HomeMy WebLinkAboutOrdinance No. 0890CITY OF MEDINA
WASHINGTON
ORDINANCE NO. 890
AN ORDINANCE OF THE CITY OF MEDINA, WASHINGTON,
AMENDING SECTION 3.48.040 OF THE MEDINA MUNICIPAL
CODE TO ALLOW THE FIRST QUARTER PERCENT OF REAL
ESTATE EXCISE TAX REVENUES TO BE USED, WITH SOME
CONDITIONS, FOR OPERATIONS AND MAINTENANCE OF
EXISTING CAPITAL PROJECTS; PROVIDING FOR
SEVERABILITY; AND ESTABLISHING AN EFFECTIVE DATE
WHEREAS, the Legislature in 2011 amended RCW 82.46.010 to allow real estate excise
tax revenues to be used, within certain limits, for the operations and maintenance of existing
capital projects; and
WHEREAS, MMC Section 3.48.040 currently provides that real estate excise tax
revenues collected are to be used for capital improvements; and
WHEREAS, the City Council desires to amend Section 3.48.040 to be consistent with
recently adopted legislation authorizing that revenues collected from real estate excise tax be
available for operations and maintenance of existing capital improvement projects;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MEDINA,
WASHINGTON, DO ORDAIN AS FOLLOWS:
Section 1. MMC Section 3.48.040 "Distribution of proceeds - Limitations on use"
Amended. MMC Section 3.48.040 "Distribution of Proceeds — Limitations on Use" is hereby
amended (with legislative revision marks) to read as follows:
3.48.040 Distribution of proceeds - Limitations on use.
B. The remaining proceeds from the city tax imposed herein shall be distributed to
the city monthly and shall be placed in the municipal capital improvement fund
which is created and is to be known as the "real property excise tax fund." This
capital improvements fund shall be used by the city as authorized by RCW
82.46.010, as now enacted or hereafter amended.
Section 2. Ratification and Confirmation. Actions taken prior to the effective date of
this Ordinance that are consistent with it are hereby ratified and confirmed.
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Section 3. Severability. If any section, sentence, clause, or phrase of this ordinance
should be held to be invalid or unconstitutional by a court of competent jurisdiction, such invalidity
or unconstitutionality shall not affect the validity of any other section, sentence, clause, or phrase
of this ordinance.
Section 4. Effective Date. This ordinance shall take effect five (5) days after its
publication or the publication of a summary of its intent or contents.
PASSED BY THE CITY COUNCIL ON THIS 8th DAY OF OCTOBER, 2012 AND
SIGNED IN AUTHENTICATION OF ITS PASSAGE ON THE 8th DAY OF OCTOBER,
2012.
CITY OF MEDINA
Mayor
A'1`1'EST /AUT}- NTICATED:
Rac »el Baker, City Clerk
Approved as to form:
Kari L. Sand, City Attorney
Date Passed: 10/08/2012
Date Published: t c ( it (20 ( 2
Date Effective:
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