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Home My WebLink About3333 OrdinanceCITY OF PASCO WASHINGTON ORDINANCE NO 3333 AN ORDINANCE preserving property tax levy capacity m the City of Pasco Washmgton, for fiscal years after 1999 in accordance with state law WHEREAS, the City Council of the City of Pasco, Washington (the "City"), on December 21, 1998, held a public hearing on an operating budget of the City for fiscal year 1999, including consideration of possible increases in property tax revenues required for that operating budget, and due notice of that public hearing was given in the manner provided by law and all persons appearing at such hearing and wishing to be heard were heard, and WHEREAS, following such pubhc hearmg, the City Council of the City by Ordinance No 333 , passed December 21, 1998, approved an operating budget of the City for fiscal year 1999, and WHEREAS, to provide the property tax revenues required by the operating budget of the City for fiscal year 1999, City Council of the City levied property taxes on all taxable property m the City for collection m fiscal year 1999 m the total amount of $2,198,771, which dollar amount is the sum of (a) $2,040,391, which is the same amount of property taxes levied by the City in fiscal year 1998, plus (b) $158,380, which is the amount of additional taxes at the 1998 levy rate of 2 545 cents per $1,000 of assessed value resultmg from the addition of new construction and improvements to property in the City, property annexed into the City during fiscal year 1998, and any increase in value of state-assessed property m the City, and WHEREAS, the City Council of the City desires to preserve m accordance with state law the capacity of the City to levy property taxes in future fiscal years after 1999 calculated as if the City in fiscal year 1999 had levied the full amount allowed by state law upon a finding of substantial need therefor, and WHEREAS, upon a fmdmg of substantial need and based upon a limit factor of 106% as provided by RCW 84 55 0101, the City would be permitted to levy property taxes for fiscal year 1999 m a total amount of $2,321,194 (the "full amount allowed by law"), which dollar amount is the sum of (a) $2,162,814 (the amount calculated by multiplying the 1998 property tax levy of $2,040,391 times a limit factor of 106%), plus (b) $158,380, which is the amount of additional taxes at the 1998 levy rate of 2 545 cents per $1,000 of assessed value resulting from the addition of new construction and improvements to property m the City, property annexed into the City during fiscal year 1998, and any increase m value of state-assessed property in the City, and WHEREAS, the full amount allowed by law for fiscal year 1999 of $2,321,194 is $122,423 greater than the actual property tax levy of the City for fiscal year 1999 of $2,198,771 and such excess of $122,423 represents the unused 1999 property tax levy capacity that the City desires to preserve for future fiscal years after 1999, NOW, THEREFORE, 50064072 01 THE CITY COUNCIL OF THE CITY OF PASCO, WASHINGTON, DO ORDAIN as follows Section 1 The City Council of the City finds and determines that there is substantial need for the City to preserve for future fiscal years after 1999 the capacity to levy property taxes on all taxable property m the City m the amount of $122,423, which is equal to the unused levy capacity of the City for fiscal year 1999 This substantial need includes, without limitation, the anticipated future requirements for additional property tax revenues that will be needed to pay debt service on councilmamc bonds expected to be issued to fmance the acquisition and construction of a City softball complex, to pay for the construction and/or maintenance of roads, streets, bridges and other transportation facilities of the City, to satisfy anticipated and unanticipated new regulatory requirements applicable to the City, to provide for potential excess costs of capital facilities, and generally to meet other substantial future financial requirements of the City Section 2 This ordinance shall take effect and be in force from and after its passage and five days following its publication as required by law PASSED by the City Council by the affirmative vote of a majority plus one vote of the members thereof and APPROVED by the Mayor of Pasco, Washington, at a regular open public meeting thereof, this 21st day of December, 1998 Al lEST APPROVED AS TO FORM City Attorney 50064072 01 -2- I, DANIEL L UNDERWOOD, City Clerk of the City of Pasco, Washmgton, certify that the attached copy of Ordmance No is a true and correct copy of the original ordinance passed on the 20 day of December, 1998, as that ordmance appears on the Mmute Book of the City DATED this day of December, 1998 Daniel L Underwood, City Clerk 0300866 01 DAY OF • SUBSCRIBE AND SWORN BEFORE ME THIS DATE 1 / J "II :I-P .) LEGAL NO #(-)(IF o — P0 BOX 2608 ACCOUNT NO 1 cii.:1 2 PASCO, WASHINGTON 99302 2608 PHONE (509) 582 1500 DESCRIPTION 40oE. I' NAN( E NO . &HIM& ADVE2700002 INVOICE TIMES 1 LINES SOLD TO F nST 0 CIIY OF LEflPiL S F O. BOX .D2 PW.:3C 0 kV) -.417,o1 VCDY'AIL 135.10 PSOTOCEE. 