HomeMy WebLinkAboutORD 5354CITY OF RENTON,WASHINGTON
ORDINANCE NO.5354
AN ORDINANCE OF THE CITY OF RENTON,WASHINGTON,
SETTING THE THRESHOLD AND TAX RATES IN ACCORDANCE
WITH RCW 82.14.415 WITH RESPECT TO THE BENSON HILL
ANNEXATION.
WHEREAS,effective March 1,2008,the City of Renton will annex the Benson Hill
annexation area with an anticipated population of over 10,000 people but under 20,000 people;
and
WHEREAS,on December 10,2007,the City Council adopted Ordinance 5325
approving the City of Renton's 2008 Annual Budget;and
WHEREAS,the adopted budget included General Government operational costs
necessary to provide service to the area known as the Benson Hill annexation in the amount of
$10,762,913;and
WHEREAS,additional costs to provide city level of service to the annexed area will
result in total costs of at least $11,610,453;and
WHEREAS,revenue anticipated to be generated from activity within the annexation
area is estimated to be $8,519,409;and
WHEREAS,the City has an estimated 2009 budget for annexation related to expenses;
and
WHEREAS,the state operates on a different fiscal year than the City;and
WHEREAS,RCW 82.14.415 requires that the City Council determine a threshold
amount representing costs to serve the area less revenues to be generated by the area,as well as a
state sales tax rate to meet the financial needs of the annexed area;and
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ORDINANCE NO.5354
WHEREAS,blending the 2008 and 2009 annexation related expenses,so as to coincide
with the state budget,results in an estimated shortfall of $2,823,057;and
WHEREAS,the maximum sate tax assistance for an annexation of between 10,000 and
20,000 people is .1 %of the sales tax and for over 20,000 people the assistance is .2%of the sales
tax;
WHEREAS,the 2008 estimated sales tax in the City,per the City budget is $21,568,023
and the estimated sales tax from the annexation is $921,131 for an estimated sales tax assistance
total at .1 %for the City and the annexed area of $2,645,783;and
NOW,THEREFORE,THE CITY COUNCIL OF THE CITY OF RENTON,
WASHINGTON,DOES ORDAIN AS FOLLOWS:
SECTION I.Pursuant to RCW 82.14.415 the City Council determines that the
anticipated revenues from the Benson Hill annexed area are estimated to be $8,519,409 which
result in a threshold difference in the initial blended year of annexation to serve the area in the
amount of $2,823,057 and that a tax rate of .1 %should be imposed to assist the City in providing
services to the area within the annexation.
SECTION II.
(5)days after publication.
This ordinance shall be effective upon its passage,approval,and five
PASSED BY THE CITY COUNCIL this 25th day of February
Bonnie I.Walton,City Clerk
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,2008.
ORDINANCE NO.5354
APPROVED BY THE MAYOR this 25th day of February ,2008.
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Denis Law,Mayor
d:ppr d as to form:
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Lawrence J.Warren,City Attorney
Date of Publication:3/1/2008 (summary)
ORD.1441 :2/5/08:scr
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