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Ordinance 11-015 Levy Property Tax for 2012 CITY OF SPOKANE VALLEY SPOKANE COUNTY,WASHINGTON ORDINANCE NO. 11-015 AN ORDINANCE OF THE CITY OF SPOKANE VALLEY, SPOKANE COUNTY, WASHINGTON,LEVYING THE REGULAR PROPERTY TAXES FOR THE CITY OF SPOKANE VALLEY, WASHINGTON IN SPOKANE COUNTY FOR THE YEAR COMMENCING JANUARY 1, 2012 TO PROVIDE REVENUE FOR CITY SERVICES AS SET FORTH IN THE CITY BUDGET, AND OTHER MATTERS RELATING THERETO. 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 2012 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 84.524020 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 August 23, September 27, and October 11, 2011 on the proposed budget estimates for 2012 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. 2012 Levy. There shall be and is hereby levied and imposed upon real property, personal property and utility property, as defined in RCW Chapter 84.20 and 84.55.005 in the City of Spokane Valley, Washington an ad valorem regular property tax for the year commencing January 1, 2012 in the total amount of$10,732,862.64. This amount is exclusive of additional revenue resulting from new construction, improvements to property, any increase in the value of state assessed property, any annexations that have occurred,and refunds made. The regular ad valorem 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 2012 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 $10,732,862.64 which represents a$0 or 0% change from the 2010 levy which was collected in 2011. This levy is exclusive of additional revenue resulting from new construction, improvements to property, any increase in the value of state assessed property, any annexations that have occurred,and refunds made. 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 Ordinance 11-015 Levying the Regular Property Taxes for 2012 Page 1 of 2 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. 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 25th day of October, 011. ayor,Tho as .Towey, AT : ' A.A.., •s....LfC. ity Clerk, Christine Bainbrid Approved As To Form: . ) vriaarAV Office of e Ci Att tY Y Date of Publication: y ' // Effective Date: // -f- cl-effi Ordinance 11-015 Levying the Regular Property Taxes for 2012 Page 2 of 2