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RES 2011-18 COMMITTING FINANCIAL SUPPORT FOR WINSLOW WAY & 305 IMPROVEMENTSRESOLUTION NO. 2011-18 A RESOLUTION of the City Council of Bainbridge Island, Washington, committing financial support for traffic signal and intersection improvements at Winslow Way and State Route 305 from bonus floor area ratio funds. WHEREAS, the City Council passed Ordinance 98-11 on May 21, 1998, adopting the Winslow Master Plan as a sub -area plan of the Comprehensive Plan; and WHEREAS, the Winslow Master Plan includes policies that allow for the purchase of bonus floor area ratio in the Mixed Use Town Center and High School Road Districts, provided that a portion of the resultant funds are used to develop public amenities that enhance the vitality and livability of Winslow; and WHEREAS, the City Council passed Resolution 2001-54 on October 11, 2001, identifying that funds derived from the purchase of bonus floor area ratio shall be accounted for in a budget sub -fund, with sixty percent (60%) of the funds directed toward the preservation of agricultural land and forty percent (40%) toward the construction of public amenities and/or infrastructure, unless one hundred percent (100%) of the maximum bonus is purchased, in which case all of those funds shall be directed toward the preservation of agricultural land; and WHEREAS, as of this date approximately $38,843 from the purchase of bonus floor area ratio associated with the Island Gateway development is currently available for the construction of public amenities and/or infrastructure; and WHEREAS, the intersection of Winslow Way and State Route 305 is the vehicular and pedestrian gateway to the Island and the City wishes to enhance the safety of this environment; and WHEREAS, the City Council authorized the improvements to be included in the construction contract for the Winslow Way Reconstruction Project; and WHEREAS, the Washington State Department of Transportation has designed the traffic signal and intersection improvements and contributed $50,000 to the construction of the improvements; now, therefore, THE CITY COUNCIL OF THE CITY OF BAINBRIDGE ISLAND, WASHINGTON DOES RESOLVE AS FOLLOWS: The City Council approves adding bonus floor area ratio funds in the amount of $38,843 to the project budget for the Winslow Way Reconstruction project for the purpose of constructing traffic signal and intersection improvements at Winslow Way and State Route 305. PASSED by the City Council this I 01 day of August, 2011. APPROVED by the Mayor this 10`" day of August, 2011. I-- -51z�� Kirsten Hytopoulos, Mayor ATTEST/AUTHENTICATE —imaAkektAlk Lai no Jy Rosalind Lassoff, City Jerk FILED WITH THE CITY Y CLEl 1. August. 5, 2011 PASSED BY THE CITY COUNCIL: August 10, 2011 RESOLUTION NO.: 2011-18