184 206 157 86 SEX REGISTRATION F 0 0 0 0 4 8 2 1 2 3 INDECENT LIBERTIES 3 1 15 9 20 27 17 8 10 11 RAPE/CHILD 0 3 4 6 13 13 23 28 35 39 RUNAWAY 19 43 154 195 397 530 510 490 440 369 SEX OTHER 8 7 30 24 46 38 56 215 211 179 STALKING 0 3 5 12 21 24 19 18 15 21 SUSPICIOUS PERSON 47 33 230 176 440 424 341 215 175 142 TOTAL SEX CRIMES 116 127 604 534 1271 1370 1294 1387 1271 1,108 TOTAL ITF 28 27 145 155 316 430 521 542 671 838 TOTAL TRAFFIC REPORTS 268 315 1363 1548 3525 3957 3569 3081 3,183 3,811 TOTAL REPORTS RECEIVED 1770 1884 8,662 9,074 21,454 21,723 19,996 18,589 17,460 17,465 Charge Count from Tickets: Spokane Valley 1800 1600 • 1400A • 1200 .- i de............... • • • • 41 1000 • ®' • X2011 ► ® X --2012 --2013 800 r X —*-2014 600 400 200 0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Spokane Valley Dispatched Calls 4000 3500 f 7/0" 3000 A . • 2500 . • 0 • • • 2011 2000 • --2012 2013 X2014 1500 1000 500 0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC SPOKANE VALLEY TRAFFIC COLLISIONS 140 X 120 ► • 100 - :.0001111r0 • • 80 y2011 • • - ,2012 X2013 60 X2014 40 20 0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Spokane Valley Person Crimes 350 300 A A • 250 •\ • a . • • X 200 • • X2011 X -2012 X2013 150 x2014 100 50 0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Spokane Valley Property Crimes 1000 900 • 800 700 Al& _ r • • • 600 • 2011 500 • � --2012 • X2013 X2014 400 300 200 100 0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Spokane Valley Self Initiated Incidents 3000 2500 A. • 0 2000 _, • �• • r >C e 2011 1500 X --2012 -2013 X2014 1000 500 0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Spokane Valley Sex Crimes 50 45 • . ► 40 x VROF 35 30 • • , • • • • 2011 25 • • --2012 • 2013 20 , x A-2014 15 • 10 5 0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC BM N Clement, �, 8 oobl Traiu :Nwll•. San et o =u iiiltovsa Cresta.�W?ZtWw a.y ? rocIMM7 Manm , - R`� ,cF Fruit Hill Sanson .,, � Granite... Qi • �-er�� c°SW i�y,.. • f, Wabash�1' .p��sl, a OI d ent ' '}�MEI All I .<\ Rub aserW • ICI ' X11110. �� , c� �r�PI)I ' u 4111 filliaillMirAMEIN.*TORMIII 0 po ane �amf �e Lacrosse y ill arlandIndu tri lira kA A �� '®mum E ar - r, X11 /141101151111 11 FWD iu6 c3: __ �• �1111fmm rw. . PIS u e8 moi`ov. -rick -"`"--, �T' y, 111111111 =:: • .'t.�•� =� � ��• Eu lid ; .�`�=== iii. V _� IIGi 1��■� , ®gip 4 :d t _ Gra !7-W - w' d� .;a_ww' I■ ilipp/� iiiii � ,�� 0 M - sem\ Ln °tom ° irmiNg0;„4,74.-• Dwllf ► ansfiel. S po kan : alley = Y �-.*„ria!+' ,GwwI' •uzw _.. .:-I■e:7I I�r ��•1��,1111, ��_T— —r Indiana V■ Ii1� ��1�� Lake 4. �'� wo Bal•ripr MAINZ �� ' ----Nlarowl �_\� ��FiOra Pit Old RF.—ir OI Ylii� I �� WIMP' 's- / n�ntl�lGlM�i . im- ' �� IN■rIMEMEMINI �� es1111L one •w I.®� d :�rMyMEV IIL�i�,{ �; 1■ r+[i � ‘ viI \ ` k L��I ca 11 FP FHMr! 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CIcw � • :,i.,-hay Prowling Al ! il LII • li ♦ Ball ai a i■■rg Echo I■ 44th c ITr _ rd B. 44th en - ie m ■ ��--�� 45th L o C 2 45 r11101.rsarraiir"gr. c �� !