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Ordinance 31600006.030.079 PAO /gjz 08/21/97 ORDINANCE NO. 3160 AN ORDINANCE OF THE CITY OF EDMONDS, WASHINGTON, SPECIFYING THE REVENUE FUNDS TO SERVE AS THE DEPOSITORIES OF THE REAL ESTATE EXCISE SALES TAX AND FIXING A TIME WHEN THE SAME SHALL BECOME EFFECTIVE. WHEREAS, the funds currently specified in the Edmonds City Code as the repository for the real estate excise sales tax currently do not match City practices or state law requirements, NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF EDMONDS, WASHINGTON, DO ORDAIN AS FOLLOWS: Section 1. A new Section 3.29.013 is hereby added to the Edmonds City Code to provide as follows: 3.29.013 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 ECC 3.29.010. Section 2. ECC 3.29.017 is amended to provide as follows: 3.29.017 Creation of Park Acquisition /Improvement Fund. There is hereby created a special fund to be known as the "Park Acquisition /Improvement Fund, " into which shall be deposited all proceeds of the tax imposed by ECC 3.29.015. 171087 -1- Section 3. Severability. 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 administrative action, is not subject to referendum, and shall take effect five (5) days after publication of an approved summary thereof consisting of the title. APPROVED: rwrlw-z' ME. -,,- MAYOR, BARBARA ATTEST /AUTHENTICATED : 1'e-'4'4�� z. ztt-� CITY CLERK, SANDRA S. CHASE APPROVED AS TO FORM: OFFICE OF THE CITY ATTORNEY: BY----- -° -°°°� FILED WITH THE CITY CLERK: 08/29/97 PASSED BY THE CITY COUNCIL: 09/02/97 PUBLISHED: 09/07/97 EFFECTIVE DATE: 09/12/97 ORDINANCE NO. 3160 171087 -2- SUMMARY OF ORDINANCE NO. 3160 of the City of Edmonds, Washington On the 2nd day of September , 199L, the City Council of the City of Edmonds, passed Ordinance No. 3160 A summary of the content of said ordinance, consisting of the title, provides as follows: AN ORDINANCE OF THE CITY OF EDMONDS, WASHINGTON, SPECIFYING THE REVENUE FUNDS TO SERVE AS THE DEPOSITORIES OF THE REAL ESTATE EXCISE SALES TAX AND FIXING A TIME WHEN THE SAME SHALL BECOME EFFECTIVE. The full text of this Ordinance will be mailed upon request. DATED this 3rd day of September , 199 7 . CITY CLERK, SANDRA S. CHASE STATE OF WASHINGTON, ss. COUNTY OF SNOHOMISH, revusat. DATED this 31d day of September 1997.. ' SANDRA S. CHASE Published:Clty Clerk Sepember 7, 1.997. 5 -2 -1 RECEIVED SEP Z f 1997 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. 3160 ...................................................................................... ............................... ... . ..... 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: .September 7, 1997 ................................................................................ ............................... ... .................... f' ... .. ................ ............................... and�thajt said newspaper was regularly distributed to its subscribers during fall- of said period. a r 1` -' Principal Clerk Subscribed and sworn to before me this ..............8th .............. day of .......September .... ..................... 19...97 ................... 1 !.............................. ...f......k.... ........ ....... ........ ...................... rotary Public in an for the S shington, esiding at Everett, Snoho s boa Yi,,��� �pTARy (P Pu 81-1 ' O -7 5 -19 98 0 OF W q5���