HomeMy WebLinkAboutOrdinance No. 0891CITY OF MEDINA
WASHINGTON
ORDINANCE NO. 891
AN ORDINANCE OF THE CITY OF MEDINA, WASHINGTON,
AMENDING SECTION 3.48.015 OF THE MEDINA MUNICIPAL
CODE TO ALLOW THE SECOND 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 82.46.035 to allow real estate excise
tax revenues to be used, within certain limits, for the operations and maintenance of existing
capital projects; and
WHEREAS, the City Council desires to amend MMC Section 3.48.015 to be consistent
with recently revised legislation;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MEDINA,
WASHINGTON, DO ORDAIN AS FOLLOWS:
Section 1. MMC Section 3.48.015 "Additional real estate tax imposed" Amended.
MMC Section 3.48.015 "Additional Real Estate Tax Imposed" is hereby amended (with legislative
revision marks) to read as follows:
Section 3.48.015 Additional real estate excise tax imposed.
In accordance with RCW 82.46.035, and in addition to the excise tax on the sale
of real property imposed by MMC 3.48.010, there is hereby imposed an excise tax
on each sale of real property located within the corporate limits of the city at the
rate of one - quarter of one percent of the selling price to be collected by the county
as described in RCW 82.46.060. Proceeds from this additional tax shall be
deposited in a separate account in a municipal capital improvements fund and
expended as authorized by law under RCW 82.46.035(5).
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.
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.
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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.
ATTEST /AUTHENTICA'1 ED:
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Ra hel Baker, City Clerk
Approved as to form:
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Kari L. Sand, City Attorney
Date Passed:
Date Published:
Date Effective:
10/08/2012
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Mayor