In order to provide adequate, safe, and modern street infrastructure to serve the ongoing growth and economic development of the City of Bellevue (“City”), the City finds that an Arterial Street Improvement Program (“ASIP”) is necessary to fund the design and construction of street improvements and appurtenances within the City of Bellevue’s zoning jurisdiction (i.e., within the corporate city limits and the City’s extraterritorial jurisdiction (“ETJ”)). This program will provide a mechanism for collecting, managing and expending certain funds, as hereinafter more fully described to pay for the design and construction costs of such street improvements. Street improvements and appurtenances which are identified or proposed to be partially or wholly funded by ASIP shall be designated ASIP Fund Projects.
(Ord. 3844, § 2, passed 8-8-2016)