(7r 1'� A.nnic ='2 a< ��ICV( w E 5'� f. yes Corkery • ,� " rob ire :t .e c H LOW •��le�,' V°�-Oreyt A'eb .i e cess u - Medium Mk 57th4;.��' c orkery f7 � y4 M°hah,°ok�� r� v _ Oo j- •e6 <3 St- Sana �r • �.P a • 1� .R c2 ■ High s o f 0.5 , Miles I 2014 May Vehicle Prowling Hotspots Map Produced: I I 11 Jun 2014 • 2014 MAY CRIMES BY CITIES (Only crimes handled by Spokane County Sheriff's Office) AH CH DP FC FF LAH LL ML MW RF SCO SPA SPK SV WAV Total BURGLARY 5 1 4 0 0 0 2 0 8 0 85 0 1 96 1 203 FORGERY 4 0 2 0 0 0 4 2 0 0 46 0 2 73 0 133 MAL MISCHIEF 4 0 6 0 0 0 1 1 4 0 107 0 3 126 0 252 NON-CRIMINAL 0 0 1 0 0 0 0 0 1 0 9 0 1 12 0 24 PROP OTHER 21 0 7 2 0 0 13 7 5 1 58 0 21 113 0 248 RCRVD VEH 3 0 0 0 0 0 0 0 0 0 29 0 4 30 0 66 STL VEH 3 0 0 0 0 0 0 1 0 0 39 0 6 40 0 89 THEFT 22 0 11 0 0 0 13 4 5 0 121 0 4 283 0 463 VEH OTHER 0 0 0 0 0 0 0 0 0 0 14 0 0 16 0 30 VEH PROWL 6 0 0 0 0 0 1 1 7 0 74 0 1 99 0 189 Eli WI 1I N I] 11,71;WON N Q/168 1 31 2 0 0 34 16 30 1 582 0 43 888 1 1,697 ASSAULT 7 0 5 1 0 0 2 9 0 0 44 0 5 74 0 147 DOA/SUICIDE 5 0 1 0 0 0 1 1 0 0 18 0 0 19 0 45 DV 10 0 2 0 0 0 3 2 0 1 39 0 2 41 0 100 HOMICIDE 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 KIDNAP 0 0 0 0 0 0 0 0 0 0 0 0 0 2 0 2 MENTAL 1 0 3 0 2 0 2 1 0 0 11 0 0 35 0 55 MP 0 0 0 0 0 0 0 0 0 0 8 0 0 15 0 23 PERS OTHER 6 0 9 0 2 0 15 6 8 1 206 0 16 263 0 532 ROBBERY 0 0 0 0 0 0 0 0 0 0 2 0 0 8 0 10 TEL-HARASS 0 0 0 0 0 0 0 0 1 0 17 0 0 12 0 30 TOTAL MAJOR CRIMES 29 0 20 1 4 0 23 19 9 2 345 0 23 470 0 945 ADULT RAPE 0 0 0 0 0 0 0 0 0 0 5 0 0 9 0 14 CHILD ABUSE 0 0 0 0 0 0 0 0 0 0 2 0 1 5 0 8 CUST INTFER 0 0 0 0 0 0 1 0 1 2 8 0 1 25 0 38 SEXREGISF 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 IND LIBERTY 0 0 2 0 0 0 0 0 0 0 6 0 0 3 0 11 RAPE/CHILD 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 RUNAWAY 0 0 3 0 0 0 3 4 1 0 41 0 0 19 0 71 SEX OTHER 0 0 0 0 0 0 0 0 0 0 7 0 1 8 0 16 STALKING 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 SUSP PERSON 8 0 4 0 0 0 11 2 1 1 29 0 4 47 0 107 TOTAL SEX CRIMES 8 0 9 0 0 0 15 6 3 3 99 0 7 116 0 266 TOTAL ITF 1 0 1 0 0 0 0 2 0 0 16 1 6 28 0 55 TOTAL TRAFFIC 19 0 15 1 0 0 6 2 0 0 185 0 73 268 0 569 TOTAL REPORTS RECEIVED 125 1 76 4 4 0 78 45 42 6 1,227 1 152 1,770 1 3,532 6/9/2014 A. 2014 May INCIDENTS BY CITIES (Only incidents handled by Spokane County Sheriff's Office) j AH CH DP FC FF LAH LL ML MW RF SCO SPA SPK SV WAV TOTALS CAD INCIDENTS 36 214 296 28 8 0 14 166 104 10 3,519 7 597 5,268 1 10,268 SELF INITIATED INCIDENTS 29 18 174 6 3 0 8 100 24 3 1,073 1 500 1,898 0 3,837 DRUG SELF INT (PATROL) 0 0 0 0 0 0 0 0 0 0 3 0 2 4 0 9 TRAFFIC STOPS 5 2 45 0 0 0 3 33 14 0 443 0 273 1,151 0 1,969 TRAFFIC STOPS (ARST/C IT/IN) 3 1 14 0 0 0 1 8 7 0 187 0 119 633 0 973 TS (WARRANTS) 0 0 0 0 0 0 0 1 0 0 8 0 14 17 0 40 CALLS FOR SERVICE 7 196 122 22 5 0 6 66 80 7 2,446 6 97 3,370 1 6,431 ALARMS 1 2 4 0 0 0 0 3 2 0 116 0 2 99 0 229 ACCIDENTS 0 6 7 0 0 0 0 0 5 1 185 0 5 197 0 406 ACCIDENTS (ARREST/CIT) 0 0 0 0 0 0 0 0 0 0 6 0 0 11 0 17 DRUG CALLS 0 0 4 0 0 0 0 2 2 0 24 0 2 35 0 69 DV 12 0 9 0 0 0 