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STATE OF WASHINGTON
County of Jefferson
In the Matter of Establishing a New Fund
to be Known as the Jefferson County
Affordable Housing Fund
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RESOLUTION NO, 35-02
WHEREAS, a new program approved during the 2002 Washington State Legislative
Session, by the passage of Substitute House Bill 2060, relates to funds for operating and maintenance of
low-income housing projects and for innovative housing demonstration projects; and,
WHEREAS, as a result of the passage of SHB 2060, County Auditors will apply a
surcharge of $10 to each document recorded in their respective County and 60% of the revenue
generated will be retained by the County to be deposited into a fund that must be used by the County and
its cities and towns for housing projects or units within housing project that are affordable to very low-
income persons with incomes at or below fifty percent of the area median income..
NO1¥, THEREFORE, BE IT RESOL VED, by the Jefferson County Commissioners, that
the Auditor is hereby authorized to establish a new Fund to be known as the Jefferson County
Affordable Housing Fund with the fund number 148-000-010. The 2002 budget for this Fund will be
established as listed on Attachment A to this resolution.
BE IT FURTHER RESOL VED, that the interest earned from the monies invested by the
Jefferson County Treasurer from this fund shall be deposited to the fund.
SEAL:
APP/30y¡fI/NfP ApOPTED this
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/ 1 - day ofÇ lR. ~~,
2002.
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ATTEST:
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Lorna Delaney, CMC (j
Clerk of the Board
Dan Titterness, Member
Fund # 148-000-010
Revenue:
341.36.00,0000
Expenditures:
551.50.41.0010
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JC AFFORDABLE HOUSING FUND
2002 Estimated Budget
Auditor's Document Preservation Surcharge
$ 27,000
Rent, Repair and Bldg Maint. Assistance
$ 27,000