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HomeMy WebLinkAbout3668ORDINANCE NO. & (0 '6 $ AN ORDINANCE of the City Council of the City of Kent, Washington, authorizing the 2003 property tax levy for the 2004 budget at the previous year's tax levy, with a statutorily allowed one (1) percent increase for inflation, together with any increases resulting from the addition of new construction and improvements to property, from any increase in the value of state -assessed property, from the refund fund levy, and from annexed properties. WHEREAS, pursuant to RCW 84.55.120 and after providing all notice, the City Council held a public hearing on September 16, 2003, to consider the Ci of Kent's proposed operating and capital budget for the 2004 calendar year, and held public hearing on November 18, 2003, to address the City's 2003 property tax ley revenues, and limit factors, as well as the proposed 2004 budget; and WHEREAS, pursuant to RCW 84.55.120, any increase in property revenue other than that resulting from the addition of new construction and improvemf to property, annexations, and any increase in the value of state -assessed property and refund fund levy, requires the adoption of a separate ordinance from the tax levy ordrna specifically authorizing the increase in terms of both dollars and percentage; and WHEREAS, the City Council finds that to best protect the public safety, and welfare, to best protect the City's future property tax levy capacity, to best ser the citizens of Kent by maintaining an appropriate level of service throughout the City, 1 Tax Levy Adjustment Aug 2004 appropriately discharge the City's expected expenses and obligations, and to best serve the citizens of Kent through a continued commitment to capital improvements throughout the City, a substantial need exists to increase its tax levy over last year; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF KENT, WASHINGTON, DOES HEREBY ORDAIN AS FOLLOWS: SECTION 1. - Recitals Incorporated. The foregoing recitals are incorporated into this ordinance. SECTION 2. -Property Tax Levy Authorized. In addition to the increase resulting from new construction and improvements to property, from annexations, from any increase in the value of state -assessed property, and from the refund fund levy, the 2003 regular property tax dollar levy for the 2004 budget is authorized at the previous year's property tax levy, plus a one (1) percent increase, representing $217,043. SECTION 3. - Severabalaty. If any one or more sections, subsections, sentences of this ordinance are held to be unconstitutional or invalid, such decision not affect the validity of the remaining portion of this ordinance and the same shall in full force and effect. SECTION 4. - Effective Date. This ordinance shall take effect and be force five (5) days from and after its passage, approval, and publication as provided by law. 2 Tax Levy Adjustment Auj 2004 ATTEST: �.i BRENDA JACOBER, CffY CLERK APPROVED AS TO FORM: TOM BRUBAKER, CITY ATTORNEY PASSED: 9 day of December, 2003. APPROVED: 9 day of December, 2003. PUBLISHED: 3 day of December, 2003. I hereby certify that this is a true copy of Ordinance No. -N49 by the City Council of the City of Kent, Washington, and approved by the Mayor City of Kent as hereon indicated. P \QnhORDINANCEIiazl vyln aseEsbbhshed-2004 dm a �o-'L`�� (SEAL) BRENDA JACOB CITY CLERK 3 Tax Levy Adjustment Auj 2004