HomeMy WebLinkAbout1871Resolution No. 1871
(Amending or Repealing Resolutions)
Tax Credit Threshold Panther Lake Annexation
Passed-2/19/2013
The date [" Begmmng July 1, 1998"] has led to confus1on Th1s date w1ll be deleted from cover sheets of
ordmance/resolut1on rev1s1on pages This cover sheet Will be deleted on electronic pages only, no other
deletions or changes have been made to the document-6/21/2012
RESOLUTION NO. /1?7/
A RESOLUTION of the City Council of the
City of Kent, Washington, authorizing the City of
Kent to 1mpose a sales and use tax as authonzed
by RCW 82.14.415 as a credit agamst state sales
and use tax, relatmg to annexations, and
authorizing the c1ty's Fmance Director to certify the
threshold amount for the 2013 fiscal year.
RECITALS
A. This is not a new tax, but a reallocation of the sales tax
already collected by the state, wh1ch will then be remitted to the City to
ass1st with fundmg the costs of the newly annexed area.
B. After providing all appropriate notice and following appropriate
procedure, and followmg a favorable vote on the annexation propos1t1on,
the Kent City Council adopted 1ts Ord1nance No. 3936 on December 8,
2009, approvmg the Panther Lake Annexation Area effective July 1, 2010.
The populat1on w1thm the annexation area determmed at the time of
annexation was 25,458 people.
C. On February 15, 2011, the City adopted Resolution No. 1839
authonzing the City of Kent to impose a sales tax and use tax as
authonzed by RCW 82.14.415 as a credit aga1nst state sales and use tax,
relatmg to annexations, and authonzmg the c1ty's fmance director to certify
the threshold amount for the 2011 fiscal year.
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Panther Lake Annexation
D. On February 7, 2012, with Resolution No. 1853, the City
authorized the imposition of s1m11ar annexation sales and use taxes for the
2012 f1scal year.
E. With this Resolution, the City authorizes the imposition of
similar annexat1on sales and use taxes for the 2013 fiscal year.
F. The City Council of the City of Kent, Washington, finds and
determines that the proJected cost to provide muniCipal serv1ces to the
annexed area will be at least $11,743,932, and that cost exceeds the
projected general revenue est1mated to be $7,992,069 that the City would
otherwise rece1ve from the annexation on a f1scal year bas1s.
G. Pursuant to RCW 82.14.415, the City of Kent 1s authorized,
under the circumstances of th1s annexat1on, to Impose a sales and use tax
for the next state fiscal year, wh1ch 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 bemg a
credit agamst the state tax.
H. 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 (th1rd) state f1scal year followmg the annexation and adoption of the
tax IS as follows: $3,751,863.
NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF KENT,
WASHINGTON, DOES HEREBY RESOLVE AS FOLLOWS:
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Panther Lake Annexation
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
c1ty's newly annexed Panther Lake Annexat1on area at 0.2 percent, which
shall be m add1t1on to other taxes authorized by law. The threshold amount
for the Panther Lake Annexation for the state fiscal year 2013 is
$3,751,863.
SECTION 2. -Implementation and certification. The Mayor of the
City of Kent IS authorized to implement adm1n1strat1ve procedures as may
be necessary to carry out the prov1s1ons of th1s Resolution. The City's
finance director is authonzed to cert1fy the amount for the 2013 fiscal year
to the appropnate agenc1es within the State of Washmgton.
SECTION 3. -Severability. If any section, subsection, paragraph,
sentence, clause or phrase of th1s resolution IS declared unconstitutional or
mval1d for any reason, such dec1sion shall not affect the val1d1ty of the
remammg portions of this resolution.
SECTION 4. -Savmgs. Resolution No. 1853 shall remain in full
force and effect until the effect1ve date of th1s Resolution.
SECTION 5. -RattftcatJOn. Any act consistent w1th the authonty
and pnor to the effective date of th1s resolution is hereby rat1f1ed and
affirmed.
SECTION 6. -Corrections by City Clerk or Code Reviser. Upon
approval of the City Attorney, the City Clerk and the code reviser are
authonzed to make necessary corrections to this resolution, mcludmg the
correction of clencal errors; references to other local, state or federal laws,
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Panther Lake Annexation
codes, rules, or regulations; or resolution numbering and
section/subsection numbenng.
5ECTION 7. -Effective Date. This resolution shall take effect and
be in force immediately upon 1ts passage, however the Imposition of the
sales and use taxes for the 2013 state f1scal year authonzed by th1s
Resolution shall not take effect until the commencement of that f1scal year.
PASSED at a regular open public meeting by the City Council of the
City of Kent, Washmgton, this /fd:. day of N--brf...I?Vv-!:J , 2013.
CONCURRED in by the Mayor of the City of Kent th1s /tj't£ day of
&brva.;r'J , 2013.
ATTEST:
APPROVED AS TO FORM:
Ti~l?t.~b
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I hereby certify that this is a true and correct copy of Resolution No.
/7!7( passed by the City Council of the City of Kent, Washington, the
/.ftl' day of hht/aff'!J , 2013.
P \Civii\Resolutlon\Annexatlon Sales Tax Threshold2013 docx
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Panther Lake Annexation