3 2 3 2 123 0 8 183 0 345 DUI 0 3 2 0 0 0 1 0 2 0 81 0 8 81 0 178 DUI (ARREST) 0 0 0 0 0 0 1 0 0 0 5 0 0 33 0 39 PURSUITS 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 SUSPICIOUS ACTIVITY 2 10 16 1 1 0 1 18 11 1 375 1 44 551 0 1,032 VEHICLE RECOVERED 0 0 1 0 0 0 0 0 0 0 11 0 3 18 0 33 911 ABANDON LINE 1 64 10 16 0 0 0 4 5 0 227 1 13 320 0 661 SHOPLIFTING 0 1 0 0 0 0 0 0 1 0 2 0 0 52 0 56 ALL ARRESTS (ARREST/CIT/IN) 4 1 20 3 0 0 1 12 10 0 292 1 149 897 0 1,390 CRIME CHECK REPORTS 1 0 22 1 2 0 3 19 19 2 431 0 5 571 0 1,076 6/11/2014 Spokane 1Valley. PUBLIC WORKS DEPARTMENT MONTHLY REPORT May 2014 AGREEMENTS FOR SERVICES ADOPTED AND IN OPERATION Contract Total %of Contract Name Contractor Expended as Contract Amount of 5/31/14 Expended Street Maintenance Poe Asphalt $1,366,663.00 $512,287.73 37.48% Street Sweeping AAA Sweeping $490,199.94 $265,750.71 54.21% Storm Drain Cleaning AAA Sweeping $189,990.00 $54,953.71 28.92% Snow Removal Poe Asphalt $140,000.00 $43,417.00 31.01% Landscaping Ace Landscaping $82,902.72 $18,422.82 22.22% Emergency Traffic Control Senske $10,000.00 $3,288.20 32.88% Litter and Weed Control Geiger Work Crew $60,000.00 $24,612.56 41.02% State Highway Maintenance WSDOT $215,000.00 $122,536.96** 56.99% Traffic Signals, Signs, Striping Spokane County $632,000.00 $99,518.29** 15.75% Dead Animal Control Brad Southard $20,000.00* $5,461.00 27.31% * Budget estimates ** Does not include May 2014 Citizen Requests for Public Works 45 40 Iliu 35 w 4... w 30 w 25 t c 20 — - w 15 - u 10 - - Total Citizen Dead Roadway Pothole Sign & Storm Traffic Requests: Animal Hazard Requests Signal Drainage/E Requests Public Removal Requests rosion Works ■Submitted 41 8 12 6 6 4 5 ■In Progress 0 0 0 0 0 0 0 ■Resolved 41 8 12 6 6 4 5 r *Information in bold indicates updates 1 WASTEWATER Status of the process can be monitored at: http://www.spokaneriver.net/, http://www.ecy.wa.gov/geographic/spokane/spokane river basin.htm, http://www.spokanecounty.orq/utilities/WaterReclamation/content.aspx?c=2224 and http://www.spokaneriverpartners.com/ STREET MAINTENANCE ACTIVITY The following is a summary of Public Works/Contractor maintenance activities in the City of Spokane Valley for May 2014: • Pothole patching/shouldering • AAA Sweeping vectoring sidewalk under drains • Cracksealing arterials and residential roadways • AAA Sweeping swept arterials and continued with residential sweeping • Poe completed asphalt repairs and completed stormwater projects throughout the City • The Geiger crew continues dryland grass cutting and continues with garbage pickup on arterials STORMWATER UTILITY The following is a summary of Stormwater Utility activities in the City of Spokane Valley for May 2014: • Stormwater CIP Update 2015-2020 approved by City Council. • Staff continued design and preparation work for 1st Small Works Bid Package. • Staff designed and supported installation of a number of repair, replace, or small stormwater capital improvements through Poe maintenance contract. • Started work on documents and