HomeMy WebLinkAboutORD 1697. �,
ORDINANCE No. 1697.
AN CHDINANCE OF THE CITY OF RENTON, WASHINGTON, FIXING
THE MOUNT OF TAX LEVIES NECESSARY TO MEET THE AMOUNT
OF ESTIMATED EXPENSES FOR THE YEAR 1959 LESS THE TO'T'AL
ESTIMATED REVENUES FROM SOURCES OTHER THAN TAXATION,
INCLUDING AVAILABLE SURPLUS.
BE IT ORDAINED BY THE MAYOR AND THE CITY COUNCIL OF THE CITY OF RENTON,
WASHINGTON, AS FOLLOWS:
SECTION I: The total amount of estimated expenditures required for the
City of Renton for the year 1959 is the sum of $2,465,670.00. The total estimated
revenues from sources other than taxation, including available surplus, is the sum
of $1,906,643.00; therefore, the amount necessary to be raised by taxation is the
sum of $559,027.00.
SECTION II: There is hereby levied and assessed against the taxable
property, real and personal, -within the corporate limits of the City of Renton,
Washington, for the purpose of raising the necessary, revenues for said City for
the year 1959, the following amounts, towitr (Total Assessed Valuation -
$34,4131008.00)
For Current. Expense Fund . . 13.00 mills - $ 447,369.00
For Cumulative Reserve Fund #1184 . . .28 mills - 9,637.00
For Cumulative Reserve Fund #1689 . . .07 mills - 2,408.00
For Cumulative Reserve Fund
for Fire Department #1698 . . . . . . .35 mills - 12,044.00
For Depreciation Reserve Fund . .30 mills - 10,324.00
For Firemen's Pension Fund 1.00 mills - 341,413.00
TOTAL
15.00 mills - 516,195.00
General Bond Redemption
and Interest 1.40 mills - 42,832.00
TOTAL 16.40mills - 559,027.00
*(Notes Excess levy based on valuation of $30,594,332.00)
SECTION III: A certified copy of this Ordinance shall be transmitted
to the King County Commissioners and.such other goverrmtental agencies as provided
by law.
SECTION IVs This Ordinance shall be in fall force and effect from and
after its passage, approval and publication.
PASSED by the City Council this 9th d tober, 1958. /
Elton Lo Alexander,, City Clerk
APPROVED by the Mayor this 9th
APPROVED AS TO FORM:
st Gerard M. Sheilan
Gerard M—.hellan, City Attorney