HomeMy WebLinkAbout2093 OrdinanceORDINANCE NO. 2093
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
1980, the amount for deposit to the local inprovement
guaranty fund for 1980, levying the annual ad valorem
taxes of the City of Pasco for the fiscal year,1980, and
apportioningof 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 the ad valorem tax levies of
the City of Pasco for the fiscal year 1980 be and the same are hereby
levied upon real and personal property subject to taxation in said city
and all the assessment districts thereof in the amount as follows:
a) General, Government ..... $3.60 per $1,000 of assessed valuation
This subtotal levy amount is under the authority of R.C.W.
41.16.164 which provides for a levy of $.225 per thousand dollars
and R.C.W. 84.52.043 which provides for the levy $3.375 per
thousand dollars.
Included in the proceeds of the subtotal levy above stall be the
amounts payable as follows:
1968 General Obligation Bond Fund $ 7,000
1969 General Obligation Bond Fund $ 7,000
1977 General Obligation Bond Fund $ 63,000
1979 General Obligation Bond Fund $ 68,000
b) In addition to the general levy of ad valorem taxes in subsection
(a), the city shall levy an ad valorem tax upon the property of the
city subject to such taxation in such amount as to raise the
following proceeds from said taxation:
1) 1961 Library General Obligation Bond Fund .......... $31,000
2) 1965 Arterial Street General Obligation Bond Fund..$64,000
3) 1971 Bridge General Obligation Bond Fund ........... $70,000
4) Local Improvement Guaranty Fund....................$59,000
c) The amounts in subsection (b)(1),(2), and (3) are levied for said
funds as previously authorized for said special levies. The amount
levied in subsection (b)(4) is authorized pursuant to R.C.M.
35.54.060 which provides for the levy of a tax for the maintenance
of the Local Improvement Guaranty Fund which tax shall be additional
to, and, if need be, in excess of all statutory and charter
limitations applicable to tax levies in any city or town. The
amount levied in subsection (b) :(4) is in an amount deemed necessary
to maintain the Local Improvement Guaranty Fund and is in an
amount which does not exceed five percent of the outstanding
obligations guaranteed by said fund.
_2_
Section 2. That said taxes herein provided for are levied for the
purposes of raising revenue 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, 1980, and ending December -31, 1980. 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 certification 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 1980 will be appropriated as itemized and classified in the
annual budget for the fiscal year 1980.
PASSED by the City Council of the City of Pasco this 1 day of
October , 1979.
1
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Chet Bailie, Mayor
AT:
ls, City Clerk
APPROVED AS TO FO
ILA�3 Q: t0f ;Lc__
Dennis J. De Mice, City Attorney