2016/11/02 Council Agenda Packet

EVERETT CITY COUNCIL AGENDA ITEM COVER SHEET 9 'ROJECT TITLE: A Resolution finding a Briefing COUNCIL BILL# substantial need for using the Proposed Action Originating Department Finance 101%limit factor under Consent Contact Person Susy Haugen Chapter 84.55 RCW with 11/2/16 Action Phone Number 425-257-8612 regard to the levying of regular First Reading FOR AGENDA OF 11/2/16 • property taxes-and-emergency Second-Reading medical services property Third Reading taxes, and authorizing the same Public Hearing to be used to fund the City Budget Advisory Initialed by: General Fund and the Department Head Emergency Medical Services CAA Fund Council President . Location Preceding Action Attachments Department(s) Approval,. • Council Briefing Resolution Finance 10/5/16,Public Hearing 10/19/16 Amount Budgeted -0- Expenditure Required -0- Account Number(s): Budget Remaining -0- Additional Required -0 • - DETAILED SUMMARY STATEMENT: RCW 84.55.0101 and 84.55.120 require that the legislative authority of a taxing district adopt a separate resolution or ordinance finding a substantial need to use the 101%limit factor in setting property taxes. This resolution fulfills the RCW requirements to use the 101%limit factor to levy 2017 property taxes. For the resolution to be approved, a minimum of a majority plus one of the Council must vote in support of the resolution. A public hearing regarding the 2017 Property Tax levy and the intent to use the 101%limit factor'. was held on October 19, 2016. RECOMMENDATION: Adopt A Resolution finding a substantial need for using the 101% limit factor under Chapter 84.55 RCW with regard to the levying of regular property taxes and emergency medical rvices property taxes, and authorizing the same to be used to fund the City General Fund and the Lmergency Medical Services Fund.