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HomeMy WebLinkAboutReg 2020-11-16 Item 5C - Ordinances - 2021 Tax LevyITEM INFORMATION STAFF SPONSOR: VICKY CARLSEN ORIGINAL AGENDA DATE: 11/09/20 AGENDA ITEM TITLE Approve property tax ordinances for 2021 property tax levy. CATEGORY Discussion Motion Resolution Ordinance Bid Award Public Hearing Other Mtg Date 11/09/20 Mtg Date Mtg Date Mtg Date 11/16/20 Mtg Date Mtg Date 11/09/20 Mtg Date SPONSOR Council Mayor HR DCD Finance Fire TS P&R Police PW Court SPONSOR’S SUMMARY The Council is being asked to approve three property tax ordinances for the 2021 property tax levy - one to authorize the levy, the second to approve an increase in the levy from the previous year and the third ordinance showing substantial need to increase above the Implicit Price Deflator. REVIEWED BY C.O.W. Mtg. CDN Comm Finance Comm. Public Safety Comm. Trans &Infrastructure Arts Comm. Parks Comm. Planning Comm. DATE: 10/26/20 COMMITTEE CHAIR: SEAL RECOMMENDATIONS: SPONSOR/ADMIN. Finance Department COMMITTEE Unanimous Approval; Forward to Committee of the Whole COST IMPACT / FUND SOURCE EXPENDITURE REQUIRED AMOUNT BUDGETED APPROPRIATION REQUIRED $ $ $ Fund Source: Comments: MTG. DATE RECORD OF COUNCIL ACTION 11/09/20 11/16/20 MTG. DATE ATTACHMENTS 11/09/20 Informational Memorandum dated 10/26/20 3 Draft Ordinances Preliminary Levy Limit Worksheet Minutes from the 10/26 Finance Committee meeting 11/16/20 COUNCIL AGENDA SYNOPSIS ----------------------------------Initials --------------------------------- ITEM NO. Meeting Date Prepared by Mayor’s review Council review 11/09/19 VC 11/16/19 VC Forward to next Regular Meeting 3 Final Ordinances 5.C. 125 126 CC: Legislative Development\General Tax Levy + Excess Levy strike-thru 11-12-20 AW:bjs Review and analysis by Barbara Saxton Page 1 of 3 NOTE: Track changes on Pages 1 and 2 reflect a correction made to the Excess Tax Levy amount after the 11/9/20 C.O.W. Meeting. 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 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 City of Tukwila has considered the City's anticipated financial requirements for 2021 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; and pursuant to Ordinance No. 2610, passed on July 15, 2019, authorized the issuance and sale of $40,885,000 principal amount of the City’s Unlimited General Obligation Bonds, 2019 (together the “Bonds”); and has determined that to provide the money necessary to pay the debt service requirements on the Bonds in the year 2020, an excess property tax levy in the amount of $3,602,975 $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; 127 CC: Legislative Development\General Tax Levy + Excess Levy strike-thru 11-12-20 AW:bjs Review and analysis by Barbara Saxton Page 2 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 Regular Tax Levy $2.24 $17,500,000 Excess Tax Levy $0.47 $ 3,602,975 3,902,975 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, 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 amount of $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 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 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 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, 2021. 128 CC: Legislative Development\General Tax Levy + Excess Levy strike-thru 11-12-20 AW:bjs Review and analysis by Barbara Saxton Page 3 of 3 PASSED BY THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, at a Regular Meeting thereof this _______ day of _____________________, 2020. ATTEST/AUTHENTICATED: Christy O'Flaherty, MMC, City Clerk Allan Ekberg, Mayor APPROVED AS TO FORM BY: Filed with the City Clerk: Passed by the City Council: Published: Effective Date: Ordinance Number: Office of the City Attorney 129 130 City of Tukwila Washington Ordinance No. 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. WHEREAS, the City Council of the City of Tukwila has considered its budgetfor the 2021-2022 biennium; and WHEREAS, in the course of considering the 2021-2022 biennial budget, the City Council reviewed all sources of revenue and examined all anticipated expenses and obligations; and WHEREAS, due to the needs regarding parks, residential and arterial streets, City facilities, and police and fire services, the City Council found there is substantial need to increase the regular property taxlimitfactorabove the rate of inflation; and WHEREAS, the City Council desires to continue thatrate in orderto meet service needs in the City in 2021 and beyond; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, HEREBY ORDAINS AS FOLLOWS: Section 1. Regular Tax Levy. The City CounciloftheCityofTukwilafindsthereis substantial need to increase the regular property tax limit factor above the rate of inflation, and hereby establishes that the limit factor for the regular levy for calendar year 2021 shall be 101% of the highestamountof the regular property taxes that could have been lawfully levied in Tukwila in any year since 1985. CC: Legislative Development\Propertytax levy-limiting factor 10-8-20 AW:bjs Review and analysis by Barbara Saxton Page 1 of 2 131 Section 2. 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 3. Severability. If any section, subsection, paragraph, sentence, clause or phrase of this ordinance orits 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 ofthis ordinance or its application to any other person or situation. Section 4. 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. PASSED BY THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, at day of , 2020.a Regular Meeting thereof this ATTEST/AUTHENTICATED: Allan Ekberg, MayorChristy O'Flaherty, MMC, City Clerk Filed with the City Clerk:__ Passed by the City Council: Published:_____________Effective Date:__________ Ordinance Number:______ APPROVED AS TO FORM BY: Office of the City Attorney CC: Legislative Development\Propertytax levy-limiting factor10-8-20 AW: bj s Review and analysis by Barbara Saxton Page 2 of 2 132 City of Tukwila 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, 2021, 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 noticeof a public hearing held on November9, 2020, pursuantto RCW 84.55.120; and WHEREAS, after such hearing and after duly considering all relevant evidence and testimonypresented,theCityCouncil has determined that in orderto 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 forth e property tax revenue to be increased for2021, and thefinal 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 2021 levy in the amou nt of $151,788, which is a percentage increase of 0.91 % 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. CC: Legislative Development\RegularTax Levylnaease 10-8-20 AW:bjs Review and analysis by Barbara Saxton Page 1 of 2 133 Section 2. 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 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 ofthis ordinance or its application to any other person or situation. Section 4. 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. PASSED BY THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, at ,2020.day ofa Regular Meeting thereof this ATTEST/AUTHENTICATED: Allan Ekberg, MayorChristy O'Flaherty, MMC, City Clerk Filed with the City Clerk:__ Passed by the City Council: Published:_____________ Effective Date:__________ Ordinance Number:______ APPROVED AS TO FORM BY: Office of the City Attorney CC: Legislative Development\RegularTax Levy Inaease 10-8-20 AW: bj s Review and analysis by Barbara Saxton Page 2 of 2 134