August 3, 1998
Tom Traeger/staff photo
Mayor Jack Crawford (l.) and Deputy Mayor Dick Taylor are getting a head start on the Aug. 22 - 23 citywide clean-up in preparation for incorporation festivities.
by Tom Traeger
A major roadblock in the process leading to the LakePointe development becoming a reality was eliminated last week. The King County Council voted unanimously to begin the process of establishing Road Improvement District (RID) No. 216 to finance construction of roads for the project.
A public hearing on the proposal will be held Aug. 24 during the County Council meeting.
If approved by the Council, the district would provide financing for $26 million in road improvements funding construction of an elevated roadway from State Route 522 to 68th Ave. NE.
The new connection would provide primary access to LakePointe and create a bypass of the congested intersection at 68th Ave NE.
It would also finance construction of LakePointe Boulevard, the entrance road to the new development.
Councilwoman Maggi Fimia said, "Approval of this motion today is an important and positive step forward in the very complex, yet exciting, LakePointe project."
The RID would be funded up front with revenue bonds and repaid over time through a special assessment on the property tax statements of land owners within LakePointe.
King County would contribute $964,000 toward the part of the road projects that benefit the general public.
Formation of the improvement district must take place prior to the Aug. 31 incorporation date of the city of Kenmore, because after that date the new city would be required to secure funding by formation of a Local Improvement District.
The City of Kenmore's Community Development Director Greg Dohrn said the council and staff are elated with the action of the County Council in taking this vital step to provide necessary roads.
"We're looking forward to working with the county toward the completion of the LakePointe project," Doern said.
Fimia applauded the dedicated and collaborative efforts of all parties involved in taking this important step. Councilman Rob McKenna, chairman of the Transportation Committee gave Fimia high marks for her leadership in this effort.
He said the proposal should have benefits for both the public and private sector.