HomeMy WebLinkAbout3493Ordinance No. 3493
["Beginning July 1, 1998"]
(Amending or Repealing Ordinances)
Readopting, re-enacting, ratifying and confirming by Ord. 3533
ORDINANCE NO. 30 3
AN ORDINANCE of the City Council of the City of
Kent, Washington, establishing the 2000 tax levy and
authorizing no increase in year 2000 property tax revenues
over the 1999 highest allowable property tax revenues and no
increase for inflation.
WHEREAS, pursuant to RCW 84.55.120 and after providing all
appropriate notice, the City Council held a public hearing on November 16, 1999, to
consider the City of Kent's current expense budget for the 2000 calendar year, and held a
separate meeting on November 23, 1999, at a special City Council meeting to address the
City's 2000 property tax levy, revenues and limit factors; and
WHEREAS, after these hearings, and after duly considering all relevant)
evidence and testimony presented, the City Council determined for the 2000 budget year
to reduce the City's property tax levy rate approximately 1.1 % by establishing no property
tax rate increase for inflation, and by establishing no property tax revenue increase over the
1999 highest allowable property tax revenue, in addition to the increase resulting from the
addition of new construction and improvements to property, and any increase in the value
of state -assessed property and the refund fund levy; and
WHEREAS, to best preserve the public health, safety and welfare, to
appropriately discharge the expected expenses and obligations of the City, and to best serve
the citizens of Kent through a continued commitment to capital improvements throughout
the City, the regular property tax levy—in addition to the increase resulting from the
addition of new construction and improvements to property, and any increase in the value
1 Tax Levy - 2000
of state -assessed property and the refund fund levy—should be established at the previous
year's highest allowable property tax revenues, plus a zero percent (0%) increase for
inflation; NOW, THEREFORE,
THE CITY COUNCIL OF THE CITY OF KENT, WASHINGTON, DOES
HEREBY ORDAIN AS FOLLOWS:
SECTION 1. Recitals Inco orated. The City Council finds that the
foregoing recitals are incorporated as if fully set forth herein.
SECTION 2. Property Tax Lew Rate and Maximum Allowable Revenue
Established. 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, the regular property tax levy for 2000 is established at
the previous year's highest allowable levy. This 2000 levy includes no additional increase
for inflation. Because the City did not assess the fully authorized amount of the 1999 tax
levy, the 2000 property tax revenue will increase $1,021,124, a 5.95% increase from the
1999 actual property tax revenue. Based on increases in total average property valuation,
however, the total 2000 property tax revenue amount constitutes an estimated 1.1%
decrease in the total property tax levy rate.
SECTION 3. Levy. There is hereby levied against the property in the City
of Kent, Washington, an assessed value for the City's 2000 municipal tax in the following
amounts 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)
2.921
Amount
$18,897,553.00
2 Tax Levy - 2000
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 .0544 $ 352,440.00
General Obligation Refunding .2285 $1,478,353.00
SECTION 4. Limitation on Lew. The application of the general fund
shall be consistent with and not result in a tax revenue in excess of the limitation
by RCW 84.55.010 and State Referendum 47, as passed by the voters in the Novemb
1997 General Election.
SECTION 5. Adjustments. Administration shall administer the Annual
Budget and in doing so may authorize adjustments pursuant to RCW 35A.33.120.
SECTION 6. 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 7. 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.
MAYOR
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I ATTEST:
BRENDA JACOB�,TY CLERK
APPROVED AS TO FORM:
ROGER A. LUBOVICH, CITY ATTORNEY
PASSED: day of , 1999.
APPROVED: a day of _'1999.
PUBLISHED: a % day of f✓ , 1999.
I hereby certify that this is a true copy of Ordinance No. 35/ 93 , passed by the
City Council of the City of Kent, Washington, and approved by the Mayor of the City of
Kent as hereon indicated.
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a� D (SEAL)
BRENDA JA R, CITY CLERK
4 Tax Levy - 2000