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HomeMy WebLinkAboutOrd 2638 - 2021 General Tax LevyAN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, LEVYING THE GENERAL TAXES FOR THE CITY OF TUKWILA IN KING COUNTY FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2021, ON ALL PROPERTY, BOTH REAL AND PERSONAL, IN SAID CITY, THAT IS SUBJECT TO TAXATION FOR THE PURPOSE OF PAYING SUFFICIENT REVENUE TO CARRY ON THE SERVICES OF THE SEVERAL DEPARTMENTS OF SAID CITY FOR THE ENSUING YEAR, WITH AN EXCESS PROPERTY TAX LEVY FOR THE PURPOSE OF PAYING DEBT SERVICE ON THE CITY'S UNLIMITED TAX GENERAL OBLIGATION BONDS ISSUED IN 2016 AND 2019, AS REQUIRED BY LAW; PROVIDING FOR SEVERABILITY; AND ESTABLISHING AN EFFECTIVE DATE. WHEREAS, the City Council of the Cityof Tukwila has considered the City'santicipated financial requirements for 2021 and the amounts necessaryand available to be raised by ad valorem taxes on real, personal and utility property; and WHEREAS, the following sentence is provided for information only: The maximum Statutory Levy Rate for the City of Tukwila, as allowed by RCW 84.52.043, is $3.825, which includes $0.225 forthe Firemen's Pension Fund as allowed by RCW 41.16.060; and WHEREAS, the City, pursuantto Ordinance No. 2514, passed on November 21, 2016, authorized the issuance and sale of $36,500,000 principal amountof the City's Unlimited Tax General Obligation Bonds, 2016; and pursuantto Ordinance No. 2610, passed on July 15, 2019, authorized the issuance and sale of $40,885,000 principal amountof the City's Unlimited General Obligation Bonds, 2019 (togetherthe "Bonds"); and has determined that to provide the money necessaryto pay the debt service requirements on the Bonds in the year 2020, an excess property tax levy in the amountof $3,902,975 for the Bonds must be levied in year 2020, and collected in year 2021; and WHEREAS, the final assessed valuation calculation has been determined; CC: Legislative Development\General Tax Levy +Excess Levy 11-12-20 AW: s Review and analysis by Barbara Saxton Page 1 of 3 NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, HEREBY ORDAINS AS FOLLOWS: Section 1. Regular and Excess Tax Levy. A. There shall be and hereby is levied on all real, personal and utility property in the City of Tukwila, in King County, whose estimated assessed valuation is $7,835,011,635, current taxes for the ensuing year commencing January 1, 2021, in the amounts specified below: Rate Amount Reg u I a r Tax Levy $2.24 $17,500,000 Excess Tax Levy $0.47 $ 3,902,975 B. The said taxes herein provided for are levied forthe purpose of payment upon the general bonded indebtedness of the City of Tukwila, the General Fund, and for the maintenance of the departments of the municipal governmentof the City of Tukwila forthe fiscal year beginning January 1, 2021. The regular tax levy includes new construction and improvements to property, estimated to be $148,906, a re -levy of prior year refunds and cancellations in the estimated amountof $200,000, and any increase in the value of state - assessed property. C. The excess levy is levied for the purpose of debt service payments on the Unlimited Tax Obligation Bonds sold to finance costs related to the City's Public Safety Plan, as submitted to the qualified electors of the City at a special election held on November 8, 2016. Section 2. Collection. This ordinance shall be certified to the proper County officials, as provided by law, and taxes here levied shall be collected to pay to the Finance Director of the City of Tukwila at the time and in the mannerprovided by the laws of the State of Washington forthe collection of taxes for non -chartered code cities. Section 3. Corrections by City Clerk or Code Reviser Authorized. Upon approval of the City Attorney, the City Clerk and the code reviser are authorized to make necessary corrections to this ordinance, including the correction of clerical errors; references to other local, state or federal laws, codes, rules, or regulations; or ordinance numbering and section /subsection numbering. Section 4. Severability. If any section, subsection, paragraph, sentence, clause or phrase of this ordinance or its application to any person or situation should be held to be invalid or unconstitutional for any reason by a court of competent jurisdiction, such invalidity or unconstitutionality shall not affect the validity or constitutionality of the remaining portions of this ordinance or its application to any other person or situation. Section 5. Effective Date. This ordinance ora summary thereof shall be published in the official newspaper of the City, and shall take effect and be in full force and effect January 1, 2021. CC: Legislative Development\General Tax Levy +Excess Levy 11-12-20 AW:4s Review and analysis by Barbara Saxton Page 2 of 3 A Will Christy O'Flaherty, MMC, City Clerk Office of the City Attorney Allan Ekberg, Mayor Filed with the City Clerk: It-tt-ZO Passed by the City Council: u - Published: I I - 10) - Z(V EffecOve Date: Pevr SLc:toA *rdinance Number ?-(P*-55 CC: Legislative Development\Genera[Tax Levy +Excess Levy 11-12-20 AW:4s Review md analysis by Barbara Sexton Page 3 of 3 City of Tukwila Public Notice of Ordinance Adoption for Ordinances 2637-2640. On November 16, 2020 the City Council of the City of Tukwila, Washington, adopted the following ordinances, the main points of which are summarized by title as follows: Ordinance 2637: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, REPEALING ORDINANCE NO. 2633, INTERIM FLOOD PLAIN MANAGEMENT REGULATIONS (TUKWILA MUNICIPAL CODE (TMG) CHAPTER 16.52); REENACTING TMC CHAPTER 16.52 TO UPDATE FLOOD PLAIN MANAGEMENT REGULATIONS AND POLICIES AS REQUIRED OF JURISDICTIONS PARTICIPATING IN THE NATIONAL FLOOD INSURANCE PROGRAM; PROVIDING FOR SEVERABILITY; AND ESTABLISHING AN EFFECTIVE DATE. Ordinance 2638: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, LEVYING THE GENERAL TAXES FOR THE CITY OF TUKWILA IN KING COUNTY FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2021, ON ALL PROPERTY, BOTH REAL AND PERSONAL, IN SAID CITY, THAT IS SUBJECTTO TAXATION FOR THE PURPOSE OF PAYING SUFFICIENT REVENUE TO CARRY ON THE SERVICES OF THE SEVERAL DEPARTMENTS OF SAID CITY FOR THE ENSUING YEAR, WITH AN EXCESS PROPERTY TAX LEVY FOR THE PURPOSE OF PAYING DEBT SERVICE ON THE CITY'S UNLIMITED TAX GENERAL OBLIGATION BONDS ISSUED IN 2016 AND 2019, AS REQUIRED BY LAW; PROVIDING FOR SEVERABILITY; AND ESTABLISHING AN EFFECTIVE DATE. Ordinance 2639: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, RELATING TO THE LIMITING FACTOR FOR THE REGULAR PROPERTY TAX LEVY ABOVE THE RATE OF INFLATION (IMPLICIT PRICE DEFLATOR); PROVIDING FOR SEVERABILITY; AND ESTABLISHING AN EFFECTIVE DATE. Ordinance 2640: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, INCREASING THE CITY OF TUKWILA REGULAR LEVY FROM THE PREVIOUS YEAR, COMMENCING JANUARY 1, 2021, ON ALL PROPERTY, BOTH REAL AND PERSONAL, IN COMPLIANCE WITH RCW 84.55.120; PROVIDING FOR SEVERABILITY; AND ESTABLISHING AN EFFECTIVE DATE. The full text of this ordinance will be provided upon request. Christy O'Flaherty, MMC, City Clerk Published Seattle Times: November 19, 2020