Chapter 4.04
CASTLE ROCK TRANSPORTATION BENEFIT DISTRICT (TBD)
Sections:
4.04.010 Establishing transportation benefit district.
4.04.030 Transportation improvements funded.
4.04.040 Establishment of revenue sources.
4.04.050 Dissolution of district.
4.04.060 Liberal construction.
4.04.010 Establishing transportation benefit district.
There is created a transportation benefit district with geographical boundaries comprised of the corporate limits of the city as they currently exist or as they may exist following future annexations. [Ord. 2012-03 § 2, 2012].
4.04.020 Governing board.
A. The governing board of the transportation benefit district shall be the city of Castle Rock 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 clerk-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).
D. The board shall issue an annual report, pursuant to the requirements of RCW 36.73.160(2). [Ord. 2012-03 § 2, 2012].
4.04.030 Transportation improvements funded.
The funds generated by the transportation benefit district shall be used for transportation improvements that preserve and maintain the transportation infrastructure of the city, consistent with the requirements of Chapter 36.73 RCW. The transportation improvements funded by the district shall preserve and maintain the city’s previous investments in the transportation infrastructure, reduce the risk of transportation facility failure, improve safety, continue the cost-effectiveness of the city’s infrastructure investments, and continue the optimal performance of the transportation system. [Ord. 2012-03 § 2, 2012].
4.04.040 Establishment of revenue sources.
The board shall have the authority to establish fees and other revenue sources consistent with RCW 36.73.065, including without limitation the power to request voter approval of, and thereafter impose and collect, a sales and use tax in accordance with RCW 82.14.0455. [Ord. 2012-03 § 2, 2012].
4.04.050 Dissolution of district.
The transportation benefit district shall be dissolved when all indebtedness of the district has been retired and when all the district’s anticipated responsibilities have been satisfied. [Ord. 2012-03 § 2, 2012].
4.04.060 Liberal construction.
This chapter is to be liberally construed to accomplish the purpose of establishing a transportation benefit district with the broadest possible authority under Chapter 36.73 RCW as it now exists or is hereafter amended. [Ord. 2012-03 § 2, 2012].