Renovation of a municipal facility in Lakewood, Washington. Design plans call for the renovation of a municipal facility.

UPDATE:https://cityoflakewood.us/wp-content/uploads/2025/01/2025-2026Budget-Final.pdf Background: Partners for Parks (POP) provided the City Council an update on the feasibility study jointly financed by Partners for Parks and the City in January 2022. This study includes information, findings, conclusions, and recommendations to restore and renovate the H-Barn Complex at Fort Steilacoom Park. Partner for Parks secured the services of Phoenix Risen Consulting to conduct this study, which included interviews with each member of the City Council. Partners for Parks is committed to undertake a capital fund raising campaign to raise $3.5 million to restore and renovate the H-Barn at Fort Steilacoom Park. A previous analysis developed by Partners for Parks estimated that the cost to make these improvements would total $7.5 million. Based on this, the City developed a draft pro-forma that outlines a recommended financing strategy that would include the following revenue components as well as a timeline for project implementation: - Partners for Parks Capital Campaign Fundraising: $3.5 million - City of Lakewood LTAC funds: $2.0 million (bonded over 20 years similar to how the City financed the McGavick Center). The City will submit LTAC application in August 2025 for funds availability in 2026. - Grants and other resource to include perhaps Pierce County LTAC funds: $1.75 million - State capital budget request: $250,000 This draft pro forma also included a one-time City allocation totaling $150,000 in support of Partners for Parks in 2022 to allow them to initiate their capital campaign, which is expected to take 2.5 years if they started by mid-2022. As funds are raised, work could begin on project design, scope and community involvement. This timeline also allows the City to secure the $1.0 million in grants and other resources coupled with working with the state legislative to secure the last piece of funding, a state capital budget appropriation. Given it will take some time to secure funds, the City front seed monies to Partner for Parks in 2022 to allow them to secure the services of a person to lead their effort coupled with securing the services of a firm like Phoenix Risen Consulting to lead their capital campaign. Partners for Park will be responsible for securing their $3.5 million capital contribution. Once those funds have been secured and once the City has secured the remainder of funds, it would the City that moves forward with constructing the improvements. Project is in City of Lakewood capital budget fy 2025-2026 CIP 414 ________________________________________________________________________________________________________________________________ As of August 13, 2024, this project is in schematic design. Construction design should begin in 2025 and construction work in 2027. Background: Partners for Parks (POP) provided the City Council an update on the feasibility study jointly financed by Partners for Parks and the City in January 2022. This study includes information, findings, conclusions, and recommendations to restore and renovate the H-Barn Complex at Fort Steilacoom Park. Partner for Parks secured the services of Phoenix Risen Consulting to conduct this study, which included interviews with each member of the City Council. Partners for Parks is committed to undertake a capital fund raising campaign to raise $3.5 million to restore and renovate the H-Bard at Fort Steilacoom Park. A previous analysis developed by Partners for Parks estimated that the cost to make these improvements would total $7 to $7.5 million. This project is included in the city’s fy 2024-2028 Capital Improvement Program. As of February 16, 2024, further details regarding design and construction timelines have not been identified. Funding has not been allocated. *Project information has been obtained through a public capital improvement plan (CIP). A CIP is a financial schedule for short- and long-range projects which is updated regularly. Information listed in the CIP often evolves based on funding availability and the project details, including timeline and value, are subject to change. The content management team will continue to pursue additional details as they become available.