Ordinance 3386-14 - Laserfiche WebLink

NOW, THEREFORE,THE CITY OF EVERETT DOES ORDAIN: ,Section 1. The Recitals set forth above are hereby adopted and incorporated as Findings of Fact and/or Conclusions of Law of the City Council. The City Council bases its findings and conclusions on the entire record, including all written and oral testimony before the City Council. Section 2. A new chapter of the Everett Municipal Code, Chapter Everett Transportation Benefit District, is hereby added to read as follows: Chapter EVERETT TRANSPORTATION BENEFIT DISTRICT Sections: .010 Purpose. .020 Establishing transportation benefit district. .030 Governing board. .040 Functions of the district. .050 Transportation improvements funded. .060 Dissolution of district. .070 Liberal construction. 3.85.010 Purpose. The purpose of this Ordinance is to establish a Transportation Benefit District (TBD) pursuant to RCW 35.21.225 and Chapter 36.73 RCW, consistent with the public interest to provide adequate levels of funding for transportation improvements that preserve, maintain and as appropriate construct or reconstruct the transportation infrastructure of the City of Everett. 3.85.020 Establishing transportation benefit district. There is created a transportation benefit district to be known as the Everett Transportation Benefit District or "District" with geographical boundaries comprised of the corporate limits of the city as they currently exist or as they may exist following future annexations. 3.85.30 Governing board. A. The governing board of the transportation benefit district shall be the Everett City Council acting in an ex officio and independent capacity, which shall have the authority to exercise the statutory powers set forth in Chapter 36.73 RCW. B. The treasurer of the transportation benefit district shall be the city treasurer. C. The board shall develop a material change policy to address major plan changes that affect project delivery or the ability to finance the plan, pursuant to the requirements set forth in RCW 36.73.160(1). At a minimum, if the District funding participation in a transportation improvement exceeds its original cost by more than twenty percent, as identified in the District's original plan, a public hearing shall be held to solicit public comment regarding how the cost change should be resolved.