HomeMy WebLinkAboutORD 4300 a'�� �• , ' ` , I � '' i '�,
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CITY OF RENTON, WASHINGTON
ORDINANCE NO. 4300
AN ORDINANCE OF THE CITY OF RENTON, WASHINGTON, FIXING THE
ESTIMATED AMOUNT OF TAX LEVIES NECESSARY TO RAISE THE
AMOUNT OF ESTIMATED EXPENDITURES FOR THE YEAR 1991 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 for the calendar year 1991 is the sum of $9,420,656 General Levy, and; $1,534,210
Excess Levies; 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 necessary revenues
for said City for the calendar year 1991, to wit:
TOTAL ASSESSED VALUATION: $3,031,467,775
' GENERAL 1991 LEVY RATE: $3.09203
LevyCeiling..................................................................................................$9,368,824
AnnexationLevy......................................................................•--•--.............. 4,555
Omitted Assessment Levy............................................................................ 14,544
RefundFund............................................................................................... 32.733
' MAXIMUM 1991 GENERAL TAX LEVY...............................................$9,420,656
(Based on 106% Limit)
EXCESS 1991 LEVY RATE: $0.50609
1991 EXCESS LEVY....................................................................................$1.534.210
TOTAL GENERAL AND EXCESS LEVIES:..........................................$10,954,866
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CITY OF RENTON, WASHINGTON ORDINANCE NO. 4300 - 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 the different departments of the
municipal government of the City of Renton for the fiscal year beginning January I, 1991, and
ending December 31, 1991; 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 estimated revenues from sources other than taxation which constitute the appropriations of
the City of Renton for the fiscal year 1991, shall be so appropriated and as finally itemized and
classified in the Annual Budget for the fiscal year 1991 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 l Oth day of December; ?�90. - � �
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Marilyn J. te en, City Clerk l
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APPROVED BY THE MAYOR this lOth day of December, 1990. �
Ear Clymer, May
' Approved to form: I
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Lawrence J. Warren, City Attorney
Date of Publication: December 14, 1990
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