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Home My WebLink AboutReg 2017-11-20 Item 4F - Ordinances - 2018 Property Tax LegislationCOUNCIL AGENDA SYNOPSIS Initials Meeting Date Prepared by Mayor's review Council review 11/13/17 VC MR 11/20/17 VC ,,, 1J1 --R E Bid Award Altg Date 11 Public Hearing ❑ Other .AItg Date /1 kg Date Mtg Date 11/13/17 SPONSOR 7Counczl (—Mayor ❑FIR DCD I Finance Fire ❑ 71S' ❑P&'R ❑Police •PIF% Court SPONSOR'S The Council is being asked to approve two property tax ordinances for the 2018 property SUMMARY tax levy - one to authorize the levy and the second to approve an increase in the levy from the previous year. RI 11 WIM BY ❑ C.O.W. Mtg. ❑ CDN Comm ® Finance Comm. E Public Safety Comm. E Trans &Infrastructure ❑ Arts Comm. ❑ Parks Comm. F Planning Comm. DATE: 11/7/17 COMMITTEE CHAIR: SEAL ITEM INFORMATION ITEM No. 4.F. 79 STAFF SPONSOR: VICKY CARLSEN ORIGINAL, AGFNDA DATE: 11/13/17 AG1 ND,A II ] NNI TIT11' Approve property tax ordinances for 2018 property tax levy. C.VIEGORY ►1 Discussion 11/13/17 ❑ Motion Afg Date _Resolution Mtg Date ® Ordinance Mg Date 11/20/17 E Bid Award Altg Date 11 Public Hearing ❑ Other .AItg Date /1 kg Date Mtg Date 11/13/17 SPONSOR 7Counczl (—Mayor ❑FIR DCD I Finance Fire ❑ 71S' ❑P&'R ❑Police •PIF% Court SPONSOR'S The Council is being asked to approve two property tax ordinances for the 2018 property SUMMARY tax levy - one to authorize the levy and the second to approve an increase in the levy from the previous year. RI 11 WIM BY ❑ C.O.W. Mtg. ❑ CDN Comm ® Finance Comm. E Public Safety Comm. E Trans &Infrastructure ❑ Arts Comm. ❑ Parks Comm. F Planning Comm. DATE: 11/7/17 COMMITTEE CHAIR: SEAL RECOMMENDATIONS: SPONSOR/ADMIN. COMMI Finance Department IEE Unanimous Approval; Forward to Committee of the Whole COST IMPACT / FUND SOURCE EXP1:NDI1'URE REQUIRED AMOUNT BUDGETED APPROPRIATION REQUIRED $ $ Fund Source: Comments: MTG. DATE RECORD OF COUNCIL ACTION 11/13/17 Forward to Regular Meeting MTG. DATE ATTACHMENTS 11/13/17 Informational Memorandum dated 11/1/17 Draft Ordinances Preliminary Levy Limit Worksheet 11/20/17 Final Ordinances 79 80 City of Tul ila Washington Ordinance No. 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, 2018, ON ALL PROPERTY, BOTH REAL AND PERSONAL, IN COMPLIANCE WITH RCW 84.55.120; PROVIDING FOR SEVERABILITY; AND ESTABLISHING AN EFFECTIVE DATE. WHEREAS, the City of Tukwila has properly given notice of a public hearing held on November 13, 2017, pursuant to RCW 84.55.120; and WHEREAS, after such hearing and after duly considering all relevant evidence and testimony presented, the City Council has determined that in order to discharge its expected expenses and obligations the City requires an increase in property tax revenue from the previous year, in addition to the increase resulting from the addition of new construction and improvements to property and any increase in the value of State -assessed property; and WHEREAS, the City Council has determined it is in the City's best interest and necessary to meet its expenses and obligations for the property tax revenue to be increased for 2018, and the final assessed valuation calculation has been determined; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, HEREBY ORDAINS AS FOLLOWS: Section 1. An increase 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 2018 levy in the amount of $129,634, which is a percentage increase of 1% from the previous year. This increase is exclusive of additional revenue resulting from new construction, improvements to property, any increase in the value of State -assessed property, any annexations that have occurred and refunds made. W: Word Processing\Ordinances\Regular Tax Levy Increase 10-16-17 VC:bjs Page 1 of 2 81 Section 2. Corrections by City Clerk or Code Reviser. 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 3. 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 4. Effective Date. This ordinance or a 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, 2018. PASSED BY THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, at a Regular Meeting thereof this day of , 2017. ATTEST/AUTHENTICATED: Christy O'Flaherty, MMC, City Clerk APPROVED AS TO FORM BY: Rachel B. Turpin, City Attorney Allan Ekberg, Mayor Filed with the City Clerk: Passed by the City Council: Published: Effective Date: Ordinance Number: W: Word Processing\Ordinances\Regular Tax Levy Increase 10-16-17 VC:bjs 82 Page 2 of 2 Citv of Tukwila Washington Ordinance No. 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, 2018, 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, AS REQUIRED BY LAW; PROVIDING FOR SEVERABILITY; AND ESTABLISHING AN EFFECTIVE DATE. WHEREAS, the City Council of the City of Tukwila has considered the City's anticipated financial requirements for 2018 and the amounts necessary and 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 for the Firemen's Pension Fund as allowed by RCW 41.16.060; and WHEREAS, the City, pursuant to Ordinance No. 2514, passed on November 21, 2016, authorized the issuance and sale of $36,500,000 principal amount of the City's Unlimited Tax General Obligation Bonds, 2016 (the "Bonds"); and has determined that to provide the money necessary to pay the debt service requirements on the Bonds in the year 2018, an excess property tax levy in the amount of $2,800,000 for the Bonds must be levied in year 2017, and collected in year 2018; and WHEREAS, the final assessed valuation calculation has been determined; W: Word Processing\Ordinances\General Tax Levy + Excess Levy 10-16-17.doc VC:bjs Page 1 of 3 83 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 $6,044,327,455, current taxes for the ensuing year commencing January 2018, in the amounts specified below: Regular Tax Levy Excess Tax Levy Rate Amount $2.50 $15,300,000 $0.47 $ 2,800,000 B. The said taxes herein provided for are levied for the 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 government of the City of Tukwila for the fiscal year beginning January 1, 2018. 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 manner provided by the laws of the State of Washington for the collection of taxes for non -chartered code cities. Section 3. Corrections by City Clerk or Code Reviser. 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 or a 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, 2018. W: Word Processing\Ordinances\General Tax Levy + Excess Levy 10-16-17.doc VC:bjs 84 Page 2 of 3 PASSED BY THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, at a Regular Meeting thereof this day of , 2017. ATTEST/AUTHENTICATED: Christy O'Flaherty, MMC, City Clerk APPROVED AS TO FORM BY: Rachel B. Turpin, City Attorney Allan Ekberg, Mayor Filed with the City Clerk: Passed by the City Council: Published: Effective Date: Ordinance Number: W: Word Processing\Ordinances\General Tax Levy + Excess Levy 10-16-17.doc VC:bjs Page 3 of 3 85