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Ord 2532 - Amendment to Privilege Tax Ord 2114 & 2145COUNCIL BILL NO. 3000 ORDINANCE NO. 2532 AN ORDINANCE AMENDING ORDINANCE 2114 (THE PORTLAND GENERAL ELECTRIC PRIVILEGE TAX ORDINANCE) AND ORDINANCE 2145 (THE NORTHWEST NATURAL GAS PRIVILEGE TAX ORDINANCE) TO ALLOW PRIVILEGE TAX PROCEEDS TO BE USED FOR STREET MAINTENANCE AND STREET LIGHTING PURPOSES WHEREAS, in 1993, Ordinance 2114 imposed a privilege tax in the amount of one and one-half percent (1.5%) on the gross revenues of the Portland General Electric Company pursuant to Oregon state law; and WHEREAS, in 1995, Ordinance 2145 imposed a privilege tax in the amount of two percent (2%) on the gross revenues of the Northwest Natural Gas Company pursuant to Oregon state law; and WHEREAS, both Ordinance 2114 and 2145 specify that privilege fax proceeds be dedicated to the funding of transportation improvement projects identified in the City's Capital Improvement Plan; and WHEREAS, Section 3 (B). General Fund Budget of the City Council's FY 2016-17 Financial Plan states: "The highest priority shall be to conserve General Fund discretionary resources and fund high priority programs as defined by the City Council and City Administrator;" and WHEREAS, historically, the City's General Fund has contributed $130,000 annually in discretionary resources to offset the Street Fund's annual street lighting costs, a financial contribution the General Fund is struggling to pay in light of projected shortfalls (revenue over expenses) and other program reductions; and WHEREAS, the City Council can allow the use of Privilege Tax revenues to pay for the full costs of street lighting services, thus saving the General Fund $130,0000 annually (current year) to be used for addressing current and projected General Fund shortfalls and supporting critical General Fund services and programs; NOW, THEREFORE, THE CITY OF WOODBURN ORDAINS AS FOLLOWS: Section 1. Section 4 of Ordinance 2114 is amended to read as follows: Page- 1 - Council Bill No. 3000 Ordinance No. 2532 Section 4. Use of Proceeds. The proceeds derived from this ordinance shall be dedicated to funding of transportation improvement projects identified in the Woodburn Capital Improvement Program, street maintenance and street lighting.. Section 2. Section 4 of Ordinance 2145 is amended to read as follows: Section 4. Use of Proceeds. The proceeds derived from this ordinance shall be dedicated to funding of transportation improvement projects identified in the Woodburn Capital Improvement Program, street maintenance and street lighting. Approved as to form: City Attorney as wzs� -s Passed by the Council Submitted to the Mayor Approved by the Mayor Filed in the Office of the Recorder ATTEST: Heather Pierson, City Recorder City of Woodburn, Oregon Page- 2 - Council Bill No. 3000 Ordinance No, 2532 Kathryn Figley, f0a)(or A, f n V11) M