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3063 Repeal Desert Point TIA Ord 3048ORDINANCE NO. 3063 AN ORDINANCE OF THE CITY OF MOSES LAKE, WASHINGTON, REPEALING ORDINANCE NO 3048 DESIGNATING THE DESERT POINT TAX INCREMENT AREA; SETTING A SUNSET DATE FOR THE INCREMENT AREA; IDENTIFYING THE PUBLIC IMPROVEMENTS TO BE FINANCED; INDICATING THE CITY’S INTENT TO ISSUE BONDS TO FINANCE PUBLIC IMPROVEMENT COSTS IN A MAXIMUM PRINCIPAL AMOUNT NOT TO EXCEED $14,000,000: PROVIDING THAT THE INCREMENT AREA WILL TAKE EFFECT ON JUNE 1, 2024; IMPOSING A DEADLINE FOR COMMENCEMENT OF CONSTRUCTION; AND PROVIDING FOR RELATED MATTERS Recitals: 1. The City Council adopted Ordinance No. 3048 on May 14, 2024, which established the Desert Point Tax Increment Area (“TIA”). 2. Ordinance No. 3048 provides that the City will finance the public improvements within the TIA with revenues raised by the issuance of limited tax obligation bonds. 3. The City Council has determined in its legislative discretion that it is not currently in the City’s best interests to issue limited tax obligation bonds. 4. The City Council desires to repeal Ordinance No. 3048 in its entirety. THE CITY COUNCIL OF THE CITY OF MOSES LAKE, WASHINGTON, DO ORDAIN AS FOLLOWS: Section 1. Repeal. Moses Lake Ordinance No. 3048 adopted on May 14, 2024, is hereby repealed in its entirety and shall have no further force and effect. Section 2. Severability. The provisions of this ordinance are declared to be separate and severable. If any clause, sentence, paragraph, subdivision, section, subsection or portion of this ordinance, or the application thereof to any person or circumstance, is held to be invalid, it shall not affect the validity of the remainder of this ordinance, or the validity of its application to other persons or circumstances. Section 3. Corrections. The City Clerk and the codifiers of this ordinance are authorized by the Moses Lake City Council to make necessary clerical corrections to this ordinance including, but not limited to, Document Ref: ZUTV4-AZZQJ-TJC5K-WCGCP Page 1 of 2 Page 2 of 2 the correction of scrivener’s/clerical errors, references, ordinance numbering, section/subsection numbers, and any references thereto which do not change the substantive meaning of the ordinance. Section 4. Effective Date. This ordinance shall take effect and be in force five (5) days after its passage and publication of its summary as provided by law. ADOPTED by the City Council of the City of Moses Lake, Washington and signed by its Mayor on November 26, 2024. ____________________________________ Dustin Swartz, Mayor ATTEST: APPROVED AS TO FORM: ________________________________ ________________________________ Debbie Burke, City Clerk Katherine L. Kenison, City Attorney Martinez Swartz Myers Fancher Madewell Lombardi Skaug Vote:Aye Aye Aye Aye Aye Aye Aye Date Published: December 3, 2024 Date Effective: December 8, 2024 Document Ref: ZUTV4-AZZQJ-TJC5K-WCGCP Page 2 of 2 Signature Certificate Reference number: ZUTV4-AZZQJ-TJC5K-WCGCP Document completed by all parties on: 06 Dec 2024 16:43:38 UTC Page 1 of 1 Signer Timestamp Signature Mayor Dustin Swartz Email: dswartz@cityofml.com Recipient Verification: Sent:04 Dec 2024 16:23:26 UTC Viewed:04 Dec 2024 20:33:58 UTC Signed:04 Dec 2024 20:34:22 UTC ✔Email verified 04 Dec 2024 20:33:58 UTC IP address: 74.82.240.250 Location: Wenatchee, United States Katherine Kenison Email: kkenison@basinlaw.com Recipient Verification: Sent:04 Dec 2024 16:23:26 UTC Viewed:05 Dec 2024 23:54:07 UTC Signed:05 Dec 2024 23:54:42 UTC ✔Email verified 05 Dec 2024 23:54:07 UTC IP address: 66.243.242.17 Location: Ellensburg, United States Debbie Burke Email: dburke@cityofml.com Recipient Verification: Sent:04 Dec 2024 16:23:26 UTC Viewed:06 Dec 2024 16:43:21 UTC Signed:06 Dec 2024 16:43:38 UTC ✔Email verified 06 Dec 2024 16:43:21 UTC IP address: 63.135.54.162 Location: Moses Lake, United States Signed with PandaDoc PandaDoc is a document workflow and certified eSignature solution trusted by 50,000+ companies worldwide.