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RES 99-27 VARIOUS FEES ENACTED IN RESPONSE TO INITIATIVE 695Revised October 7, 1999 RESOLUTION No. 99-27 A RESOLUTION OF THE CITY OF BAINBRIDGE ISLAND, WASHINGTON RELATING TO THE IMPOSITION OF VARIOUS TAXES, FEES AND CHARGES ENACTED IN RESPONSE TO INITIATIVE 695. WHEREAS, passage of Initiative 695 is likely to put extreme pressure on the City's ability to accomplish its mandated functions with the revenues allowed to it; and WHEREAS, the City Council has approved various ordinances in response to Initiative 695 that specify that the City Council will take various actions by resolution; now, therefore THE CITY COUNCIL OF THE CITY OF BAINBRIDGE ISLAND, WASHINGTON, DOES RESOLVE AS FOLLOWS: SECTION 1. The taxpayer contribution referred to in the Amendment to Section 1.28.025E BIMC contained in Ordinance 99-47 shall not be less than thirty-three (33) percent prior to 2002. SECTION 2. The annual reductions in the business and occupation tax rate referred to in Section 1 of Ordinance 99-48 shall be one-tenth of one percent in each of the years 2000, 2001 and 2002. SECTION 3. The amount of gross income subject to the City's business and occupation tax referred to in Section 2 of Ordinance 99-49 shall be $250,000 in the year beginning January 1, 2000, and shall not be less than $250,000 in either of the years 2001 and 2002. SECTION 4. The reductions in the storm and surface water management untility charges referred to in Section 2 of Ordinance 99-50 shall be $3.93 in the year 2000, and shall be $3.00 in 2001. SECTION 5. This Resolution shall be in effect and in full force on and after November 1, 1999. PASSED by the City Council this 7 th day of October, 1999. APPROVED by the Mayor this/3 th day of October, 1999. ATTEST/AUTHENTICATE: u/sa~np. Kaz4'~h~'sper,{ity Cler/~~/k APPROVED AS TO FORM: Rod P. Kaseguma, City Attorney FILED WITH THE CITY CLERK: PASSED BY THE CITY COUNCIL PUBLISHED: EFFECTIVE DATE: RESOLUTION No. 99-27 Octoberl5,1999 October 7, 1999 October 20, 1999 October 25, 1999