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Ordinance Summary 24-984 & 985A§CITY OF S� Federal Way Centered on Opportunity ORDINANCE SUMMARY At their April 16, 2024 Regular Meeting the Federal Way City Council passed the following ordinance: ORDINANCE NO. 24-984 AN ORDINANCE of the City of Federal Way, Washington, relating to entering into a development agreement with Trent Development Inc. for the TC-3 properties pursuant to the provisions of Chapter 19.85 Federal Way Revised Code. ORDINANCE NO. 24-985 AN ORDINANCE of the City of Federal Way, Washington, designating the downtown tax increment area; setting a sunset date for the increment area; identifying the public improvements to be financed; imposing a deadline for commencement of construction; indicating the city's intent to issue bonds to finance public projects; providing that the increment area will take effect June 1, 2024; and providing for related matters. The full text of any ordinance is available by contacting the City Clerk Department at 253 835-2540 or ck@federalwaywa.gov. Copies will be provided upon request in accordance with the City's fee schedule. Dated: April 17, 2024 Stephanie Courtney, CMC; City Clerk Published Federal Way Mirror: April 19, 2024