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4 <br /> 268 <br /> July 12,-1978 <br /> • <br /> A resosution of the City Council of the City of <br /> endorsing and <br /> stating its the rtatet forof ituti onal a otpermit t increment <br /> finan inWhereas,tax increment t. <br /> a City Council to <br /> III1.... ngto <br /> oof a specific area,end then to a <br /> ec tnled toaprr ate Investment sell bonds peened <br /> y off such <br /> of the <br /> property taxes on the pre-established redevelopmentdistrict, <br /> Hallow this is redevelopment projects becausit hem to be paid for without use of general tax revenues,and e <br />•' private development provides jobs and needed improvements for the commu- <br /> • Whereas,tax increment ed a <br /> my states, <br /> and is Pry widely used Oregon Constitution <br /> metropolitanthe Portland <br /> area,but is unavailable to Washington <br /> cities <br /> prand <br /> in the next <br /> Whereas, <br /> proposed <br /> le that dment be <br /> mdetothe M State Constitution to provide for such tax increment ment <br /> financing in this state, <br />:.. NOW,THEREFORE,BE IT RESOLVED BY THE CITY OF EVERETT: <br />`` Section rof the <br /> City <br /> hereby s� support for the Washington State Consti- <br /> tution <br /> odies a choose itax incrementfinancin <br /> al <br /> amendment and submit at to thet t the,and it urges the legislature to 1979e such a lection. n <br /> voters a e approve <br /> g election,io <br /> Section 2: That copies of the resolution should bees City Clerk <br /> to the Honorable Se Mardesich,oR beke the <br /> - <br /> maker,susan could,Diane ooWisa Audra., <br /> Gruger, Fortson,Sim• tins,Richard King,Paul Snrnoaanand Art Clemente.- <br /> Roll <br /> lemente. Nelson,Jon - <br /> who was as excused,called with all councilmen voting yes except Councilman Gipson <br /> Motion carried <br /> SENIOR CITIZEN EXEMPTION <br /> Mayor Moore said <br /> thordinance <br /> regarding transit t specifically state, <br /> shallthat no one e a <br /> ins this <br /> a <br /> been exemptions <br /> made to <br /> the past <br /> was gohad <br /> t notify these on of s and <br /> ould <br /> have to pay this transit tax.Blthis would <br /> started y <br /> unless the council changed the legislation to allow the exemption. <br /> Councilman Overstreet asked the city attorney of indeed the city in <br /> violation and <br /> ifso, <br /> how could this a circumvented to provide n ex- <br /> emption wr b <br /> tO be Cattttreplied t exemption could be oeld have <br /> [there was a question with auditor's <br /> office as to whether this was a gift is u old <br /> like to confer with the local state auditor prior to attempting this. -. <br /> ashy&if Mr talkaudlter <br /> council nextand if it sweeksforafvrst read rea ordinanceare an and bring it back to the <br />