HomeMy WebLinkAbout3532Ordinance No. 3532
["Beginning July 1, 1998"]
(Amending or Repealing Ordinances)
AMENDED by Ord 3539
ORDINANCE NO. J5202—
AN
52OZ
AN ORDINANCE of the City Council of the City of
Kent, Washington, establishing the 2001 tax levy and
authorizing a 2.0% increase in the 2000 levy of property taxes
for collection in the year 2001 in addition to increases
resulting from the addition of new construction and
improvements to property, and any increase in the value of
state -assessed property, the refund fund levy, and annexed
properties.
WHEREAS, pursuant to RCW 84.55.120 and after providing all
appropriate notice, the City Council held a public hearing on September 19, 2000, to
consider the City of Kent's proposed operating and capital budget for the 2001 calendar
year, and held a public hearing on November 21, 2000, to address the City's 2000 property
tax levy, revenues and limit factors, as well as the proposed 2001 budget; and
WHEREAS, after these hearings, and after duly considering all relevant
evidence and testimony presented, the City Council determined for the 2001 budget year
to reduce the City's property tax levy rate approximately 5.8% by limiting the property tax
increase to 2.0% for inflation, as measured by the implicit price deflator ("IPD"), as
defined by Referendum 47, over the 1999 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 of state -assessed property, the refund fund levy, and annexed
properties; and
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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
of state -assessed property, the refund fund levy, and annexed properties—should be
established at the previous year's property tax levy, plus a 2.0 % increase for inflation;
NOW, THEREFORE,
THE CITY COUNCIL OF THE CITY OF KENT, WASHINGTON, DOES
HEREBY ORDAIN AS FOLLOWS:
SECTION 1. Recitals Incorporated. The City Council finds that the
foregoing recitals are incorporated as if fully set forth herein.
SECTION 2. Property Tax Levy 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, the refund fund levy, and annexed
properties, the 2000 regular property tax levy for 2001 budget is established at the previous
year's property tax, plus 2.0% for inflation, which is less than the implicit price deflator
("MD"). This 2000 levy includes a 2.0% for inflation, or $377,951 from the 1999 actual
property tax levy. Based on increases in total average property valuation, however, the
total 2000 property tax levy rate amount constitutes an estimated 5.8% 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 2001 municipal tax in the following
amounts for the following funds:
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A. For the General Fund, for the purpose of paying the general expenses of municipal
government:
Levy per $1,000 of
assessed valuation
Fund (estimated_ Amount
General Fund 2.778 $19,819,927.00
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
General Obligation Refunding .2383 $1,700,000.00
SECTION 4. Limitation on Lew. The application of the general fund
shall be consistent with and not result in a tax levy in excess of the limitation imposed
RCW 84.55.010 and State Referendum 47, as passed by the voters in the November 1997
General Election.
SECTION S. Adjustments. Administration shall administer the
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 PP -90 TT-' /j'J
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ATTEST:
BRENDA JACOBER, C T CLERK - - ,
APPROVED AS TO FORM:
A. LUBOVICH, FiY ATTORNEY
PASSED: day of f�aG� Ge—v�T—GY�t/ , 2000.
APPROVED: day of /L , 2000.
PUBLISHED: S day of , 2000.
I hereby certify that this is a true copy of Ordinance No. 95'j , 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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• • �•:R, CITY CLERK
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