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HomeMy WebLinkAbout5701 ORDINANCE NO. 5 7 0 1 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 2003. WHEREAS, pursuant to RCW 84.55.120 the City Council held public hearings on September 16, 2002 and November 4, 2002 after proper notice was given, to consider the City of Auburn's 2003 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 an 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, annexations, and any refund levies in order to 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. Regular property taxes for collection in the City of Auburn, for the year 2003 are authorized in the amount of $13,000,000, or the maximum allowable by law. Not including increases resulting from the addition of new construction and improvements to property, any increase in the value of state assessed property, any increases resulting from annexation and Ordinance No, 5701 October 30, 2002 Page 1 of 3 any refund levies available, the regular property tax levy for 2003 collection represents an increase from regular property taxes levied for collection in 2002 of One Hundred Eighteen Thousand Five Hundred Eighty Dollars, ($118,580) which is a One percent (1.0%) 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. 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. The Mayor is hereby authorized to implement such administrative procedures as may be necessary to carry out the directions of this legislation. Ordinance No. 5701 October 30, 2002 Page 2 of 3 Section 5. This Ordinance shall take effect and be in force five (5) days from and after its passage., approval and publication, as provided by law. NOV ,t ~ INTRODUCED: NOV 4 20~ PASSED: NOV 4 2002 APPROVED: PETER B. LEWIS, MAYOR Dan~ielle E. Daskam, City Clerk APPROVED AS TO FORM: PUBLISHED:~/~d2-- Ordinance No. 5701 October 30, 2002 Page 3 of 3