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lr <br /> E' L1 C� b` + hIVEMC`©` F1 tt <br /> 1 <br /> / <br /> PROJECT TITLE: <br /> A Resolution finding a substantial Consent COUNCIL BILL# <br /> need for using the 101% limit x Action Originating Department Finance <br /> factor under Chapter 84.55 RCW First Reading Contact Person Debra Bryant <br /> with regard to the levying of Second Reading Phone Number X1980 <br /> general and emergency services Third Reading FOR AGENDA OF 10/27/04 <br /> property taxes and authorizing the <br /> same. Public Hearing <br /> Initialed by: <br /> Department Head <br /> CAA <br /> Council President 9' <br /> Location Preceding Action Attachments Department(s)Approval <br /> Property Tax Resolution <br /> Amount Budgeted <br /> Expenditure Required Account Number(s): <br /> Budget Remaining <br /> Additional Required <br /> DETAILED SUMMARY STATEMENT: RCW 84.55.0101 and 84.55.120 require that the legislative <br /> authority of a taxing district adopt a separate resolution or ordinance finding a substantial need to use the <br /> 101% limit factor in setting property taxes. This resolution fulfills the RCW requirements to use the 101% <br /> limit factor to levy 2005 general and emergency services property taxes. <br /> RECOMMENDATION: Adopt the resolution finding a substantial need for using the 101% limit factor <br /> under Chapter 84.55 RCW with regard to the levying of general and emergency services property taxes and <br /> authorizing the same. <br /> 67 <br />