HomeMy WebLinkAboutORD 5167CITY OF RENTON,WASHINGTON
ORDINANCE NO.5167
AN ORDINANCE OF mE CITY OF RENTON,WASHINGTON,
ESTABLISmNG THE PROPERTY TAX LEVY FOR THE YEAR 2006
FOR BOTH GENERAL PURPOSES AND FOR VOTER APPROVED
BOND ISSUES.
WHEREAS,the City ofRenton has met and considered its budget for the calendar year
2006;and
WHEREAS,the City ofRenton,after hearing and duly considering aU relevant evidence
and testimony presented,determined that the City ofRenton requires a regular levy in the
amount of $22,026,700,which includes an increase in property tax revenue from the previous
year,and amounts resulting from the addition of new construction and improvements to property
and any increase in the value of state-assessed property,and amounts authorized by law as a
result of any annexations that have occurred and refunds made,in order to discharge the
expected expenses and obligations ofthe City and in its best interest;and
WHEREAS,.the City ofRenton also has a voter-approved property tax levy for Senior
Housing Bonds,and the debt service requirement on those bonds is $514,100 in 2006;and
WHEREAS,the City must levy this amount in order to discharge the expected expenses
and obligations ofthe bond;
NOW,THEREFORE,THE CITY COUNCIL OF THE CITY OF RENTON,
WASHINGTON,DOES ORDAIN AS FOLLOWS:
SECTION I.The regular property tax levy is hereby authorized for the 2006
levy in the amount of$22,026,700,which is a percentage increase of 1 percent from the previous
year plus amounts for new construction and annexations.
1
SECTIONU
ORDINANCE NO.51---
In addition,the City ofRenton requires a levy of$S14,100 for the
purpose of paying debt service on voter approved Bonds for Senior Housing.
SECTIONID.
$22,540,800.
The total property tax levy for the City ofRenton shall be
This increase is inclusive of revenue resulting from the addition of new construction and
improvements to property and any increase in the value of state assessed property,and any
additional amounts resulting from any annexations that have occurred and refunds made.
SECTION IV.
30 days after publication.
This ordinance shall be effective upon its passage,approval,and
PASSED BY THE CITY COUNCIL this 28th dayof N_o_v_em_b_.e_r__,2005.
Bonnie 1.Waltop..,City Clerk
APPROVED BY THE MAYOR this 2 th day of N_o__ve__m_b,,-e,--r~,2005.
-Krah~-w~
Kathy Keolker-Wheeler,Mayor
Apprras to fonn..
cX~20?~
Lawrence 1.Warren,City Attorney
Date ofPublication:12/2/2005 (s umma r y )
ORD.1215:11I2J05:ma