HomeMy WebLinkAbout3742 Ordinance ORDINANCE NO. 2=, 7 1 2 Option 2
AN ORDINANCE PROVIDING FOR THE 2006 AD VALOREM TAX LEVY, A LEVY
FOR THE 1999 UNLIMITED TAX GENERAL OBLIGATION BONDS AND A LEVY
FOR THE 2002 UNLIMITED GENERAL OBLIGATION REFUNDING BONDS IN THE
CITY OF PASCO IN ACCORDANCE WITH STATE LAW.
THE CITY COUNCIL OF THE CITY OF PASCO, WASHINGTON DO ORDAIN
AS FOLLOWS:
§1. The City Council of the City of Pasco has met and considered its budget for the
calendar year 2006;
§2. The City Council of the City of Pasco after hearing and after duly considering all
relevant evidence and testimony presented, determined that the City of Pasco requires a regular
levy in the amount of$4,752,886, which does not include an increase in property tax revenues
from the previous year, and does include amounts resulting from the addition of new construction
and improvements to property and any increases in the value of state-assessed property, and
amounts authorized by law as a result of any annexations that have occurred and refunds made,
in order to discharge the expected expenses and obligations of the district.
The increase in the regular property tax levy is hereby authorized for the 2006 levy in the
amount of$0 (ZERO)which is a percentage INCREASE of 0% (ZERO) from the previous year.
This increase is exclusive of additional revenue resulting from the addition of new
construction and improvements to property and any increase in the value of state assessed
property, and any additional amounts resulting from any annexations that have occurred and
refunds made.
§3. A tax for the following sums of money which includes new construction and
annexations to defray the expense and liabilities of the City of Pasco, be and the same is hereby
levied for the purposes specified against all taxable property in the City for the fiscal year 2006:
General Expense, including Councilmanic Bond Debt Service $4,752,886
1999 Unlimited Tax General Obligation Bond/Library Remodel 77,382
1999 Unlimited Tax General Obligation Bond/Fire Station 98,018
2002 Unlimited Tax General Obligation Refunding Bonds 384,263
$5,312,549
§4. This Ordinance shall take effect five (5) days after passage and publication.
Adopt y the City Council of the City of Pasco, on this day of November, 2005.
f Pasco:
ichael G , Mayor
Attest: App ed A To Form:
IAIJI/)I . 1\
Webster Jacks oh, City Clerk Leland B. Kerr, City Attorney