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ORDINANCE NO. 5 1 5 5
AN ORDINANCE OF THE CITY OF AUBURN, WASHINGTON, CREATING A NEW
SPECIAL REVENUE FUND FOR THE CITY OF AUBURN TO ACCOUNT FOR THE
RECEIPT OF MITIGATION AND IMPACT FEES, AS AUTHORIZED BY
COI/NCIL.
Whereas, the City has entered into agreements with
developers for mitigation fees; and the City has created a new
section of the City Code to collect school impact fees on
behalf of surrounding school districts;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF AUBURN,
WASHINGTON, DO ORDAIN AS FOLLOWS:
Section 1. There is hereby created a new City of Auburn
fund, to be known as the "Mitigation Impact Fund".
Section 2. Receipts into the "Mitigation Impact Fund"
will be from negotiated mitigation agreements between the City
and Developer. School impact fees will be treated in
accordance with Auburn City Code 19.02.
Section 3. Expenditures from the "Mitigation Impact
used to mitigate costs associated with the
Fund" will be
growth.
Section 4.
The Mayor is hereby authorized to implement
be necessary to carry
such administrative procedures as may
out the directions of this legislation.
Ordinance No. 5155
September 15, 1998
Page 1
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Section 5. This Ordinance shall take effect and be in
force five (5) days from and after its passage, approval and
publication, as provided by law.
INTRODUCED:
PASSED:
APPROVED:
October 19, 1998
October 19, 1998
October 19, 1998
CHARLES A .- BO~T~
MAYOR
ATTEST:
Dan"ielle E. Daskam,
City Clerk
APPROVED AS TO FORM:
Michael J. Reynolds,
City Attorney
Published:
Ordinance No. 5155
September 15, 1~8
Page 2
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