HomeMy WebLinkAbout3872 Resolution RESOLUTION NO.$S 7A
RESOLUTION OF THE PASCO CITY COUNCIL CONCERNING ANNEXATION AND
BONDED INDEBTEDNESS
WHEREAS,the majority of the Urban Growth Area has been incorporated through the Petition
Method of annexation;and
WHEREAS,the Petition Method of Annexation requires City Council to determine whether a
newly annexed property will be required to assume all or a portion of bonded indebtedness;and
WHEREAS,the City of Pasco does not currently have any existing voter approved bonded
indebtedness;and
WHEREAS,bonded indebtedness is used to finance City infrastructure that benefits both current
and future residents of the City; and
WHEREAS,the Pasco Urban Growth Area contains unincorporated properties that are
substantially developed and located south of Interstate 182 and do not represent significant new demands
on public infrastructure;and
WHEREAS,the Pasco Urban Growth Area also contains unincorporated properties located north
of Interstate 182 which were developed under Franklin County subdivision and development regulations
and properties not yet developed that represent significant new demands on public infrastructure;and
WHEREAS,it is appropriate for bonded indebtedness for the City to be shared by both current
and future City residents;and
WHEREAS,the issue of bonded indebtedness for newly annexed properties should be weighed
against the need to finance public infrastructure that is needed to provide those properties with facilities
that represent urban development standards;and
WHEREAS,the Pasco City Council has the ability to decide upon the incurrence of bonded
indebtedness for annexed properties with each annexation petition received in conformance with the
Petition Method of Annexation;
Now,THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PASCO:
Section 1. That Resolution 3403 be repealed;and
Section 2. Properties within the Urban Growth Area that have not been incorporated are
generally undeveloped or under-developed and represent new demands on public infrastructure should
annexation and/or urban development occur on those properties;and
Section 3. City Council may require on a case-specific basis the assumption of bonded
indebtedness for annexed properties that represent demands on public infrastructure for which bonded
indebtedness has been incurred.
PASSED by the City Council of the City of Pasco this (dhday of /1/0//0U • ,2018
Matt Watkins
Mayor
ATT ST: APP N�: D AS TO FORM:
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Daniela Erickson Leland B.Kerr
City Clerk City Attorney