TO: Members of the City Council
FROM: Mayor Angela Birney
DEPARTMENT DIRECTOR CONTACT(S):
|
Finance |
Kelley Cochran |
425-556-2748 |
DEPARTMENT STAFF:
TITLE:
title
Conduct a Public Hearing and Adopt a Resolution Approving a Petition Filed by Microsoft to Amend Community Facilities District (CFD) 2014-01
a. Resolution No. 1590: A Resolution of the City Council of the City of Redmond, Washington, Approving a Petition by Microsoft Corporation to Amend Redmond Community Facilities District No. 2014-01; Modifying the Purpose of said Community Facilities District to include Financing the Construction of Pedestrian/Bicycle Bridge Connecting the East Side of 156th Avenue NE to Redmond Technology Station and to the West Side of SR 520, Canopy Coverage for Waiting Areas at Redmond Technology Station, Shell and Core Requirements for a Transit Office/Public Waiting Area Near the Parking Garage at Redmond Technology Station, Additional Paving for Buses and Vans to Wait and to Drop Off and Pick Up Passengers Moving Between the Light Rail System and the Bus System, Accessibility Features at Redmond Technology Station such as Timetable Displays with Text To Speech Functionality and Tactile Guidance Indicators to Assist Those with Visual Impairments to Navigate the Site; Making Findings in Support of the Amendment; and Incorporating Terms and Conditions Set Forth in the Petition
OVERVIEW STATEMENT:
recommendation
Community Facilities District (CFD) 2014-01 was established on July 15, 2014, via Resolution No. 1411 as a partnership between the City of Redmond, Microsoft, and Sound Transit to fund and construct improvements at the Overlake Transit Center (OTC), including a pedestrian bridge over SR 520 and 156th Avenue NE. The Overlake Transit Center has since been renamed the Redmond Technology Station (RTS). A petition has been filed by Microsoft to amend CFD 2014-01 via resolution. A public hearing will be conducted to receive public comment, and Council will consider the adoption of a resolution to amend CFD 2014-01.
body
☒ Additional Background Information/Description of Proposal Attached
REQUESTED ACTION:
☐ Receive Information ☐ Provide Direction ☒ Approve
REQUEST RATIONALE:
• Relevant Plans/Policies:
N/A
• Required:
Community Facilities Districts are governed under RCW 36.145.
• Council Request:
N/A
• Other Key Facts:
CFD 2014-01 was previously amended November 18, 2014, via Resolution 1417 to expand the purpose of CFD 2014-01 to finance the construction of shell and core requirements for a transit office/public waiting area and additional paving.
OUTCOMES:
If approved, the amendment via resolution would include the following scope to be financed by CFD 2014-01:
• Accessibility features at Redmond Technology Station such as timetable displays with text to speech functionality and tactile guidance indicators to assist those with visual impairments to navigate the site.
COMMUNITY/STAKEHOLDER OUTREACH AND INVOLVEMENT:
• Timeline (previous or planned):
In accordance with RCW 36.145, King County Elections certified the petition from Microsoft and issued a certificate of sufficiency and a letter of sufficiency, both of which were received by the City of Redmond on August 14, 2024. Per RCW 36.145, a public hearing must be held by the City Council no sooner than 30 days and no later than 60 days from the certificate of sufficiency date of issue, which was August 13, 2024.
• Outreach Methods and Results:
A public hearing is scheduled for September 17, 2024, during the Redmond City Council Business Meeting. A notice of public hearing has been posted in The Seattle Times on August 27, 2024, September 3, 2024, and September 10, 2024.
A notice of public hearing was also posted at Redmond City Hall, the Redmond Library, the Redmond Community Center at Marymoor Village, and three locations at Microsoft on August 30, 2024.
• Feedback Summary:
N/A
BUDGET IMPACT:
Total Cost:
To be confirmed. $7,888,590.55 is available in CFD 2014-01.
Approved in current biennial budget: ☐ Yes ☐ No ☒ N/A
Budget Offer Number:
N/A
Budget Priority:
N/A
Other budget impacts or additional costs: ☐ Yes ☐ No ☒ N/A
If yes, explain:
N/A
Funding source(s):
CFD 2014-01
Budget/Funding Constraints:
N/A
☐ Additional budget details attached
COUNCIL REVIEW:
Previous Contact(s)
|
Date |
Meeting |
Requested Action |
|
9/10/2024 |
Committee of the Whole - Finance, Administration, and Communications |
Provide Direction |
Proposed Upcoming Contact(s)
|
Date |
Meeting |
Requested Action |
|
N/A |
None proposed at this time |
N/A |
Time Constraints:
Per RCW 36.145, a public hearing must be held by the City Council no sooner than 30 days and no later than 60 days from the certificate of sufficiency date of issue, which was August 13, 2024.
ANTICIPATED RESULT IF NOT APPROVED:
If a public hearing is not held in accordance with required timelines per RCW 36.145, CFD 2014-01 cannot be amended at this time.
ATTACHMENTS:
Attachment A: Resolution for Second Amendment to CFD 2014-01
Attachment A - Exhibit 1: Sufficiency Letter - CFD 2014-01
Attachment A - Exhibit 2: Certificate of Sufficiency - CFD 2014-01
Attachment A - Exhibit 3: Second Amended and Restated Petition - CFD 2014-01
Attachment B: Public Hearing Notice - Second Amendment to CFD 2014-01