Resolution 3528 - Laserfiche WebLink

SECTION 23: BOEING MITIGATION PAYMENTS Findings: • The schedule of payments provides an immediate payment of $20 million, and completion of payments, with interest, by 1994. • Project scheduling makes extensive expenditure of funds on projects in the near-term an impractical objective. Approximately $8 to $10 million of the initial payment can be realistically obligated within the first year because of the necessary planning and engineering work that precedes construction. • Allocation of State and Local shares for a program this large must be scheduled over a multi-year period because of the need to shift funding priorities and to correspond to revenue schedules and governmental procedures. • A significant early mitigation payment ($20 million) is required by the Decision Document and substantial annual payments are required in following years. • The payment schedule in the Decision Document reflects the public scheduling realities for implementing a large and costly multi-year improvement program. Conclusions: • The mitigation payment schedule provides a reliable multi-year source of funding for major transportation facility improvements that require long term intergovernmental coordination to complete. • The Responsible Official's decision is supported by the record, is reasonable, and conforms with SEPA. • Appellant's allegations are not supported by the record. Decision: Deny the appeal and affirm the provisions in the Decision Document Section VI.A. pages 35-36; provided, however, the figures on page 35 of the Decision Document shall be changed to read as follows to provide a total cost of transportation mitigation including interest over the 4-year payment schedule of$46,107,698 rather than the $47.46 million figure included in paragraph 1 of the Decision Document on page 35: 37