Res 05-460
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RESOLUTION NO. 05-460
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
FEDERAL WAY, WASHINGTON, REGARDING CREATION
OF A DOWNTOWN REDEVELOPMENT FUND FOR
PUBLIC-PRIVATE AND PUBLIC-PUBLIC PARTNERSHIPS
FOR APPROPRIATE CITY CENTER REDEVELOPMENT.
WI-IEREAS, upon incorporation in 1990, the City of Federal Way engaged the
community through the "CityShape" process to define its vision for the City Center; and
WI IEREAS, in 1995, with amendments in 1998,2000,2002 and 2003, the Pederal Way
City Council adopted the Federal Way Comprehensive Plan, to implement the planning
requirements of the Growth Management Act, RCW 36.70A; and
WHEREAS, the City Council-adopted Federal Way Comprehensive Plan City Center
Chapter includes a "Vision Statement" that reads in pertinent pmis:
"By the end of the comprehensive planning horizon, the Federal Way City Center
will have evolved into the cultural, social and economic center of the
City. .. reinforced by pedestrian-oriented streetscapes; an eHicient multimoda1
transportation system; livable and affordable housing; increased retail, serviec, and
office development in a compact area; a network of public spaces and parks; superior
urban design; and a safe, essential, and vibrant street life"; and
"A central gathering place for the community, the City Center is where the whole
community can congregate and celebrate. Civic and cultural facilities, in addition to
a parks and open-space system, meet the needs of residents, employees and visitors";
and
WHEREAS, the City of Federal Way Comprehensive Plan City Center Chapter was
developed consistent with the community's vision for the City Center, as defined by the
"CityShape" process; and
WHEREAS, a decade has elapsed since adoption of the City Center Comprehensive Plan
vision, during which time development and redevelopment in the City Center has made only
limited progress towards achievement of the vision; and
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WHEREAS, the City Couneil wishes to encourage catalyst redevelopment projects,
comprised mixed-use, multi-story buildings, and/or offcring "vlllage" or "lifcstyle center" format
and building design, with street-oriented storeIronts, outdoor eating ~U1d dining, outdoor public
amenities such as green spaces/parks, artwork, fountains, plazas and seating. Such catalyst
projects arc anticipated to be of suHicient scale and scope to have a substantial impact on the
imagc and vitality ofthe City Center and cm1lead to additional, spin-oil development; and
WlfEREAS, the City Council has engaged the Leland Consulting Group who has
provided a "City Center Rcdcvelopment Strategy" rcport that contains several redevelopment
approaches for achieving such catalyst redevelopment projccts, rccognizing that City
participation may be ncccssary to achieve desired redcvelopment; and
WHEREAS, On October 4, 2005 the City Cow1cil passcd Resolution No. 05A59 that
accomplished four things:
. Accepts the "City Center Redevelopment Strategy" report;
. Reiterates City Council commitment to thc Comprehensive Plan City Ccnter vision that
will rcquire substantial additional development of a variety of types and uses;
. Expresses City Council intent to implement the redevelopment strategies suggested by
Leland and realize substantial redevelopment by 20 I 0; and,
. Expresses City Council intent to consider potential public-private and/or public-public
financial partnerships for appropriate redevelopment projects; and
WHEREAS, City participation in such catalyst projects could take thc form of initial
property positioning or acquisition, contribution to public infrastructure improvements,
contribution to public open spaces, or contribution to public parking facilities; and
WIIEREAS, it is anticipated that up to $6.55 million in capital and/or one-time rcvenues
will be availablc during the 2005-2006 biennium, over and above the current appropriation
levels; ,md
WHEREAS, City Council wishes to allocate up to $5 million of the abovc~citcd $6.55
million as an initial investment to establish a City Center Redevelopment Fund;
NOW THEREFORE, THE CITY COUNCIl, OF THE CITY OF FFmCRAL WAY
HEREBY RESOLVES AS FOLLOWS:
Section I. Establishment of Fund. A City Centcr Redevelopment Fund is hereby
cstablished in the City budget, initially receiving up to approximatcly $5 million during thc 2005-
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2006 budget period from revenues in excess of original budget projections frOln various capital and
one-time sources.
Section 2. Consideration of On-Going Funding. City Council expresses its intent to
consider further allocation of on~going capital sources to the City Center Redevelopment FLmd
during the upcoming Supplemental Budget deliberations and directs staff to idcntify potential
sources for its consideration.
Section 3. Use of Funds. Use of City Center Redevelopment Fund monies shall be fix
one of four gencral purposes, consistent with the City Council Resolution 05-459: positioning or
acquisition of rcal property for redevelopment; contribution to public infrastructurc iJnprovcments,
contribution to public open spaces, or contribution to public parking facilitics.
Section 4. Advisorv Committee. City Council will establish a City Centcr
Redevelopment Advisory Committee to provide guidm1ce on redevelopment partnership criteria and
process. The Committee may include experts from the development community, the real estate
industry, the architecture or urban planning fields, as well as representatives of the Chamber of
Commerce and the community at large, and other Jields as dcsired. City COLlncil directs staff to
develop for City Council consideration the corresponding Ordinance outlining thc Committee's
responsibilities, membership terms, mceting frequency, etc.
Section 5. Severabilitv. If any section, sentence, clause or phrase of this resolution
should be held to be invalid or unconstitutional by a court of compctent jurisdiction, such invalidity
or unconstitutionality shall not affect the validity or constitutionality of any other section, sentence,
clause or phrase of this rcsolution.
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Section 6. Ratification. Any act consistent with the authority and prior to the
efTective date ofthc resolution is hereby ratified and a11irmed.
Section 7. EITective Date. This resolution shall be effective immediately upon
passage by the rederal Way City Council.
RESOL VED BY THE CITY COUNCIL OF THE CITY OF FEDERAL W ^ Y,
WASHINGTON, this 4th day of October, 2005.
CITY OF FEDERAL WAY
O~U~
MA YOR, DEAN MCCOLGAN
ATTEST:
APPROVED AS TO FOIUvf:
-f~~ ~
CITY ATTORNEY, PATRICIA A. RICHARDSON
FILED WITT! THE CITY CLERK: 10/18/05
PASSED BY TIlE CITY COUNCIL: 10/18/05
RESOLUTION NO. 05-460
Res. #05-460, Page 4
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