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2071 - Resolution - Contract with Kitsap County Regarding Allocation of SHB2060 FundsRESOLUTION NO. 2071 A RESOLUTION OF THE CTIY OF PORT ORCHARD, WASHINGTON, AUTHORIZING THE MAYOR TO EXECUTE AN INTERLOCAL AGREEMENT REGARDING THE ALLOCATION OF SHB 2060 SURCHARGE FUNDS TO VERY LOW INCOME HOUSING PROJECTS IN KITSAP COUN1Y AND ITS INCORPORATED CillES WHEREAS, in 2002 the State enacted SHB2060, 2002 Washington Laws Ch. 294, relating to funding the operation and maintenance of low income housing projects; and WHEREAS, pursuant to the legislation, revenue generated through a surcharge on recording documents may be used by Kitsap County and its cities and towns for housing projects that are affordable to very low income persons; and WHEREAS, the portion of the surcharge retained by a county shall be allocated to very low income housing projects or units. within the county and its cities and towns according to an Interlocal Agreement; and WHEREAS, the Kitsap County and its incorporated cities have worked together to prepare a set of Guiding Principals that will serve as a framework for allocating the surcharge monies to various projects for very low income persons; and WHEREAS, the City supports the general purpose of the Interlocal Agreement, but has concerns with specific provisions of the agreement and in the near future intends to propose amendments for the County and the cities to consider; now, therefore, THE CITY COUNCIL OF THE CITY OF PORT ORCHARD, WASHINGTON, HEREBY RESOLVES AS FOLLOWS: THAT: The Mayor of the City of Port Orchard is hereby authorized to sign the Interlocal Agreement regarding allocation of SHB2060 surcharge funds, a copy of which is attached hereto and incorporated by this reference; provided, unless the Agreement is amended to the satisfaction of a majority of the Port Orchard City Council, the Mayor shall terminate the City's participation in the Agreement pursuant to Section 9.2, effective not later than December 31, 2004. PASSED by the City Council of the City of Port Orchard, SIGNED by the Mayor and attested by the Clerk in authentication of such passage this 14th day of June 2004. KIM E. ABEL, MAYOR ATTEST: Michelle Merlino, Deputy City Clerk