HomeMy WebLinkAbout3430ORDINANCE NO. y 3 G
AN ORDINANCE of the City Council of the City of
Kent, Washington, authorizing a one hundred six percent
(106%) property tax levy limit factor for 1999 to protect the
City's future property tax levy capacity.
WHEREAS, pursuant to RCW 84.55. 120 and after providing all appropriate''
notice, the City Council held a public hearing on November 17, 1998, to consider the City
of Kent's current expense budget for the 1999 calendar year; and
WHEREAS, after this hearing and after duly considering all relevant
evidence and testimony presented, the City Council determined that the City of Kent
requires an increase in property tax revenue from the previous year's revenues, in addition
to the increase resulting from the addition of n( -%k construction and improvements to
property, annexations and any increase in the value of state -assessed property and the
refiind fined levy, in order to discharge the expected expenses and obligations of the City
and to protect t'.te best interests ofthe citizOnry; and
WHEREAS, the City intends to establish its actual 1999 property tax levy
increase, in addition to the increase resulting from the addition of new construction and
improvements to property, annexations and any increase in the value of state -assessed
property and the refund fund levy, to one hundred percent (100%) plus the percentage
chattgee in inflation as measured by the irnplicil price. deflator for personal consumption,
v,Thich for 1999 taxes will be a.85 percent increase from the previous year's property tax
levy; however, the level of services provided by the city have been impacted by recent
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growth and annexations and may be further impacted by a slowing of the economy in
region, therefore, the City finds a substantial need exists to preserve its tax levy limit fa
to preserve its future property tax levy capacity; and
WHEREAS, upon a finding of a "substantial need" and the vote of
majority plus one of the council, the City can adopt an ordinance protecting its future
levy capacity; and
WHEREAS, to best preserve the public health, safety and welfare, to
protect the City's future property tax levy capacity, and to best serve the citizens of Kent
by maintaining an appropriate level of service throughout the City, an increase in the
regular property tax levy limit factor, in addition to the increase resulting from the addition
of new construction and improvements to property, annexations and any increase in the
value of state -assessed property and the refund fund levy, should be authorized to one
hundred six percent (106%) which would allow an increase from the previous year's highest
allowable property tax levy in an amount currently estimated to be approximately
$911,457.00, NOW, THEREFORE.
THE CITY COUNCIL OF THE CITY OF KENT DOES HEREB
ORDAIN AS FOLLOWS:
SECTION]. Findings. The foregoing recitals are incorporated as if
set forth in the body of this ordinance;
SECTIONZ PropeM Tax Levy Limit Factor Authorized. Based on
foregoing findings that a substantial need exists to increase the regular property tax lev}
limit factor and to best protect the City's future property tax levy capacity, in addition tc
the increase resulting from the addition of new construction and improvements to property
annexations and any increase in the value of state -assessed property and the refund func
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levy, the regular property tax levy limit factor for 1999 is authorized to one hundred
percent (106%) which would allow a six (6) increase from the previous year's higl
allowable property tax levy in an amount currently estimated to be approximai
$911,457.00.
SECTION 3. Severability. If any section, sentence, clause or phrase of
ordinance should be held to be invalid or unconstitutional by a court of
jurisdiction, such invalidity or unconstitutionality shall not affect the validity
constitutionality of any other section, sentence, clause or phrase of this ordinance.
SECTION 4. Effective Date. This ordinance shall take effect and be
force five (5) days from and after the date of publication of this ordinance.
ATTEST:
G
BRENDA JACOBE , C Y CLERK
APPROVED AS TO FORM:
A. LUBOVICH,
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PASSED: �` day of c -f w , 1998.
APPROVED: = day of -e.« -✓1 Lt f , 1998.
PUBLISHED: // qday of1998.
r
I hereby certify that this is a true copy of Ordinance No. !Y 3C, gassed
the City Council of the City of Kent, Washington, and approved by the Mayor of the C
of Kent as hereon indicated.
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(SEAL)
BRENDA JACO R ITY CLERK
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