The URL can be used to link to this page

Home My WebLink About2979 Ordinance4111 .1, 4'6y e 4LeFelice e APP VED TO FO ubstello rney ORDINANCE NO. (,(\r I ck AN ORDINANCE providing for an Ad Valorem Tax Levy in the City of Pasco in accordance with State law THE CITY COUNCIL OF THE CITY OF PASCO, WASHINGTON, DO ORDAIN AS FOLLOWS: §1 A tax for the following sums of money, plus any sum generated due to new construction, 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 1994 General Expense, including Councilmanic Bond Debt Service $1,614,292 1993 Unlimited Tax General Obligation Bond 417.600 $2,031,892 §2 This ordinance shall take effect five (5) days after passage and publication PASSED by the City Council of the City of Pasco, at its regular meeting on December ao , 1993 ATTEST Cathenne D Seaman Deputy City Clerk iqt l,'0.:AtalV JAN 1 n 1991 v,‘N NCE jEPT ORDINANCE NO 2979 AN ORDINANCE providing for arr, Ad Valorem Tax Levy in the City of Pasco in accor- dance with State law THE CITY COUNCIL OF THE CITY OF PASCO WASHINGTON DO OR- DAIN AS FOLLOWS §1 A tax for the following sums of money plus any sum generated due to new con- struction to defray the ex- pense and liabilities of the City of Pasco be and the same is hereby levied for the purpos- es specified against all tax able property in the City for the fiscal year 1994 General Expenses including Councilmanic Bond Debt Services $1 614 292 1993 Unlimited Tax General Obligation Bond 417 600 Total $2 031 892 §2 This ordinance shall take effect five (5) days after pas- sage and publication PASSED by the City Council of the City of Pasco slits reg- ular meeting on December 20 1993 -s- Joyce DeFelice Mayor Attest s Catherine D Seaman Deputy City Clerk Approved As To Form s- Greg A Rubstello City Attorney iE 144 12/26/93 DAY OF Notary him in and for the State of Wash- ington, residing at I f t COMMISSION EXPIRES 7— -4\ktokl r - ri •_PO BOX 2608 PASCO WASHINGTON 99302 2608 jiiii PHONE (509) 582 1500 1ffeAll. ADVEOTO011ale INVOICE DATE 1c) /PE / r LEGAL NO #2 14g , ACCOUNT NO 565=i0 DESCRIPTION 42 1 144 OFDINANCE. NO F )7:17 TIMES 001 INCHES .00 SOLD TO F A9170 CITY OF LEGAL S P .0 . BOX 297, FASCO WA 743701 TOTAg, RIOTOCIE This is an invoice for legal advertising space Please pay from this invoice as no statement will be rendered Please detach at perforation and return with payment AIFFEMV117 OF PUT3111C/37'1100 COUNTY OF BENTON SS STATE OF WASHINGTON ( al rile rid enz le , being duly sworn, deposes and says, I am the Legal Clerk of the Tr-City Herald, a daily newspaper That said newspaper is a legal newspaper and has been approved as a legal newspaper by order of the superior court in the county in which it is published and it is now and has been for more than six months prior to the date of the publication hereinafter referred to, published countinually as a daily newspa- per in Benton County, Washington That the attached is a true copy of a *I-P1 44 ficri T NANFT Kin „ .;7c4 A as it was printed in the regular and entire issue of the Tr-City Herald itself and not in a supplement thereof, 1 time(s), commencing on 1 P ;_ar- / , and ending on 1 P Pf; , and that said newspaper was regulary distributed to its subscribers during all of this period 1,/\ c4z_e „ SUBSCRIBED AND SWORN BEFORE ME THIS Lc) 111111111 11111111111111111111 1111111111 FINANCE DEPARTMENT (509) 545-3401 / Scan 726-3401 / Fax (509) 545-3403 P 0 BOX 293, 412 WEST CLARK, PASCO, WASHINGTON 99301 December 21, 1993 Tn-City Herald P0 Box 2608 Pasco, Wa 99302 Dear Kathy Please publish the attached Ordinance(s) No 2976, 2977, 2979, 2983, 2984, 2985, 2986, 2987, and Summary of Ordinance No. 2982 on the following date. December 26, 1993 Please send two (2) Affidavits of Publication for each Thank you, Catherine D. Seaman Deputy City Clerk 545-3402 cds * No attachments or maps included. < T4NSACT ION REPORT > 12-21-1993(TUE) 10 04 NJ S Ni I -r 3 NO DATE TIME DESTINATION STATION PG DURATION MODE RESULT 2365 12-21 09 57 15095821453 14 0 0 06 04 NORM E OK 14 0°06 04 AGENDA REPORT FOR City Council TO Gary Crutchfield er FROM Dan Underwood, mance Director SUBJECT 1994 PROPERTY TAX LEVY. ) I REFERENCE(S). Propsed Ordinance DATE 12/9/93 WORKSHOP 12/13/93 REGULAR 12/20/93 ll ACTION REQUESTED OF COUNCIL/STAFF RECOMMENDATIONS MOTION, I move to adopt Ordinance No providing for the 1994 Ad Valorem Tax Levy plus new construction and a levy for the 1993 Unlimited Tax General Obligation Bond III HISTORY AND FACTS BRIEF The Franklin County Assessor has informed me that the City will have an estimated assessed valuation of $451,510,452 for 1994 taxes, this number is subject to change since it is based on last year's Public Utilities value Our property tax levy for 1994 will be comprised of the following two elements 1 General Property Tax Levy, 2 1993 Unlimited Tax General Obligation Bond Debt Service GENERAL PROPERTY TAX LEVY Since the city's current general tax levy rate of $3 5092 is below the statutory limit of $3 60, the tax levy for 1994 is limited to 106% of last year's levy amount plus new construction The 1993 general tax levy was $1,485,669 and new construction is $11,251,100 I recommend that the 1994 levy be set at $1,614,292 plus any new construction The actual levy rate will be calculated by the Franklin County Assessor, based on the preliminary assessed valuation amount the requested levy would result in a rate of $3 5753 per $1,000 of assessed value 1993 UNLIMITED GENERAL OBLIGATION BOND DEBT SERVICE 1994 is the first year taxes will be assessed for the 1993 bond issue for the remodel of the Civic Center and the expansion of the Senior Center Each year starting in 1994 and every year until all bonds are redeemed the City will levy a special tax assessment in an amount that will meet the annual debt service obligation on the outstanding bonds The 1994 debt service requirement is $396,723 Past history indicates that approximately 5% of taxes levied in a given year are not collected in that year, to ensure enough tax revenue to meet the debt service obligation I recommend that we levy $417,600 for 1994 The actual levy rate will be calculated by the Franklin County Assessor, based on the preliminary assessed valuation amount the requested levy would result in a rate of $0 9249 per $1,000 of assessed value SUMMARY If the recommended levies are adopted, the levy rate a citizen of Pasco pays for the city portion of their taxes will go from $4 2887 to $4 5002 based on the estimated assessed value provided by the assessor The actual rates will be established by the Franklin County Assessor