Chapter 12A.16TRANSPORTATION BENEFIT DISTRICT

Sections:

12A.16.010
Transportation Benefit District Established.
12A.16.020
Governing Board.
12A.16.025
Repealed.
12A.16.030
Powers of the Lakewood Transportation Benefit District.
12A.16.040
Transportation Improvements Funded.
12A.16.050
Establishment of Revenue Sources.
12A.16.060
Expiration of Authority to Exercise Statutory Powers.
12A.16.010Transportation Benefit District Established.

Pursuant to RCW 35.21.225 and Chapter 36.73 RCW, there is created the Lakewood Transportation Benefit District with geographical boundaries comprised of the corporate limits of the City of Lakewood as they currently exist or as they may exist following future annexations. (Ord. 550 § 2 part, 2012.)

12A.16.020Governing Board.

A. The Lakewood City Council shall have the authority to exercise the statutory powers set forth in Chapter 36.73 RCW and this chapter.

B. The Lakewood City Council adopts the existing TBD policies, procedures and actions including the TBD 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). The City Manager or designee is hereby authorized to amend the language in any such policy, procedure or action to accurately reference City authority rather than TBD authority.

C. Annual Report to the Public. The Lakewood City Council shall issue an annual report, pursuant to the requirements of RCW 36.73.160(2). (Ord. 656 § 2 (part), 2016; Ord. 560 § 1 (part), 2013; Ord. 550 § 2 (part), 2012.)

12A.16.025Administration and Personnel. (Repealed)

(Repealed Ord. 656 § 2 (part), 2016; Ord. 560 § 1 (part), 2013.)

12A.16.030Powers of the Lakewood Transportation Benefit District.

The City of Lakewood shall possess all of the powers of a Transportation Benefit District authorized pursuant to Chapter 36.73 RCW, 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. 656 § 2 (part), 2016; Ord. 550 § 2 (part), 2012.)

12A.16.040Transportation Improvements Funded.

The funds generated under the authority of Chapter 82.14 RCW by the City of Lakewood shall be used for the purpose of funding ongoing transportation improvements that preserve, maintain and, as appropriate, construct or reconstruct the transportation infrastructure of the City of Lakewood, consistent with Chapter 36.73 RCW. The funds shall be used specifically for annual improvements for the operation, preservation, and maintenance of the City’s existing transportation improvements, facilities, functions, activities, and programs set forth in the City’s current transportation improvement program, adopted pursuant to Chapter 36.73 RCW, nonmotorized improvement plan and the Lakewood City Council Ad Hoc Committee on Transportation Funding recommendations. Lakewood Transportation Benefit District projects may be amended in accordance with the material change policy described in LMC 12A.16.020(B) and in accordance with the notice, hearing and other procedures described in Chapter 36.73 RCW, including RCW 36.73.050(2)(b), as the same may be amended from time to time. (Ord. 656 § 2 (part), 2016; Ord. 560 § 1 (part), 2013; Ord. 550 § 2 (part), 2012.)

12A.16.050Establishment of Revenue Sources.

The Lakewood City Council shall have the authority to establish fees and other revenue sources consistent with RCW 36.73.065. (Ord. 656 § 2 (part), 2016; Ord. 550 § 2 (part), 2012.)

12A.16.060Expiration of Authority to Exercise Statutory Powers.

The authority of the City to exercise the statutory powers set forth in Chapter 36.73 RCW and this chapter shall expire, when all indebtedness, if any, accrued pursuant to that authority has been retired and when all of the anticipated responsibilities of the Transportation Benefit District have been satisfied. This authority shall automatically expire on 12:01 a.m. on July 16, 2032, unless dissolved sooner pursuant to this section. (Ord. 656 § 2 (part), 2016; Ord. 550 § 2 (part), 2012.)