6b Supp
Item No. _6b_supp . Meeting December 7, 2010 South Park Bridge Interlocal Agreement with Port of Seattle and King County Port of Seattle Commission December 7, 2010 Action Requested Authorization for the Chief Executive Officer to execute an Interlocal Agreement with King County Agreement will commit the Port to contribute a total of $5,000,000 to King County for reconstruction of the South Park Bridge, including deductions for property easements. 2 Vicinity Map N First Avenue South Bridge South Park Bridge Puget Sound Region Duwamish Area Project Benefits Traffic Benefits Saves travel time Reduces congestion Increases safety for all users Improves emergency response times Improves non-motorized travel Improved air quality Provides near shore Duwamish restoration efforts Short term construction job creation Supports existing and new area jobs Supports local community South Park Bridge Replacement Project Cross Section 5 Slide updated as of 12/6/10 Funding Partnership Total Construction Cost: $133,158,000 Funding Partners King County Port of Seattle Federal TIGER II Grant State of Washington Puget Sound Regional Council (PSRC) Transportation Improvement Board (TIB) Freight Mobility Strategic Investment Board (FMSIB) City of Seattle City of Tukwila Boeing Company 6 Slide updated as of 12/6/10 Port Funding Construction: $4,286,000 (1) Aquatic Easement: $534,000 Environmental $180,000 (2) Mitigation Easement: Total: $5,000,000 (1) Port construction funding would be made in two equal payments of $2,143,000 at midpoint and at completion of construction (estimated in 2012 and 2013). (2 )The $180,000 is a financial offset towards the Port's contribution, rather than land replacement, as staff had originally advised the Commission when obtaining authorization to execute the easements in July 2010. 7
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