HomeMy WebLinkAbout2092RESOLUTION 2092
WHEREAS, There is a continual need to respond to
the capital needs of cities and towns; and
WHEREAS, There is a need for local governments to
address the need to eliminate central city blight, deterioration
of neighborhoods, and to rehabilitate certain targeted areas;
and
WHEREAS, Most local governments do not have the
financing mechanisms to fund the provision of these capital
expenditures and, therefore, are unable to undertake the
necessary rehabilitation and redevelopment projects; and
WHEREAS, It is recognized that certain public capital
projects result in increased private sector investment and in
increased values; and
WHEREAS, Many other states authorize the use of
community redevelopment financing, which relies on property
tax from new private sector investment and increased values
to pay off bonds issued to finance capital improvements; and
WHEREAS, The Legislature has submitted to the voters
a constitutional amendment, HJR 23, which, if approved, will
authorize the use of community redevelopment financing in this
state; and
WHEREAS, House Joint Resolution 23 will be voted
upon this November by voters in the State of Washington;
NOW, THEREFORE, BE IT RESOLVED, That the Bremerton
City Council strongly supports approval of HJR 23, authorizing
local governments to utilize community redevelopment financing.
PASSED BY the City Council for the City of Bremerton
this 16 day of October, 1985.
MORRIE DAWKINS, Mayor
City of Bremerton
ATTEST:
KATHLEEN L. MCCLUSKEY, City Clerk
Director of Administrative Services