HomeMy WebLinkAbout3727Ordinance No. 3727
(Amending or Repealing Ordinances)
CFN=104 - Finance
Passed - 12/14/2004
Property Tax Levied (1% Plus Banked Capacity) - 2005 Budget
ORDINANCE NO. 2 7a '7
AN ORDINANCE of the City Council of the City of
Kent, Washington, levying 2004 property taxes for the 2005
budget for the City of Kent.
RECITALS
A. Pursuant to RCW 84.55.120 and after providing all appropriate notice, the
City Council held a public hearing on September 21, 2004, to consider the City of Kent's
proposed operating and capital budget for the 2005 calendar year, and held a public hearing
on November 16, 2004, to address the City's 2004 property tax levy, revenues, and limit
as well as the proposed 2005 budget.
B. In accordance with RCW 84.55.120, any increase in property tax revenue
than that resulting from the addition of new construction and improvements to
rty, annexations, and any increase in the value of state -assessed property and the
I fund levy, requires the adoption of a separate ordinance from the tax levy ordinance
authorizing the increase in terms of both dollars and percentage.
C. The City Council finds that in order to best protect the public health, safety,
welfare, to protect the City's future property tax levy capacity, to serve the citizens of
t by maintaining an appropriate level of service throughout the City, to appropriately
Property Tire Levied (I%, Plus
Banked Capacity) - 2005 Budget
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, the
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 maximum allowed property tax levy, including the City's banked property
tax capacity, plus the statutorily allowed one (1) percent increase for inflation.
D. Pursuant to RCW 84.52.010 and WAC 458-12-365, taxes shall be levied in
dollar amounts.
NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF KENT,
ASHINGTON, DOES HEREBY ORDAIN AS FOLLOWS:
ORDINANCE
SECTION]. –Recitals Incorporated. The foregoing recitals are incorporated into
ordinance.
SECTION 2. – Property Tax Levied. There is hereby levied against the assessed
of the property in the City of Kent, Washington, a tax for the City's 2005 budget in the
amounts for the following funds:
For the General Fund, for the purpose of paying the general expenses of municipal
government:
Levy per $1,000 of
assessed valuation Do1larAmount
Fund (estimated)
General Fund 2.7296 $24,015,549
2 Property Tax Levied (I %, Plus
Banked Capacity) - 2005 Budget
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 DollarAmo
Fund (estimated)
General Obligation Refunding 0.2029 $1,785,000
(Public Safety and Senior Housing)
C. Total General Fund and Voted Bond Interest and Redemption Fund:
Levy per $1,000 of
assessed valuation DollarAmou
(estimated)
TOTAL LEVY 2.9325 $25,800,549
SECTION 3. -Limitation on Lev v The application of the General Fund levy shall
consistent with and shall not result in a tax revenue in excess of the limitation imposed
RCW 84.55.010.
SECTION 4. -Adjustments. City administration shall administer the Annual
and in doing so may authorize adjustments pursuant to RCW 35A.33.120.
SECTIONS. - Severability If any one or more sections, subsections, or sentences
ordinance are held to be unconstitutional or invalid, such decision shall not affect the
city of the remaining portion of this ordinance and the same shall remain in full force
effect.
SECTION& - Effective Date This ordinance shall take effect and be in force five
days from and after its passage, approval, and publication as provided by law.
MAYOR
Property Tax Levied (I%, Plus
Banked Capacity) - 2005 Budget
BRENDA JACOBER, dTY CLERK
APPROVED AS TO FORM:
X r,�q Lt.
M
TOBRUBAKER, CITY ATTORNEY'
PASSED: / LI day of December, 2004.
APPROVED: / y day of December, 2004.
PUBLISHED: Ie day of December, 2004.
I hereby certify that this is a true copy of Ordinance No. .5 7a 7 passed by the
City Council of the City of Kent, Washington, and approved by the Mayor of the City of
Kent as hereon indicated.
BRENDA JACOBE ,CITY CLERK
4 Property Tax Levied (I %, Plus
Banked Capacity) - 2005 Budget