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HomeMy WebLinkAbout5796 ORDINANCE NO. 5 7 9 6 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 2004. WHEREAS, pursuant to RCW 84.55.120 the City Council held public hearings on September 15, 2003 and November 3, 2003 after proper notice was given, to consider the City of Auburn's 2004 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, King County for the year 2004 are authorized in the amount of $13,300,000, 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. 5796 Page 1 of 3 October 16, 2003 any refund levies available, the regular property tax levy for 2004 collection represents an increase from regular property taxes levied for collection in 2003 of One Hundred Twenty Four thousand One Hundred Fifty Three Dollars, ($124,153), which is a One percent (1%) 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 the 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 directives of this legislation. Ordinance No. 5796 Page 2 of 3 October 16, 2003 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: PASSED: APPROVED: NOV 3 2003 NOV 3 2003 NOV 3 2003 MAYOR ATTEST: Danielle E. Daskam City Clerk APPROVED AS TO FORM: City Attorney PUBLISHED: //- '?. Ordinance No. 5796 Page 3 of 3 October 16, 2003