Resolution 1434RESOLUTION NO. 1434
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
EDMONDS, WASHINGTON, APPROVING INTENT TO
ADOPT LEGISLATION TO AUTHORIZE THE MAXIMUM
CAPACITY OF THE TAX AUTHORIZED IN CHAPTER 82.14
RC W
WHEREAS, the Washington State Legislature passed Substitute House Bill (SHB) 1406 and
the Governor signed, thus enacting into public law, Chapter 338 Laws of 2019; and
WHEREAS, a new Section is added to Chapter 82.14 Revised Code of Washington (RCW),
local Retail Sales and Use Taxes to encourage investments in affordable and supportive housing; and
WHEREAS, SHB 1406 authorizes the governing body of a city or county to impose a local
sales and use tax for the acquisition, construction or rehabilitation of affordable housing or facilities
providing supportive housing, and for the operations and maintenance costs of affordable or
supportive housing; and
WHEREAS, the imposed sale tax is a credit against the state sales tax collected or paid to the
Washington State Department of Revenue from within in the jurisdiction and will not result in higher
sales and use taxes within the County and will represent an additional source of funding to address
housing needs in Snohomish County; and
WHEREAS, the City of Edmonds recognizes the need for affordable housing; and
WHEREAS, in order for a city or county to impose the tax, within six months of the effective
date of SHB 1406, or January 27, 2020, the governing body must adopt a resolution of intent to
authorize the maximum capacity of the tax, and within twelve months of the effective date of SHB
1406, or July 27, 2020, must adopt legislation to authorize the maximum capacity of the tax; and
WHEREAS, this resolution constitutes the resolution of intent required by SHB 1406; and
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NOW, THEREFORE, BE IT RESOLVED, that the City of Edmonds hereby declares its
intent to adopt legislation to authorize the maximum capacity of the sales and use tax authorized by
SHB 1406 as soon as reasonably possible prior to July 27, 2020.
RESOLVED this 201" day of August, 2019.
MAYOR, DA
ATTEST/AUTHENTICATED :
C Y L-ERK, SC&LASSEY
FILED WITH THE CITY CLERK: August 16, 2019
PASSED BY THE CITY COUNCIL: August 20, 2019
RESOLUTION NO.: 1434
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O. EARLING
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