1985/12/12 Council Minutes - Laserfiche WebLink

486 December 12,1985 WHEREASincrease aco0010 Land the as proall Lad drys Com2)ny LeFas d above service and has proposed a o (2) year extension-of the with no ea n prices for 1906 a 55 to n 1987. would s be x in.the beat of then City accept.this proposal. s[ NOW,TIEEEeo1E BE IT RESOLVED COUNCIL OF THE CITY OF EVERETT, that he Mayor is 00rired to extendthe present contract for.two(0)years. Roll was called with all councilmen voting yes except councilman den who was excused. _Gip Motion carried. COUNCIL BILL NO.0511-126 EINAREADING: ORDINAnx levying a d the sale o real AN rty, providing for theuse ofsuch e; specifying effective date)preacribin9 procadu[ee for collection; and adopting Chapter 82.45 ECW. Councilman Overstreet stated in 1982 he Statex legislature r lzed counties and titres to impose a xclse t of .258 0'. sales f real pro0erties. The State a established a pool of funds which will be available for public work which x111 be loaned tothe local jurisdictions at a thCe a percent interest rate. In order to qualify for these publicoke loans, the local .�,. �s jod jurisdiction must have imposed he .258 excise to on the sale of 111 eal property. This tax is being introduced t make theses funds available t Everett. the City of Ev bet city and Snohomish County have passed this t except fortcities of Stanwood, Snohomish, Gold Ear,Lake Stevens and Everett. Councilman Michelson stated that he felt the Citizens.of Everett are I�S paying enough taxes and he opposes this measure.. Councilman Overstreet pointed out that the legislature has raised toe contribute x6120xes ,000 ich fund thithis pool and fund whether the Ereqverett will ired City a cantake advantage of the the loans of p Connie Kiva,1221 Madrona,sated that in these times of diminished revenuee,the Cityshould take advantage of the opportunity to rate. additi nalnwhich will provide beneficial projects end Programs for xthe citizens of Everett. the ale of 502 W ossa t it will increase the cosmoney or man Bale es real este.bot it is a doel lent way to rales moneer for any necessary city uervcte. t edo26 10000 everybody o[ later.ne es n gtherowth 26e t remittee r eenohomThe IE recommendation c which ftheecommi the at ma f fees. The sent ion ofxthe committee ee that time x t have growth management fees butincrease eel tate se tax ro opportunity fundio 9uforse t e necessaryinfrastructure.esthei tax provides e. an opportunity t the cresources 0the cityto their'bask advantage.