HomeMy WebLinkAboutORD 4644 Amends: ORD 4566
CITY OF RENTON, WASHINGTON
ORDINANCE NO. 4644
AN ORDINANCE OF THE CITY OF RENTON, WASHINGTON, FIXING
THE RATES AND/OR AbIOUNT OF TAXES TO BE LEVIED, AND
LEVYING TH}3 SAME IIPON ALL TAXABLE PROPERTY, BOTH REAL AND
PERSONAL, IN THE CITY OF RENTON, WASHINGTON, TO FINANCE �
TFiE DEPARTMENTS AND ACTIVITIES OF CITY GOVERNMENT, AND TO
PROVIDE FOR THE GENERAL OBLIGATION BOND PRINCIPAL AND
INTEREST RFDEMPTION REQUIREMENTS FOR THE YEAR BEGINNING
ON THE FIRST DAY OF JANUARY 1997 .
THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON DO ORDAIN AS
FOLLOWS :
SECTION I . There is hereby levied a tax on all taxable
property, both real and personal, within the City of Renton and
subject to taxation under the laws of the state of Washington, on
the first day of January 1997, at the rate of three dollars and
sixty cents ($3 . 60) per thousand dollars of assessed value of such
property, such tax being levied for the purpose of raising
sufficient revenues to finance the various departments and �
activities of the municipal government of the City of Renton for I
fiscal (calendar) year 1997 . I
Where state statute stipulates another rate on a class of
personal property, such rate shall apply; and provided that .in the
event such rate, when extended, would generate taxes in excess of
the maximum amount allotted by law, then such rate shall be reduced
to the rate that will generate the following;
ORDINANCE NO. 4 6 4 4 I
Estimated 1997 General Property Taxes $12,674,187
Estimated 1997 Fire Pension Property Taxes 322,000
Estimated 1997 Excess Levy Property Taxes 1,378,000
Total General and Excess Levies $14,374,187
SECTION II. The taxes collected from the levies hereby fixed and
made, together with estimated revenues from sources other than
taxation which constitute the appropriations of the City of Renton
for the fiscal year 1997, shall be so appropriated and as finally
itemized and classified in the annual budget for the fiscal year
1997 be adopted by the City of Renton as specified in Chapter 95,
Laws of 1969, Extraordinary Session, as amended.
SECTION III. 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 governmental bodies as provided
by law.
SECTION IV. This ordinance shall be effective upon its passage,
approval and five (5) days after its publication.
PASSED BY THE CITY COUNCIL THIS 9th day of December , 1996 .
. � ��
Marilyn J. Petersen, City Clerk
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ORDINANCE NO. 4 6 4 4
APPROVED BY THE MAYOR THIS 9th day of December , 1996 .
-,o.a���
Jesse Tanner, Mayor
Approved as to form:
G�-�r�I�t�.r�.•»
Lawrence J. Warren, City Attorney
Date of Publication: December 13, 1996
ORD: 631 : 12/02/96 .
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