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RES NO. 2019-27 STATING INTENT TO IMPLEMENT HB1406RESOLUTION NO. 2019-27 A RESOLUTION of the City of Bainbridge Island, Washington, declaring the intent to adopt legislation to authorize a Sales and Use Tax for Affordable and Supportive Housing in accordance with Substitute House Bill 1406 (Chapter 338, Laws of 2019), and other matters related thereto. WHEREAS, in the 2019 Regular Session, the Washington State Legislature approved, and the Governor signed, Substitute House Bill 1406 (Chapter 338, Laws of 2019) ("SHB 1406"); and WHEREAS, SHB 1406 authorizes the governing body of a city or county to impose a local sales and use tax for the acquisition, construction, or rehabilitation of affordable housing or facilities providing supportive housing, for the operations and maintenance costs of affordable or supportive housing, or, if eligible, for providing rental assistance to tenants; and WHEREAS, the tax will be credited against state sales taxes collected within the City and, therefore, will not result in higher sales and use taxes within the City and will represent an additional source of funding to address housing needs in the City; and WHEREAS, the money from the tax must be used to assist persons whose income is at or below sixty percent of the City's median income; and WHEREAS, the City wishes to serve all citizens on Bainbridge Island by working to sustain a healthy community that is diverse and allows for many different groups to live, work, and contribute on the Island and has determined that imposing the sales and use tax to address this need will benefit its residents; and WHEREAS, in order for a city or county to impose the tax, within six months of the effective date of SHB 1406, or January 28, 2020, the governing body must adopt a resolution of intent to authorize the maximum capacity of the tax, and within twelve months of the effective date of SHB 1406, or July 28, 2020, must adopt legislation to authorize the maximum capacity of the tax; and WHEREAS, this resolution constitutes the resolution of intent required by SHB 1406; and WHEREAS, the City Council now desires to declare its intent to impose a local sales and use tax as authorized by SHB 1406 as set forth herein. Page 1 of 2 NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF BAINBRIDGE ISLAND DOES RESOLVE AS FOLLOWS: Section 1. Resolution of Intent. The City Council declares its intent to adopt legislation to authorize the maximum capacity of the sales and use tax authorized by SHB 1406 within one year of the effective date of SHB 1406, or by July 28, 2020. Section 2. Further Authority; Ratification. All City officials, their agents, and representatives are hereby authorized and directed to undertake all action necessary or desirable from time to time to carry out the terms of, and complete the actions contemplated by, this resolution. All acts taken pursuant to the authority of this resolution but prior to its effective date are hereby ratified. Section 3. Effective Date. This resolution shall take effect immediately upon its passage by the City Council. PASSED by the City Council this 22nd day of October, 2019. APPROVED by the Mayor this 22nd day of October, 2019. By: Kol Medina, Mayor ATTEST/AUTHENTICATE: By: Christine Brown, CMC, City Clerk FILED WITH THE CITY CLERK: October 4, 2019 PASSED BY THE CITY COUNCIL: October 22, 2019 RESOLUTION NO. 2019-27 Page 2 of 2