HomeMy WebLinkAboutORD 3259 � . .
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CITY OF RENTON, WASHINGTON
, . - • ORDINANCE N0 . 32�9
• AN ORDINANCE OF_ THE CITY OF RENTON, WASHINGTON,
FIXING THE ESTIMATED AMOUNT OF TAX LEVIES NECESSARY
TO RAISE THE AMOIJNT OF THE ESTIMATED EXPENDITURES
FOR THE YEAR: 1979 AS REQUIRED BY RCW 84 . 52 .D20 ; '
AUTHORIZING THE CITY CLERK TO CERTIFY SUCH
BtTDGET OR ESTIMATE OF THE AMOUNT TO BE RAISED .
BY TAXATION ON THE ASSESSED �ALUATIpN dF THE ,
� PROPERTY LOCATED WITHIN THE CITY OF RENTON , .
WASHINGTON.
THE CITY COUNCIL OF THE CITY OF RENTON , G3ASHINGTON, DO
ORDAIN AS FOLLOWS :
SECTION I : Pursuant to the requirements of RCW 84 . 52 . 020 ,
the City of Renton shall annually certify to King County ori or
before Wednesday next fo)_1•owing the first Manday in Octobe� of
each year, the amount of levies to be made in support of the City
for the ensuing year in total an•d by individual fund .
Pursuant thereto it is hereby certified that the �
estimated amount necessary to be raised by taxation is the sum
of $ 3,170,767 for the calendar -year 1979 , and said amount
of tax levy is necessary to be levied upon the real and personal
property subject to taxation in the City of Renton, for the
purpose of raising the necessary revenues for said City for the
calendar year 1979, to-wit:
(TOTAL ASSESSED VALUATION � $ g03,704,278 )
�3•372 per $1,000 of True Value
-�Levy'Ceiling- . . . : -. ". '. . . . . . . $3,�33,557
Annexations . . , . . _. . . . . 13,356
Prior Yea'r Omitted��Levies�_ . . . . . . . 33,894
- Burlington Northern Decision . . . . 89,960
�XIr� 197g LEVY (Based on 106� Calculation�• . �3,170,'767 '
SECTION II : That said taxes herein provided for are �
, • levied for the purpose of raising revenue suffzcient to pay the ;
. principal and interest upon the general bondad indebtedness of
the City of Renton, the General Fund, and for carrying on of
the different departments of the municipal governrnent of the
City of Renton,for the fiscal year beginning January l, 1979
.�Levy Ceiling:
� $3,062,730.79 - 6� on highest of 3 most recent year�s levies (�978�$2,88g,368.67�
, 94�680.16 - New Construction Levy ($3•597/1978 rate x �26,321,979)
— 33,893•35 — Omitted Assessment I,evy �Subtxact�
`., — 89.960.21 — Burlington Northern Decision �Subtract�
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�3,033,557.39 - Levy Ceiling (Discounting Annexations & Ommitted Assessments�
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and ending Decelnber 31, 1979 ; the final budget of the City of
, Renton is to be adopted and completed as specified by law.
SECTI�JN III: That the taxes collected from the levies
hereby fixed and made , together with the estimated revenues from
sources other than taxation which constitute the appropriations
of the City of Renton for the .fiscal< year 1979, shall be so
appropriated and as finally itemized and classified in the Annual
Budget for the fiscal year 1979 to be adopted by the City of
Renton as specified in Chapter 95, Laws of 196,9 , Extraordinary
Session, as amended.�
. SECTION IV: A certified copy of this Ordinance shall
be transmitted to the Clerk of the King County Council and the
King County Assessor' s office, and such other governmental bodies
as provided by law.
SECTION V: This Ordinance shall be ef�ective upon its
passage , approval and five days after its . publication, unless �
otherwise provided for hereinabove. .
PASSED BY THE CITY COUNCIL this .23rd day of October
' 1978 . �
Delores A. Mead�Cit ',�/� �
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APPROVED BY THE MAYOR this 23rd day of �ctober, �
1978 . . .� �
�r.�a�`����� �- ,
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Charles /J/. Delaurenti, Mayor II
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Approved as to form:
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Lawrence J. Warren, City Attorney � �
Date of Publication: October 26, 1978
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