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 CITY C DASCO WASI{t.IGTON ORDINANCE NO 3333 AN ORDINANCE preserv mg property tax levy capac- ity in the Ctty of Pasco Washington for fiscal years after 1999 in acdor dance with state law WHEREAS the City Coun- cil of the City of Pasco Washington (the City) on December 21 1998 held a public hearing on an op- erating budget of the City for fiscal year 1999 includ ing consideration of possi- ble increases in property tax revenues required for that operating budget and due notice of that public hearing was given in the manner provided by law and all persons appearing at such hearing and wish- ing to be heard were heard and WHEREAS following such public hearing the City Council of the City by Or dinance No 3323 passed December 21 1998 ap proved an operating bud- get of the City for fiscal year 1999 and WHEREAS to provide the property tax revenues re- quired by the operating budget of the City for fiscal year 1999 City Council of the City levied property taxes on all taxable prop- erty in the City for collec bon in fiscal year 1999 in the total amount of $2 198 771 which dollar amount is the sum of (a) $2 040 391 which is the same amount of property taxes levied by the City in fiscal year 1998 plus (b) $158 380 which is the amount of additional taxes F at the 1998 levy rate of 2 545 cents per $1 000 of assessed value resulting from the addition of new construction and im- ) provements to property in the City property annexed into the City during fiscal year 1998 and any in- crease in value of state assessed property in the City Qa.nd WHEFIEAS the City Coun cil of the City desii es to preserve in accordance with state law the capacity of the City to levy property taxes in future fiscal years after 1999 calculated as if the City in fiscal year 1999 had levied the full amount allowed by state law upon a finding of substantial need therefor and WHEREAS upon a finding of substantial need and based upon a limit factor of 106% as provided by RCW 84 55 0101 the City would be permitted to levy prop erty taxes for fiscal year 1999 in a total amount of $2 321 194 (the full amount allowed by law) which dol lar amount is the sum of (a) $2 162 814 (the amount calculated by multiplying the 1998 property tax levy of $2 040 391 times a limit factor of 106%) plus (b)I $158 380 which is the amount of additional taxes at the 1998 levy rate of 2 545 cents per $1 000 of assessed value resulting from the addition of new construction and im- provements to property ri the City property annexed into the City during fiscal year 1998 and any in crease in value of state- assessed property in the City and WHEREAS the full amount allowed by law for fiscal year 1999 of $2 321 194 is $122 423 greater than the actual property tax levy of the C.My for fiscal year 1999 of $2 198 771 and such ex cess of $122 423 repre sents the unused 1999 property tax levy capacity that the City desires to pre- serve for future fiscal years after 1999 NOW Mtn JAN I 9 1999 NikNCE DEPT. THEREFORE THE CITY COUNCIL OF THE CITY OF PASCO WASHINGTON DO OR DAIN as follows Section 1 The City Council of the City finds and deter- mines that there is substantial need for the City to preserve for future fiscal years after 1999 the capacity to levy property taxes on all taxable prop- erty in the City in the amount of $122 423 which is equal to the unused levy capacity of the City for fis- cal year 1999 This substantial need includes without limitation the anticipated future requirements for additional property tax revenues that will be needed to pay debt service on councilmanic bonds expected to be is sued to finance the acqui salon and construction of a City softball complex to pay for the construction and/or maintenance of roads streets bridges and Other transportation facili ties of the City to satisfy anticipated and unantic ipated new regulatory requirements applicable to the City to provide for potential excess costs of capital facilities and gen- erally to meet other substantial future financial requirements of the City Section 2 This ordinance shall take effect and be in force from and after its pas sage and five days follow mg its publication as re quired by law PASSED by the City Coun cil by the affirmative vote of a majority plus one vote of the members thereof and APPROVED by the Mayor of Pasco Washington at a regular open public meet- ing thereof this 21st day of December 1998 CharlLs D Kilbury Mayor ATTEST Catherine D Seaman City Clerk Approved as to Form Leland B Kerr C ity Attorney #0029 1/10/99 1 AMULDAK`u -' PUL131110A`if'1100 COUNTY OF BENTON SS STATE OF WASHINGTON , 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 )k )1, E NANLE _ , _ copy of a as it was printed in the regular and entire issue of the Tr-City Herald itself and not in a supplement thereof, t time(s), 10/--)-1 :4 commencing on / 1 , and ending on 01 1 t 0 ' 1 '7'4 , and that said newspaper was regulary distributed to its subscribers during all of this period E bon] Twit t Notary public in and for the Se of Wash- ington, residing at Ric.h1 and COMMISSION EXPIRES (la/ I rv'r2t)r•,,