HomeMy WebLinkAboutR-2392 - Establishing the intention to designate an area to provide for a property tax exemption for the value of new construction for industrial/manufacturingRESOLUTION NO. ~ ] 1 2._
A RESOLUTION OF THE CITY OF MARYSVILLE ESTABLISHING THE
INTENTION TO DESIGNATE AN AREA TO PROVIDE FOR A
PROPERTY TAX EXEMPTION FOR THE VALUE OF NEW
CONSTRUCTION FOR INDUSTRIAL / MANUFACTURING
INDUSTRIES AND TO ESTABLISH THE TIME AND PLACE FOR A
PUBLIC HEARING ON THE PROPOSAL.
WHEREAS, the State of Washington passed Engrossed Senate Bill 5761 providing for property
tax exemption for the value of new construction of industrial/manufacturing facilities in
targeted urban areas ; and
WHEREAS, the City of Marysville qualifies for this property tax exemption based on the act
criteria, that it has planned under the growth management act, and zoned lands for industrial
and manufacturing use; and
WHEREAS, THE City of Marysville has determined that the targeting of an industrial and
manufacturing area for property tax exemption will assist in the new construction of
industrial/manufacturing facilities that will provide employment for family living wage jobs; and
WHEREAS, there is the need for additional family wage jobs in Marysville to support the
growing community, to diversify the economic base and have susta in able economic growth;
and
WHEREAS, the City of Marysville passed Joint Resolution No. 2011 -001 on December 12, 2011,
supporting regional coordination of a manufacturing and industrial center and support to the
Boeing Company and manufacturing and supplier expansion in the North Snohomish County
area; and
WHEREAS, the City of Marysville has developable land, multi-modal transportation, the capacity
to locate new manufacturing and industrial facilities , and a goal to advance economic
development; and
WHEREAS, the Snohomish County Council passed Ordinance 16-011 on March 23, 2016, to
implement Engrossed Senate Bill 5761 to exempt the County portion of the property tax for the
value of new construction of industrial/manufacturing facilities in targeted urban areas;
NOW THEREFORE, BE IT RESOLVED:
1. That the city of Marysville proposes to designate the property as shown on Exhibit 1 as
an area where property owners can apply and be granted a property tax exemption for
manufacturi ng and industrial facilities which qualify under Engrossed Senate Bill 5761 .
2. That on April 25, 2016 at 7:00 pm there will be a public hearing on the proposal and
ordinance at the City Hall Council Chambers, 1049 State Avenue, Marysville WA 98270
PASSED by the City Council and APPROVED by the Mayor this 4th day of April, 2016.
CITY OF MARYSVILLE
JO~~n
APRILOBRIEN, Deputy City Cle rk
Approved as to form :
EXHIBIT -1
ESB 5761 Property Tax
Exemption Boundary
10/22/2015
132ND P NE
138TH PL NE
138TH ST NE
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~ Property Tax Exemption Area
Open Right-of-way
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Parcels
Marysville city limits