HomeMy WebLinkAboutORD 4030t
CITY OF RENTON, WASHINGTON
ORDINANCE NO. 4030
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 1987 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 the amount of levies to be made in support of the City for the
ensuing year, in total and by individual fund.
Pursuant thereto, it is hereby certified that the estimated amount necessary to be raised
by taxation for the calendar year 1987 is the sum of $6,364,286.99 General Levy and
$167,562.00 Excess Inventory Tax Levy; $1,391,260.00 Excess Levy and $16,750.00 Excess
Inventory Tax Levy; 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 1987, to wit:
TOTAL ASSESSED VALUATION: $1,950,903,657
GENERAL 1987 LEVY RATE: $3.25902
Levy Ceiling $6,348,534.19
Excess Inventory Tax 167,562.00
Annexations 9,494.07
Prior Year Omitted Levies 5,402.07-
Refund
,402.07=Refund Fund 856.66
MAXIMUM 1987 GENERAL TAX LEVY $6,531,848.99
(Based on 106% Limit)
CITY OF RENTON, WASHINGTON
ORDINANCE NO. 4030 - Continued
EXCESS 1987 LEVY RATE: $0.71314
1987 Excess Levy $1,391,260.00
Excess Inventory Tax 16,750.00
1987 EXCESS LEVY $1,408,010.00
TOTAL GENERAL AND EXCESS LEVIES $7,939,858.99
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, 1987, and
ending December 31, 1987; 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 estimated revenues from sources other than taxation which constitute the appropriations of
the City of Renton for the fiscal year 1987, shall be so appropriated and as finally itemized and
classified in the Annual Budget for the fiscal year 1987 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 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 effective upon its passage, approval, and five days
after its publication.
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CITY OF RENTON, WASHINGTON
ORDINANCE NO. 4030 - Continued
PASSED BY THE CITY COUNCIL this lit day -,of December-, 1986.
Maxine E. Motor, City Clerk
APPROVED BY THE MAYOR this 1st day of December., 1986.
Barbara Y. Shinpoch, Mayor
App ved as to form:
Lawrence J. Warren, City Attorney
Date of publication: December 5, 1986
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ORDINANCE NO. 4030
By Ordinance 2152 of the King County Council Junior
Taxing Districts are required annually to submit the
following information regarding their tax levies for
the ensuing year as part of a formal resolution of
the Board of Commissioners.
THE KING COUNTY ASSESSOR HAS NOTIFIED THE COMMISSIONERS OF THE CITY OF
RENTON, WASHINGTON THAT THE ASSESSED VALUATION OF PROPERTY LYING WITHIN
THE BOUNDARIES OF SAID DISTRICT FOR THE YEAR.19; -iS $ 1,950,903,657 ,
REGULAR (STATUTORY) LEVY (AS APPLICABLE):
EXPENSE FUND . . . . . . . . . . . . . . $ 6,531,848.99
RESERVE FUND . . . . . . . . . . . . . . $ ---
COUPON WARRANT FUND . . . . . . . . . . $ ---
OTHER (SPECIFY) $ ---
EXCESS (VOTER APPROVED) LEVY:
G.O. BOND FUND LEVY . . . . $ 1,408,010.00
SPECIAL LEVIES (INDICATE,PURPOSE AND
DATE OF ELECTION AT WHICH APPROVED):
.$ ---
.$ ---
TOTAL TAXES REQUESTED . . . . . . . . . . . $ 7,939,858.99
THE ABOVE IS A TRUE AND COMPLETE LISTING OF LEVIES FOR. SAID DISTRICT FOR THE
YEAR 1987 AND THEY ARE WITHIN -THE MAXIMUMS ESTABLISHED BY LAW.
J�baW
(AUTHORIZED SIGNATURE) BARBARA Y. SHINPOCH, MAYOR
iXINE E. MOTOR,
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