TO: Members of the City Council
FROM: Mayor Angela Birney
DEPARTMENT DIRECTOR CONTACT(S):
Finance
Kelley Cochran, Interim Finance Director
425-556-
DEPARTMENT STAFF:
Public Works
Aaron Bert
Public Works Director
Executive
Malisa Files
Chief Operating Officer
TITLE:
title
Adoption of an Ordinance Imposing 0.1% Sales Tax for Transportation Benefit District (TBD)
1. Ordinance No. 3126: An Ordinance of the City of Redmond, Washington, Adding a New Section 3.93.055 to the Redmond Municipal Code Imposing an Additional Sales and Use Tax of One-Tenth of One Percent Within the Boundaries of the Redmond Transportation Benefit District for the Purpose of Financing the Costs Associated with Transportation Improvements in the District as Authorized by RCW 36.73.065 and RCW 82.14.0455; Providing for Severability and Establishing an Effective Date
OVERVIEW STATEMENT:
recommendation
Over the past months, Council has established a Redmond Transportation Benefit District (TBD) and assumed governance of the District. The next step for the TBD is to pass an ordinance (Attachment A) imposing a 0.1% Sales Tax to fund transportation improvements.
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 an ordinance imposing the 0.1% sales tax is the next step in fully establishing the TBD.
OUTCOMES:
Per the timeline shared with Council at the April 11, 2023, Finance, Administration and Communications Committee of the Whole, th...
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