Res 06-489
RESOLUTION No.(J/O,49Q
A RESOLUTIO~ OF THE CITY COUNCIL OF THE CITY OF
FEDERAL WAY, WASHINGTON, REGARDING ADOPTION
OF PUBLIC-PRIVATE PARTNERSHIPS CRITERIA, AS
RECOMMENDED BY THE PUBLIC-PRIVATE
PARTNERSHIPS ADVISORY COMMITTEE.
WHEREAS, in 1995 the Federal 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 part:
"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 efficient multimodal transportation system; livable
and affordable housing; increased retail, service, 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
WHEREAS, on October 4, 2005 the City Council passed Resolution #05-459 that stated
in pertinent part at Section 4 that: "The City Council expresses its intent to consider potential
public-private and/or public-public financial partnerships for appropriate redevelopment
projects,..." in order to encourage greater City Center redevelopment in fulfillment of the
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, Comprehensive Plan: vision; and
WHEREAS, on October 4, 20'05 the City Council passed Resolution #05-460 that
established a City Center Redevelopment 'Fund, with an initial allocation of $5 million, to be
used to help finance potential public-private and/or public-public partnerships, pursuant to the'
City's commitment expressed in Resolution #05-459; and
WHEREAS, Resolution #05-460 also established a Public-Private Partnerships Advisory
Committee to "provide guidance on redevelopment partnership criteria and process...;" and
WHEREAS, On April 18, 2006 the City Council appointed 12 members to the Public-
Private Partnerships Advisory Committee; and .
WHEREAS, the Public-Private Partnerships Advisory Committee met on May 3, May 31,
June 21, September 18 and October 10, 2006 in open public meetings in order to discuss and
formulate its recommendations regarding public-private partnership guidelines;
NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF FEDERAL WAY
HEREBY RESOLVES AS FOLLOWS:
Section 1.
The City Council recognizes and accepts the "Criteria for Public-
Private Partnerships," attached as "Exhibit A," ~ recommended by the Public-Private Partnerships
Advisory Committee.
Section 2.
The City Council adopts the Committee's recommended criteria as
. policy guidelines to assist both City staff and City Councilmembers in the evaluation and
consideration of potential public-private or public-public partnership opportunities.
Section 3. Severability. If any section, sentellce, clause or phrase of this resolution
should be held to be' invalid or unconstitutional by a court of competent jurisdiction, such invalidity
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or unconstitutionality shall not affect the validity or constitutionality of any other section, sentence,
clause or phrase of this resolution.
Section 4. Ratification. Any act consistent with the authority and prior to the
effective date of the resolution is hereby ratified and affirmed.
Section 5. Effective Date.' This resolution shall be effective immediately upon
passage by the Federal Way City Council.
RESOLVED BY THE CITY COUNCIL OF THE CITY OF FEDERAL WAY,
WASHINGTON, this 13~~ day offlef MlJP.::\.Ir , 2006.
CITY OF FEDERAL WAY
~~
ATTEST:
~ ..
l~A(H . .'
CLERK,LA~HATHAWAY
APPROVED AS TO FORM:
ik:~
CITY ATTORNEY, PATRICIA A. RICHARDSON
FILED WITH THE CITY CLERK:
PASSED BY THE CITY COUNCIL:
RESOLUTION NO. awL/o1
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EXHIBIT A
Criteria for Public-Private Partnerships
Preference for public participation will be given to projects that
rate highly with regard to the following guidelines and/or
objectives:
. The proposed development is comprised of (or contains) a mix
of uses in a variety of building sizes and heights, and/or offers a
"village" or "lifestyle center" site and building design, with such
elements as street-oriented storefronts, outdoor eating and
dining, and outdoor public amenities, such as artwork,
fountains, plazas and seating. Projects with the greatest mix of
uses (retail/serVice, residential, lodging and office) will be given
priority. Phasing may be allowed to accomplish the full mix of
uses contemplated in a development concept.
. The proposed development is transit.,.oriented in design and
concept, where feasible, especially when in proximity to the
Transit Center;
. The proposed development is of superior site and building
design, including use of high-quality materials. Parkingfacilities
(both surface lotsand structures)are aesthetically pleasing and
integrated into the design of the overall project. Parking
structures include street-level uses and/or are preferably be
wrapped by other uses, wh~re possible, to reduce their.
apparent bulk and mass.
. .
. The proposed development is located within the City Center
and is of sufficient scale and scope to have a substantial impact
on the image and desirability of the City Center and suggests a
high probability of inducing additional, spin-off development;
. The proponent can provide a solid track record with similar
private development (previous experience in public-private
partnerships desirable);
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· The project is projected to provide additional jobs at a variety of
levels. Projects with family-wage and higher-paying jobs will
rate more highly against this guideline.
· The proponent provides an economic impact analysis. A
detailed analysis and estimate of the project's direct economic
impact in increased property, utility, and sales taxes, as well as
an analysis and estimate of indirect economic impacts by ..
multiplier effects throughout the local economy;
· When selected for partnership consideration, the proponent
provides a financial"gap" analysis, including development
costs, projected revenue, disclosure of developer's desired
capitalization rate, internal fate of retum(based on other
portfolio projects), etc., in order to determine the necessary .
level of public participation. <
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