HomeMy WebLinkAboutORD 4810 CITY OF RENTON, WASHINGTON
ORDINANCE NO 4 810
AN ORDINANCE OF THE CITY OF RENTON, WASHINGTON,
AUTHORIZING AN INCREASE NOT TO EXCEED SIX PERCENT (6%)
IN THE REGULAR PROPERTY TAX COLLECTIONS FOR THE YEAR
2000.
WHEREAS, the City Council, pursuant to RCW 84.55.120, held a public hearing on
November 1, 1999 to consider the revenue sources for the current expense funds of the City; and
WHEREAS, after hearing and duly considering all relevant evidence and testimony
presented, the City Council has determined that a substantial need exists to increase the regular
property tax levy by an amount not to exceed 6% to preserve the public health, safety and
welfare, and to best serve the citizens of the City of Renton;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RENTON,
WASHINGTON, DO ORDAIN AS FOLLOWS:
SECTION I. As prescribed by RCW 84.55.010 and RCW 84.55.0101 and as adopted by
the City Council, the City of Renton has the authority to increase the property tax levy by the limit
factor of 6%, plus an additional dollar amount calculated by multiplying the increase in assessed
value resulting from new construction, improvements to property, and any increase in the assessed
value of state-assessed property by the property tax levy rate for the preceding year (1999).
SECTION II. The City Council has further determined that the levy rate from 1999 will
not be increased as a result of the dollar increase required in support of the current expense funds
for the year 2000.
SECTION III. By maintaining the levy rate at $3.42 for the year 2000, the tax levy
is currently anticipated to increase by $624,092, plus the additional dollar amount calculated by
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ORDINANCE NO. 4 810
multiplying the increase in assessed value resulting from new construction, improvements to
property, and any increase in the assessed value of state-assessed property by the levy rate for
1999.
SECTION IV. This ordinance shall be effective upon its passage, approval, and five days
after publication.
PASSED BY THE CITY COUNCIL this 1st day of November , 1999
ti/Arg.:la
Marilyn Le"et- :en, City Clerk
APPROVED BY THE MAYOR this 1st day of November , 1999.
Jess-.d nner, Mayor
.JOS ved as to form:
FV/1-114"'"2'
Lawrence J. Warren, City Attorney
Date of Publication: 11/5/9 9
ORD.816:1 0/28/99.
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