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A. The Aberdeen city council shall have the authority to exercise the statutory powers set forth in Chapter 36.73 RCW.

B. The city finance director shall perform all financing and treasurer functions required by Chapter 36.73 RCW.

C. The city council 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). At a minimum, if a transportation improvement exceeds its original cost by more than twenty (20) percent, as identified in the original plan, a public hearing shall be held to solicit public comment regarding how the cost changes should be resolved.

D. The city council shall issue an annual report, pursuant to the requirements of RCW 36.73.160(2).

(Ord. 6614 § 3, Amended, 10/25/2017; Ord. 6531, Added, 09/12/2012)