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ORD 2004-32 COMMERICAL PARKING TAXORDINANCE NO. 2004-32 AN ORDINANCE OF THE CITY OF BAINBRIDGE ISLAND, WASHINGTON, RELATING TO THE CITYS TAX ON COMMERCIAL PARKING; AMENDING SECTION 5.10.020 OF THE BAINBRIDGE ISLAND MUNICIPAL CODE. WHEREAS, RCW 82.80.030(4) authorizes cities to collect a tax from persons operating commercial parking businesses on the gross proceeds of the commercial parking business; and WHEREAS, since 1992, the City has imposed such a tax in BIMC 5.10.020; and. WHEREAS, in BIMC 5.10.020, the City currently levies on every person engaged in a commercial parking business within the City a commercial parking tax in an amount equal to 30 percent of the gross proceeds of the commercial parking business, less an annual discount to be determined each year by December 1 for the next calendar year by resolution of the City Council; and WHEREAS, the City Council has determined that it is in the best interests of the City to provide for greater flexibility regarding the timing of changes to the discount to be subtracted from the percentage amount of the commercial parking tax; now, therefore, .THE CITY COUNCIL OF THE CITY OF BAINBRIDGE ISLAND, WASHINGTON, DOES RESOLVE AS FOLLOWS: Section 1. Section 5.10.020 of the Bainbridge Island Municipal Code is amended to read as follows: r~. ~.~ .,0~ r~ .... ~.e- ~, 'man tThere 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 30 percent of the gross proceeds of the commercial parking business less mn armual a discount to be determined ,~,.u ..... u., r~ .... 1..~ 1 ,,, C~. ,1~ .... , ~1~,~t~ ~ by resolution of the city council. Section 2. This Ordinance shall take effect on January 1, 2005, which date is more than five days after its passage, approval and publication as required by law. 94700/103/312632.01 PASSED by the City COuncil this 8th day of December, 2004. APPROVED by the MaYor this 9th day of December, 2004. Darlene Kordono~,~Mayor~~ ATT~EST/AUTHENTICATE: APPROVED AS TO FORM: Rod P. Kaseguma, City Attomey FILED WITH THE CITY CLERK: PASSED BY THE CITY COUNCIL: PUBLISHED: EFFECTIVE DATE: ORDINANCE NO. 2004-32 December 1, 2004 December 8, 2004 December 15, 2004 January 1, 2005 94700/103/312632.01