RES 99-34 DECLARATION OF COBI'S INTENT TO MATCH PRIVATE DONATIONS TO HOUSING TRUST FUNDRESOLUTION No. 99-34
A RESOLUTION OF THE CITY OF BAINBRIDGE ISLAND,
WASHINGTON DECLARING THE CITY"S INTENT TO MATCH
PRIVATE DONATIONS TO THE HOUSING TRUST FUND WITH
PUBLIC CONTRIBUTIONS.
WHEREAS, the City established a Housing Trust Fund by Ordinance 99-45 for the
purpose of supporting the development and preservation of affordable housing; and
WHEREAS, the report of the Mayor's 90-day committee on affordable housing
recommended funding for the Housing Trust .Fund to be provided from a variety of
sources including: a surcharge on land use actions, a surcharge on building permits,
private contributions, and a taxpayer match for private contributions; now, therefore,
THE CITY COUNCIL OF THE CITY OF BAINBRIDGE ISLAND, WASFffNGTON,
DOES RESOLVE AS FOLLOWS:
It is the intent of the City of Bainbridge Island to provide a match to all private
cash donations to the City's Housing Trust Fund. Funding for this purpose shall
be included in the 2000 Budget of the City in the amount of $75,000.00 and
amounts for each subsequent year shall be included in the Budget for that year in
amounts to be determined by the City Council as part of the budget process. In
the event that private contributions in any calendar year exceed the budgeted
amount, the City Council shall then determine whether to amend the budget so as
to continue to be able to provide a dollar for dollar match.
PASSED by the City Council this
APPROVED by the Mayor this ~
8 th day of December, 1999.
9 ~ day of December, 1999.
ATTEST/AUTHENTICATE:
Sutton, Mayor
per, City Clerk
FILED WITH THE CITY CLERK:
PA, SSED BY THE CITY COUNCIL:
RESOLUTION No. 99-34
December 2. 1999
December 8 1999.