CITY OF SEATTLE
ORDINANCE __________________
COUNCIL BILL __________________
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AN ORDINANCE pertaining to Admission Tax revenue; amending Section 5.40.120 of the Seattle Municipal Code; making technical corrections to Ordinance 125672.
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WHEREAS, on September 24, 2018 the Council passed Ordinance 125672 amending Section 5.40.120 of the Seattle Municipal Code to revise restrictions on use of Admission Tax revenue; and
WHEREAS, Ordinance 125672 contains a clerical error that omits a portion of an amendment recommended to the Full Council by the Select Committee on Civic Arenas on September 14, 2018; and
WHEREAS, correcting the error will fully effectuate the Council’s original intent; NOW, THEREFORE,
BE IT ORDAINED BY THE CITY OF SEATTLE AS FOLLOWS:
Section 1. Subsection 5.40.120.B of the Seattle Municipal Code, which section was last amended by Ordinance 125672, is amended as follows:
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B. Admission tax revenue in the General Fund shall be annually appropriated ((for payment of the City’s obligations under contracts with organizations that provide arts, sports, and cultural event opportunities, or shall be annually appropriated)):
1. To the Office of Arts and Culture to support the following purposes:
a. Arts-related programs and one-time capital expenditures that keep artists living, working, and creatively challenged in Seattle;
b. Initiatives and programs to build community through the arts and create opportunities for the public to intersect with artists and their work;
c. Initiatives and programs that provide art opportunities for youth in and out of school; and
2. For payment of the City’s rent adjustment obligations to Seattle Arena Company, LLC or its permitted successors and assigns under the Lease Agreement (Arena at Seattle Center) between The City of Seattle and Seattle Arena Company, LLC, Attachment 1 to ((the ordinance introduced as Council Bill 119345)) Ordinance 125669 (as may be amended or modified in accordance with its terms) (the “Arena Lease”), and only to the extent that such annual appropriation does not exceed the total admission tax revenues generated through operations of the arena at the Seattle Center for that calendar year, minus the amount of the Rent Adjustment Threshold for Admission Tax revenues identified in Article III, Section 6 of the Arena Lease.
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Section 2. This ordinance shall take effect and be in force 30 days after its approval by the Mayor, but if not approved and returned by the Mayor within ten days after presentation, it shall take effect as provided by Seattle Municipal Code Section 1.04.020.
Passed by the City Council the ________ day of _________________________, 2018, and signed by me in open session in authentication of its passage this _____ day of _________________________, 2018.
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President ____________ of the City Council
Approved by me this ________ day of _________________________, 2018.
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Jenny A. Durkan, Mayor
Filed by me this ________ day of _________________________, 2018.
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Monica Martinez Simmons, City Clerk
(Seal)