specifications for new bid for street sweeping services. • Continued work on various capital improvement projects (see below). • Purchased variable messaging board for project and City use. *Information in bold indicates updates 2 CAPITAL PROJECTS Stio »k e\`` Public Works Projects Monthly Summary-Design &Construction May-2014 Estimated Total Project Proposed %Complete Construction Project # Design&Construction Projects Funding Ad Date PE I CN Completion Cost Street Projects 0155 Sullivan Rd W Bridge Replacement#4508 FHWA-BR 05/16/14 99 0 09/30/16 $15,833,333 0156 Mansfield Ave Connection FHWA-CMAQ 08/01/14 80 0 12/31/14 $ 2,002,350 0166 Pines Rd.(SR27)&Grace Ave.Int Safety HSIP 07/01/14 35 0 10/31/14 $ 671,050 0186 Adams Road Resurfacing Project CDBG 03/21/14 100 0 06/30/14 $ 280,800 0191 Vista Rd BNSF Xing Safety Improvements WUTC 03/21/14 100 0 08/31/14 $ 50,750 Street Preservation Projects 0179 2013 Street Preservation Ph2 FHWA-STP(U) 09/20/13 100 25 08/15/14 $ 1,760,000 0187 Sprague Ave Preservation Project FHWA-STP(U) 05/30/14 100 0 08/31/14 $ 1,379,900 0196 8th Ave-McKinnon to Fancher COSV 06/20/14 100 0 09/30/14 $ 300,000 0202 Appleway Street Preservation Project COSV 05/23/14 100 0 12/31/14 $ 400,000 Traffic Projects 0060 Argonne Road Corridor Upgrade(SRTC 06-3) FHWA-CMAQ 08/01/14 95 0 11/15/14 $ 1,290,636 0167 Citywide Safety Improvements HSIP 09/01/14 10 0 06/30/15 $ 474,580 0181 Citywide Traffic Sign Upgrade HSIP 08/01/13 100 90 09/30/14 $ 200,000 0204 Mission Park Crosswalk Sig Modification COSV 100 100 05/31/14 $ 25,000 Stormwater Projects 0173 Spokane Valley Regional Decant Facility Dept of Ecology 12/27/13 99 50 12/31/13 $ 1,209,478 0192 SE Yardley Retrofits Dept of Ecology 06/20/14 75 0 12/31/14 $ 1,000,000 Other Projects 0149 Sidewalk Infill FHWA-CMAQ 7/11/14 90 50 12/31/14 $ 1,139,955 $28,017,832 Design Total Project Complete %Complete Project # Design Only Projects Funding Date PE Cost Street Projects 0123 Mission Ave-Flora to Barker FHWA-STP(U) 12/31/14 5 $ 517,919 0141 Sullivan&Euclid PCC FHWA-STP(U) 07/31/14 80 $ 175,260 0142 Broadway @Argonne/Mullan FHWA-STP(U) 09/30/14 90 $ 276,301 0201 ITS Infill Project-Phase 1 FHWA-CMAQ 01/01/15 5 $ 327,562 0205 Sprague/Barker Intersection Improvement Developer 06/01/15 2 $ 51,619 Street Preservation Projects 0188 Sullivan Rd Preservation Project FHWA-STP(U) 04/01/15 5 $ 1,156,500 Traffic Projects 0159 University Road Overpass Study FHWA-CMAQ 09/30/14 95 $ 249,711 0177 Sullivan Road Corridor Traffic Study FHWA-STP(U) 12/31/14 60 $ 200,000 Stormwater Projects 0185 Appleway Landscaping-Phase 1 COSV 06/30/14 50 $ 268,000 0193 Effectiveness Study Dept of Ecology 02/28/15 8 $ 300,000 0197 Broadway,Havana to Fancher SD Retrofit Dept of Ecology 12/31/14 5 $ 60,000 0198 Sprague,Park to University LID Dept of Ecology 08/01/14 4 $ 20,000 0199 Havana-Yale Diversion Dept of Ecology 08/01/14 7 $ 20,000 0200 Ponderosa Surface Water Diversion Dept of Ecology 08/01/14 7 $ 200,000 Other Projects 0145 Spokane Valley-Millwood Trail FHWA-STP(E) 02/15/15 