HomeMy WebLinkAbout5496 ORDINANCE NO. 5 4 9 6
AN ORDINANCE OF THE CiTY OF AUBURN, WASHINGTON, AMENDING
ORDINANCE NO. 5470 TO LOWER THE AUTHORIZED LEVY OF REGULAR
PROPERTY TAXES BY THE CITY OF AUBURN IN 2001 WHICH
REPRESENTED AN INCREASE OVER REGULAR PROPERTY TAXES LEVIED
FOR COLLECTION IN 2000.
WHEREAS, the Auburn City Council at its regular meeting of November 6,
2000, adopted Ordinance No. 5470 which authorized the levy of regular property
taxes by the City of Auburn for the year 2001; and
WHEREAS, the authorized property tax levy in the amount of $11,756,088
was based on an anticipated higher assessed property valuation for the year
2001 per preliminary estimates from King County; and
WHEREAS, King County's preliminary property valuation estimate did not
anticipate or include refund levies; and
WHEREAS, King County's final assessed property valuation is less than
the preliminary estimates; and
WHEREAS, the final estimate includes a large refund levy;
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 now authorized in the amount of
$11,253,988. Not including increases resulting from the addition of new
construction and improvements to property, any increase in the value of state
Ordinance No. 5496
December 18, 2000
Page 1
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.
Section 2. In order to avoid unnecessary interfund loans caused by
uneven cash flow requirements for tax supported funds, the Finance Director is
hereby authorized to allocate individual property tax receipts in a manner that
eliminates interfund loans.
Section 3. ¢onstitutionalityor Invalidity. If any section, subsection,
sentence, clause or phrase of this Ordinance is for any 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.
Section4. Implementation. The Mayor is hereby authorized to
implement such administrative procedures as may be necessary to carry out the
directions of this legislation.
Ordinance No. 5496
December 18, 2000
Page 2
Section 5. Effective Date. This Ordinance shall take effect and be
in force five (5) days from and after its passage, approval and publication, as
provided by law.
INTRODUCED: Decembe~ 18, 2000
PASSED: December 18, 2000
APPROVED: Dece.mbez' 18, 2000
CHARLES A. BOOTH
MAYOR
ATTEST:
Dan~lle Daskam
City Clerk
APPROVED AS TO FORM:
Michael J. Reynolds
City Attorney
Publish ed: ,/~o?~//~;~
Ordinance No. 5496
December 18, 2000
Page 3