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• <br /> ORDINANCE NO. 2251-97 <br /> AN ORDINANCE ELIMINATING THE B&O TAX SURCHARGE IMPOSED FOR CIP 1 <br /> AND REPEALING SECTION 5 OF ORDINANCE No. 1960-93 (EMC 3.24.050) <br /> WHEREAS, the Everett City Council established Capital Improvements Program <br /> Number 1 by adopting Ordinance No. 1420-87 which provided for a $30 million capital <br /> improvements program; and <br /> WHEREAS, the funding for CIP I projects was designated to come from certain taxes as <br /> described in Ordinance No. 1420-87 to include an additional B&O tax, an additional <br /> Utility tax and an additional Gambling tax; and <br /> WHEREAS, these taxes were to be imposed through 2003 to provide sufficient funds to <br /> accomplish the capital improvements; and <br /> WHEREAS, favorable economic conditions and construction management of the <br /> projects will enable the City to repeal these additional taxes earlier than anticipated; and <br /> WHEREAS, Ordinance Numbers 1960-93 (Section 5), 1419-87 and 1418-87 specifically <br /> enacted these additional taxes; <br /> NOW, THEREFORE, THE CITY OF EVERETT DOES ORDAIN: <br /> Section 1: Section 5 of Ordinance No. 1960-93 (EMC 3.24.050) is repealed in its <br /> entirety; <br /> Section 2: This ordinance shall take effect January 1, 1998. <br /> Section 3: Nothing contained herein shall be construed as abating any action now <br /> pending under or by virtue of the section of the ordinance herein repealed; <br /> or as discontinuing, abating, modifying or altering any tax liability or any <br /> tax owing or assessed under or by virtue of the section of the ordinance <br /> herein repealed; or as discontinuing, abating, modifying or altering any <br /> penalty accrued or to accrue; or as affecting the right or liability of any <br /> person, firm or corporation, or as waiving any right of the City under any <br /> City ordinance or provision there•f in force at the time of passage of this <br /> ordinance. / <br /> / <br /> E. - s _Teri, Mayor <br /> ST: nl• <br /> auladJ <br /> City Clerk <br /> Passed: 11/26/97 <br /> Valid: 12/03/97 <br /> Effective: 01/01/97 <br /> Published: 12/12/97 <br />