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HomeMy WebLinkAbout07-190 ........; a.....' _....OJ' IlB#:.. Oi-filfo AGENDA BILL CITY OF BREMERTON CITY COUNCIL ........................................................................................ SUBJECT: Approval of Resolution No. 3.Q32..conceming an increase in the City's regular property tax levy to fund specified City programs. Committee Meeting Date: COUNCIL MEETING Date: Department: Presenter: 7/25/2007 8/1/2007 Financial Services Laura Lyon/Wyn B irkenthallPhil Williams 473-5722 Phone: SUMMARY: The next phase of revitalization for the City extends the renewal out to City neighborhoods. This next six year plan requires additional funds to adequately provide for the operations and maintenance of the City's existing and future park and recreation facilities, provide additional code enforcement efforts in City neighborhoods, improve and construct sidewalks, and renovate, improve, and develop identified neighborhood parks. In order to provide funding for these proposed programs and activities - a proposition is recommended to be taken to the voters ofthe City of Bremerton in the upcoming general election on November 6,2007 - requesting approval of a temporary (6-year) regular property tax levy rate lift to $2.12 per thousand dollars of assessed valuation for collection in 2008 and increase the levy each year thereafter as allowed by RCW 84.55 for each of the five succeeding years. This levy rate is estimated to be $0.1889 per thousand dollars of assessed value higher than would otherwise be imposed under the limitations established by RCW 84.55.010. RCW 84.55.050 authorizes the voters of a city to permit the levy of taxes in excess of the levy limitations established in RCW 84.55.010. The Kitsap County Auditor requires a resolution approved by the City Council authorizing the placement of the question on the November 6,2007 general election to be submitted no later than August 14; 2007. This resolution authorizes the placement of the question on the ballot and adopts a plan for use of the funds if the levy lift should be approved by the voters. A TT ACHMENTS: Resolution, Draft Ballot Measure Summary and Explanatory Recap, Financial Recaps, and Updated Neighborhood Revitalization Plan Outline and Funding Plan FISCAL IMPACTS (Include Budgeted Amount): Addition of a ballot measure for the General Election will cost the City less than $2,000 (cost quote provided by the County Auditor - Election Division) - the 2007 budget for election expenses is adequate to cover this cost. COMMITTEE CHAIR COUNCIL PRESIDENT: CONSENT AGENDA D GENERAL BUSINESS M PUBLIC HEARING D RECOMMENDED MOTION: Move to approve Resolution No. 303^ authorizes the placement ofthe question on the November 6,2007 ballot regarding an increase in the City's regular property tax levy to fund specified City programs) "" 5 <^.W\evule..d I COUNCIL ACTION: ci:pprove D Deny D Table D Continue D No Action APPRO V ALS: DEPARTMENT DIRECTOR: CITY ATTORNEY: FINANCE DIRECTOR: MA YOR: