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Ordinance 05-030 Confirms Property Tax Levy CITY OF SPOKANE VALLEY SPOKANE COUNTY WASHINGTON ORDINANCE NO. 05-030 AN ORDINANCE OF THE CiTY OF SPOKANE VALLEY, WASHINGTON, CONFIRMi.NG THE CiTY PROPERTY TAX LEVY AT 1% (595,450) EVE EXCESS OF THE 2004 AD VALOREM PROPERTY TAX LEVY WHICH WAS COLLECTED IN THE CITY 2005 FISCAL YEAR, PURSUANT TO RCW 84.55.120,PROVIDING FOR SEVERABILITY, AND AN EFFECTIVE DATE WHEREAS, State law authorizes the City of Spokane Valley to levy regular property taxes upon the taxable property within the City limits in order to provide revenue for the annual Current Expense Budget of the City; WHEREAS, Initiative 747 (RCW Chapter 84.55) provided that cities with a population of over 10,000 persons can increase the amount of their regular property taxes annually by the lesser amount of inflation or 1% of the highest levy, plus any additional value resulting from new construction, improvements and state assessed property; WHEREAS, an increase in property tax revenue may be authorized by the City through adoption of a separate ordinance, pursuant to notice, specifically authorizing the increase stated in terms of dollars and percentage. NOW THEREFORE, the City Council of the City of Spokane Valley, Washington, do ordain as follows: Section l.. Purpose. The purpose of this Ordinance is to utilize excess levy capacity of the City that resulted from the tax levy in 2004 for the 2005 fiscal year. State law authorizes the City to increase its property taxes by an amount of I% above the highest lawful allowable levy in a preceding year (excepting new construction, improvements and assessment of State owned property). The taxes received from the increased levy set forth herein and the regular property tax levied through Ordinance 05-027 are appropriated in the 2006 City Budget, adopted through Ordinance 05-029. Section 2. Findings. A. The City, following public hearings, adopted a balanced Current Expense Budget that sets forth citizen priorities and promotes the health, welfare and safety of the City. B. The City published notice of this Ordinance through the procedure used to notify the public of regular Council meetings. C. To support the adopted Current Expense Budget of the City and provide for the delivery of services, the making of improvements and the promotion of the health, welfare and safety of the citizens, the City Council, after considering the financial requirements of the City for 2006, finds and determines that there is substantial need to, include the 1% increase ($95,450) allowed by State law, in the ad valorem property tax of $8,056,000 which was adopted by a majority plus one of the City Council on November 15, 2005 through Ordinance 05-027. Ordinance 05-030 Additional PropTax Page t of 2 • Section 3. 1% Increase.. Pursuant to RCW 84.55, the City, by adopting Ordinance 05- . 027, imposed an increase in the regular property tax levy (in addition to the increase resulting from the addition of new construction, improvements and the increased value of State assessed property), in the amount of$95,450 which is a percentage increase of 1% from the 2004 Ad Valorem Property Tax Levy, which was collected in the City 2005 Fiscal Year. Section 4. City Clerk. The City Clerk shall certify a copy of this Ordinance and forward the same to the Board of County Commissioners and the Spokane County Assessors Office upon its passage. Section 5. Severability. If any section, sentence, clause, or phrase of this ordinance should be held to be invalid or unconstitutional, such decision shall not affect the validity or constitutionality of any other section, sentence, clause, or phrase of this ordinance. Section G. 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 of the City of Spokane Valley this 29th day of„ ovember, 2005. 40,417 eputy Mayor, Rich Munson A.°,40: firistine Bainbridge, City Clerk Approved as to Form: a._ Office of 'e City Atto •e/y Date of Publication: /a '9'45- Effective Date: Ordinance 05.030 Additional PropTax Page 2 of 2 • 1, Christine Bainbridge, City Clerk for the City of Spokane Valley, Washington,do hereby certify that the.attached is a full, true, and correct copy of Ordinance No. 05-030, approved by the Spokane Valley City Council at its Regular Meeting of November 29, 2005 WITNESS my hand and official seal this 30th day of November, 2005 r. AA A- cbristifie Bainbridge, Spokane Valley /ty terk ,OetQe.