HomeMy WebLinkAboutReg 2006-09-05 Item 5D.2 - Ordinance - 2007 Payment Increase to Seattle City Light from 5% to 6% w 9 COUNCIL AGENDA SYNOPSIS
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ITEM INFORMATION
I CAS NUMBER: 06-098 IOIUGLNALAGENDADATE: Aucusr28, 2006
AGENDA ITEM TILLE Reaffirm the increases to the utility tax rate and Seattle City Light contract
payments scheduled for 2007.
CATEGORY Discussion Motion Rnolution Ordinance Bid Award Public Hearing Other
Mfg Date 08/28/06 Mtg Date 09/05/06 Mg Date Mtg Date .lftg Date Meg Date Mtg Date
I SPONSOR Council 'vi Adm Svcs DCD Finance Fire Legal Pd&R Police PI*'
SPONSOR'S Ordinance 1998 established the utility tax and set forth a schedule of rate increases with a
SUMMARY requirement that the City Council review the necessity of the change. The utility tax rate
is scheduled to increase from 5% to 6% in 2007. In addition, Ordinance 2012 granted
Seattle City Light the privilege of operating an electric utility within the City. The contract
payment for this privilege is scheduled to increase from 5% to 6% in 2007. In keeping
with past practice, it is requested that the Council reaffirm both scheduled increases.
REVIEWED BY COW Mtg CA &P Cmte F&S Cmte Transportation Cmte
Utilities Cmte Arts Comm. 9 Parks Comm. Planning Comm.
DATE: 08/21/06
RECOMMENDATIONS:
SPONSOR /ADMIN. Forward to COW Meeting for Council's motion to approve implement.
COMMITTEE Unanimous approval; forward to COW Meeting on 08/28/06.
COST IMPACT FUND SOURCE
EXPENDITURE REQUIRED AMOUNT BUDGETED APPROPRIATION REQUIRED
$n /a $n /a $n /a
Fund Source: N/A
Comments: N/A
MTG. DATE 1 RECORD OF COUNCIL ACTION
08/28/06 I Forward to next Regular Meeting
I
MTG. DATE 1 ATTACHMENTS
08/28/06 Memorandum to Mayor and Finance Safety Committee, Dated 08/17/06
Ordinance No. 1998, Dated Nov. 18, 2002
Ordinance No. 2012, Dated Jan. 21, 2003
F&S Committee Meeting Minutes Aug. 21, 2006
09/05/06 I No attachments