5 $ 745,000 0176 Appleway Trail COSV 10/31/13 90 $ 150,000 $ 4,717,872 Information in bold indicates updates 3 GRANT APPLICATIONS • 2015-2017 Floodplain Management Project Staff submitted an application for the Chester Creek Drainage on May 23, 2014. If the preliminary project application makes the cut, a detailed project submittal will be due August 1, 2014. Ecology is submitting a request for no less than $50 M for the 2015-2017 program. • 2015-2020 Transportation Improvement Program (TIP) Staff has been working on updating the TIP to reflect anticipated project funding. Council informational meetings were held this month with a public hearing to take place on June 10, 2014 and City Council adoption by June 24th, 2014. • 2014 SRTC Call for STP Projects SRTC published a draft list of scores for the 2017-2019 STP project applications submitted on April 30, 2014. Following, are the preliminary score by rank and jurisdiction. Improvement Projects Preliminary Results Project Name Project Type STP Running Res oast Total Spokane Division Street Improvement $2,924,022 $2,924,022 87.25 Gateway Spokane Sprague Ave - Improvement $2,266,207 $5,190,229 77.63 Division to Hamilton Spokane Sprague Ave- Improvement $3,290,007 $8,480,236 76.31 Hamilton to Cook Spokane County Harvard Rd Improvement $4,357,225 $12,837,461 70.97 Spokane County Bigelow Gulch Improvement $3,700,000 $16,537,461 63.66 Phase 5-Forker Connector Deer Park W. Fourth Street Improvement $544,485 $17,081,946 55.72 Improvements Spokane Valley Barker Rd - Improvement $3,460,000 $20,541,946 51.88 Appleway to 1-90 Airway Heights US 2 Bypass Improvement $1,675,000 $22,216,946 51.47 (21st Avenue) Spokane Valley Mission Ave - Improvement $3,200,000 $25,416,946 50.34 Flora to Barker Funding Target $3,600,000 *Information in bold indicates updates 4 Non-Roadway/Other Projects Preliminary Results oject Name Project STP Runni ' OTA T •e Re•uest Total ',CORE STA Division HPT Alignment and Station Location Other $400,000 $400,000 78.03 Study Spokane Centennial Trail Gap-Mission Ave Phase 1 Other $376,762 $776,762 76.91 Spokane Valley Appleway Trail Phase 2-Pines to Evergreen Other $1,203,107 $1,979,869 74.00 STA Four Lakes Station Other $280,000 $2,259,869 73.00 Spokane Centennial Trail Gap Study-Boone to TJ Other $216,250 $2,476,119 64.43 Meenach Spokane Howard Street South Bridge: TSL Study Other $149,625 $2,625,744 63.34 Spokane Fish Lake Trail Connection to Centennial Trail Other $216,250 $2,841,994 61.63 Design Spokane Peaceful Valley Trail Design Other $216,250 $3,058,244 53.91 Funding Target $1,800,000 Preservation & Reconstruction Projects Preliminary Results Agency Project Name Project Type m STP Request Running TOTAL >e•ue t _ . Spokane Sunset Blvd -Royal to Lindeke Preservation $2,329,414 $2,329,414 84.78 Spokane Mission Ave-Division to Hamilton Preservation $1,363,240 $3,692,654 79.47 Spokane Valley Evergreen - Mission Connector to Preservation $570,900 $4,263,554 77.56 Indiana Spokane Monroe St-Francis to Greta Preservation $992,434 $5,255,988 