HomeMy WebLinkAboutORD 3685 4
CITY OF RENTON, WASHINGTON
ORDINANCE NO. 3685
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 1983 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 $4 , 730, 639 . 43 , General Levy for the calendar year 1983
and $ 1 , 071 ,000 Excess Levy for the calendar year 1983, 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, 1983 , to-wit:
(TOTAL ASSESSED VALUATION: $2, 339 , 492, 464)
GENERAL 1983 LEVY : $2 . 01879 per $1 , 000 of True Value
*Levy Ceiling $4, 713, 171 . 42
Annexations 9 , 758 .62
Prior Year Omitted Levies 6 ,094 . 63
Refund Fund 1 , 614 . 76
MAXIMUM 1983 GENERAL TAX LEVY $4 , 730 , 639 . 43
(Based on 106% Limit)
EXCESS 1983 LEVY: $0 . 45779 per $1 ,000 of True Value
Total 1983 EXCESS TAX LEVY $1 ,071 ,000 . 00
1980 and 1982 General Obligation Bonds - Coulon Beach
Park
*Levy Ceiling:
$4,617,363.40 - 6% on highest of three most recent year's levies.-
1982/$4,356,003.21
evies;1982/$4,356,003.21
101 ,902.65 - New Construction f,evy ($2. 174/1982 Tax Rate X
$46,873,345/Now Construction)
_ 6,094.63. - Omitted Assessment Levy (Subtract)
$4,713, 171 .42 - bevy Ceiling (f)is(-ounting Annexations and Omitted Assessments)
CITY OF RENTON, WASHINGTON
ORDINANCE NO. 3685 Continued
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 indebt-
edness 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 , 1983
and ending December 31 , 1983 ; 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 1983, shall be so
appropriated and as finally itemized and classified in the
Annual Budget for the fiscal year 1983 to be adopted by the
City of Renton as specified in Chapter 95, Laws of 1969 , Extra-
ordinary 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.
PASSED BY THE CITY COUNCIL this 6th day of December,
1982 .
Maxine E. Motor, City Clerk
APPROVED BY THE MAYOR this 6th day of December, 1982 .
NA&xw • COGS.
Barbara Y. Shinpoch, Mayor
Approved as to form:
n
L a n, i Attorney
Date of Publication: December 10 , 1982