The Council of the city finds and declares as follows:
(A) Adequate school facilities should be available for children residing in the city school district;
(B) Public and private residential developments may require the expansion of existing facilities and/or the construction of new school facilities;
(C) In the school district, funds for the construction of new classroom facilities are not available when new development occurs, resulting in the overcrowding of existing schools;
(D) New housing developments frequently cause conditions of overcrowding in existing school facilities which cannot be alleviated under existing law within a reasonable period of time; and
(E) For the above reasons, new and improved methods of financing for interim school facilities necessitated by new development are needed in the city.
(1994 Code, § 16.24.020) (Ord. 78-104, passed - -1978)