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Ordinance 06-022 Levying Property Taxes crrv or SPOKANE vALLEv SPOItANF CUUN 1 Y, WASI•IiN~:TON OI2DIi\'ANCC NO. 06-022 AN QRDi\°ANCE OF TAE C1TY OF SPOKAl~'E VALLEY, WASHINGTON, LEVYING TAE REGULAR PROPERTY TAXES FQR TAE CITY OF SPOKANE VALLEY, R'ASHIrYG"I'ON IN SPOKA\'E COUNTY FOR TFT_E YEAR COA9A9FNCING .1A\`UARY 1, 2007 TO PI20VIDF REVENUE FOR CITY SERVICES AS SET FQRTH IN THE CITY BUDGET. VVH1?R~AS, State law authorizes the City of Spokane Valley to leery regular property taxes upon the taxable property within the corporate limits in order to provide revenue for the 2007 current expense budget of the City; and \Vrrr-,REnS, the City of Spokane Valley is authorized to Icvy $3.60 per thousand dollars of assessed valuation deducting therefrom the highest Icvy collected by a Fire District within the Spokane Valley city limits and also deducting the Spokane Valley Library District le~rti; and WI-lt~R1:AS, RC\V 84.52.020 requires the City Council on or before the 30`r' 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 \~rF-IFREAS, the City Council pursuant to notice, held public hearings on August 22, 2006, October 10, 2006 and October 24, 2006 on the proposed budget estimates for 2007 including revenue sources which will fund the provision of City services, projects and activities. NOW, THEREFORE, the City Council of the City of Spokane Valle}', \Vashington, do ordain as follows: Section 1. 2007 Levy Rate. "There shall be and is hereby levied and imposed upon real property, personal property and utility property, as defined in RCVh Chapter 84.02 and 84.5.005 in the City of Spokane Valley, Washington a regular property tax for the yertr commencing January 1, 2007 in the total amount of $9,520;000. It is rccognirxd the City of Spokane Valley can levy $3.60 per thousand dollars of assessed value less the highest fire district levy and less the library district levy. However, t:he Icvy rate levied by the City of Spokane Val ley shall be S t .60 per one thousand dollars of assessed valuation to be collected in 2007. The regular property tam 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 sen~ices, projects and activities for the City during the 2007 calendar year. The purpose of this ordinance is to establish the levy amount as permitted by law. Section 2. Notice to Spokane County. Pursuant to RC1V 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 1Vasttington. 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 Ordinance 06-(?22 tcvying Rebulflr f'ropcrty Ta.~es Puge 1 of 2 unconstitutionality shall not af~'ect the validity or constitutionally of any other section, sentence, clause or phrase of this ordinance. Section 4. Effective Date. This CJrdinanee 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. I'ASSr: D by the City Council this 24'~ day of October, 2006. ~~JW Y ~.V~ W ~J` I't v~11X/ Mayor, Diana Vdilhitc AT.. ity Clerk, Christine ai ridge Approved A_s T~ Form: Office of c City Attorney Date of Eublication: -3-(J O effective Date: Ordinm~ee Ofi-022 l,.ev}~ng Regular Propcny Ta.~es Page 2 of'2 ~ ~ cr~~~° ors S okane Valle 11707 E. S ra ue Ave. • Suite 106 • S okane Valle WA 99206 P 9 p Y. (509) 921-1000 • Fax (509) 921-1008 • cityhall@spokanevalley.org I, Christine Bainbridge, City Clerk far the City of Spokane Valley, Washington, do hereby certify that the attached is a full, true, ~u~d correct copy of Ordinance i~'o. 06-022; approved b}' the Spokane Valley City Council at: its Regular October 24, 2006 Council rneetinl;. ~VI1'wr'ESS my hand and official seal this 27`f' day of October, 2006. s,.. tristine Bainbridge, Spo ane Valley ty lerk ``ie146o~:01i~'d' Q~ pie ~ 6P~,• • 10-27-06: Hsnd delivered 2 certified copies to Ken Thompson, who will take Co County oiFices