HomeMy WebLinkAboutReg 2014-05-05 Item 4G - Agreement - Parks Property Tax Levy Agreement with King County ($56,679 Estimated Proceeds)COUNCIL AGI-f:NDA SYNOPSIS
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`)I'( ) NC llt I I ( ofiiirr/ I I A la3or I IR 1)C17 I'll7(117(( 17,o e I I E I 'Z'R 1)011 I PH'
,,),( 20/12 )it''-, On August 6, 2013, King County voters overwhelmingly approved a six-year, 18.77-cent
\I\I \io parks property tax levy which is expected to generate $62 million in 2014. The levy, also
referred to as the Conservation Futures Tax (CFT), requires a portion of these funds be
distributed to the cities of King County for local parks and recreation system projects. King
County's 2014 estimate of levy proceeds to the City is $56,679.
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Art:, Comm. Park:, Comm. _ Planning Comm.
COMMITTEE! CHAIR: \IR DUFFIE
RECOMMENDATIONS:
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\ii\ Parks and Recreation Department
ITEM INFORMATION
ITEM No.
4.G.
SI \I I SP( )NS( )k: RICK STILL IN \I \c,1 [Ni) ,\ I 4/29/14
\( 1 \ [ ) II \I ii 1 II King
County Parks Tax Levy
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`)I'( ) NC llt I I ( ofiiirr/ I I A la3or I IR 1)C17 I'll7(117(( 17,o e I I E I 'Z'R 1)011 I PH'
,,),( 20/12 )it''-, On August 6, 2013, King County voters overwhelmingly approved a six-year, 18.77-cent
\I\I \io parks property tax levy which is expected to generate $62 million in 2014. The levy, also
referred to as the Conservation Futures Tax (CFT), requires a portion of these funds be
distributed to the cities of King County for local parks and recreation system projects. King
County's 2014 estimate of levy proceeds to the City is $56,679.
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D \ I r 4/29/14
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Art:, Comm. Park:, Comm. _ Planning Comm.
COMMITTEE! CHAIR: \IR DUFFIE
RECOMMENDATIONS:
)\( )i</ \I)
( ( /11/11111CC
\ii\ Parks and Recreation Department
Unanimous Approval; Forward to 5/5/14 consent agenda
COST IMPACT / FUND SOURCE
1 \II \DI' IRI 1 1 (.2,t lio 1) AmouN r Buixit 1 1 i) AppRopRin 1 IoN REQUIRED
$0 $0 $0
Fund Source:
C'ominciiis
MTG. DATE
RECORD OF COUNCIL ACTION
4/28/14
Forward to 5/5/14 Regular Meeting
MTG. DATE
ATTACHMENTS
5/5/14
Information Memorandum dated 4/23/14
King County Ordinance 17568
Parks Property Tax Levy Agreement
Minutes from the Community Affairs and Parks Committee meeting dated 4/29/14
5/05/14
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