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HomeMy WebLinkAboutRES 4036CITY OF RENTON, WASHINGTON RESOLUTION NO. 4036 A RESOLUTION OF THE CITY OF RENTON, WASHINGTON, AUTHORIZING THE CITY OF RENTON 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, state law authorizes the reallocation of the sales tax already collected by the state to be remitted to the City to assist with funding the costs of certain newly annexed areas; and WHEREAS, in accordance with Chapter 35A.14 RCW, the City Council of the City of Renton, Washington, called for a special election to be held, at which election the question of annexation was presented to the voters of the Benson Hill Communities Annexation Area; and WHEREAS, the notice of intention to annex was filed 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; and WHEREAS, the King County Records, Elections and Licensing Services Division certified that the annexation had been approved by voters; and WHEREAS, following a favorable vote on the annexation proposition, the City Council of the City of Renton, Washington, adopted its Ordinance annexing said Benson Hill Communities Annexation Area, an annexation area that has a population of at least ten thousand (10,000) people; and RESOLUTION NO. 4036 WHEREAS, the City Council of the City of Renton, Washington, finds and determines that the projected true and actual costs to provide municipal services to the annexation area exceeds the projected true and actual general revenue that the City would receive from the annexation area by Two Million Five Hundred Thousand dollars ($2,500,000) for the state fiscal year starting July 1, 2010 through June 30, 2011; 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 RENTON, WASHINGTON, DOES RESOLVE AS FOLLOWS: SECTION I. The above recitals are found to be true and correct in all respects. SECTION II. Purpose. The City Council of the City of Renton, Washington, does hereby determine the City's projected net costs in providing municipal services to the Benson Hill Communities Annexation Area are in the amount of Two Million Five Hundred Thousand Dollars ($2,500,000) and that a tax rate of One-tenth percent (0.1%) shall be imposed to assist the City in providing municipal services to the area. SECTION III. Implementation. The Mayor is hereby authorized to implement such administrative procedures as may be necessary to carry out the directions of this Resolution. SECTION IV. Effective Date. This Resolution shall take effect and be in full force upon passage and signatures hereon. RESOLUTION NO. 4036 PASSED BY THE CITY COUNCIL this 22nd day of February 2010. Bonnie I. Walton, City Clerk APPROVED BY THE MAYOR this 22nd day of February ., 2010. Denis Law, Mayor Approved as to form: Lawrence J. Warren, City Attorney RES:1441:2/2/10:scr