AN ORDINANCE relating to affordable housing; authorizing the Director of the Office of Housing to enter into and administer an Interlocal Cooperation Agreement with King County, Pierce County, Snohomish County, and the cities of Bellevue, Issaquah, Kenmore, Kirkland, Mercer Island, Redmond, and Woodinville to create and operate a Regional Equitable Development Initiative Fund (REDI Fund) for the Puget Sound Region; and providing that 2015 appropriations for the REDI Fund shall automatically carry forward into the 2016 fiscal year.
Agenda Item five Council Bill 118583 Relating to affordable housing authorizing the Director of the House Office of Housing to enter into and administer an Interlocal Cooperation Agreement with King County, Pierce County, Snohomish County and the cities of Bellevue is a clerk in Moore, Kirkland, Mercer Island, Redmond and Woodinville to create and operate a regional Equitable Development Initiative fund for the Puget Sound region and providing that 2015 appropriations for the RDA fund shall automatically carry forward into the 2016 fiscal year. The committee recommends the bill pass. Thank you. This legislation follows passage of Council Resolution 31547 over a year ago, which committed the city's financial participation in the Regional Equitable Development Initiative Fund, which is a regional transit oriented development acquisition fund that will assist in the acquisition of land for future development of affordable housing or preservation of existing affordable housing at or near major transportation facilities. That resolution was followed by a budget action where we dedicated $1 million in 2015 and 2016 to this particular fund council. Bill 118583 includes an Interlocal agreement that authorizes the Office of Housing to execute that agreement with our other regional partners, including King Snohomish and Pierce Counties and the East Side cities of Bellevue, Redmond, Kirkland , Issaquah, Kenmore and Mercer Island and Woodinville. This particular legislation, Operation Operationalize, is one of the strategies recommended by the growing Transit Communities three year planning effort led by the Puget Sound Regional Council. The Ready Fund, as this is referred to, is also included as one of the recommendations in the HALA Advisory Committee recommendations to the Mayor and Council on Affordable Housing. Any questions or comments, please call the role on the passage of the bill. Back shot by Gordon Gonzalez. Harrell. Right. Licata. I Rasmussen and President Burgess high seven in favor nine opposed. The bill passes and the chair will sign it. The report of the Parks, Seattle Center, Libraries and Gender Pay Equity Committee. Please read Item six. The Report of the Park Seattle Center Libraries and Gender Pay Equity Committee Agenda Item six Resolution 31636 reaffirming the city's commitment to gender pay equity and expressing the city's intent to join 100% talent a regional gender pay equity initiative as a founding member and to help implement the initiative as a means to strengthen gender pay equity in