HomeMy WebLinkAbout1534 A RESOLUTION setting forth the financial
policies with regard to the acquisition
of the municipal transit system.
WHEREAS, the City of Bremerton's qualified electors
on the 15th day of September, 1970, passed by over a 70% vote,
a proposition authorizing the City to purchase and/or lease a
public transportation system and authorized the City to collect
a transit subsidy excise tax not to exceed $1.00 a month per
household or business unit.
WHEREAS this transit tax provides the City with
approximate yearly revenue of $85,000.00.
WHEREAS, the State of Washington provides equal
matching funds from the motor vehicle excise tax for the
purchase of necessary equipment.
WHEREAS, the City of Bremerton entered into a Contract
with Bremerton Charleston Transportation Company to achieve
said purpose on the 18th day of February, 1971.
WHEREAS, large federal holdings, that comprise the
City's entire industrial area, pay no general tax revenues to the
City governmental operations; but the continued operation of
this transit system is necessary for the transportation of
federal employees to and from the sites of their employment.
BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF BREMERTON:
That one-third of the overall net project cost will
be provided by the City of Bremerton from its revenues collected
and the matching equal fund granted by the State of Washington.
The City's share of total costs of acquisition of any equipment
will be available when needed.
That the City of Bremerton will continue operation of
this transit system for a minimum period of six (6) years