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HomeMy WebLinkAbout1738 OrdinanceORDINANCE NO. 1.738 AN ORDINANCE FIXING THE AMOUNT OF THE AD VALOREM TAX LEVEES NECESSARY TO RAISE THE ADDITIONAL AMOUNTS NEEDED BETWEEN ESTIMATED REVENUES FROM SOURCES OTHER THAN AD VALOREM TAXES FOR CERTAIN FUNDS AND THE ESTIMATED EXPENDITURES FOR SAID FUNDS; FOR THE PAYMENT OF PRINCIPAL AND INTEREST UPON THE GENERAL BONDED INDEBTEDNESS OF THE CITY OF PASCO FOR THE FISCAL YEAR 1976; AND TO LEVY THE ANNUAL AD VALOREM TAXES OF THE CITY OF PASCO FOR THE FISCAL YEAR 1976, AND APPORTION THE SAME TO CERTAIN FUNDS FOR CERTAIN PURPOSES. THE CITY COUNCIL OF THE CITY OF PASCO DO ORDAIN AS FOLLOWS: Section 1. That the annual amount of ad valorem tax levies of the City of Pasco for the fiscal year 1976 necessary to raise the addi;ti,onal amounts needed between estimated revenues from sources other than ad valorem taxes and expenditures for such said funds, be and the same are hereby levied. upon. real and personal property subject to taxation i`n said City and all the assessment districts there of and upon each dollar of taxable value as follows, to -wit: Amount per $1,000 of Amount Assessed Valuation In All Assessment Districts for Payment to: General, Library $475,847 3.398 1968 General Obligation Bond Fund 5,100 .036 1969 General Obligation Bond Fund 4,700 .034 Sub -Total Levy: $485,647 3.468 In the Library Assessment District for Payment to: 1961 General Obligation Bond Fund $ 23,100 .190 In the Library and Street Assess- ment Districts for Payment to: 1965 General Obligation Bond Fund $ 47,200 .355 In the Library, Street and Bridge Assessment Distr,'icts for Payment to: 1971 General Obligation Bond Fund 54,300 .407 TOTAL LEVY: $610,247 $4.420 Section 2. That said taxes herein provided for are levied for the purpose of raising revenues sufficient to pay the principal and interest upon the general bonded indebtedness of the City of Pasco and for a portion of the General and Ordinance No. 1738 . -2- Date: 10/7/75 Library Funds, and for the operation of the several departments of the Municipal Government of the City of Pasco for the fiscal year beginning January 1, 1976, and ending December 31, 1976. Further, said taxes are hereby levied upon all the real and personal property as shown by the assessments in the County of Franklin, as finally fixed by the County and the State Board of Equalization, and as extended upon the books of the County Assessor, showing the property within said City subject to taxation for municipal purposes, and upon the amount of said real and personal property as certified by the County Assessor, which certificate was heretofore received by the City of Pasco, all pursuant to and under and by virtue of the Laws of the State of Washington. Section 3. That the taxes collected from the levies hereby fixed, to- gether with the estimated revenues from sources other than ad valorem taxes which constitute the appropriations of the City of Pasco for the fiscal year 1976 will be appropriated as i'temi'zed and classi'fi'ed i'n the annual budget for the fiscal year 1976. PASSED and APPROVED this 7 day of October 1975. DO L D.' LI°NTQN, MAYOR ATTEST: LEO E. OLNEY, DhRECTOR OF FINA AND EX -OFFICIO CITY .C,LERK APPROVED AS -TO FORM: PATRICK T. ROACH, CITY ATTORNEY, Mrs. Wilma Van Buren Franklin County Assessor 1016 N. 4th Pasco, Washington 99301 Dear Mrs. Van Buren: At the regular meeting of the Pasco City Council, held October 7, 1975, they passed the attached Ordinance regarding Ad Valorem taxes. If we can be of further assistance to you, or answer any questions, please feel free to call on us. Sincerely yours, Leo E. Olney, Director of Finance LEO:ew