Ordinance 30310006.030.179
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06/09/95
ORDINANCE NO. 3031
AN ORDINANCE OF THE CITY OF EDMONDS,
WASHINGTON, IMPOSING AN ADDITIONAL 1/4% EXCISE
TAX ON REAL ESTATE SALES; ESTABLISHING SPECIAL
FUNDS; AND FIXING A DATE WHEN THE SAME SHALL
BECOME EFFECTIVE.
WHEREAS, current funding sources are insufficient to finance the capital
facilities needs of the City, and
WHEREAS, RCW 82.46.035 authorizes cities to impose an additional excise tax
on the sale of real property in the amount of one - quarter percent to finance capital facilities,
NOW, THEREFORE,
THE CITY COUNCIL OF THE CITY OF EDMONDS, WASHINGTON, DO
ORDAIN AS FOLLOWS:
Section 1. 3.29.015 Additional 1/4% Excise Tax on Real Estate Sales. Chapter
3.29 of the Edmonds City Code is hereby amended by adding the following section:
A. Pursuant to RCW 82.46.035, there is imposed an additional
excise tax on each sale of real property constituting a taxable vent
as defined in RCW Chapter 82.45 and occurring within the
corporate limits of the City of Edmonds. The tax imposed under
this section shall be collected from persons who are taxable by the
State under RCW Chapter 82.45 and such tax shall comply with
all applicable rules, regulations, laws and court decisions regarding
real estate excise taxes as imposed by the State under RCW
Chapter 82.45.
B. Rate of Tax. The rate of tax imposed by this section
pursuant to RCW 82.46.035 shall be 1/4 of 1 percent of the selling
price of all real property upon which this tax is imposed by
subsection A.
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C. Use of Proceeds. Revenues generated from the tax
imposed by this section shall be used solely for the financing of
Projects specified in a Capital Facilities plan element of a
comprehensive plan approved by the City Council.
Section 2. Chapter 3.29 of the Edmonds City Code is hereby amended by adding
the following section:
3.29.017 Creation of Special Capital Improvement Fund. There
is hereby created a special fund to be known as the "Special
Capital Improvement Fund," into which shall be deposited all
proceeds of the tax imposed by Section 3.29.015 of the Edmonds
City Code.
Section 3. Severbility. If any section, sentence, clause or phrase of this
ordinance should be held to be invalid or unconstitutional by a court of competent jurisdiction,
such invalidity or unconstitutionality shall not affect the validity or constitutionality of any other
section, sentence, clause or phrase of this ordinance.
Section 4. Effective Date. This ordinance, being an exercise of a power specifi-
cally delegated to the City legislative body, is not subject to referendum, and shall take effect
five (5) days after passage and publication of an approved summary thereof consisting of the
title, or June 27, 1995, whichever is the later date.
APPROVED:
ATTEST /AUTHENTICATED:
'CITY CLERK, SANDY CHASE
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//
APPROVED AS TO FORM:
OFFICE OF THE CITY ATTORNEY:
FILED WITH THE CITY CLERK: 6/9/95
PASSED BY THE CITY COUNCIL: 6/20/95
PUBLISHED: 6/25/95
EFFECTIVE DATE: 6/30/95
ORDINANCE NO. 3031
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SUMMARY OF ORDINANCE NO. 3031
of the City of Edmonds, Washington
Amending Chapter 3.29 of the Edmonds City Code
On the 20th day of June , 1995, the City Council of the City of Edmonds,
passed Ordinance No. 303T A summary of the content of said ordinance, consisting
of the title, provides as follows:
AN ORDINANCE OF THE CITY OF EDMONDS, WASHINGTON, IMPOSING AN
ADDITIONAL 1/4% EXCISE TAX ON REAL ESTATE SALES; ESTABLISHING SPECIAL
FUNDS; AND FIXING A DATE WHEN THE SAME SHALL BECOME EFFECTIVE.
The full text of this Ordinance will be mailed upon request.
DATED this 22nd day of June , 1995.
_ 1-1' ,.
MA0W&4JW.jRK, SANDY CHASE
STATE OF WASHINGTON,
COUNTY OF SNOHOL &ISH, sa
5 -2 -1
RECEIVED
JUN 2 8 1995
Affidavit of Publication EDMONDS CITY CLERK
The undersigned, being first duly sworn on oath deposes and says
that she is Principal Clerk of THE HERALD, a daily newspaper
printed and published in the City of .Everett, County of Snohomish,
and State of Washington; that said newspaper is a newspaper of
general circulation in said County and State; that said newspaper
has been approved as a legal newspaper by order of the Superior
Court of Snohomish County and that the notice ......... ...............................
Summary -of Ordinance No. 3031
................................... ......... ...................... .................................... ...............................
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a printed copy of which is hereunto attached, was published in . said
newspaper proper and not in supplement form, in the regular _ and
entire edition of said paper on the following days and times, namely:
June 25, 1995
..................................................... ............................... ................... ...............................
....................................................................................................... ...............................
and thAofs sail aper was regularly distributed to its subscribers
during eriod.
U
Principal C lerk
Subscribed and sworn to -before me this ..........26th
da of ......... .. ..une.............. .......................... 19......95
....... .. .. .... ....... .............................. ...............................
Notary Pu lic in and fort a St to of Washington,
residing at Everett, Snoh mis ounty.
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