MANAGER'S REPORT:
Transfer T-1007 transfers $4.5 million, of State Cruise Passenger Vessel Excise Tax, from Statter Harbor Improvements Phase III and $1.5 million, of CBJ Marine Passenger Fees, from Open Space Land Acquisition Fund, to the Marine Park to Taku Uplands Improvement Project.
Docks & Harbors proposes construction of a downtown transportation staging area and expanded waterfront open space deck-over project in support of the cruise passenger growth in Juneau. The project includes a land exchange and results in a net purchase of approximately 0.4 acres of additional property. The project would be constructed in two phases over the course of twenty-four months. The total estimated project cost is $23.5 million. The Finance Director has developed a funding package which would include sufficient resources to complete the proposed project. Phase I improvements would cost $20.5 million and include the purchase of necessary property and the project costs of the first phase of the construction project. The first phase of construction would include the pilings and installed decks and surface improvements. Phase II, if funded at a later date by the Assembly, would include the covered passenger shelter with restrooms.
The funding for Phase I consists of:
1) $3.5 million of funds already appropriated
2) Appropriating $11 million via ordinance 2018-11(S) and
3) $6 million of passenger fees to be transferred, via this resolution, from other CIPs. |