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HomeMy WebLinkAbout5470 ORDINANCE NO. $ 4 7 0 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF AUBURN WASHINGTON, AUTHORIZING THE LEVY OF REGULAR PROPERTY TAXES BY THE CITY OF AUBURN FOR COLLECTION IN 2001, REPRESENTING AN INCREASE OVER REGULAR PROPERTY TAXES LEVIED FOR COLLECTION IN 2000. WHEREAS, Chapter 3, Laws of 1997, as approved November 4, 1997, by the voters of the State of Washington in "Referendum 47", requires a separate ordinance in order for the City of auburn to make its regular 2000 property tax levy for collection in 2001 in the amount of $11,756,088 and WHEREAS, pursuant to RCW 84.55.120' the City Council held public hearings on September 5, 2000 and November 6, 2000 after proper notice was given, to consider the City of Auburn's 2001 budget and the regular property tax levy to support it; and WHEREAS, the City Council, after public hearing, and after duly considering all relevant evidence and testimony presented, has determined that the City requires and increase in property tax revenue from the previous year, in addition to the increase resulting from the addition of new construction and improvements to property, any increase in the value of state-assessed property, and any refund levies in order to Ordinance 5470 October 31, 2000 Page ] discharge the expected expenses and obligations of the City and in its best interest. NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF AUBURN, WASHINGTON, DO ORDAIN AS FOLLOWS: Section 1. Purpose. Regular property taxes for collection in the City of Auburn, King County for the year 2001 are authorized in the amount of $11,756,088. Not including increases resulting from the addition of new construction and improvements to property, any increase in the value of state assessed property, and any refund levies available, the regular property tax levy for 2001 collection represents an increase from regular property taxes levied for collection in 2000 of Two Hundred Sixty Five Thousand Seven Hundred Four, ($265,704) which is a Two and Sixty One Hundredths percent (2.61%) increase from the previous year. Section2. In order to avoid unnecessary interfund loans caused by uneven cash flow requirements for tax suppoded funds, the Finance Director is hereby authorized to allocate individual property tax receipts in a manner that eliminates interfund loans. Section 3. Constitutionality Or Invalidity. If any section, subsection, sentence, clause or phrase of this Ordinance is for any Ordinance 5470 October 31,2000 Page 2 reason held to be invalid or unconstitutional, such invalidity or unconstitutionality shall not affect the validity or constitutionality of the remaining portions of this Ordinance, as it being hereby expressly declared that this Ordinance and each section, subsection, sentence, clause or phrase hereof would have been prepared, proposed, adopted and approved and ratified irrespective of the fact that any one or more section, subsection, sentence, clause or phrase be declared invalid or unconstitutional. Section 4. Implementation. The Mayor is hereby authorized to implement such administrative procedures as may be necessary to carry out the directions of this legislation. Section 5. Effective Date. This Ordinance shall take effect and be in fome five (5) days from and after its passage, approval and publication, as provided by law. Ordinance 5470 October 31, 2000 Page 3 INTRODUCED: November 6, 2000 PASSED: November 6, 2000 APPROVED: November 6, 2000 CHARLES A. BOOTH MAYOR ATTEST: City Clerk APPROVED AS TO FORM: City Attorney PUBLISHED: Ordinance 5470 October 31,2000 Page 4