HomeMy WebLinkAbout01-143 AGENDA BILL
BREMERTON CITY COUNCIL
1. SUBJECT: FOR AGENDA OF: 06/27/01.
ORIGINATING DEPT: mma~urer~
Inter-Departmental Agreement for Revenue Sharing ORIGINATOR: Rich Ha~a~
DATE SUBMITTED: 06/1~2001
~ Comment of back if necessary) 3. EXHIBITS:
Director Admin. Service~
Proposed
Agreement
· ~Cify Attorney ~~.~_
ENDORSEMENTS ~ INFORMATION APPROVED BY COUNCIL PRESIDENT FOR SUBMITTAL:
MAYOR~ ~ ~ COUNCIL PRESIDENT
4. SUMMARY STATEMENT AND REQUIREMENT FOR COUNCt[, ACTION:
The proposed agreement will define a system of sharing incremental tax revenue from the commercial property
located between Oyster Bay Ave., SR i~3, the Wastewater Treatment Plant and Wemer Road. The intention is to
share this incremental revenue between the Wastewater Fund and the General Fund until wastewater has recoveded
its expenditures from converting the property from residential to commercial use,
8. R CO T N:
Motion to approve the attached interdepartmental agreement for revenue shadng.
9. RESPONSIBLE OFFICIAL: Treasurer
ENFORCEMENT OFFICIAL: Mayor
EXPIRATION DATE: Contingent
REVIEW DATE: N/A
10. NOTICE OF ACTION
PULLED__ TABLED__ APPROVED L~DISAPPROVED AMENDED
COU ClL DIR TIVE: ,.~/~j' .[" .
.. AGE.O B.LC.O:
2. CLEARANCE COMMENTS:
5. IMPACT ON NON-PASSAGE:
All of the incremental revenue from the property will be realized by the General Fund.
6. IMPACT ON STAFFING, BUDGETS. FACILITIES. EQUIPMENT OR OTHER RESOURCES:
Increased revenue to the General Fund and the Wastewater Fund. Estimated to be $300,000 per year total when the
relocated businesses are fully operational.
7. RESEARCH $OURCI~$:
Staff analysis of the project.