76.04 County Spokane Valley Argonne-Broadway to Indiana Preservation $553,600 $5,809,588 76.00 Spokane Argonne Rd -MP 2.55 to MP 4.13 Preservation $1,457,525 $7,267,113 73.03 County Deer Park W. Crawford Reconstruction * Preservation $508,799 $7,775,912 71.22 Spokane Brooks Rd -City limits to MP 1.87 Reconstruction $1,727,665 $9,503,577 71.00 County Spokane Valley Sprague-Sullivan to Corbin * Preservation $1,531,050 $11,034,627 70.81 Spokane Valley Appleway- Park to Dishman Mica* Preservation $1,029,350 $12,063,977 70.00 Spokane Mill Rd-Hastings to Wilson* Reconstruction $752,913 $12,816,890 69.50 County Spokane Valley Sullivan-Trent to Wellesley* Preservation $285,450 $13,102,340 69.47 Spokane Valley Sullivan/Euclid PCC Intersection ** Reconstruction $1,859,750 $14,962,090 69.25 Spokane Valley Broadway-Argonne/Mullan PCC Reconstruction $1,470,500 $16,432,590 68.31 Intersections Spokane Rowan -A St to Ash Reconstruction $2,064,755 $18,497,345 68.16 Spokane Indiana- Hamilton to Perry Reconstruction $1,108,065 $19,605,410 67.81 Spokane Palouse Hwy-Windmill to Jamieson Preservation $347,117 $19,952,527 67.50 County Spokane Valley Argonne Reconstruction (FCC)- Reconstruction $3,243,750 $23,196,277 67.25 Indiana to Montgomery** Spokane Argonne Rd -Spokane River to Preservation $1,271,925 $24,468,202 67.10 County Wellesley Funding Target $12,600,000 *Information in bold indicates updates 5 Preliminary Grant Totals for the City of Spokane Valley for each STP Category: Improvement Projects $0 Non-Roadway/Other Projects $1,203,107 Preservation & Reconstruction Projects $3,684,900 Preliminary Total (Subject to Change) $4,888,007 • Safe Routes to Schools and Pedestrian and Bicycle Program Calls for Projects Staff submitted project grant applications to WSDOT on May 5 for the Safe Routes to School and the Pedestrian and Bicycle program on May 11, 2014. In December applications will be presented to the Governor's office for review, and results will be available by June, 2015. Safe Routes to School Program 1. Seth Woodard Elementary Sidewalk Improvement Project— Est. Cost$471,500 2. Opportunity Elementary Sidewalk Improvement Project— Est. Cost$438,300 Pedestrian and Bicycle Program 1. Appleway Shared-use Path, Phase 3, Evergreen to Corbin (PE ONLY) - Est. Cost$180,000 2. E Indiana Sidewalks and Transit Stops— Est. Cost$75,000 • 2014 Citywide Safety Grant Staff is working on identifying projects to present to Council. Applications are due to WSDOT by July 16. *Information in bold indicates updates 6 •R41 \4*., Spokane Valley 11707 E Sprague Ave Suite 106 ♦ Spokane Valley WA 99206 509.921.1000 ♦ Fax: 509.921.1008 ♦ cityhall@spokanevalley.org Memorandum To: Members of the City Council From: Gabe Gallinger, Senior Development Engineer CC: John Hohman, Community Development Director; Erik Lamb, Deputy City Attorney Date: June 18, 2014 Re: McMillan Road Right-of-Way - Temporary Closure Repeal On February 16, 1999, the Board of County Commissioners of Spokane County approved Resolution No. 99-0124 in which