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RES 95-45 COORDINATION OF FUNDING AND REQUESTS BETWEEN B.I. TAXING DISTRICTSRF_SOLUTION NO. 95-45 A RESOLUTION of the City of Bainbridge Island, Washington, seeking to establish coordination in public funding and financing requests between Bainbridge Island Taxing Districts. WHEREAS, the delivery of public services and facilities on Bainbridge Island, is provided for the most part by four independently elected boards and councils with taxing authority; and WHEREAS, each taxing authority has the capacity to adopt or propose property tax amounts and to borrow funds independent of each other; and WHEREAS, the funding needs and plans of one agency can significantly impact the financial and political options of the other agencies; and WHEREAS, it is in the interest of the public and the taxing authorities to coordinate public funding and financing needs; NOW THEREFORE BE IT RESOLVED that the City of Bainbridge Island, the Bainbridge Island School District, the Bainbridge Island Fire District and the Bainbridge Island Park and Recreation District ("taxing authorities") do hereby agree to seek to coordinate public funding and f'mancing requests in such a manner that the following objectives are pursued: A. All capital facilities development will be planned in accordance with existing levels of service and projected population gains unless specific changes in levels of service or external funding support are clearly identified; B. The capital facilities and operations and maintenance property tax requests will be planned to minimize extreme tax payment variations from year to year; C. Agencies will consider the usable life of the facility and interest costs, as well as other factors, when determining the term of the debt in order to spread the financial responsibility for the facility equitably between current and future taxpayers. D. Island voters can have a sense of what their proposed total tax contributions are likely to be even though property tax levy elections may be held separately; AND BE IT FURTHER RESOLVED that the taxing authorities will voluntarily seek to establish a maximum aggregate property tax rate to be imposed by all Bainbridge Island taxing authorities. AND BE IT FURTHER RESOLVED that the taxing authorities coordinate capital funding requests by utilizing the City' s process established to annually review its Comprehensive Plan Capital Facilities Element. CITY OF BAINBRIDGE ISLAND JANET K. WEST, Mayor ATTEST/AUTHENTICATE: BAINBRIDGE ISLAND FIRE DISTRICT DISTRICT NO. 2 SAM CAMASI, Commissioner ATFEST/AUTHENTICATE: KIRK STICKLES, Fire Chief VICKI CLAY;I?~5~, School Bo~rd~esident ' A~T/AU~E~CA~: a S ard B~DGE ISL~ P~ & C~A~ON DIS~CT ~5~ S~PEED, Char U~EN~CA~: ~ d ED ~ONG, re ~f e Bo~ FILED WITH THE CITY CLERK: November 1, 1995 PASSED BY THE CITY COUNCIL: November 9, 1995 RESOLUTION NO. 95-45 To: Mayor and Councilmembers From: City Administrator Subject: Resolution 95-45 Tax Coordination Between Island Agencies Date: 12/28/95 The joint resolution has been returned to us after consideration by the other jurisdictions. All except the Fire District have signed. A message from the Fire District was attached asking me to call Kirk Stickels for information about their Commissioner's discussion of the resolution. Kirk advised me that the Commissioners had discussed it at their last two meetings and while they subscribed to the philosophy they were waiting for something more binding. He also thought they seemed concerned with the timing of the public announcement prior to each agency having considered it by their full board of elected representatives. I advised him that certainly there were to be continuing meetings on the substantive methods of implementing the concepts being put forward so the Fire District Commissioners would most certainly be involved in working on meaningful ways to control taxes. As we've stated in the resolution the annual review of the Capital Facilities Element and its finance package is the appropriate and also mandated vehicle for reconciling the long term capital needs of the community so involvement of all parties in unavoidable. Since the impact of this resolution has already been felt the fact that they have not signed it may be immaterial.