MEMO TO: Members of the City Council
FROM: Mayor Angela Birney
SUBJECT:
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Appointment of Council President Tanika Padhye and Councilmember Vanessa Kritzer to the Board of Supervisors for Community Facility Districts (CFD) No. 2014-1 and 2016-1
I. RECOMMENDED ACTION
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Appoint Council President Tanika Padhye and Councilmember Vanessa Kritzer to the Board of Supervisors for Community Facility Districts (CFD) No. 2014-1 and 2016-1.
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II. DEPARTMENT CONTACTS
Malisa Files, Finance Director 425-556-2166
Kelley Cochran, Deputy Finance Director 425-556-2748
Julie Elsom, Accounting Manager 425-556-2181
III. DESCRIPTION/BACKGROUND
There are two Community Facilities Districts (CFD) within the City of Redmond:
* CFD 2014-1 was established on July 15, 2014 to fund improvements at the Overlake Transit Center (OTC); including, a pedestrian bridge over SR 520 and 156th Avenue NE. The CFD was entered into by the Microsoft Corporation, Sound Transit and the City of Redmond.
* CFD 2016-1 was established on June 21, 2016 and amended on July 25, 2017 to fund multimodal and stormwater improvements; including,
o Eastbound and westbound left-turn lanes at the intersection of 154th Avenue NE and NE 51st Street and at the intersection of 156th Avenue NE and NE 51st Street along with signal modifications to the intersection of 156th Avenue NE and NE 51st Street and bicycle lanes along NE 51st Street from 154th Avenue NE to the SR 520 eastbound on-ramp.
o Bicycle lanes along NE 31st Street from the roundabout just east of SR 520 to 156th Avenue NE along with improvements to the intersection of NE 31st Street and 156th Avenue NE.
o Extension of storm water pipe from 172nd Avenue NE to Lake Sammamish along the NE 40th street right-of-way and related improvements required as part of project construction; flow splitter vault at the intersection of NE 40th Street and 172nd Avenue NE; energy dissipation va...
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