Wilsonville government has funding for Boeckman Road dip project
The city of Wilsonville has determined how it will fund construction of a bridge over the current dip on Boeckman Road, which officials have said is a safety hazard that needs addressing, in part, to support an influx of residents in Frog Pond neighborhoods.
While the city had already earmarked $14.5 million in funding from the Year 2000 urban renewal district, which takes the taxes associated with increases in property values and uses it for public improvement projects, it identified a few ways to fill a $6.3 million funding gap for the $20.8 million project.
The city plans to use $1 million in lease money provided by other cities as part of a project to upgrade the Willamette River Water Treatment Plant; an additional $1.1 million from the Year 2000 district; $1.8 million combined from Clackamas County vehicle registration fee and gas tax revenue; a $1.5 million loan from its own wastewater operating fund; and $1 million from fees the city collects from developers for transportation frontage improvements. Wilsonville City Council gave the go-ahead for the strategy during a meeting Monday, June 7.
"It looks like an excellent, well thought-out plan," Wilsonville City Councilor Charlotte Lehan said at the meeting.
Now that the funding plan is finalized, the city will soon begin a 30% design for the project. A construction schedule won't be established until after that. However, the city plans to close Boeckman Road during construction and will establish detour routes.
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