^.c:ea:�o SP0IZy410, �i ,✓ (SEAL) :U SEA fN 7 = 'Tch 31.2CO3 e.°/,1s-IN11!lOiY`,``e • • • CITY OF SPOKANE VALLEY SPOKANE COUNTY WASHINGTON ORDINANCE NO. 05-030 • AN ORDiNANCE OF THE CITY OF SPOKANE VALLEY, WASHINGTON, CONFIRMING ' ut; CITY PROPERTY TAX LEVY AT 1% ($95,450) IN EXCESS OF THE 2004 Al) VALOREM PROPERTY TAX LEVY WHICH WAS COLLECTED IN THE CITY 2005 FISCAL YEAR, PURSUANT TO RCW 84.55.120,PROVIDING FOR SEVERABILITY, AND AN EFFECTIVE DATE AREAS, State law authorizes the City of Spokane Valley to levy regular property taxes upon the taxable property within the City limits in order to provide revenue for the annual Current Expense Budget of the City; • WHEREAS, initiative 747 (RCW Chapter 84.55) provided that cities with a population of over 10,000 persons can increase the amount of their regular property taxes annually by the lesser amount of inflation or 1% of the highest levy, plus any additional value resulting from new construction, improvements and state assessed property; WHEREAS, an increase in property tax revenue may be authorized by the City through adoption • of a separate ordinance, pursuant to notice, specifically authorizing the increase stated in terms of dollars • and percentage. • NOW THEREFORE, the City Council of the City of Spokane Valley, Washington, do ordain as follows: Section 1. Pitjpose. The purpose of this Ordinance is to utilize excess levy capacity of the City that resulted from the tax levy in 2004 for the 2005 fiscal year. State law authorizes the City to increase its property taxes by an amount of 1% above the highest lawful allowable levy in a preceding year (excepting new construction, improvements and assessment of State owned property).,The taxes received from the increased levy set forth herein and the regular property tax levied through Ordinance 05-027 are appropriated in the 2006 City Budget, adopted through Ordinance 05-029. Section 2. Findings. A. The City, following public hearings, adopted a balanced Current Expense Budget that sets forth citizen priorities and promotes the health,welfare and safety of the City. B. The City published notice of this Ordinance through the procedure used to notify the public of regular Council meetings. • C. To support the adopted Current Expense Budget of the City and provide for the delivery of services, the making of improvements and the promotion of the health, welfare and • • • • safety of the citizens, the City Council, after considering the financial requirements of the City for 2006, finds and determines that there is substantial need to, include the 1% increase ($95,450) allowed by State law, in the ad valorem property tax of$8,056,000 which was adopted by a majority plus one of the City Council on November 15, 2005 through Ordinance 05-027. • • • Ordinance 05-030 Additional PropTax Page 1 of 2 Section 3. 1%Increase.. Pursuant to RC\V 84.55, the City, by adopting Ordinance 05- 027, imposed an increase in the regular property tax levy (in addition to the increase resulting from the addition of new construction, improvements and the increased value of State assessed property), in the amount of$95,450 which is a percentage increase of 1% from the 2004 Ad Valorem Property Tax Levy, which was collected in the City 2005 Fiscal Year. Section 4. City Clerk. The City Clerk shall certify a copy of this Ordinance and forward the same to the Board of County Commissioners and the Spokane County Assessors Office upon its passage. . Section 5. Severability. If any section, sentence, clause, or phrase of this ordinance should be held to be invalid or unconstitutional, such decision shall not affect the validity or constitutionality of any other section, sentence, clause, or phrase of this ordinance. ' Section 6. 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 of the City of Spokane Valley this 29th day of1:Tovember,2005. , 44 , ..:,,,,de...........„.„.„...,---, ,, , I eputy Mayor,Rich Munson K 1.,F) Firistine Bainbridge, City Clerk ) ......______. Approved as to Norm: '?5:A.4 4 a Office of itie City Attoln . , Date of Publication: Effective Date: • Ordinance 05-030 Additional PropT'ar Page 2 of 2