HomeMy WebLinkAbout3432ORDINANCE NO. -3 q 33,_
AN ORDINANCE of the City Council of the City
of Kent, Washington, establishing the property tax levy for
1999 taxes and the 1999 budget for the City of Kent.
WHEREAS, pursuant to RCW 84.55.120 and after providing all
notice, the City Council held a public hearing on November 17, 1998, to consider the
of Kent's current expense budget for the 1999 calendar year; and
WHEREAS, after this hearing and after duly considering all
evidence and testimony presented, the City Council determined that the City of Kf
requires an increase in property tax revenue from the previous year's revenues, in additi
to the increase resulting from the addition of new construction and improvements
property, annexations and any increase in the value of state -assessed property and 1
refund fund levy, in order to discharge the expected expenses and obligations of the C
and in order to protect the best interests of the citizenry; and
WHEREAS, to best preserve the public health, safety and welfare and
order to best serve the citizens of Kent through a continued commitment to cap
improvements projects throughout the City, in addition to the increase resulting from
addition of new construction and improvements to property, annexations and any incrt
in the value of state -assessed property and the refund fund levy, an increase in the regi
property tax levy should be authorized to one hundred percent (100%) plus the percent
change in inflation as measured by the implicit price deflator for personal consumpf
Tax Levy - Estab[is,
which for 1999 taxes will be a .85 percent increase, from the previous year's property tax
levy, calculated to be $129,123.00; and
WHEREAS, pursuant to RCW 84.52.070, the City of Kent must, on or
before the thirtieth day of November in eacy year, certify to the county assessor the amount
of taxes levied upon property within the City for City purposes, provided that the, county
assessor has certified assessed values at least twelve working days before November 30;
and
WHEREAS, the City received the certified assessed values from the County
as required by RCW 84.48.130 on November 18,1998; and
WHEREAS, pursuant to RCW 84.52.010 and WAC 458-12-365, taxes shall
be levied in specific dollar amounts; NOW, THEREFORE,
THE CITY COUNCIL OF THE CITY OF KENT, WASHINGTON, DOES
HEREBY ORDAIN AS FOLLOWS:
SECTION]. Recitals Incorporated. The foregoing recitals are incorporated
4s if fully set forth herein.
SECTION 2. Levy. There is hereby levied against the property in the City j
pf Kent, Washington, an assessed value for the City's 1999 municipal tax in the following
mounts for the following funds:
A. For the General Fund, for the purpose of paying the general expenses of municipal
government: '
Fund
General Fund
Levy per $1,000 of
assessed valuation
(estimated)
2.9272
Amount
$17,175,994.00
2 Tax Levy -
B. For Voted Bond Interest and Redemption Fund, for the purpose of paying debt
service in the following amounts for the following funds:
Levy per $1,000 of
assessed valuation
Fund (estimated) Amount
Senior Housing W .0602 $ 353,210.00
General Obligation Refunding .2521 $1,479,203.00
SECTION 3. Limitation on Lew. The application of the general fund levy
shall be consistent with and not result in a tax revenue in excess of the limitation imposed
by RCW 84.55.010 and State Referendum 47, as passed by the voters in the November
1997 General Election.
SECTION 4. Adjustments. Administration shall administer the Annual
Budget and in doing so may authorize adjustments pursuant to RCW 35A.33.120.
SECTION S. - Severability. If any one or more sections, subsections, or
sentences of this Ordinance are held to be unconstitutional or invalid, such decision shall
not affect the validity of the remaining portion of this Ordinance and the same shall remain
in full force and effect.
SECTION 6. - Effective Date. This Ordinance shall take effect and be in
force five (5) days from and after its passage, approval, and publication as provided by law.
ATTEST:
Gi-F a
BRENDA JACOBE , ClY CLERK
t
3
Tax Levy - Established
APPROVED AS TO FORM:
ROG R A. LUBOVICH, CITY EY
PASSED: Sl day of e- C (_ t 1998.
Al
APPROVED: day of �_y-. L e z 11998.
PUBLISHED:1 'A
day of 1998.
I hereby certify that this is a true copy of Ordinance No. 3q3 -'L- passed
by the City Council of the City of Kent, Washington, and approved by the Mayor of the
City of Kent as hereon indicated.
EAL)
BRENDA JAC E ,CITY CLERK
P \LAN,Odmanu\TAXLEV98.ORD
4 Tax Levy - Established