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Seattle City Councilmembers to take public comment on Seawall replacement bond levy

Council President Sally J. Clark
Councilmember Sally Bagshaw
Councilmember Tim Burgess
Councilmember Richard Conlin
Councilmember Jean Godden
Councilmember Bruce Harrell
Councilmember Nick Licata
Councilmember Mike O’Brien
Councilmember Tom Rasmussen

Seattle City Councilmembers to take public comment
on Seawall replacement bond levy

$290 million levy to be considered for November ballot

SEATTLE – Seattle City Councilmembers today announced the public hearing date to discuss a proposed 30-year property tax bond measure of $290 million to provide public safety and protection of the Central Waterfront and related public infrastructure. The measure under consideration would be on the November 6, 2012 General Election ballot. The 30-year bond for $290 million would cost the owner of a $360K home about $59 per year.

"Replacing the seawall is essential both to public safety and to the local and regional economy," stated Councilmember Tom Rasmussen. "Failure of the wall could severely disrupt transportation and commerce in the region and lead to widespread property damage, injury and loss of life."

WHAT:
Seawall bond measure public hearing
Central Waterfront, Seawall and Alaskan Way Viaduct Replacement Program Special Committee

WHEN:
Wednesday, June 27, 2012, at 5:30 p.m.
Sign up will open at 5 p.m.

WHERE:
Council Chambers, Second floor
Seattle City Hall, 600 Fourth Avenue, Seattle 98104

WHO:
Council President Sally J. Clark
Councilmember Sally Bagshaw
Councilmember Tim Burgess
Councilmember Richard Conlin
Councilmember Jean Godden
Councilmember Bruce Harrell
Councilmember Nick Licata
Councilmember Mike O’Brien
Councilmember Tom Rasmussen

A replacement Seawall is essential both to public safety and to the local and regional economy because the current Seawall is not designed to withstand seismic events. Seawall failure could lead to widespread property damage, injury and loss of life while severely disrupting public transportation and commerce.

The proposed bond would go before voters in November. The dollars generated would pay for construction of the new seawall from South Washington Street to Virginia Street and providing funds toward replacing the deteriorated pilings and decking of the two City-owned piers that extend from the seawall: Pier 58, known as Waterfront Park, and Pier, 62/ 63, both of which are owned and operated by the Seattle Parks Department. Pier 58 is seismically vulnerable and the structural deficiencies of Pier 62/63 have forced the City to limit use of the piers to protect public safety.

The $290 million bond measure would complete project funding for this stretch of the seawall in combination with approximately $30 million from the King County Flood Control District and nearly $30 million already identified in the City’s General Fund. Seawall replacement is also necessary to support construction of a new Alaskan Way surface road following removal of the Viaduct. The seawall must be removed and rebuilt by 2016 to ensure that Alaskan Way can be rebuilt to provide public access to the waterfront and area businesses.

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