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HomeMy WebLinkAboutOrdinance No. 0745CITYOFMEDINAORDINANCENO745ANORDINANCEAMENDINGCHAPTER348OFTHEMEDINAMUNICIPALCODEiMPOSINGANADDiTiONALOUARTERPERCENTREALESTATEEXCISETAXTHECiTYCOUNCILOFTHECITYOFMEBINADOORDAINASFOLLOWSSECTION1ADDITIONALREALESTATEEXCISETAXChapter48isamendedbytheadditionofthefollowingsectionInaccordancewithRCW8246035andinadditiontotheexcisetaxonthesaleofrealpropertyimposedbySection348010thereisherebyimposedanexcisetaxoneachsaleofrealpropertylocatedwithinthecorporatelimitsofthecityattherateofonequarterofonepercent026ofthesellingpricetobecollectedbythecountyasdescribedinRCW8246060ProceedsfromthisadditionaltaxshallbedepositedinaseparsteaccoJntinamunicipalcapitalimprovementsfundandexpendedasauthorizedbylawunderRCW82460355SECTION2EFFECTIVEDATEThisordinanceshalltakeeffectfivedaysafteritspublicationorthepublicationofasummaryofitsintentandcontentsPASSEDBYTHECITYCOUNCILONTHIS2DAYOFNcvenher2002ANDSIGNEDINAUTHENTICATIONOFiTSPASSAGETHE12DAYOFXoYete2002DanilBeckerMayorOrd745 ApprovedastoformKirkRWinesCityAttorneyAttestCarollPWedlundCityClerkPassed11122CC2Filed10520C2PublishedEffectiveDate2720Ord745CarollFValuridamtheOilyClerkoamcaatrmexedheretoisOrdinanceNOiAn0rdiance3endingChater38othcedinaunicielCodeIposlngstAdditouanrtrprcetRealFstateEciselaxthetrueandofandqedadingtotheIofeWrdSL SUMMARYOFORDINANCENO745oftheCityofMedinaWashingtonANORDINANCEAMENDINGCHAPTER348OFTHEMEDINAMUNICIPALCODEIMPOSINGANADDITIONAL3UARTERPERCENTREALESTATEEXCISETAX2002ThefulltextofthisordinancewillbemaileduponrequestAPPROVEDbytheCityCouncilattheirmeetingofCar311PWedtundCityClerkOrd45