HomeMy WebLinkAboutORD 3764 f CITY OF RENTON, WASHINGTON
41
ORDINANCE NO. 3764
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 1984 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 $5,057,557.60, General Levy
for the calendar year 1984, and $500,000.00, Excess Levy for the calendar year
1984,
and said amount of tax levy is necessaryto be levied upon the real
and personal property subject to taxation in the City of Renton for the purpose
of raisin the
g necessary revenues for said City for the calendar year 1984, to-wit:
(TOTAL ASSESSED VALUATION: $2,030,798,999)
GENERAL 1984 LEVY: $2.48141 per $1,000 true value
*Levy Ceiling $5,039,240.45
Annexations -0-
Prior Year Omitted Levies 15,971.29
Refund Fund 2,345.86
MAXIMUM 1984 GENERAL TAX LEVY $5,057,557.60
(Based on 106% Limit)
EXCESS 1984 LEVY: $0.24621 per $1,000 of true value
Total 1984 EXCESS LEVY $ 500,000.00
*Levy Ceiling:
$5,012, 763.62 - 6% on highest of three most recent year's levies, 1983/
$4,729,022.28 (less Refund Fund)
42,448. 12 - New Construction Levy ($2. 01806 1983 tax rate x' $21,034, 120/new constr.)
-15,971.29- Omitted Assessment Levy (Subtract)
$5,039,240.45 - Levy Ceiling (Discounting Annexations and Omitted Assessments)
I ,
CITY OF RENTON, WASHINGTON
ORDINANCE NO. 17AA - Continued
SECTION II: That said taxes herein provided for are levied for the
purpose of raising revenue sufficient to pay the principal and interest upon
the general bonded indebtedness of the City of Renton, the General Fund, and
departments of th munici al overnment of
o f differente
for carrying o o the ep 9
the City of Renton for the fiscal year beginning January 1, 1984 and ending
December 31, 1984; the final budget of the City of Renton is to be adopted
and completed as specified by law.
SECTION III: That the taxes collected from the levies hereby fixed and
made, together with the estimated revenues from sources other than taxation
which constitute the appropriations of the City of Renton for the fiscal year
1984, shall be so appropriated and as finally itemized and classified in the
Annual Budget for the fiscal year 1984 to be adopted by the City of Renton as
specified in Chapter 95, Laws of 1969, Extraordinary Session, as amended:
SECTION IV: A certifiedcopyof this ordinance shall be transmitted to
r Office
the Clerk of the Kin Count Council and the Kin Count Assessor's 0
Ce 9 y 9 y
and such other governmental bodies as provided by law.
SECTION V: This ordinance shall be effective upon its passage, approval ,
and five days after its publication.
PASSED BY THE CITY COUNCIL this 12th day of December, 1983.
Maxine E. Motor, City Clerk
APPROVED BY THE MAYOR this 12th day of December, 1983.
fd
Barbara hinpoch, Mayor
Approved as to form:
Lawrence J. Warr4fi$ City Attorney
Date of publication: December 18, 1983