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Home My WebLink AboutReg 2024-12-02 Item 6C - Ordinance - Ratify Ordinance #2747 Levying 2025 General TaxesCOUNCIL AGENDA SYNOPSIS nitials Meeting Date Prepared by Mayor's review Council review 10/28/24 Tony 11/04/24 Tony 11/18/24 Tony 12/2/24 Tony ITEM INFORMATION ITEM No. 6.C. STAFF SPONSOR: TONY CULLERTON ORIGINAL AGENDA DATE: 10/28/24 AGENDA ITEM TITLE Ordinances adopting 2025 property tax levy. CATEGORY ® Discussion Mtn Date 10/28/24 ❑ Motion Mtg Date ❑ Resolution Mtg Date Ordinance Mtg Date 1114124 ❑ Bid Award Mtg Date ❑ Public Hearing Mtg Date ❑ Other Mtg Date SPONSOR ❑ Connril ❑ Mayor ❑ Admin Svrs ❑ DCD ® Finance ❑ Fire ❑ PcER ❑ Police ❑ PW SPONSOR'S SUMMARY City Council is being asked to ratify an ordinance levying the General Taxes for the City commencing January 1, 2025. REVIEWED BY ❑ Trans&Infrastructure Svcs ❑ Community Svcs/Safety ❑ Finance & Governance ❑ Planning & Community Dev. ❑ LTAC ❑ Arts Comm. ❑ Parks Comm. ❑ Planning Comm. DATE: 10/28/24 COMMITTEE CHAIR: N/A RECOMMENDATIONS: SPONSOR/ADMIN. Finance COMMITTEE N/A COST IMPACT / FUND SOURCE EXPENDITURE REQUIRED AMOUNT BUDGETED APPROPRIATION REQUIRED Fund Source: Comments: MTG. DATE RECORD OF COUNCIL ACTION 10/28/24 Forwarded to next Regular Meeting 11/04/24 Forwarded to next Regular Meeting 11/18/24 Ordinance No. 2747 passed MTG. DATE ATTACHMENTS 11/18/24 Final Ordinance levying the general taxes Ordinance decreasing the 2025 general property tax levy (revised after 11/4 Regular Mtg) 12/2/24 Informational Memorandum dated 11/26/24 Final Adopted Ordinance (No. 2747) 171 172 City of Tukwila Thomas McLeod, Mayor INFORMATIONAL MEMORANDUM TO: City Council FROM: Marty Wine, City Administrator BY: Andy Youn, City Clerk CC: Thomas McLeod, Mayor DATE: November 26, 2024 SUBJECT: Ratification of Ordinance No. 2747 — 2025 General Tax Levy ISSUE Ratify Ordinance No. 2747 that adopted the 2025 General Tax Levy and Excess Levy. BACKGROUND On November 18th, 2024, the Council adopted Ordinance No. 2747 levying the general taxes and excess property tax levies for the City commencing January 1, 2025. In preparing the Council meeting minutes from the November 18th Regular Meeting, staff found that a motion had inadvertently been missed prior to the vote that adopted the ordinance. DISCUSSION Motions provide authority for a legislative body to take a particular action. Per the Tukwila City Council's Rules of Procedure (adopted via Resolution No. 2093), a Councilmember must make a motion that must then be seconded by another Councilmember, to place it on the table for action. At the November 18th Regular Meeting, a first motion was made, seconded, and voted on to have the ordinance in question be read by title only. Discussion then occurred regarding the ordinance, but the procedural element of making a first and second motion to adopt the ordinance was inadvertently missed prior to voting to adopt the ordinance as read. Based on advice from the City Attorney, staff is requesting the City Council ratify Ordinance No. 2747 adopted at the November 18th Regular Meeting to remedy the procedural irregularity. The City's obligation to submit its certification of the City's property tax levies to King County by the November 30th deadline were met, and the County has indicated the City may act to ratify Ordinance No. 2747 no later than December 2, 2024. FINANCIAL IMPACT N/A RECOMMENDATION The Council is being asked to ratify Ordinance No. 2747 at the December 2, 2024 Regular Meeting. ATTACHMENTS Ord 2747 - 2025 General Tax Levy 173 174 ashington. anc 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, 2025, 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 2025 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 $2.325, which is comprised of the $3.60 City base rate, less $0.50 for the Library District, Tess $1.00 for the Regional Fire Authority, plus $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 2025, an excess property tax levy in the amount of $4,931,725 for the Bonds must be levied in year 2024, and collected in year 2025; and WHEREAS, the final assessed valuation calculation has been determined; 2024 Legislation: General Tax Levy + Excess Version: 10/14/24 Staff: A. BeMiller Page 1 of 3 175 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 $9,528,451,965, current taxes for the ensuing year commencing January 1, 2025, in the amounts specified below: Regular Tax Levy Excess Tax Levy Rate Amount $1.25 $ 11,999,228 $0.52 $ 4,931,725 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, 2025. The regular tax levy includes new construction and improvements to property, estimated to be $45,165, a re -levy of prior year refunds in the estimated amount of $60,651, 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, 2025. 2024 Legislation: General Tax Levy + Excess Version: 10/14/24 Staff: A. BeMiller 176 Page 2 of 3 PASSED BY THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, at a Regular Meeting thereof this 1 day of NieNfarlrktelftv— , 2024. ATTEST/AUTHENTICATED: Andy Youn, CMC, City Clerk APPROVED AS TO FORM BY: Office of the City Attorney 2024 Legislation: General Tax Levy + Excess Version: 10/14/24 Th mas McLeod, M yor Filed with the City Clerk: 1 0-2.9- Passed by the City Council: 0,- IS-2 Published: 11 - - LA Effective Date: r- St-cfibk Ordinance Number: i?_-+ 4 Staff: A. BeMiller Page 3 of 3 177 City of Tukwila Public Notice of Ordinance Adoption for Ordinances 2747-2748. On November 18, 2024, 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 2747: AN ORDINANCE OFTHE CITY COUNCIL OFTHE CITY OFTUKWILA, WASHINGTON, LEVYING THE GENERAL TAXES FOR THE CITY OF TUKWILA IN KING COUNTY FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2025, 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. ORDINANCE 2748: AN ORDINANCE OFTHE CITY COUNCIL OFTHE CITY OFTUKWILA, WASHINGTON, RELATING TO PROPERTY TAXES; DECREASING THE 2025 GENERAL PROPERTY TAX LEVY FOR THE CITY OFTUKWILA REGULAR LEVY FROM THE PREVIOUS YEAR, COMMENCING JANUARY 1, 2025, ON ALL PROPERTY, BOTH REAL AND PERSONAL, IN COMPLIANCE WITH RCW 84.55.120; PRESERVING FUTURE LEVY CAPACITY; PROVIDING FOR SEVERABILITY; AND ESTABLISHING AN EFFECTIVE DATE. The full text of these ordinances will be provided upon request. AndyYoun, Records Governance Manager/City Clerk Published Seattle Times: November 21, 2024 178