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WHEREAS, the ILA states that the parties intend that the ILA serves as a <br /> framework for all participating municipalities within the broader SKHHP Sphere of <br /> Influence to do the aforementioned work; and <br /> WHEREAS, on July 26, 2019 the SKHHP Executive Board adopted Resolution <br /> 2019-05 which urges member cities to declare their intent to enact the provisions of HB <br /> 1406; and <br /> WHEREAS, Resolution 2019-05 states that the Executive Board commits to <br /> developing options and a recommendation, including for the proposed pooling of funding, <br /> that details funding commitments for each member city's legislative authority to consider <br /> for future subsequent action; and <br /> WHEREAS, HB 1406 is a powerful and meaningful funding source to further <br /> advance the efforts of the housing objectives established through the ILA that, if pooled, <br /> will generate approximately $1,000,000 per year for the eligible 20 year period (See <br /> Attachment A); and <br /> WHEREAS, the Executive Board adopts the recommendations contained within <br /> this resolution as a unified statement of support by SKHHP member cities. <br /> NOW, THEREFORE, THE EXECUTIVE BOARD RESOLVES as follows: <br /> Section 1. The Executive Board of SKHHP urges all member cities to pool the <br /> base sales tax credit revenues collected under HB 1406 and to allocate the full amount <br /> of those revenues to SKHHP. <br /> Section 2. In order to maximize HB 1406 funding within King County, the <br /> Executive Board of SKHHP urges all member cities to take Ordinance action on HB 1406 <br /> after King County takes action. <br /> Resolution No. 2019-06 <br /> November 22, 2019 <br /> Page 2 of 4 Rev.2019 <br />