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HomeMy WebLinkAbout5207 RESOLUTION NO. 5 2 0 7 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AUBURN, WASHINGTON, AUTHORIZING THE CITY OF AUBURN TO IMPOSE A SALES AND USE TAX AS AUTHORIZED BY RCW 82.14.415 AS A CREDIT AGAINST STATE SALES AND USE TAX, RELATING TO ANNEXATIONS WHEREAS, this is not a new tax but a reallocation of the sales tax already collected by the state which will then be remitted to the City to assist with funding the cosfs of the newly annexed area; and WHEREAS, in accordance with Chapter 35A.14 RCW, on the 16�h day of January, 2007 and on the 16`h day of April, 2007, the City Council of the City of Auburn, Washington, passed its Resolution Numbers 4138 and 4176 respectively, calling for special elections to be held in connection with the primary election on August 21, 2007, at which election the question of annexation was presented to the voters of the Lea Hill Annexation Area; and WHEREAS, the notice of intenfion to annex was fled with the King County Boundary Review Board and subsequently approved; and WHEREAS, in accordance with Chapter 35A.14 RCW the annexation was put to a vote of the people in the annexation area on August 21, 2007; and WHEREAS, the King County Records, Elections and Licensing Services Division, on September 5, 2007, certified that the referendum had been approved by the voters; and WHEREAS, following a favorable vote on the annexation proposition, the City Council of the City of Auburn, Washington, adopted its Ordinance No. ------------------------ Resolution No. 5207 January 21, 2016 Page 1 of 1 6121, on September 17, 2007, annexing said Lea Hill Annexation Area, an annexation area that has a population of at least ten thousand people; and WHEREAS, the City Council of the City of Auburn, Washington, finds and determines that the projected cost of at least $6,370,756 to provide municipal services to the annexation area exceeds the projected general revenue estimated to be $3,694,864 that the City would otherwise receive from the annexation area on an annual basis; and WHEREAS, pursuant to RCW 82.14.415, the City is authorized, under the circumstances of this annexation, to impose a sales and use tax as authorized with that tax being a credit against the state tax. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF AUBURN, WASHINGTON, HEREBY RESOLVES AS FOLLOWS: Section 1. Purpose. The Auburn City Council does hereby authorize the City's Finance Director to set the threshold for imposing the sales and use tax credit at Two Million Six Hundred Seventy-six Thousand Dollars ($2,676,000.00) for the Lea Hill annexation area. Section 2. Implementation. The Mayor of the City of Auburn is hereby authorized to implement such administrative procedures as may be necessary to carry out the directions of this Resolution. Resolution No- 5207 January 21, 2016 Page 2 of 2 Section 3. Effective Date. This Resolution shall take effect and be in full force upon passage and signatures hereon. DATED and SIGNED THIS � DAY OF��..�u - , 2016. CITY OF AUBURN ATTEST: ANCY B C S, MAYOR ,�Q�,�t C f9�.�.� Danielle E. Daskam, City Clerk APPRO ED AS TO FORM: D el B. Heid, City Attorney ------------------------ Resolution No. 5207 January 21, 2016 Page 3 of 3