Title
Approval of a Resolution Announcing Council's Intent to Hold a Public Hearing Concerning the Assumption of the Olympia Transportation Benefit District
Recommended Action
Committee Recommendation:
Not referred to a committee.
City Manager Recommendation:
Move to approve a resolution announcing Council's intent to hold a Public Hearing concerning the assumption of the Olympia Transportation Benefit District.
Report
Issue:
Whether to move forward with the formal process to assume the Olympia Transportation Benefit District.
Staff Contact:
Mark Russell, P.E., Deputy Director, Public Works Department, 360.753.8762
Presenter(s):
None - Consent Calendar Item.
Background and Analysis:
A Transportation Benefit District (TBD) is a quasi-municipal corporation and independent taxing district. It was created for the sole purpose of acquiring, constructing, providing, and funding transportation improvements within the district.
The Washington State legislature permits local governments to establish a TBD and accompanying funding sources to provide for the preservation, maintenance, and construction of local public ways. The Olympia City Council established a TBD in 2008. The boundaries of the TBD are identical with the City limits.
Recent legislation allows the City Council to assume the authority and powers of the TBD. RCW 36.74.020 states in part that the City's "assumption of the rights, powers, functions, and obligations of a transportation benefit district may be initiated by the adoption of an ordinance or a resolution by the city ... legislative authority indicating its intention to conduct a hearing concerning the assumption of such rights, powers, functions, and obligations." The assumption of the TBD by City Council would streamline administration and oversight.
Attached is a proposed Resolution announcing the Council's intent to hold a Public Hearing concerning the assumption of the Olympia TBD. If approved, the Public Hearing will be held o...
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