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Ordinance 08-020 Levying Property Taxes 2009 CITY OF SPOKANE VALLEY SPOKANE COUNTY,WASHINGTON ORDINANCE NO.08-020 AN ORDINANCE OF THE CITY OF SPOKANE VALLEY,WASHINGTON,LEVYING THE REGULAR PROPERTY TAXES FOR THE CITY OF SPOKANE VALLEY, WASHINGTON IN SPOKANE COUNTY FOR THE YEAR COMMENCING JANUARY 1, 2009 TO PRO VIDE REVENUE FOR CITY SERVICES AS SET FORTH IN THE CITY BUDGET. WHEREAS, State law authorizes the City of Spokane Valley to'levy regular property taxes upon the taxable property within the corporate limits in order to provide revenue for the 2009 General Fund budget of the City;and WHEREAS, the City of Spokane Valley is authorized to levy $3.60 per thousand dollars of assessed valuation deducting therefrom the highest levy collected by a Fire District within the Spokane Valley city limits"and also deducting the Spokane Valley Library District levy; and WHEREAS, RCW 84.52.020 requires the City Council on or before the 30th day of November to certify budget estimates to the clerk of the Spokane County Board of Commissioners including amounts to be raised by taxing property within the limits of the City; and WHEREAS, the City Council pursuant to notice, held public hearings on July 22, September 9 and anticipates a hearing,on October 14, 2008 on the proposed budget estimates for 2009 including revenue'sources which will fund the provision of City services, projects and activities. NOW,THEREFORE, the City Council of the City of Spokane Valley, Washington, do ordain as follows: Section 1. 2009 Levy Rate. There shall be and is hereby levied and imposed upon real property, personal property and utility property, as defined in RCW Chapter 84.02 and 84.55.005 in the City or Spokane Valley, Washington a regular property tax_for the year commencing January 1, 2009 in the total amount of$10,500,000. It is recognized the City of Spokane Valley can levy$3.60 per thousand dollars of assessed value less the highest fire district levy within the City of Spokane Valley and less the library district levy. The regular property tax levied through this ordinance is for the purpose of receiving revenue to make payment upon the general indebtedness of the City of Spokane Valley, the general fund obligations and for the payment of services, projects and activities for the City during the 2009 calendar year. The purpose of this ordinance is to establish the levy amount as permitted by law. The City expects the dollar amount of the property tax levy to be $10,500,000 which is $631,060 greater(6.39%)than the 2007 levy which was collected in 2008. Section 2. Notice to Spokane County. Pursuant to RCW 84.52.020, the City Clerk shall certify to the County Legislative Authority a true and correct copy'of this ordinance, as well as the budget estimates adopted by the City Council in order'to provide for and direct the taxes levied herein that shall be collected and paid to the City of Spokane Valley at the time and in the manner provided by the laws of the State of Washington. Ordinance 08-020 Property Tax Page 1 of 2 Section 3. Severability. If any section, sentence, clause or phrase of this ordinance shall be held to be invalid or unconstitutional by a court of competent jurisdiction, such invalidity or unconstitutionality shall not affect the validity or constitutionally of any other section, sentence, clause or phrase of this ordinance. Section 4. Effective Date. This Ordinance shall be in full force and effect five(5) days after publication of this Ordinance or a summary thereof in the official newspaper of the City as provided by law. PASSED by the City Council this 23rd day of Se.to :-r,2008. • Aar Ardite Deputy Mayor ic Pk Denen i A !' fly Cleric Christine Bainbridge l Approved As To.Form: Office of the City Attorney 9 Date of Publication: JO' 3 Oe Effective Date: — — Ordinance 08-020 Property Tax Page 2 of 2