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Ordinance 03-086 Levying 2004 Property Taxes } CITY OF SPOKANE VALLEY SPOKANE COUNTY,WASHINGTON ORDINANCE NO.03-086 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 1,2004 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, the City of Spokane Valley is authorized to levy $3.60 per thousand of assessed valuation deducting therefrom levies collected by Fire Districts in the total amount of$1.50 per 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 public notice; held public hearings on October 14, and November 12, on the proposed budget estimates for 2004; including revenue sources and appropriations for 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. 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 in the total amount of$10,710,000. 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. Therefore the total levy rate shall not exceed $2.10 per one thousand dollars of assessed valuation. 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 2004 calendar year. The purpose of this ordinance is to establish the levy amount 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 constitutionally of any other section, sentence, clause or phrase of this ordinance. Ordinance 03-086 Property Tax 2004 Pagc I of 2 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 12th day of November,2003. Mayor, Michael DeV erring ApLy - 4, ..• Clerk,Christine Bainbridge Approved As To Form: .•` $p0 H '#, I- O .•oAP - - SEAS� •rm: orne ey S wartz E 3 J CGR?7RA Da of Publicat f f -/J � TED March 31.2003 Effective Date: �� ' -�3 ''••••••••'••� •� q SHN G1 00 Ordinance 03-086 Property Tax 2004 Page'_