HomeMy WebLinkAboutORD 3863 CITY OF RENTON, WASHINGTON
ORDINANCE NO. 3863
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 1985 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 $5,486,913.41, General Levy for
the calendar year 1985, and $806,400.00, .Excess Levy for the calendar year 1985,
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 1985, to-wit:
TOTAL ASSESSED VALUATION: $1,852,397,097
GENERAL 1985 LEVY RATE: $2.66666
*Levy Ceiling $49939,418.25
Excess Inventory Tax 502,684.00
Annexations 276.80
Prior Year Omitted Levies 20,181.15
Refund Fund 24,353.21
MAXIMUM 1985 GENERAL TAX LEVY $5,486,913.41
(Based on 106% Limit)
EXCESS 1985 LEVY RATE: $0.40819
1985 Excess Levy $ 756,129.00
Excess Inventory Tax 50,271.00
1985 EXCESS LEVY $ 806,400.00
TOTAL GENERAL AND EXCESS LEVIES $6,293,313.41
*Levy Ceiling:
$5,358,524.44 -- 6% on highest of 3 most recent year's levies, 1984/$5,055,211.74
(Less Refund Fund).
-502,684.00 -- Excess Inventory Tax (RCW 84.09.080) - Subtract.
- 20,181.15 -- Omitted Assessment Levy - Subtract
103,758.96 -- New Construction Levy ($2.48702 1984 Tax Rate x $41,720,194;
$36,982,149/Local New Construction; $4,738,045/State Public Service
New Construction. )
$4,939,418.25 -- Levy Ceiling (Discounting Annexations and Omitted Assessments).
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CITY OF RENTON, WASHINGTON
ORDINANCE NO. 3863 - 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 for carrying
on of the different departments of the municipal government of the City of Renton for
the fiscal year beginning January 1, 1985 and ending December 31, 1985.; 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
for the fiscal year 1985 shall
constitute the appropriations of the City of Rentono y ,
be so appropriated and as finally itemized and classified in the Annual Budget for
the fiscal year 1985 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.
PASSED BY THE CITY COUNCIL this 26th day of November, 1984.
Maxine E. Motor, City Clerk. ,
APPROVED BY THE MAYOR this 26th day of November, 1984.
_65���
c�.Qs�aS .� • hoc)6.
Barbara Y. Shin ch, Mayor
Approved as to form:
La ence J. Wa r-r , -C-i ty Attorney
Date of publication: November 30 , 1984
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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 asart of a formal resolution of
the Board of Commissioners.
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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 1984 IS $ 1,852,397,097 ,
REGULAR (STATUTORY) LEVY (AS APPLICABLE) :
EXPENSE FUND . $ 5,486,913.41
RESERVE FUND , , , , , , , , , , , , , , $ ---
COUPON WARRANT FUND . , , , $ ---
OTHER (SPECIFY) $ ---
EXCESS (VOTER APPROVED) LEVY:
G.O, BOND FUND LEVY, I I a , , , , , , , , $ 806,400.00
SPECIAL LEVIES (INDICATE .PURPOSE AND
DATE OF ELECTION AT WHICH APPROVED) :
. $ ---
TOTAL TAXES REQUESTED , , , , , , , , , , , , $ 6,293,313.41
THE ABOVE IS A TRUE AND COMPLETE LISTING OF LEVIES FOR SAID DISTRICT FOR THE
YEAR 1985 AND THEY ARE WITHIN THE MAXIMUMS ESTABLISHED BY LAW.
(AUTHORIZED S I GiV TU RE) MAYOR
Attest:
CITY CLERK