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Ordinance No. 0409
CITYOFMEDINAORDINANCENO409REOEIVEtllSDAYIYTHEDViSIONORDINANCEIMPOSINGANEXCISETAXONSALESOFREALESTATEWITHINTHECITYOFMEDINAWASHINGTONPROVIDINGFORTHECOLLECTIONTHEREOFLIMITINGTHEUSEOFTHEPROCEEDSTHEREFROMANDFIXINGPENALTIESFORTHEVIOLATIONTHEREOFTHECITYCOUNCILOFTHECITYOFMEDINADOORDAINASFOLLOWSSECTIONIImpoSitionofRealEstateExciseTaxThereisherebyimposedataxOfonequarterofonepercent25OfthesellingpriceoneachsaleofrealpropertywithinthecorporatelimitsoftheCityOfMedinaSECTIONIITaxableEventsTaxesimposedhereinshallbecollectedfrpersonswhoaretaxablebythestateunderchapter8145RCWandchapter45861WACupontheoccurrenceOfanytaxableeventwithinthecorporatelimitsoftheCityofMedinaSECIONIIIConsistencyofStateTaxThetaxesimposedhereinshallCOmplywithallapplicablerulesregulationslawsandCourtdecisionsregardingrealestateexcisetaxesasimposedbythestateunderchapter8245RCWandchapter45861WACTheprovisionsofthosechapterstotheextenttheyarenotinconsistentwiththisordinanceshallapplyasthoughfullysetforthhereinSECTIONIVDistributionofTaxProceedsandLimitingtheUseThereof1TheKingCountyTreasurershallplaceonepercent1oftheproceedsofthetaximposedhereinintheKingCountyCurrentExpenseFundtodefraycostsofcollectionlTheremainingproceedsfrOmtheCitytaximposedhereinshallbedistributedtotheCitymonthlyandshallbeplacedintheMunicipalCapitalImprovementFundwhichisherebycreatedandistobeknownastheRealPropertyExciseTaxFundThesecapitalimprovementsfundsshallbeusedbytheCityforlocalimprovementsincludingthoselistedinRCW35430403ThissectionshallnotlimittheexistingauthorityoftheCitytoimposespecialassessmentsonpropertybensiltedtherebyinthemannerprescribedbylawSECTIONVSellersobligationThetaxesimposedhereinaretheObligationofthesellerandmaybeenforcedthroughtheactionOfdebtagainstthesellerorinthemannerprescribedfortheforeclosureofmortgagesSECTIONVILienProvisionsThetaxesimposedhereinandanyinterestorpenaltiesthereonareaspecificlienuponeachpieceOfrealpropertysoldfrOmthetimeofsaleoruntilthetaxispaidwhichlienmaybeenforcedinthemannerprescribedfortheforeclosureofmortgagesResorttoonecourseofenforcementisnotanelectionnottopursuetheother SECTIONVIINotationofpaymentThetaxesimposedhereinshallbepaidtoandcollectedbytheKingCountyTreasurerTheKinCountyTreasurershallactasagentfortheCityOfMadinnTheKingCountytreasurershallcauseastampevidencingsatisfactionofthelientobeaffixedtotheinstrumentofsaleorconveyancepriortoitsrecordingortotherealestateexcisetaxaffidavitinthecaseofusedmobilehomeslaesAreceiptissuedbytheKingCountyTreasurerforthepaymentofthetaximposedhereinshallbeevidenceofthesatisfactionofthelienimposedinSectionVIofthisordinanceandmayberecordedinthemannerprescribedforrecordingsatisfactionsofmortgagesNOinstrumentofsaleorconveyanceevidencingasalesubjecttothetaxmaybeacceptedbytheKinCountyAuditorforfilingorrecordinguntilthetaxispaidandthestampaffixedtheretoincasethetaxisnotdueonthetransfertheinstrumentshallnotbeaccepteduntilsuitablenotationofthisfactismadeontheinstrumentbytheKingCountyTreasurerSECTIONVIIIDatepayableThetaximposedhereundershallbecomedueandpayableimmediatelyatthetimeofsaleandifnotsopaidwithinthirty30daysthereaftershallbearintereetattherateofonepercent1permonthfromthetimeofsaleuntilthedateofpaymentSECTIONIXExcessiveandImproperPaymentsIfuponwrittenapplicationbythetaxpayertotheKinCountyTreasurerforarefunditappearsataxhasbeenpaidinexcessoftheamountactuallydueoruponasaleorothertransferdeclaredtobeexemptsuchexcessamountorimproperpaymentshallberefundedbytheKinGCountyTreasurertothetaxpayerzPROVIDEDthatnorefundshallbemadeunlessthestatehasfirstauthorizedtherefundofanexcessiveamountoranimproperamountpaidunlesssuchimproperamountwaspaidasaresultofamiscalculationAnyrefundmadeshallbewithheldfromthenextmonthlydistributiontotheCityofMedinaSECTIONXPenaltiesAnypersonwhofailsorrefusestopaythetaxasrequiredwiththeintenttoviolatetheprovisionsofthisordinanceortogainsomeadvantageorbenefiteitherdirectorindirectshallbeguiltyofamisdemeanoranduponconvictionthereofshallbefinednomorethan500orimprisonedfornotmorethansix6monthsorpunishedbybothsuchfineandimprisonmentSECTIONXISeverabilityIfanyprovisionoritsapplicationtoanypersonorcircumstanceisheldinvalidtheremainderoftheordinanceortheapplicationoftheprovisiontootherpersonsorcircumstancesshallnotbeaffectedSECTIONXIICodeReferenceSectionIthroughXIhereofshallconstituteSections225010through225110AllothersectionshereofshellbeconsideredofspecialortemporaryeffectSECTIONXIIIEffectiveDateTheOrdinanceshalltakeeffectfromandafterthe15thdayofApril1985PASSEDBYAFFIRMATIVEVOTESOFAAJORITYOFTHECITYCOUNCILONTHE8THDAYOFAPRIL1985ANDSIGNEDINAUTHENTICATIONOFSUCHPASSAGETHESAMEDAy GnGriffApprovedastoformKirkRWinesCityAttorneyAttest CITYOFMEDINALIMITEDTAXGENERALOBLIGATIONBONDANTICIPATIONNOTES1985102000ANORDINANCEOFTHECITYCOUNCILOFTHECITYOFNEDINAWASHINGTONADOPTINGAPLANOFADDITIONSANDALTERATIONSTOTHEClTYSSYSTEMOFSEWERAGEAUTHORIZINGTHEISSUANCEANDSALEOFBONDANTICIPATIONNOTESOFTHECITYINTHEAGGREGATEPRINCIPALAMOUNTOF102000FORTHEFURPOSEOFPROVIDINGFUNDSTOCARRYOUT8UCpLANAUTHORIZINGTHEISSUANCEOFLIMITEDTAXLEVYGENERALOBLIGATIONBONDSTOPAYANDREDEEMSUCHNOTESPROVIDINGTHEFORMTEEMSCOVENANTSOFTENOTESTOBEISSUEDCREATINGABONDREDETIONFUNDANDANOTEREDEMPTIONACCOUNTTHEREINCREATINGACONSTRUCTIONFUNDACCEPTINGANOFFERTOPURCRASESAIDNOTESFROMPEOPLESNATIONALBAOFWASHINGTONPASSEDAugust121985PreparedbyPRESTONTHORGRIMSONELLISHOLMAN2000IBMBuildingPOBox2927SeattleWashington98111 TABLE0ECONTENTSRecitalsSection1Section2Section3Section4Section5Section6Section7Section8Section9Section10Section11Section12Section13Section14Section15Section16Section17Section18Page1Definitions2AuthorizationoftheProject3EstimatedCostandSourcesofFunds4AuthorizationoftheBonds4Authorizationofthe1985Notes5NoRightofPriorRedemption5ConstructionFund5BondRedemptionFundandNoteRedemptionAccount6ApplicationofNoteProceeds5Paymentofthe1985Notes6Formofthe1985Notes7ExecutionoftheNotes9LostorDestroyedNotes91985NotesNotArbitrageBonds9Saleofthe1985Notes10Severability10Ratification10EffectiveDate11ThisTableofContentsandtheprecedingcoverpagearenotpartoftheordinanceTheyareprovidedforconvenienceefthereaderonly