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Resolution 973RESOLUTION NO. 973 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF EDMONDS, WASHINGTON, AMENDING RESOLUTION NO. 966 CLARIFYING THE COUNCIL'S ORIGINAL INTENT TO DETERMINE THE EXISTENCE OF SUBSTANTIAL NEEDS IN ESTABLISHING THE EMERGENCY MEDICAL SERVICES LEVY AT $.4738 PER $1,000 OF ASSESSED VALUATION EQUAL TO A RATE OF 6% OR $85,232. WHEREAS, on November 30, 1999, the City Council approved Resolution No 966 establishing the finding of substantial need in determining the regular property tax and Emergency Medical Services property tax levies for 2000, and WHEREAS, the Snohomish County Assessor's Office has requested clarification of the finding of substantial need in regard to the Emergency Medical Services property tax levy, now therefore, THE CITY COUNCIL OF THE CITY OF EDMONDS, WASHINGTON, HEREBY RESOLVES AS FOLLOWS: Section 1 of Resolution No. 966 is hereby amended to read as follows: Section 1: The City Council hereby determines in accordance with the requirements of Chapter 84.55 RCW that unmet substantial needs exist which justify the recapture of the maximum lawful levy for the City at a rate of 4.22 %. This increase of its regular property tax levy over 1999 equals 11.9% or $748,392. Unmet substantial needs also exist in relation to the Emergency Medical Services levy which justify a levy of $.4738 per $1,000 of assessed valuation equating to an increase of 6% over 1999 or $85,232, based on the following emergent and/or unanticipated needs for budget year 2000: -1- The City will lose approximately $1.4 million in anticipated revenues due to I -695 and the loss of motor vehicle excise tax and sales equalization funds. RESOLVED this 14th day of December, 1999. APPROVED: Pr MAYOR, BARBARA S. FAHEY / ATTEST /AUTHENTICATED: CITY CLERK, SANDRA S. CHASE FILED WITH THE CITY CLERK: 12/10/1999 PASSED BY THE CITY COUNCIL: 12/14/1999 RESOLUTION NO. -2-