Ordinance 3539-17 - Laserfiche WebLink

eloea EL/&F1 ORDINANCE NO. 3539-17 AN ORDINANCE imposing a local sales and use tax to be credited against the State Sales and Use Tax for purposes of utilizing Local Infrastructure Financing under Chapter 39.102 of the RCW; and providing for other matters relating thereto. WHEREAS, in 2006 the State Legislature authorized a Local Infrastructure Financing Tool ("LIFT Tax") program as set forth in Chapter 39.102 of the RCW which authorizes the imposition of local sales and use tax to be credited against the taxes otherwise due to the State under Chapters 82.08 and 82.12 of the RCW, resulting in no net change in tax rate to the taxpayer; WHEREAS, on June 13, 2007, the City Council the adopted Ordinance No. 2997-07 establishing a Revenue Development Area ("RDA") as required under RCW 39.102.060, for the purpose of financing public improvements located within the RDA; and WHEREAS, on September 13, 2007, Community Economic Revitalization Board (the 'Board") approved the City's application granting a project award of up to $500,000 annually in State contribution of sales and use tax for up to 25 years; and WHEREAS, on August 26, 2009 the City Council adopted Resolution No. 6178 selecting 0.02951%as the rate of sales and use tax to be imposed under RCW 82.14.475; and NOW, THEREFORE, THE CITY OF EVERETT, DOES ORDAIN: Section 1.Definitions. Capitalized terms not otherwise defined in this ordinance have the meanings given in RCW 39.102.020, or as hereafter amended. Section 2. Findings. The City Council of the City of Everett, (the "City"),hereby makes the following findings and determinations: