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RES 18-012RESOLUTION NO. 18-012 ARES LUII iNfinding and declaring a substantial need for using the 101% limit factor under RCW Chapter 84.55. WHEREAS, the Council of the City of Camas has met and considered its budget for the calendar year 2019; and WHEREAS, under RCW 84.55.005(2)(c), the limit factor is the lesser of 101% or 100% plus inflation; and WHEREAS, the implicit price deflator for the 2019 tax year has been calculated to be 2.169%, and WHEREAS, increased demands upon the resources of the City in the coming year require additional resources to provide services in the area of public safety, transportation, parks and recreation and facilities; and WHEREAS, the Council of the City of Camas after considering all relevant evidence and testimony presented, has determined that there is a substantial need to set the levy limit factor at 1 % to ensure adequate funding for the public health and safety and welfare in future years; and WHEREAS, RCW 84.55.0101 provides for use of the limit factor of 101 % or less, with a finding of substantial need by a vote of majority plus one of the Council Members. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF CAMAS as follows: SECTION I The City Council finds and declares that there is a substantial need for using the 101% limit factor under RCW Chapter 84.55 in setting the 2019 property tax levy for collection in 2019. RESOEU11W NO. 18-012 SECTION II This finding of substantial need applies to the City's General Fund. SECTION III This finding of substantial need to use the limit factor of 101% as permitted by RCW 8.4.55 is made by a majority plus one vote of the City Council, as required by RCW 84.55.0101,. and is embodied in a separate resolution as required by RCW 84.55.120. SECTION IV Based upon this finding of substantial need, the increase in the 2019 regular property tax levy for collection in calendar year 2019 shall be one percent (1 %), which is 101 % of the highest amount of regular property taxes that maybe lawfully levied in this taxing district. PASSED by a majority plus one vote of the Council of the City of Camas and APPROVED by the Mayor this 19th day of November, 2018. ��- Mayor ATTEST: Clerk APPROVED as to form: City Attorney