McMillan Road right-of-way between Buckeye Avenue on the south and Euclid on the north was temporarily closed to vehicular traffic. On November 8, 2007, a preliminary plat application of D4 (File number SUB-09-07) was submitted to the City of Spokane Valley to subdivide a 19.09 acre parcel into 88 single-family residential lots. The preliminary plat is located approximately 600-feet east of Barker Road and is bounded by Buckeye Avenue to the south and Euclid Avenue to the north. The preliminary plat map illustrated the extension of the closed portion of McMillan Road along the east boundary and indicated McMillan Road as the primary access to the proposed internal street system. On May 12, 2008, the City of Spokane Valley Hearing Examiner approved the preliminary plat application of D4 (SUB-09- 07), although the opening of McMillan Road was not provided for as part of that process. Spokane County Resolution No. 99-0124 provides that McMillan Road may be opened at such time as is necessary and then only by action from the Board of County Commissioners. Under state law, McMillan Road, like all other public roads in the City, transferred to the City upon incorporation. Accordingly, the action to open the road must now be taken by the City Council. Staff will come forward with an administrative report on July 8 and proposed resolution to open McMillan road for Council's consideration on July 15 to allow the developer to continue processing D4 (SUB-09-07) and to begin construction within the subdivision. I PRELIMINARY PLAT OF LEGAL DESGRIP11011, BORDER EASEMENTS ARE PROPOSED AS NOTED BELOW, TRACTS 21 AND 41 OF PLAT NUMBER 2 OF WEST FARMS IRRIGATED TRACTS,AS FINAL WIDTHS TO BE DETERMINED. BEING A SUBDIVISION 1 OF TRACTS 21 84.41 PER PLAT THEREOF RECORDED IS BOOK"0"OF PLATS.PAGE 38: NOTE 1 13.0 BORDER EASEMENT PLAT NO.2, OF WEST FARMS IRRIGATED TRACTS IN THE NW 1/4 OF SECTION 8, TOWNSHIP 25 NORTH, EXCEPT THE SOUTH 15 FEET OF TRACT 41 FOR BUCKEYE AVENUE: NOTE 2 5.0'BORDER EASEMENT RANGE 45 EAST, WILLAMETTE MERIDIAN TOGETHER VRTH THAT PORTION OF VACATED MCMILLAN ROAD LYING EAST OF AND NOTE 3 12.0'BORDER EASEMENT CITY OF SPOKANE VALLEY ADJACENT TO TRACTS 21 AND 41 TSAR MOLE ATTACH BO OPERATOR OF LAW: NOTE 4 NO BORDER EASEMENT,BALK OF WALK IS R.O.W.LINE SPOKANE CO., WASHINGTON SITUATE IN THE COUNTY OF SPOKANE STATE OF WASHINGTON. LEGAL DESCRIPTION SOURCE PER STAR/TORY WARRANTY DEED,AM 5181308. NOTE 5 PROPOSED EASEMENT FOR LIFT STATION 21' TRACT 40 -1,1 2012° TRACT 22 SNORT PLAT NO.84-327 M / / BOK 3 OF SHORT PLATS PAGE 52 - - - R'- n" rrro _> ROPOSED VACATION .� Y- T / _ -- n 1 _µ-1 -'N R MCMILLAN ROAD 1 56.4 ,5_0__=2.1879.E.,,,__. �� - - - �.N - Szsai �� g Y' —� 16 15� t'.�.RO :7,----..±,_. S_ �_- -�w w AN I-~ >. -F. -+Fm --- k _ ' - 1,-- -,,:‘,646 -' --- - 4,SP-1 'we 3D LEGEND • m 0s_ - j "a �E yi--- i `ro� - �. M1 PM.POLE G 9 2II .p 8( 1- -- - _ _ oo - - �I !/ N _ -I M'h q - UNDERGROUND warm LINE '� -°a3 - _ � $t' --- _ �� 40 '1 -I N 8 oo �" `° `�� - , - PROPOSED SEWER =' 11 Tr / 1 �y a / 0 1 1 m 1 °' iT m 1 �, III ® DAMN Ir I / H f` ON 1,°.