5768-S.E AMH CLIB LEAT 116

ESSB 5768 - H AMD TO TR COMM AMD (H-3051.1) 826

By Representative Clibborn

ADOPTED 4/22/2009

    On page 2, line 3 of the striking amendment, after "include" strike "at least" and insert "no more than"

    On page 3, line 1, after "(6)" strike "The state, city," and insert "(a) The city"

    On page 3, after line 5, insert the following:

    "(b) The state's contribution shall not exceed two billion four hundred million dollars.  If costs exceed two billion four hundred million dollars, no more than four hundred million of the additional costs shall be financed with toll revenue.  Any costs in excess of two billion eight hundred million dollars shall be borne by property owners in the Seattle area who benefit from replacement of the existing viaduct with the deep bore tunnel."

EFFECT:

              (1) Establishes that the state's contribution to the Alaskan Way viaduct replacement project shall not exceed $2.4 billion.

              (2) Provides that if costs exceed $2.4 billion, no more than $400 million must be financed with toll revenue. 

              (3) Establishes that any costs in excess of $2.8 billion must be borne by property owners in the Seattle area who benefit from replacing the existing viaduct with the tunnel.

--- END ---