HomeMy WebLinkAbout4745 Ordinance - Creating PMC 3.265 Affordable Housing Tax FundOrdinance Creating PMC Chapter 3.265 Affordable Housing Tax Fund - 1
ORDINANCE NO. 4745
AN ORDINANCE OF THE CITY OF PASCO, WASHINGTON,
ESTABLISHING A SPECIAL REVENUE FUND FOR THE
AFFORDABLE HOUSING TAX FUND AND CREATING A NEW
CHAPTER 3.265, “AFFORDABLE HOUSING TAX FUND”, IN THE
PASCO MUNICIPAL CODE.
WHEREAS, the City adopted Resolution No. 3937 on January 21, 2020, declaring
the intent to adopt legislation to authorize the use of a portion of the sales and use tax for
affordable and supportive housing in accordance with RCW 82.14.540; and
WHEREAS, the City adopted Ordinance No. 4495 on July 20, 2020, imposing
the sales and use tax upon every taxable event within the City of Pasco; and
WHEREAS, the City desires to establish a dedicated special revenue fund to
accumulate tax revenue solely dedicated for affordable housing purposes in a transparent
and accountable manner; and
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PASCO,
WASHINGTON, DO ORDAIN AS FOLLOWS:
Section 1: The City Council does hereby incorporate the above “Whereas” recitals
as findings in support of this Ordinance.
Section 2. That a new Chapter 33.265 entitled “Affordable Housing Tax Fund” of
the Pasco Municipal Code, which establishes the fund for the purpose of accumulating
resources for affordable housing purposes in a transparent and accountable manner, shall
be and hereby is created and shall read as follows
Chapter 3.265
AFFORDABLE HOUSING TAX FUND
Sections:
3.265.010 Created.
3.265.020 Purpose.
3.265.030 Intent.
3.265.010 Created.
There is established a fund to be called the Affordable Housing Tax Fund. The fund
shall accumulate sales tax funds collected from the Department of Revenue up to
the annual maximum capacity. All interest that is attributable to money in the fund
shall be deposited and credited to the fund.
Ordinance Creating PMC Chapter 3.265 Affordable Housing Tax Fund - 2
3.260.020 Purpose.
The City may use the moneys collected by the tax imposed for the following
purposes:
(1) Acquiring, rehabilitating or constructing affordable housing, which may
include new units of affordable housing within an existing structure of facilities
providing supportive housing services; and
(2) Providing the operations and maintenance costs of new units of affordable
or supportive housing; and
(3) Providing rental assistance to tenants.
3.260.020 Intent.
The housing and services provided under this chapter may only be provided to
persons whose income is at or below 60 percent (60%) of the median income of the
City.
The tax imposed by the City will expire 20 years after the date on which it was
imposed by Ordinance No. 4495 unless extended by State law.
Section 3. Severability. If any section, subsection, sentence, clause, phrase or
word of this Ordinance should be held to the invalid or unconstitutional by a court of
competent jurisdiction, such invalidity or unconstitutionality thereof shall not affect the
validity or constitutionality of any other section, subsection, sentence, clause phrase or
word of this Ordinance.
Section 4. Corrections. Upon approval by the city attorney, the city clerk or
the code reviser are authorized to make necessary corrections to this Ordinance, including
scrivener’s errors or clerical mistakes; reference to other local, state, or federal laws, rules,
or regulations; or numbering or referencing of ordinances or their sections and subsections.
Section 5. Effective Date. This Ordinance shall take full force and effect five
(5) days after approval, passage and publication as required by law.
Ordinance Creating PMC Chapter 3.265 Affordable Housing Tax Fund - 3
PASSED by the City Council of the City of Pasco, Washington, on this 18th day of
November, 2024.
_____________________________
Pete Serrano
Mayor
ATTEST: APPROVED AS TO FORM:
_____________________________ ___________________________
Debra Barham, MMC Kerr Ferguson Law, PLLC
City Clerk City Attorneys
Published: November 24, 2024