HomeMy WebLinkAbout2781 Establishing a Voter Approval Requirement to Utilize Banked Real Property Tax CapacityOrdinance No. 2781
AN ORDINANCE OF THE CITY OF PORT TOWNSEND
ESTABLISHING A VOTER APPROVAL REQUIREMENT TO
UTILIZE BANKED REAL PROPERTY TAX CAPACITY, AND
HEREBY ADDING A NEW CHAPTER 3.48, BANKED REAL
PROPERTY TAX CAPACITYmVOTER APPROVAL, TO TITLE
3, REVENUE AND FINANCE, OF THE PORT TOWNSEND
MUNICIPAL CODE
WHEREAS, by Resolution 01-040 (adopted September 6, 2001), the City
Council directed that the Jefferson County Auditor place a ballot measure on the
election to be held November 6, 2001, for the purpose of submitting to the qualified
electors of the city, the following proposition:
City of Port Townsend
Proposition No. 1:
Citizen Advisory Ballot Measure Regarding Voter Approval
Before Council Imposes Banked Capacity
The decision of the City Council to adopt zero percent (0 %) real
estate tax increases for the years 2000 and 2001 causes the City to
have "banked" or saved ability to raise real estate taxes by as much
as twelve percent (12%) (computed at 6% for each year a zero
percent increase was adopted) in a future year or years.
Do you sUpport the City Council obtaining voter approval before it
imposes upon real property any "banked" real property tax
capacity?
Yes
No.
WHEREAS, at the election on November 6, 2001, the voters of the City of
Port Townsend approved Proposition No. 1 by a vote of approximately ~0 percent;
and
Ord. 2781
WHEREAS, the City Council determines that, based on the results of the
approval of Proposition No. 1, that the City Council should establish and declare its
intention to obtain voter approval before it imposes upon real property any banked real
property tax capacity,
NOW, THEREFORE, the City Council of the City of Port Townsend ordains
as follows:
SECTION 1. There is hereby added to the Port Townsend Municipal Code a
new Chapter, Chapter 3.48, Banked Real Property Tax Capacity--Voter Approval, of
Title 3, Revenue and Finance, to read as follows:
3.48
Banked Real Property Tax Capacity--Voter Approval
Sections:
3.48.010
Citizen Advisory Ballot Measure Regarding Voter Approval
Before Council Imposes Banked Capacity
A. The City Council (by Resolution 01-040 passed September 6, 2001) directed
that the Jefferson County Auditor place a ballot measure on the election to be held
November 6, 2001, for the purpose of submitting to the qualified electors of the City,
the following proposition:
Citizen Advisory Ballot Measure Regarding Voter Approval Before
Council Imposes Banked Capacity
The decision of the City Council to adopt zero percent (0 %) real estate tax
increases for the years 2000 and 2001 causes the City to have "banked" or
saved ability to raise real estate taxes by as much as twelve percent (12%)
(computed at 6% for each year a zero percent increase was adopted) in a
future year or years.
Do you support the City Council obtaining voter approval before it
imposes upon real property any "banked" real property tax capacity?
Yes No.
B. At the election on November 6, 2001, the voters of the City of Port Townsend
approved Proposition No. 1 by a vote of approximately 70 percent.
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C. Based on the results of the approval of Proposition No. 1, the City Council
declares and establishes a requirement to obtain voter approval before it imposes upon
real property any banked real property tax capacity,
SECTION 2. Severability. If any provision of this ordinance or its application
to any person or circumstance is held invalid, the remainder of the ordinance, or the
application of the provision to other persons or circumstances is not affected.
This ordinance shall take effect and be in force five days after the date of its
publication in the manner provided by law.
Adopted by the City Council of the City of Port Townsend, Washington, at a
special meeting thereof, held this ~ day of /l~ove~/0~- , 2001.
Geoff Masci, Mayor
Attest:
Approved as to Form:
Pamela Kolacy, City Clerk
~Y
Ord. 2781