TO: Members of the City Council
FROM: Mayor Angela Birney
DEPARTMENT DIRECTOR CONTACT(S):
Finance
Kelley Cochran
425-556-2748
DEPARTMENT STAFF:
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TITLE:
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Approval of Reappointments to Community Facilities District (CFD) 2014-01 Board of Supervisors
OVERVIEW STATEMENT:
recommendation
Community Facilities District (CFD) 2014-01 was established on July 15, 2014, 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. Under CFD regulations, the Redmond City Council must approve reappointments to the CFD Board of Supervisors.
Council is asked to confirm the reappointments of Council President Vanessa Kritzer, Councilmember Melissa Stuart, and Microsoft representative Mike Behn to the Community Facilities District (CFD) 2014-01 Board of Supervisors. Their current terms expire August 31, 2025, and their new terms will be September 1, 2025-August 31, 2028.
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? Additional Background Information/Description of Proposal Attached
REQUESTED ACTION:
? Receive Information ? Provide Direction ? Approve
REQUEST RATIONALE:
* Relevant Plans/Policies:
CFD 2014-01 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 August 19, 2014, the Redmond City Council appointed the Board of Supervisors for the newly formed CFD 2014-01. Members first appointed to the Board of Supervisors served 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. The CFD 2014-01 Board of Supervisors is made up of three members of the Redmond City Council and two Microsoft representatives.
A history of CFD 2014-01 Board of Supervisors appointments and reappointments can be...
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