HomeMy WebLinkAbout6550 ORDINANCE NO. 6 5 5 0
AN ORDINANCE OF THE CITY COUNCIL OF THE
CITY OF AUBURN, WASHINGTON, ESTABLISHING
THE LOCAL SALES AND USE TAX RATE FOR
LOCAL REVITALIZATION FINANCING FOR 2015
WHEREAS, The City of Auburn ("City") enacted Ordinance 6301 on April
19, 2010, which established a local sales and use tax as provided for in Section
39.14.510 of the Revised Code of Washington ("RCW"); and,
WHEREAS, this tax is imposed in order to pay the debt service on Local
Revitalization Financing bonds in accordance with Chapter 39.14 RCW; and,
WHEREAS, Chapter 39.14 RCW provides that the City shall, from time to
time, adjust the tax rate so that it is set at the rate reasonably necessary to
receive the state contribution over 10 months, in accordance with RCW
82.14.510(3); and
WHEREAS, the Local Sales and Use Tax Rate is set at a rate to generate
approximately $250,000.00 between July 1, 2015 through June 30, 2016, for
Local Revitalization Financing.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF AUBURN,
WASHINGTON, DO ORDAIN as follows:
Section 1. The sales and use tax rate initially established in Section 3.2
of Ordinance 6301, and most recently amended by Ordinance No. 6494, is
hereby amended to .0214%, effective July 1, 2015.
Section 2. Implementation. The Mayor is hereby authorized to
implement such administrative procedures as may be necessary to carry out the
directions of this legislation.
Ordinance No. 6550
January 21, 2015
Page 1 of 2
i
Section 3. Severability. The provisions of this ordinance are declared to
be separate and severable. The invalidity of any clause, sentence, paragraph,
subdivision, section or portion of this ordinance, or the invalidity of the application
thereof to any person or circumstance shall not affect the validity of the
remainder of this ordinance, or the validity of its application to other persons or
circumstances.
Section 4. Effective date. This Ordinance shall take effect and be in
force five days from and after its passage, approval and publication as provided
by law.
FIRST READING: JAN 2 0 2015
SECOND READING: FEB -2 2015
PASSED: FEB -2 2015
APPROVED: FEB -2 2015
- �fan -
NANCY B-AILK, MAYOR
ATTEST:
k" �-O�
Danielle E. Daskam, City Clerk
APP VED S TO FORM
Daniel B. Hei ity torney
Published: �cQy
------------------------------
Ordinance No. 6550
January 21, 2015
Page 2 of 2