HomeMy WebLinkAbout1839Resolution No. 1839
(Amending or Repealing Resolutions)
CFN = 104 -Finance
Passed -2/15/2011 ·
Tax Credit Threshold Panther Lake Annexation
RESOLUTION NO.____,_/-';____,_,,:::...;;;_· ':::...! __
A RESOLUTION of the City Council of the
City of Kent, Washington, authorizing the City of
Kent to impose a sales and use tax as authorized
by RCW 82.14.415 as a credit against state sales
and use tax, relating to annexations, and
authorizing the city's Finance Director certify the
thl-eshold amount for the 2011 fiscal year.
RECITALS
A. This is not a new tax, but a reallocation of the sales tax
already collected by the state which will then be remitted to the City to
assist with funding the costs of the newly annexed area.
B. After providing all appropriate notice and following appropriate
procedure, and following a favorable vote on the annexation proposition,
the Kent City Council adopted its Ordinance No. 3936 on December 8,
2009, approving the Panther Lake Annexation Area effective July 1, 2010.
The population within the annexation area is 25,458 people.
C. The
determines that
City Council of the
the projected cost
City of l<ent, Washington, finds and
of at least $11,142,127 to provide
municipal services to the annexed area exceeds the projected general
revenue estimated to be $6,611,754 that the City would otherwise receive
from the annexation on a fiscal year basis.
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D. Pursuant to RCW 82.14.415, the City of Kent is authorized,
undel-the circumstances of this annexation, to impose a sales and use tax
for the next state fiscal year, which shall be collected from those persons
who are taxable by the state under Chapters 82.08 and 82.12 RCW, upon
the occurrence of any taxable event within the city, with that tax being a
credit against the state tax.
E. The rate of tax imposed shall be 0.2 percent, and shall be in
addition to other taxes authorized by law, and the threshold amount for the
next (second) state fiscal year following the annexation and adoption of the
tax is as follows: $4,530,373.
NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF KENT,
WASHINGTON, DOES HEREBY RESOLVE AS FOLLOWS:
RESOLUTION
SECTION 1. -Rate and Threshold Amount. The city of Kent will
continue the sales and use tax rate to offset municipal services costs to the
city's newly annexed Panther Lake Annexation al-ea at 0.2 percent, which
shall be in addition to other taxes authorized by law. The threshold amount
for the Panther Lake Annexation for the next (2011) state fiscal year
following the annexation and adoption of the tax is as follows: $4,530,373.
SECTION 2. -!mplementi'Jtiao. The Mayor of the City of Kent is
hereby authorized to implement such administrative procedures as may be
necessary to carry out the provisions of this Resolution.
SECTION 3. -Severabilitv. If any section, subsection, paragraph,
sentence, clause or phrase of this resolution is declared unconstitutional or
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APPROVED AS TO FORM:
~ w. f!)i;llctL_"'-
T BRUB I<ER, CITY ATIORNEY
I hereby certify that this is a true and cor-rect copy of Resolution No.
passed by the City Council of the City of l<ent, Washington, the
.. day of; :A::lJ.·icl;>·"'Lf , 2011. -L~-· I
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' BRENDA JACOBE~,.fiTY CLERI<
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invalid for any reason, such decision shall not affect the validity of the
remaining portions of this resolution.
SECTION 4. -Ratification. Any act consistent with the authority
and prior to the effective date of this resolution is hereby ratified and
affirmed.
SECTION 5. -Corrections bv Citv Clerk or Code Reviser. Upon
appwval of the City Attorney, the City Clerk and the code reviser are
authorized to make necessary corrections to this resolution, including the
correction of clerical erro1·s; references to other local, state or federal laws,
codes, rules, or regulations; or resolution numbering and
section/subsection numbering.
SECTION 6. -Effective Date. This 1·esolution shall take effect and
be in force immediately upon its passage.
PASSED at a regular open public meeting
' . t City of Kent, Washington, this /h day of ~-LhcJ~.0c:~'c'J~-' 2011.
: r''
CONCURRED in by the Mayor of the City of Kent this /.:;1 day of
' 2011.
ATTEST:
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