There is created a transportation benefit district to be known as the Kenmore 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. 23-0578 § 2 (Exh. 1))
A. 
The governing board of the transportation benefit district shall be the Kenmore city council, which shall have the authority to exercise the statutory powers set forth in Chapter 36.73 RCW and this chapter.
B. 
The treasurer of the transportation benefit district shall be the city director of finance.
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. 23-0578 § 2 (Exh. 1))
The funds generated by the transportation benefit district may be 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 preserve and maintain transportation infrastructure, improve public safety, or implement City projects identified in Kenmore’s transportation improvement program.
(Ord. 23-0578 § 2 (Exh. 1))
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. 23-0578 § 2 (Exh. 1))