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TBD RES 2015-01TBD RESOLUTION NO. 2015- 01 A RESOLUTION of the Bainbridge Island Transportation Benefit District establishing a spending plan for 2015. WHEREAS, the Bainbridge Island Transportation Benefit District (the "District ") was established on August 22, 2012 pursuant to City of Bainbridge Island Ordinance No. 2012 -14; and WHEREAS, the District established a $20 license fee for qualifying vehicles January 9, 2013 pursuant to Bainbridge Island Transportation Benefit District Ordinance No. 2013 -01; and WHEREAS, vehicle owners have been paying the fee since August 2013; and WHEREAS, the District desires to make a spending plan for revenue received, THE BAINBRIDGE ISLAND TRANSPORTATION BENEFIT DISTRICT DOES RESOLVE AS FOLLOWS: Section 1. The District shall transfer $300,000 to the City of Bainbridge Island to be spent on qualifying transportation projects in 2015. The District finds that the Annual Roads Safety Upgrades, the Annual Roads Preservation Project, and the Island -Wide Gaps Right -of -Way Acquisition are qualifying projects under the criteria set forth in RCW 36.73.020 in that they reduce the risk of transportation facility failure, improve safety, provide cost- effectiveness by allowing the City to avoid more expensive replacements in the future, and contribute to optimal system performance through time. Section 2. The spending plan for 2015 is attached as Exhibit A to this resolution. PASSED by the Bainbridge Island Transportation Benefit District this 9th day of June, 2015. APPROVED by the Chair this 9th day of June, 2015. By: A,� hey_ Sar Blossom, Chair ATTEST /AUTHENTICATE: By:'I ost jigp _ ti So Rosalind D. Lassoff Bainbridge Island City Clerk FILED WITH THE CITY OF BAINBRIDGE ISLAND CITY CLERK: June 2, 2015 PASSED BY THE BAINBRIDGE ISLAND TRANSPORTATION BENEFIT DISTRICT: June 9, 2015 TBD RESOLUTION NO. 2015 -01 City of Bainbridge Island Transportation Benefit District CIP (2015 - 2021) Project Location J ` I ` ` v +� r 3 2015 1 2016 1 2017 2018 1 2019 2020 Transportation Benefit District Projects Annual Road Safety Upgrades Island -Wide Y Annual Roads Preservation Residential Streets 300 Island -Wide Gaps ROW Acquisition Island -Wide Y ..................... ............................... 300 1 0 1 0 1 0 1 0 0 Note:The purpose of the district is to improve and protect the city's long -term investment in its transportation infrastructure, to reduce the risk of transportation facility failure, to improve safety, to avoid more expensive infrastructure replacements in the future, and to reduce congestion or stem the expected increase in congestion created by failing roads. (Ord- 2012 -14 § 1, 2012) Amounts in thousands c c C a o C C a o c a o a E C1. 3 v E Q Q = LL E E u° a V U U Project Location J ` I ` ` v +� r 3 2015 1 2016 1 2017 2018 1 2019 2020 Transportation Benefit District Projects Annual Road Safety Upgrades Island -Wide Y Annual Roads Preservation Residential Streets 300 Island -Wide Gaps ROW Acquisition Island -Wide Y ..................... ............................... 300 1 0 1 0 1 0 1 0 0 Note:The purpose of the district is to improve and protect the city's long -term investment in its transportation infrastructure, to reduce the risk of transportation facility failure, to improve safety, to avoid more expensive infrastructure replacements in the future, and to reduce congestion or stem the expected increase in congestion created by failing roads. (Ord- 2012 -14 § 1, 2012) Amounts in thousands