°0 - �,Ee, no 1 d E I o I 1 do o O s e PRE HYDRANT m / m / )11 I 110 CO. 0� � 0 /> $ ENISnNG WATER VALVE „0.0 1 a nolo 8 A ,o I 6 EXISTING 6 5 VALVE o rn may¢ II T N �f „I I g e m N _ E],I9nN6 ELECTRICAL VAULT OR RISER 110 c0 1 • '2 , 2s I n ,000 ox. ,Q ENS NC TELEPHONE RISER OR PEDESTAL X31 1 410 o 1 m 11a.00 I 111 DO 110.00 ^ FOUND CONTROL I CAP AS NOTED I rn o O SEE CONTROL DIAGRAM PC.1 �llil1 o , i / m� 1 �I -I 111 I'I u1 .a Oo m I 1 I 5 o m= of 'I°°_� 110.00 ,020 111 II m a°°. °°° / ,g N al -„,„ o a ;7,1 q h m �: . + e6 I. e m TRACT 41 0° „o.00. /00 0°0 T� 0 1 °°. 11 8 r 1 ,0„,.,,a'',','-'-::',,,/, °� 1 • �I �'lti 1 ,,, I" TRACT 21 I I B m 0.m N e m II I ---", o 11 M� O 1,000' \ I b o gm _FxPIRFs snTrz°°e • mO I , m l °0aT1 M J s 0N' 1'i� I, a 11 li EN b,. -'11-0(-, o Ru V , 1, ,P4 ---F-r l s i 81 1 00 N 1�- �B I m link �I 11 � g l0 -§1 CA m IIM 1 (I 1110 I 1 1 OWNER: LOTS N LAND LLC M 1 N.. m \ r 1m M Il\ '1 m m m 110.°0 ,l°°° I .00 IN tia00 f°2a5 /Y) Ii lti 122 N.RAYMOND COURT f2 a// )110.80' - \ o 7 1 e /e c, 8 N 1 1 III I SUED SPOKANE VALLEYWAG20B (509) 924 1211 11 I 49/ ., m '$ . I MUFF,KENNETH J,TU \ m ,} ; 1 1 11 m / I 1 o N.RAYMOND COURTG 111 \ / ,n w 1-- e N / I I I¢1 m -J L 1 -- --__i____ ::,,,3 J,.y .36 / 1 \l'I, I SPOKANE VALLEY, A 1211 WA 8206 I m I ` \o - 1 - - 014. es.a° I ` _. A4:..._ �o- - s'0t b T11 1 l � y 4 7 ,,___.'4: sos e° 6 zr -----��& $'b. _ - _ �: -_A -- -I,,____7_-_,_ .. _ W mO '4 1 .,,,,:o,,,,,,11,11 11 I HARMONY "' 1112 11 —' -,..,*4._i_-• "` 1 - - = l A t — ., ,� --.1I-11 I� smeEr �Tsl I�ea °sao SECTION INDEX 0° E r �= 1 1 - - 6 N0a - 4 _ 0OME ,, 00" I �-2 _ X s� 1 t _ �� I a.,b l� i20� �66° -.8 � 1 11 _ - --I / 1 I SII co o ,r _ In - C° ` �.. 5 l' 1s ffi',I, 01 of-I � ��e. M _ _ /v O = 'ro � '41 �` --1--e.- 1--)--- COACH-LITE ESTATES ° r-�:1 -o P T Prc NnIL C _- IN.ZL4 iP2.p JO2'98'41"W ' 30� NW 1/4 OF SECTION e I 1 I -7-^m� T °( BOOK 16 OF PLATS,PAGE 1 W RN T25 N R45 E W.M. 1/�" MEADOWLARK ADDIRON g .m BOOK zD.PLATS,Pc.48 - ��/�� 2'i 30' q I RACY 42 I USKH e TRACT 20 3,3°STREETArchUM itectural I -- / 1 -- -- JOEL ROAD ID 83501 p. I I W __ —„r1206 1 25 --- r --.--- --- - -- - --- ❑FoxPhone.(208) 6826 W- rvALLON F s�b ®621 W s°,TE,09 soone.e WA PG2°, P$.- _ -- - — - � iOW sosi 3za o4�3 �> GRAPHIC SCALE BASIS OF BEARING OWN BY: OWE DATE.1PrRdwg/12/ FoxLI . oIWs98248uae 14 A'oRlX pATE:12/12/05 �� 1u I AN ASSIGNED BEARING OF N89tl9'09"W ON THE EV: 2/24/06 Phone: hon Ferndale,380)312-1315 t. IMIIIMM C NTERLINE OF EUCLID AVE.AND THE WEST HALF (360)312-0124 THE NORTH BOUNDARY LINE OF SECTION 8 AS Pno (a FE5o)EL PER THE PLAT OF MEADOWLARK ADDITION SHEET 2 OF 2 USKH W.O. 909500 Aerial Map -8 i Lahd- ,.- a e^ ' -i i' ' ^ Parcel 55082.0103 ,( :� ,,,, ii _• 1 ii. _.... „. . ... Parcel 55082.0124 ,, ,..,,, ,,, , i', L„,/,„ . ..... ,., .• . . NI .. , • • a �'Fa%rviit n Parcel 55082.0133 1, Parcel 55082.0108 'r A k I c„,.,a...; 6, . 5 1- 'P / G, �// _ m /I g- /( ,111111 . ,,ip _ jF? ! 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