Chapter 12.14
TRANSPORTATION BENEFIT DISTRICT

12.14.000    Chapter Contents

Sections:

12.14.010    Establishing Transportation Benefit District.

12.14.020    Governing Board.

12.14.030    Authority of the District.

12.14.040    Use of Funds.

12.14.050    Dissolution of District.

12.14.060    Liberal Construction

12.14.010 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. 6611 §3, 2008)

12.14.020 Governing Board

A.    The governing board of the Transportation Benefit District shall be the Olympia 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 Finance Director.

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. 6611 §3, 2008)

12.14.030 Authority of the District

The Board shall have and may exercise any powers provided by law to fulfill the purpose of the District.

(Ord. 6611 §3, 2008)

12.14.040 Use of Funds

The funds generated by the Transportation Benefit District maybe used for any purpose allowed by law including to operate the District and to make transportation improvements that are consistent with existing state, regional, and local transportation plans and necessitated by existing or reasonably foreseeable congestion levels pursuant to Chapter 36.73 RCW. The transportation improvements funded by the District shall be made in an effort to reduce risk of transportation facility failure and improve safety, decease travel time, increase daily and peak period trip capacity, improve modal connectivity, and preserve and maintain optimal performance of the infrastructure over time to avoid expensive infrastructure replacement in the future.

(Ord. 6611 §3, 2008)

12.14.050 Dissolution of District

The Transportation Benefit District shall be dissolved when all indebtedness of the District has been retired and when all of the District’s anticipated responsibilities have been satisfied.

(Ord. 6611 §3, 2008)

12.14.060 Liberal Construction

This chapter is to be liberally construed to accomplish the purpose of establishing a Transportation Benefit District.

(Ord. 6611 §3, 2008)