HomeMy WebLinkAboutOrd 2774 - 2026 Excess Bond LevyO Z
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City of T
Washington
Ordinance No. 111
AN ORDINANCE OF THE CITY OF TUKWILA, WASHINGTON,
SETTING THE VOTER APPROVED EXCESS BOND LEVY
AMOUNT FOR BUDGET YEAR 2026 FOR THE PURPOSE OF
PAYING DEBT SERVICE ON THE CITY'S UNLIMITED TAX
GENERAL OBLIGATION BONDS ISSUED IN 2016 AND 2019 TO
IMPLEMENT THE CITY'S PUBLIC SAFETY PLAN, AS REQUIRED
BY LAW; PROVIDING FOR CORRECTIONS AND SEVERABILITY;
AND ESTABLISHING AN EFFECTIVE DATE.
WHEREAS, on November 8, 2016, voters approved a $77.385 million bond measure
to implement the City's Public Safety Plan to include funding a Justice Center, rebuilding
three (3) fire stations, and providing fire apparatus and life -safety equipment replacement;
and
WHEREAS, the City, pursuant to the Bond Authorization and Ordinance No. 2514
adopted on November 21, 2016, authorized the issuance and sale of $36,500,000 principal
amount of the City's Unlimited Tax General Obligation Bonds, and pursuant to Ordinance
No. 2610 adopted on July 15, 2019, authorized the issuance and sale of $40,885,000
principal amount of the City's Unlimited Tax General Obligation Bonds, 2019 (collectively,
the "Bonds"); and
WHEREAS, in 2016, the City issued debt in the amount of $32,990,000 with final
maturity in 2036, and in 2019, issued debt in the amount of $37,770,000 with a final maturity
in 2038; and
WHEREAS, the City has determined an excess property tax levy in the amount of
$5,059,475 must be levied in the year 2025 and collected in the year 2026 to provide the
funds necessary to pay the debt service requirements on the Bonds in the year 2026; and
WHEREAS, on October 20, 2025, the Tukwila City Council, following adequate public
notice, held a public hearing to consider the City of Tukwila Excess Bond levy for 2026
collections; and
2025 Legislation: 2026 Excess Levy
Version: 11/6/25
Staff: A. BeMiller
Page 1 of 3
WHEREAS, pursuant to RCW 84.52.070(2), the City is required to certify the amount
to be raised by taxation on assessed valuation with the Clerk of the County legislative
authority by November 30 each year;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON,
HEREBY ORDAINS AS FOLLOWS:
Section 1. Excess Tax Levy Authorized. A voter approved excess levy is authorized
to be collected in 2026 to pay debt service on the City's Unlimited Tax General Obligation
("UTGO") Bonds. The levy for collections in 2026 is $5,059,475, for debt service payments
in 2026, as shown below:
2016 UTGO Bond Debt Service $2,737,925
2019 UTGO Bond Debt Service $2,321,550
Total Excess Levy $5,059,475
The excess levy is levied for the purpose of making debt service payments on the UTGO
Bonds sold to finance costs related to implementation of 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 of 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 five
days after passage and publication as provided by law.
PASSED BY THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, at a
Special Meeting thereof this 10th day of November , 2025.
[signature page to follow]
2025 Legislation: 2026 Excess Levy
Version: 11/6/25
Staff: A. BeMiller
Page 2 of 3
ATTEST/AUTHENTICATED:
Andy Youn-Barnett, CMC, City Clerk
APPROVED AS TO FORM BY:
Office of the pity Attorney
2025 Legislation 202E Excess Levy
Version: 1116/25
Staff' A. BeMiller
PM' ()1-OLJ, Mdyui
Armen Papyan, Mayor Pro Tempore
Filed with the City Clerk: ! D-2 _2-
Passed by the City Council: (f-f O-2-S
Published:
Effective Date: 11- +B -7.-
Ordinance Number: '`1 ill
Page 3 of 3
City of Tukwila Public Notice of Or+'finance Adoption for Ordinance 2.772-2775.
On November 10, 2025, the City Council of the City of Tukwila, Washington, ado3ted
the following ordinance, the main points of which are summarized by title as follows;
ORDINANCE 2772: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
TUKWILA, WASHINGTON, AMENDING ORDINANCE NO, 2749, WHICH ADOPTED'
THE CITY OF TUKWILA'S BIENNIAL BUDGET FOR THE 2025-2026 »'IENNIUM, TO
ADOPT AN AMENDED YEAR-END BUDGET; PROVIDING FOR SEVERABILITY; AND
ESTABLISHING AN EFFECTIVE DATE.
ORDINANCE 2773: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
TUKWILA, WASHINGTON, AMENDING ORDINANCE NOS, 2749 AND 2772, WHICH
ADOPTED AND AMENDED THE CITY OF TUK,WILA'S BIENNIAL iI UDGET FOR THE
2025-2026 BIENNIUM, TO ADOPT AN AMENDED MID -BIENNIUM BUDGET;
PROVIDING FOR SEVERABILITY; AND ESTABLISHING AN EFFECTIVE DATE,.
ORDINANCE 2774: AN ORDINANCE OF THE CITY OF TUKWILA, WASHINGTON,
SETTING THE VOTER APPROVED EXCESS BOND LEVY AMOUNT FOR BUDGET
YEAR 2026 FOR THE PURPOSE OF PAYING DEBT SERVICE ON THE CITY'S
UNLIMITED TAX GENERAL OBLIGATION BONDS ISSUED IN 2016AND 2019 TO
IMPLEMENT THE CITY'S PU » LIC SAFETY PLAN, AS REQUIRED Y LAW;
PROVIDING FOR CORRECTIONS AND SEVERAILIT'Y; AND ESTABLISHING AN
EFFECTIVE DATE,
ORDINANCE 2775: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
TUKWILA, WASHINGTON, RELATING TO PROPERTY TAXES; FIXING THE 2026
GENERAL PROPERTY TAX LEVY FOR THE CITY OF TUKWILA REGULAR LEVY,.
COMMENCING JANUARY 1, 2026, ON ALL PROPERTY, OTH 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,.
Andy Youn-Barnett, City Clerk
Published Seattle Times; November 13, 2025