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Resolution 1198RESOLUTION NO.1198 RESOLUTION OF THE CITY OF EDMONDS REGARDING ADDRESSING THE LONG-TERM REVENUE CHALLENGES FACING THE CITY OF EDMONDS Whereas, the Citizens' Levy Review Committee was tasked with reviewing the financial situation in the City of Edmonds, and making a series of recommendations, and Whereas, one of the prominent recommendations was to develop a broad vision and long-term strategies to make the Edmonds fiscal situation sustainable without recurring votes by the public for increased property taxes, and Whereas, the challenge of revenue in the City of Edmonds is multi -faceted with a long history of policy decisions leading up to the state of the budget in 2009, and Whereas, the primary budget problem in the City of Edmonds is one of revenue, not expenses, and Whereas, there is a large number of highly qualified citizens who are interested in serving their community to address this problem, as was evidenced during the Citizens' Levy Review Committee and which was also expressed during the 2009 Planning Board retreat, Now therefore be it resolved that the City Council of Edmonds directs staff to create an ordinance forming the Citizens' Economic Development Commission, constituted in the following manner: - The Commission will have up to 17 members appointed in the following manner: o Each council person will appoint up to two members o The mayor will appoint up to three members o Terms shall be for a period not to exceed two years - The Commission will be staffed by the Economic Development Director, or in the case where there is no such position, by either the Community Services Director or the Finance Director, as determined by the mayor. - The mission of the Citizens' Economic Development Commission is to 1. Determine new strategies for economic development in the City of Edmonds 2. Identify new sources of revenue for the City of Edmonds to consider - The Commission will deliver an annual report to the Council in written and oral form on or about the first meeting in December every year, and when appropriate during other times as needed Now therefore be it further resolved that the City Council directs the Planning Board to review and consider strategies for economic development in conjunction with the Citizens' Economic Development Commission that will improve commercial viability, tourism development and activity in the City of Edmonds, and to report back to the Council on or about the first meeting of December. Adopted this 21 st day of April, 2009. MA OR, Ali RY RAAKENSON ATTEST/AUTHENTICATED: CITY CLERK, SANDRA S. CHASE FILED WITH THE CITY CLERK: 04/17/2009 PASSED BY THE CITY COUNCIL: 04/21/2009 RESOLUTION NO. 1198