portside logistics boundary rainier pointe access library local improvement district formation...

Portside Logistics Boundary

Portside Logistics Boundary

Rainier Pointe Access

Library

Local Improvement District Formation HearingLID 14-1 for Construction of 66th Avenue East

March 24, 2015

DESCRIPTION OF IMPROVEMENTS

• Construction of a new street to commercial and multifamily access standards in accordance with FMC 12.20.050 from the south boundary of Pierce County Assessor’s Parcel No. 0420071705, to 26th Street East, including demolition, grading, and construction of curb, gutter, sidewalk, landscape strip, street lighting, undergrounding of utilities, and related storm drainage facilities.

DESCRIPTION OF IMPROVEMENTS

Fife Municipal Code 12.20.050 Commercial and multifamily access street.The standards for a neighborhood access street are as set forth in Exhibit “B” which follows.

Exhibit B: Commercial and Multifamily Access Street

IMPROVEMENTS ARE IN ADOPTED PLAN

Schedule and FundingTASK 2015 2016 2017

Right-of-way Acquisition    

Final Design and Bidding    

Construction   

Funding SourceContributio

n

LID BANS$1,900,00

0Developer’s Extra Funds $300,000

Mitigation Funds $200,000Public Safety Fund $700,000

Stormwater Fund $400,000

Total Funding$3,500,00

0