HomeMy WebLinkAboutORD 4252 ' i , r
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CITY OF RENTON, WASHINGTON
ORDINANCE NO. 4252
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 1990 AS
REQUIRED BY RCW 84.52.020; AUTHORIZING THE CITY CLERR TO
CERTIFY SUCH BUDGET OR ESTIMATE OF THE AMOUNT TO BE
RAISED BY TAXATION ON THE A83ESSED 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 1990 is the sum of $8, 622,739 General Levy, and;
$1, 326, 098 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 1990, to wit:
TOTAL ASSESSED VALUATION: $2,421, 280,465
GENERAL 1990 LEVY RATE: $3 .55659
Levy Ceiling. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $8, 605, 566
AnnexationLevy. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,933
Omitted Assessment Levy. . . . . . . . . . . . . . . . . . . . . 7, 176
RefundFund. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4, 064
MAXIMUM 1990 GENERAL TAX LEVY. . . . . . . . . . . . . . . . $8, 622 ,739
(Based on 106% Limit)
EXCESS 1990 LEVY RATE: $0. 54768
1990 EXCESS LEVY. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1, 326, 098
TOTAL GENERAL AND EXCESS LEVIES. . . . . . . . . . . . . . $9 ,948,837
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• ORDINANCE NO. 4252 • .
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 1, 1990, and ending December 31,
1990; 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 1990, shall be so appropriated and as
finally itemized and classified in the Annual Budget for the fiscal
year 1990 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.
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' ORDINANCE NO. 4252 ' •
PASSED BY THE CITY COUNCIL this 4th day of December, 1989.
i7��7C.e�c.�-��
Maxine E. Motor, City Clerk
APPROVED BY THE MAYOR this 4th day of December, 19s39 .
W� M�0 n
. Eari Clymer, May�9,� `
Approved to form. ��
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Lawren e . War , City Attorney
Date of Publication: December 8, 1989
ORD. 125: 12/01/89:as.
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