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Ordinance 03-055 Levying 2004 Property Taxes CITY OF SPOKANE VALLEY SPOKANE COUNTY, WASHINGTON ORDINANCE NO. 55 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 CONLMENCING JANUARY I,2004 TO PROVIDE 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 2004 current expense budget of the City; WHEREAS, following the incorporation of the City of Spokane Valley, the property located within the City is no longer subject to the County Road tax and the City is authorized to levy a property tax in a lesser amount; WHEREAS, the City of Spokane Valley is authorized to levy $3.60 per thousand of assessed valuation deducting therefrom levies collected by a Fire District and Library District in the total amount of$2.00 per one thousand dollars of assessed valuation; WHEREAS, RCW 84.52.020 requires the City Council on or before the 15th 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 will hold a public hearing on the proposed budget estimates for 2004 including revenue sources which will fund the provision of services. NOW, THEREFORE, the City Council of the City of Spokane Valley, Washington, do ordain as follows: Section 1. 2004 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 of Spokane Valley, Washington a regular property tax for the year commencing January 1, 2004 at a rate of$2.10 per one thousand dollars of assessed valuation. It is recognized that fire districts currently levy upon property within the City at the rate of$1.50 per one thousand of assessed valuation and the City intends to provide $.50 per one thousand dollars of assessed valuation pursuant to contract for library services with the Spokane County Public Library District. 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 Page 1 P:1OrdinanccslOrdinance No.55-Prop.tax.doc L_. general fund obligations and for the payment of services for the City during the 2004 calendar year. The City further recognizes that this ordinance shall be amended when the City Finance Director obtains from the Spokane County Assessor the property valuation projections within the City such that the Finance Director may determine, with reasonable accuracy, the amount of property tax to be collected within the City of Spokane Valley. The purpose of this ordinance is to establish the levy rate as permitted by law. Section 2. Notice of 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. 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 constitutionality of any other section, sentence, clause or phrase of this ordinance. Section 4. Effective Date. This Ordinance shall be in full force and effect on the official date of incorporation provided publication of this Ordinance or a summary thereof occurs in the official newspaper of the City as provided by law. PASSED by the City Council this (lay of March, 2003. c'fAX . Mayor, Michael DeVlemin ?. ,---44-14- 7124e.t6 Interim City Clerk, Ruth Muller Approved As To Form: i .ice l Iiiikriy City A o ney_ Stanley M Schwartz Date of Publication. /dl Z1 2005 Effective Date:G.771. 3/, ,2.60o3 Page 2 P:\OrdinanceslOrdinantc No.55-Prop.tax.doc