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Resolution 8230006.010.054 WSS /bjs 08/17/95 RESOLUTION NO. 823 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF EDMONDS, WASHINGTON, AMENDING RESOLUTION 815 RELATING TO THE ANNEXATION OF TRACTS OF LAND KNOWN AS THE SHERWOOD VILLAGE ANNEXATION, TO CLARIFY THAT THE ANNEXATION AREAS WILL NOT BE REQUIRED TO ASSUME ANY BONDED INDEBTEDNESS TO THE CITY; REQUESTING THAT AN ELECTION DATE BE SET ON NOVEMBER 7, 1995 AND PRESCRIBING THE BALLOT TITLES FOR SUCH ANNEXATION. WHEREAS, the City of Edmonds did not request an election date when the annexation issue for Sherwood Village and Vicinity annexation was approved for placement on the ballot, and, WHEREAS, the City finds it inappropriate to clarify that residents of these annexation areas would not be required to assume such indebtedness upon annexation, and WHEREAS, the City Council wishes to specify a date and ballot title for such annexation elections, now, therefore, THE CITY COUNCIL OF THE CITY OF EDMONDS, WASHINGTON, HEREBY RESOLVES AS FOLLOWS: Section 1. Resolution No. 815 approving for the ballot the annexation of the area known as the Sherwood Village Annexation as shown in such resolution and also described in File No. AX- 95 -24, is hereby amended and clarified to state that upon annexation, the owners of property within the area will not be taxed or otherwise required to pay the obligations of any bonded indebtedness existing as of the effective date of the annexation. Such exception from payment of existing bonded indebtedness shall not extend to any bonded indebtedness occurred WSSIO %46.IWF0006.010.054/010.056 -1- Y i after the date of annexation, at which time the property shall be taxed at the same rate and level as all of the properties of the City of Edmonds with relation to such bonded obligations incurred in the future. Section 2. The City Council hereby requests that this matter be placed on the ballot for November 7, 1995, in conjunction with the General Election held on that date. Section 3. A certified copy of this resolution shall be forwarded by the City Clerk to the Snohomish County Boundary Review Board and such other officials of Snohomish County or as are appropriate to establish the election date. follows: Section 4. The ballot title for the Sherwood Village Annexation shall provide as SHALL ANNEXATION TO THE CITY OF EDMONDS OF AN AREA COMMONLY KNOWN AS THE SHERWOOD VILLAGE AND VICINITY ANNEXATION BE APPROVED: FOR ANNEXATION AGAINST ANNEXATION RESOLVED this 22 day of August , 199 5 . ATTEST /AUTHENTICATED : CITY CLERK, SANDRA S. CHASE WSSi09446 .1WF0006.010.054/010.056 -2- FILED WITH THE CITY CLERK: 08/18/95 PASSED BY THE CITY COUNCIL: 08/22/95 RESOLUTION NO. 823 WSSIO %46.IWF0006.010.054/010.056 -3-