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ORD 92-47 COMMERCIAL PARKING TAX 8%AN ORDINANCE OF THE CITY OF BAINBRIDGE ISLAND AMENDING THE RATE CHARGED BY THE CITY'S COMMERICAL PARKING TAX TO 8.0 % EFFECTIVE JANUARY 1, 1993. WHEREAS, the 1993 Budget for the City of Bainbridge Island specifies that the tax on commercial parking businesses within the City shall be increased from 3.0 % of gross revenues to 8.0% of gross revenues (which increase does not require a vote of the people and is within statutory and constitutional limits); and WHEREAS, it is in the best interests of the citizens of Bainbridge Island for this ordinance to go into effect on January 1, 1993, now, therefore, THE CITY COUNCIL OF THE CITY OF BAINBRIDGE ISLAND, WASHINGTON, DO ORDAIN AS FOLLOWS: SECTION 1. Ordinance 92-11, Section 3 of the City of Bainbridge Island is hereby amended to read as follows: From April 1, 1992 through December 31, 1992, there is levied upon and shall be collected from every person engaged in a commercial parking business within the City a commercial parking tax in an amount equal to three percent (3.0%) of the gross proceeds of the commercial parking business. On and after January 1, 1993, this tax shall be levied at a rate of eight percent (8.0 %) of the gross proceeds of the commercial parking business. SECTION 2. This ordinance shall take effect and be in force on and after January 1, 1993, such date being more than five days from and after its passage, approval, publication and posting as required by law. PASSED by the City Council this 17th day of December, 1992. APPROVED by the Mayor this 17 th day of December, 1992. ATTEST/AUTHENTICATE: // RALPH nance Director APPROVED AS TO FORM: ROD P. KASEGUMA, City Attorney FILED WITH THE CITY CLERK: PASSED BY THE CITY COUNCIL: PUBLISHED: 12-23-92 POSTED: 12-23- 92 EFFECTIVE DATE: 12-28-92 12-17-92