Resolution No. 04-72 CITY OF TIGARD,OREGON
RESOLUTION NO.04-"Z
A RESOLUTION OF THE TIGARD CITY COUNCIL CONFIRMING THE COMMITMENT OF A
THREE YEAR PHASE-IN OF TAXES FOR BULL MOUNTAIN RESIDENTS UPON ANNEXATION
OF THE BULL MOUNTAIN AREA.
WHEREAS,the City of Tigard has made a commitment to be the provider of urban services for the Bull
Mountain area;and
WHEREAS,the City of Tigard's commitment to provide urban services to the Bull Mountain area has
been formalized in the 1983 Urban Planning Area Agreement and the 1997 Urban Services Area
Agreement;and
WHEREAS,the 2004 Bull Mountain Annexation Plan identifies that the estimated property taxes Bull
Mountain residents would pay upon annexation to receive city services would increase;and
WHEREAS,the Tigard City Council has stated in public meetings that a phase-in of the City's
permanent tax rate of$2.5131 per$1,000 assessed value,and the bonded indebtedness related to the
construction of the new Tigard library would occur;and
WHEREAS,the City of Tigard has placed the Bull Mountain Annexation on the November 2,2004
ballot.
NOW,THEREFORE,BE IT RESOLVED by the Tigard City Council that:
SECTION 1: If the Bull Mountain Annexation is approved by the voters of Bull Mountain and the
City of Tigard on November 2,2004,the City of Tigard shall phase-in the city taxes for
Bull Mountain residents effective July 1,2005 as follows:
Year 1 Fiscal Year 2005-06 50%of the permanent tax rate
Year 2 Fiscal Year 2006-07 75%of the permanent tax rate
Year 3 Fiscal Year 2007-08 100%of the permanent tax rate
SECTION 2: This resolution is effective immediately upon passage.
PASSED: This la day of� � __2004.
1
j' Mayor City of Tigard
ATTEST:
Dcofty City Recorder-City of Tigard ph, j.�;d,,W„
RESOLUTION NO.04-92—
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