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HomeMy WebLinkAbout2454 Ordinance2454 ORDINANCE NO. AN ORDINANCE amending Section 5.32.070 of the Pasco Municipal Code and Relating to the Percentage of Gross Revenues From the Utilities-Occupation License Tax Reserve For Street Maintenance WHEREAS, when Ordinance No. 2300 was passed in 1981, the utility tax rate was at a uniform 8% on all businesses taxed under PMC 5.32.040 except for any telephone business which was taxed at 8.4%; and WHEREAS, Ordinance No. 2406 was passed in 1982 under the mandate of state law and provides over a 5-year period for an annual decrease in the rate of tax paid on the privilege of conducting an electrical energy, natural gas, or telephone business to a rate of 6%, and WHEREAS, it was and remains the intent of the City Council to reserve such percentage of the gross revenues from the utilities-occupation license tax as would be generated by a 1% tax rate on the "gross operating revenues" taxed under Chapter 5.32 PMC for the maintenance, by overlaying or sealing of asphaltic concrete streets in the city, NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PASCO, WASHINGTON DO ORDAIN AS FOLLOWS: Section 1. Section 5.32.070 of the Pasco Municipal Code which now provides that "12 1/2% of the gross proceeds of all taxes collected under this chapter shall, after each quarterly collection, be placed into a reserve fund established by ordinance, and such funds shall be reserved for the maintenance of overlaying or sealing, of asphaltic concrete streets in the city," is hereby amended to read as follows: 5.32.070 USE OF FUNDS FOR STREET MAINTENANCE. Such percent of the gross proceeds of annual taxes collected under this chapter as would be generated by a 1% tax rate on the "gross operating revenues" taxed under this chapter shall, after each quarterly collection, be placed into a reserve fund established by ordinance, and such funds shall be reserved for the maintenance, by overlaying or sealing of asphaltic concrete streets in the city. Section 2. This ordinance shall take effect five (5) days after passage and publication according to law. ATTE PASSED this /6 day of May, 1983 and approved by the Mayor. Eve yn 0. Wells, City Clerk APPROVFA AS TO FORM: 1 reg ubstello, City Attorney - FINANCE DEPARTMENT (509) 545 3401 Scan 726-3401 CITY of P 0 BOX 293 412 WEST CLARK PASCO, WASHINGTON 99301 May 17, 1983 Tri City Herald P.O Box 2608 Pasco, Washington 99302 Attn Sue Bateman Dear Sue Please publish Ordinance Nos 2452, 2453 and 2454 on the following date May 19, 1983 Please send two (2) Affidavits of Publication for each Sincerely, Evelyn Wells City Clerk ew