TO: Committee of the Whole - Finance, Administration, and Communications
FROM: Mayor Angela Birney
DEPARTMENT DIRECTOR CONTACT(S):
Finance
Kelley Cochran
425-556-2748
DEPARTMENT STAFF:
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N/A
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TITLE:
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Approval of Reappointments to the Community Facilities District (CFD) 2016-01 Board of Supervisors
OVERVIEW STATEMENT:
recommendation
Community Facilities District (CFD) 2016-01 was established on June 21, 2016, as a partnership between the City of Redmond and Microsoft. As amended on July 25, 2017, and September 17, 2024, the CFD is to fund multimodal and stormwater improvements. The CFD 2016-01 Board of Supervisors is made up of three members of the Redmond City Council and two Microsoft representatives. Under CFD regulations, the Redmond City Council must approve appointments and reappointments to the CFD Board of Supervisors.
Council is asked to confirm the reappointments of Council Vice President Angie Nuevacamina and Microsoft Representative Don Marcy to the CFD 2016-01 Board of Supervisors. Their terms will expire June 30, 2029.
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? Additional Background Information/Description of Proposal Attached
REQUESTED ACTION:
? Receive Information ? Provide Direction ? Approve
REQUEST RATIONALE:
* Relevant Plans/Policies:
Community Facilities District (CFD) 2016-01 Formation and Commitment to Fund Documentation
* Required:
Community Facilities Districts are governed under RCW 36.145
* Council Request:
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* Other Key Facts:
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OUTCOMES:
On June 21, 2016, the Redmond City Council appointed the Board of Supervisors for the newly formed CFD 2016-01. Members first appointed to the Board of Supervisors serve for one and two years respectively from the date of their appointments, after which the term of office for each supervisor is three years or until a successor is appointed. A history of CFD 2016-01 Board of Supervisors appointments and reappointments can be found in attachment A.
With this approval, the Redmond City Council will ...
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