HomeMy WebLinkAbout3971 Ordinance ORDINANCE NO. 3
AN ORDINANCE of the City of Pasco, Washington, amending
Section 3.06.010 "Establishment of Real Estate Excise Tax, Use of Proceeds"
to Fund Capital Projects Specified in a Capital Facilities Plan Element of a
Comprehensive Plan.
WHEREAS, the City of Pasco has by Ordinance No. 2594, imposed an excise tax on
sale of real property within the corporate limits of the City at a rate not exceeding one-quarter of
one percent of the selling price as authorized by RCW 82.46.010; and
WHEREAS, the City of Pasco has a population in excess of 5,000 people, and is fully
planning under the Growth Management Act (RCW 36.70A), which are the requirements for
application of revenues generated from this tax to be utilized for capital projects specified in the
Capital Facilities Plan element of the City of Pasco's Comprehensive Plan; NOW,
THEREFORE,
THE CITY COUNCIL OF THE CITY OF PASCO, WASHINGTON, DO ORDAIN
AS FOLLOWS:
Section 1. That Section 3.06.010 entitled "Establishment of Real Estate Excise Tax, Use
of Proceeds" of the Pasco Municipal Code shall be and hereby is amended and shall read as
follows:
3.06.010 ESTABLISHMENT OF REAL ESTATE EXCISE TAX, USE OF PROCEEDS.
There is established and imposed an excise tax on each sale of real property in the corporate
limits of the City at a rate of one-quarter of one percent of the selling price. Pr-eeeedsRevenue
generated from the tax imposed by under this Section sMH are to be used only for- lepeal
emen ineludingthese-listed in vr)xI 35 43 040 by the City solely for financing capital
projects specified in a Capital Facilities Plan Element of the Comprehensive Plan. (Ord. 3497,
2009; Ord. 2594 Sec. 1, 1986.)
Section 2. This Ordinance shall take full force and effect five (5) days after its approval,
passage, and publication as required by law.
PASSED by the City Council of the ity of Pasco, Washington, and approved as
provided bylaw this ZO day of , 2010.
Matt Watkins, Mayor
ATTEST: APPR S TO FORM:
coo� 0
Debbie Clar , City Cler Leland B. Kerr, City Attorney