TO: Members of the City Council
FROM: Mayor Angela Birney
DEPARTMENT DIRECTOR CONTACT(S):
Finance
Kelley Cochran
425-556-2478
DEPARTMENT STAFF:
Public Works
Aaron Bert
Public Works Director
Executive
Malisa Files
Chief Operating Officer
TITLE:
title
Conduct Public Hearing and Approve Transportation Benefit District (TBD) Assumption Ordinance
a. Ordinance No. 3123: An Ordinance of the City of Redmond, Washington, Amending RMC 3.93.040; Assuming the Rights, Powers, Functions, and Obligations of the Redmond Transportation Benefit District and Abolishing the Governing Board of the District as an Entity Separate from the Redmond City Council; Providing for Severability; and Establishing an Effective Date
OVERVIEW STATEMENT:
recommendation
On May 2, 2023, Council held a public hearing and approved the TBD formation ordinance required for the City to establish a Transportation Benefit District. On May 16, 2023, Council approved the resolution of intent to assume the governance of the TBD and set a second public hearing date. The next step in the process is to hold an additional public hearing and to approve an ordinance allowing Council to assume the rights, powers, functions, and obligations of the TBD.
body
? Additional Background Information/Description of Proposal Attached
REQUESTED ACTION:
? Receive Information ? Provide Direction ? Approve
REQUEST RATIONALE:
* Relevant Plans/Policies:
2023-2024 Adopted Budget
* Required:
Transportation Benefit Districts are governed under RCW 36.73 allowing the City to establish a TBD and for the levying of additional revenue sources. RCW 35.21.225 authorizes the establishment of a TBD subject to the provisions in RCW 36.73.
* Council Request:
The TBD was approved as a new revenue source in the 2023-2024 Adopted Budget.
* Other Key Facts:
Approving the Resolution of Intent to hold a Public Hearing on assumption of the district is the next step in establishing the TBD.
OUTCOMES:
Per the timeline shared wi...
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