HomeMy WebLinkAboutORD 4811 CITY OF RENTON, WASHINGTON
ORDINANCE NO. 48 1 1
AN ORDINANCE OF THE CITY OF RENTON, WASHINGTON,
ESTABLISHING THE PROPERTY TAX LEVY FOR THE YEAR 2000
FOR BOTH GENERAL PURPOSES AND FOR VOTER APPROVED
BOND ISSUES.
WHEREAS, the City of Renton wants to maximize the impact of all new construction and
growth in the City; and
WHEREAS, the City of Renton does not want to increase the tax burden of the City's
property owners; and
WHEREAS, the City of Renton wants to continue to provide the same level of services to
its citizens in 2000 as has been provided in 1999;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RENTON,
WASHINGTON, DO ORDAIN AS FOLLOWS:
SECTION I. The regular tax levy for the City of Renton shall be the lesser of the amount
generated by a rate of$3.42 per $1,000 of Assessed Valuation or $15,349,000.
SECTION II. In addition to the regular levy, the City of Renton expects to receive at
least $330,074.00 in property taxes from new construction.
SECTION III. The City of Renton also expects to receive the County's road tax for the
areas that have been annexed into the City since March 1999.
SECTION IV. The total tax collections for the regular 2000 levy is expected to be
$15,540,000.
SECTION V. The City shall also levy the following amounts for Voter Approved
Bonds:
1
ORDINANCE NO. 4 811
Fund 213 Coulon Park $771,000
Fund 219 Senior Housing $504,000
SECTION VI. 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
rx)
Marilyn �Pe Vsen, City Clerk
APPROVED BY THE MAYOR this 1st day of November , 1999.
Jesse,, neer, Mayor
A roved as to form:
Lawrence J. Wa n, City Attorney
Date of Publication: 11/5/99
ORD.803:11/02/99.
2