HomeMy WebLinkAboutORD 3495 CITY OF RENTON, WASHINGTON
ORDINANCE NO. 3495
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 1981 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. is the sum of $3,938,643.87,
General Levy for the calendar .year 1981 and $1,129, 994.00, Excess
Levy for the calendar year 1981 , 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, 1981, to-wit :
(TOTAL ASSESSED VALUATION: $1, 710,240,038)
GENERAL 1981 LEVY: $2.300 per $1,000 of True Value
*Levy Ceiling . . . . . . . . . . . . . $3,927,528.39
Annexations . . . . . . . . . . . . . 4,949. 14
Prior Year Omitted Levies . . . . . 6,166. 34
MAXIMUM 1981 GENERAL TAX LEVY . . . .$3,938,643.87
(Based on 106% Limit)
EXCESS 1981 LEVY: $0.661 per $1,000 of True Value
TOTAL 1981 EXCESS TAX LEVY . . . . . .$1, 129,994.00
1980 General Obligation Bonds - Coulon Beach Park.
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, 1981 and ending December 31, 1981;
*Levy Ceiling:
$3,677,487.54 - 6% on highest of 3 most recent year' s levies;
1980/$3,469, 327.87.
256,207. 19 - New Construction Levy ($3.20211980 tax rate x
$80,014,739/New Construction.
- 0) 166. 34 - Ommited Assessment Levy (Subtract) .
$3,927,528.39 - Levy Ceiling (Discounting Annexations and
Omitted Assessments) .
-1-
t,
CITY OF RENTON, WASHINGTON
ORDINANCE NO. 349.5 - Cont.
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 1981, shall be so
appropriated and as finally itemized and classified in the Annual
Budget for the fiscal year 1981 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 15th day of December, 1980.
Delores A. Mead, City Clerk
APPROVED BY THE MAYOR this 15thday of December, 1980.
Thomas W. Trimm Mayor_ Pro tem
Approved as to form:
Lawrence. J. ren ,.,.C ,. r_Attorney
Date of Publication: December 24, 1980
-2-
By Ordinance 2152 of the King County Council
Junior Taxing Districts are required annually
i to submit the following information regarding
their tax levies for the ensuing year as part
of a formal resolution of the Board of Commissioners.
City Council
THE KING COUNTY ASSESSOR HAS NOTIFIED THE t0=S8= OF the City
or Renton , Washington THAT THE ASSESSED VALUATION OF PROPERTY LYING
WITHIN THE BOUNDARIES OF SAID DISTRICT FOR THE YEAR 11FDW IS
$1, 710,240,038
REGULAR (STATUTORY) LEVY (AS APPLICABLE) :
EXPENSE FUND/GENERAL FUND . . . . . . $ 3,938,643.87
RESERVE FUND . . . . . . . . . . . . . . $
COUPON WARRANT FUND $
OTHER (SPECIFY) $
EXCESS VOTER APPROVED LEVY:
G. 0. BOND FUND LEVY . . . . . . . . . $ 1, 129, 994.00
SPECIAL LEVIES ( INDICATE PURPOSE AND
DATE OF
ELECTION AT WHICH APPROVED) :
. $
TOTAL TAXES REQUESTED ,
• $ 5,068,637.87
THE ABOVE
IS A TRUE AND COMPLETE LISTING OF LEVIES FOR SAID DISTRICT FOR �
THE YEAR 1981 AND THEY ARE WITHIN THE MAXIMUMS ESTABLISHED BY LACY
i
171
(AUTHORIZED SIGNATURE