HomeMy WebLinkAbout3403 Resolution RESOLUTION NO. 3 463
A RESOLUTION Concerning Annexation and Bonded Indebtedness.
WHEREAS, the eventual incorporation of the entire western portion of the city's urban
growth area has been a goal of the city for more than 30 years; and
WHEREAS, the majority of the urban growth area has been incorporated through the
annexation process; and
WHEREAS,the City Council has determined for each annexation over the past 20 years,
that the annexing properties would be exempted from paying the property tax otherwise required
for bonded indebtedness approved by city voters prior to the date of annexation of the subject
properties; and
WHEREAS, the current annexation planning effort has raised the question of whether or
not the city would require payment of existing bonded indebtedness of the city upon annexation
of properties remaining in the urban growth area; and
WHEREAS, the City Council finds it is in the best interest of all concerned to provide a
clear and indisputable answer to the question; NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PASCO,
Section 1: That the City Council hereby declares that it will not require any properties
within the current Pasco urban growth area to assume existing bonded indebtedness of the city in
concert with annexation of the respective properties.
PASSED by the City Council of the City of Pasco at its regular meeting this 7th day of
May, 2012.
Og,p0Z•1 --
Matt Watkins, Mayor
AT ESJ: APPR AS TO FORM:2
De ra ar , City Clerk Leland B. Kerr, City Attorney