I think the Mountlake Terrace City Council may have the cart before the horse if they intend to put the Civic Center financing vote on the November ballot. The Town Center development hasn’t even broken ground on its first project and they are already counting the tax revenues.
Asking the taxpayers to pony up and pay the construction bond for a new City Hall before any of the envisioned economic bonanza comes on line seems a little premature considering the economic uncertainty gripping the entire planet. Maybe they should watch the world news at the next council meeting.
In my opinion, it would be more appropriate for the city to set aside all tax receipts that are in excess of what they now collect from the city center, and use that revenue to build their new hall, after the private developers come in and turn the downtown core into the cash cow the city council told us it will be.
I would be willing to let them keep the tax savings they promised the property owners when they made their pitch to get this started. Make good on their promises, then build the new castle.