In March 1997 the Mukilteo City Council purchased property next to Fire Station 3 in Harbour Pointe on which to build a new police station. Two months later they made the decision to site a new city hall and a community center on the city-owned Rosehill Community Center location at 3rd and Lincoln in downtown Mukilteo. The really difficult decision whether to renovate or tear down the Rosehill building was made in August 1998, when the council decided the best option was to tear the building down. That means not relying on bonds to finance the projects bonds that would increase local property tax rates. The deposit into the MF Fund will only happen if construction activity continues at the pace show in the past five years.
Recent signs indicate that is likely.
We just had our largest conventional construction year ever. Among the good signals is the expected development of Sector 15 s mixed use Village Center. An application has been received to proceed with Phase I of the project which will include235 multi-family residential units and 22,642 square feet of retail and commercial office space. Work started last year on the first phase of the project s single-family detached houses. Revenue stream reliability is more in doubt.