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HomeMy WebLinkAbout5598 ORDINANCE NO.5 5 9 8 AN ORDIANANCE 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 2002, REPRESENTING AN INCREASE OVER REGULAR PROPERTY TAXES LEVIED FOR COLLECTION IN 2001. 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 2001 property tax levy for collection in 2002 in the amount of $11 ,792,691 and WHEREAS, pursuant to RCW 84.55.120 the City Council held public hearings on September 17, 2001 and November 5, 2001 after proper notice was given, to consider the City of Auburn's 2002 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, and any refund levies in order to discharge the expected expenses and obligations of the City and in its best interest. -------------------------------------- Ordinance No. 5598 November 1, 2001 Page 1 of 3 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, King County for the year 2002 are authorized in the amount of $11,792,691. 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 availa,ble, the regular property tax levy for 2002 collection represents an increase from regular property taxes levied for collection in 2001 of Two Hundred Thirteen Thousand Five Hundred Seventy Three Dollars ($213,573) which is a One and Eighty Nine Hundredths percent (1.89%) 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 the 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 -------------------------------------- Ordinance No. 5598 November 1, 2001 Page 2 of 3 ratified irrespective of the fact that anyone or more section, subsection, sentence, clause or phrase be declared invalid or unconstitutional. Section 4. The Mayor is hereby authorized to implement such administrative procedures as may be necessary to carry out the directions of this legislation. _ 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. INTRODUCED: November 5, 2001 PASSED: Novern1x~r 5, 2001 APPROVED: November 5, 2001 ~~~ CHARLES A. BOOTH MAYOR ATTEST: ~é~~ Dan . lie E. Daskam City Clerk APPROVED AS TO FORM: ~£~ City Attorney PUBLISHED: ) (-./i -fJ( -------------------------------------- Ordinance No. 5598 November 1,2001 Page 3 of 3