AN ORDINANCE pertaining to Admission Tax revenue received by the City; amending Section 5.40.120 of the Seattle Municipal Code to revise uses of Admission Tax revenue.
Agenda item to cancel Bill 119 344 pertaining to emission tax revenue received by the city amending section 5.40 point 124 Code to revise uses of admission tax Revenue Committee recommends the bill passed as amended. Councilmember Wallis, thank you. The Select Committee on Civic Arena has made a unanimous recommendation on September 14, 2018 that the City Council passed the Council bill as amended. I moved to amend Council Bill 119344 Section one B2 by replacing Council Bill with number 119344 with 139345 as presented on Amendment one. Okay. Okay. So let's just take the amendment first is somewhat of a technical build number change any questions on the amendment alone? So it's been moved in second to amend the bill by deleting the council bill number as described by Council Member Wars and adding a new bill number. All those in favor of the amendment, please say I. I oppose. The ayes have it. Councilmember Member Whereas you need to speak anymore to the base. Bill No, I don't. Thank you, Councilman Herbert. I'd like to share a few words. Thank you. I just want to thank the Select Committee, thank central staff Director Aristide for working with me to make some changes to the legislation before it came to full council. The the changes that we made in the Select Committee specified that the new use for admissions revenues applies only to the lease agreement for the arena and only with respect to the admissions tax generated through the operations of the new arena. The reason why this is so important is back in 2017, the city I'm sorry, 2015, the city council passed legislation allocating 75% of all of the ad tax revenue to go to fund the Office of Arts and Culture in the next year in 2016. The City Council sort of made a commitment to a multi-year ramp up of of admissions tax with 20 in 2016 going up to up to 80% in 2017 going up to 90%. And in 2018, just last year, we brought it up to 100%. So this this legislation that is as it is before us today, allows us to maintain that commitment to the Office of Arts and Culture. So thank you. Thanks for those comments, Councilman Herbold. Any further comments before we vote? Please call the rule on the passage of the amended bill. Gonzalez I. Herbold I. JOHNSON Whereas. O'BRIEN All right. So aren't I. BAGSHAW High President Harrow High eight in favor and unopposed. Bill Pass in show assignment, please read agenda item number three.