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HomeMy WebLinkAboutRes 1729 - Finding of Substantial Need for 2011 Property Tax LevyCity of Tukwila Washington Resolution No. 1 '721 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, DECLARING A FINDING OF SUBSTANTIAL NEED RELATING TO THE CITY OF TUKWILA PROPERTY TAX LEVY, COMMENCING JANUARY 1, 2011, ON ALL PROPERTY, BOTH REAL AND PERSONAL, IN COMPLIANCE WITH RCW 84.55.120. WHEREAS, the City of Tukwila has properly given notice of a public hearing, held on November 22, 2010, pursuant to RCW 84.55.120; and WHEREAS, the City Council finds that there is a substantial need, due to declining sales tax revenue and general maintenance and operation expenses, to increase the budget by 1% and to set the levy limit at 101 %, pursuant to RCW 84.55.010; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, HEREBY RESOLVES AS FOLLOWS: Section 1. An increase of 1% in the regular property tax levy, in addition to any amount resulting from the addition of new construction and improvements to property and any increase in the value of State - assessed property, is hereby authorized for the 2011 levy. This increase is exclusive of additional revenue resulting from new construction, improvements to property, and any increase in the value of State - assessed property, any annexations that have occurred and refunds made. PASSED BY THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, at a Special Meeting thereof this o?a day of AJt NA?) b. , 2010. ATTEST/ AUTHENTICATED: Melissa Hart, Acting City Clerk APPROVED AS TO BY: Of ice of the ney Dennis Robertson, Council President Filed with the City Clerk: / - / 7 - 1 0 Passed by the City Council: X1-22 -/D Resolution Number: rid.1 W Word Processing \Resolutions \2011 Property Tax Levy Substantial Need.doc SH:mrh 11/17/2010 Page 1 of 1