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HomeMy WebLinkAbout1994 OrdinanceORDINANCE NO. 1994 AN ORDINANCE fixing the amount of the ad valorem tax levies, the payment of principal and interest upon the general bonded indebtedness of the City of Pasco for the fiscal year 1979, levying the annual ad valorem taxes of the city of Pasco for the fiscal year 1979, and apportioning the same to certain funds for certain purposes. THE CITY COUNCIL OF THE CITY OF PASCO DOES ORDAIN AS FOLLOWS: Section 1. That the annual amount of ad valorem tax levies of the city of Pasco for the fiscal year 1979 be and the same are hereby levied upon real and personal property subject to taxation in said city and all the assessment districts thereof and upon each dollar of taxable value as follows: In all Assessment Districts for Payment to: General, Government 1968 General Obligation Bond Fund 1969 General Obligation Bond Fund 1977 General Obligation Bond Fund Sub Total Levy In the Library Assessment District Amount $724,713 $ 6,800 $ 6,700 $ 60,000 $798,213 for Payment to: 1961 General Obligation Bond Fund $ In the Library and Street Assessment Districts for Payment to: 1965 General Obligation Bond Fund $ In the Library, Street and Bridge Assessment Districts for Payment to: 1971 General Obligation Bond Fund $ In all Assessment Districts for Payment to: Local Improvement Guaranty Fund $ 29,300 59,000 69,000 39,000 Amount Per $1,000 of Assessed Valuation 3.2685 .0307 .0302 .2706 3.6000 .1827 .3125 .3548 .1785 The Sub Total Levy amount above includes $49,888 from the levy of twenty-two and one-half cents ($0.225) per thousand dollars of taxable property as provided for in R.C.W. 41.16.160 and $674,825 from the levy of three dollars and thirty-seven and one-half cents ($3.375) per thousand dollars of taxable property as provided for in R.C.W. 84.52.043. 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 Fund, and for the operation of the several departments of the Municipal Government of the City of Pasco and to guarantee outstanding local improvement bonds and warrants for the fiscal year beginning January 1, 1979, and ending December 31, 1979. 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 personaly property as certified by the county assessor, which,certified is to be 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, together with the estimated revenues from sources other than ad valorem taxes which constitute the appropriations of the city of Pasco for the fiscal year 1979 will be appropriated as itemized and classified in the annual budget for the fiscal year 1979. PASSED by the City Council of the City of Pasco this 2 day of October 1978. Chet Bailie, Mayor A ls, Deputy City Clerk D AS TO Pa`frick T. Roach, Acting City Attorney