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Redmond council studies Capital Facilities Plan 2050 funding strategy, timelines for Overlake and teen center projects
Summary
Council President Kim Kritzer convened the Redmond City Council study session on Oct. 28 where staff presented the Capital Facilities Plan (CFP) 2050 for general government and outlined a financial strategy that could include grouped bond issuances to fund a portfolio of priority projects.
Council President Kim Kritzer convened the Redmond City Council study session on Oct. 28 where staff presented the Capital Facilities Plan (CFP) 2050 for general government and outlined a financial strategy to fund prioritized projects.
The plan, prepared to update the city’s adopted Redmond 2050 capital facilities element, forecasts future facility needs using the 2050 growth targets, identifies potential expansion and siting opportunities and analyzes funding options, staff said. Lorraine Hamilton, Redmond’s parks and recreation director, noted the draft CFP had been reviewed by the Planning Commission and included recommendations for added climate resiliency language. Cameron Zapata, senior park planner, told the council that the commission had asked staff to add climate vulnerability assessments, resilient-materials language,…
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