HomeMy WebLinkAboutORD 3371CITY OF RENTON, WASHINGTON
ORDINANCE N0. 3371
AN ORDINANCE OF THE CITY OF RENTON,WASHINGTON
FIXING THE ESTIMATED AMOUNT OF TAX LEVIES
NECESSARY TO RAISE THE AMOUNT OF THE ESTIMATED
EXPENDITURES FOR THE YEAR 1980 AS REQUIRED BY
RCW 84.52.020; AUTHORIZING THE CITY CLERK TO
CERTIFY SUCH BUDGET OR ESTIMATE OF THE AMOUNT TO
BE RAISED BY TAXATION ON THE ASSESSED VALUATION
OF THE PROPERTY LOCATED WITHIN THE CITY OF RENTON,
WASHINGTON
THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON 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 on or before
Wednesday next following the first M6nday in October of each year,
the amount. of levies to b.e,made,in .support of the City for the
ensuing year in total and by'in8i*vidual fund.
'Pursuant there=to`it is'hereby certified that the estimated
amount necessary to be raised by taxation is the sum of $3,468,714.08
for -the calendar year 1980, 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
r evenues for said City for the calendar year 1980, to -wit:
(TOTAL ASSESSED VALUATION $1,079,489,821 )
$3.,209,per,$1,000 of True Value - 1980 Levy Rate
(See Note (1), pg. 2),Levy Ceiling . . . . $3,459,266.28
'Annexations `. . . . . . . . . . 4,645.35
Prior Year Omitted Levies . . . 4,802.45
MAXIMUM 1980 LEVY . . . . . . . . $3,468,714.08
(Based on 106% Limit
SECTION II: That said taxes herein provided for are levied
for the purpose of raising revenue sufficient to pay the principal
and interest upon the general bonded indebtedness of the City of
Renton, the General Fund, and for carrying on of the different
departments of the municipal government of the City of Renton for
the fiscal year beginning January 1, 1980 -and ending December 31,
1980; the final budget of the City of Renton is to be adopted and
completed as specified by law,
SECTION 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 1980, shall be so appropriated and
as finally itemized and classified in the Annual Budget for the fiscal
year 19,80 to be adopted by the City of Renton as specified in Chapter
95, Laws of 1969, Extraordinary Session, as amended.
SECTION IV: A certified copy of this Ordinance shall be
transmitted to the Clerk of 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 effective upon its
passage, approval and five days after its publication.
PASSED BY THE CITY COUNCIL this 5th day of November, 1979
APPROVED BY THE'MAYOR this
Approved as to form:
Lawrence J.Wa26ten, City Attorney
Date of Publication: November 9, 1979
elores A. ,Mea , Cit Clerk
5th day Of' November, 1979
Charle J. Delaurenti, Mayor
(l� Levy Ceiling:
$3,361,128.62 - 6% on highest of 3 most recent year's levies (1979/$3,170,876.06).
102,940.11 - New Construction Levy ($3.469/1979 rate. x $29,674,290/New Construction).
- 4,802.45 - Omitted Assessment Levy (Subtract.
$3,459,266.28 - Levy Ceiling (Discounting Annexations and Omitted Assessments).
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