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022-10 - Ordinance - Property Taxes to be Levied for 2011Introduced by: City Treasurer Requested by: Council Finance Committee Drafted by: City Treasurer Introduced: November 9, 2010 Adopted: November 9, 2010 ORDINANCE NO. 022-10 AN ORDINANCE OF THE CITY OF PORT ORCHARD, WASHINGTON, SETTING THE AMOUNT OF PROPERTY TAXES TO BE LEVIED FOR THE YEAR 2011, INCLUDING ADMINISTRATIVE REFUNDS WHEREAS, the City Council of the City of Port Orchard has considered its budget for the calendar year 2011; and WHEREAS, notice was given for the annual public hearing on revenue sources held on October 26, 2010 to consider the City of Port Orchard's current expense budget for the 2011 calendar year pursuant to RCW 84.55.120; and and WHEREAS, the City's actual levy amount from the previous year was 2,508,587; WHEREAS, the population of the City is greater than 10,000; and WHEREAS, the City Council, after hearing and after duly considering all relevant evidence and testimony presented, has determined that the City of Port Orchard should collect the maximum amount of property tax allowed for the year 2011, in addition to that resulting from the addition of new construction, improvements to property, any increase in the value of state -assessed property, annexations that have occurred and refunds made, in order to discharge the expected expense and obligations of the City and in its best interest; now, therefore, THE CITY COUNCIL OF THE CITY OF PORT ORCHARD, WASHINGTON, DO ORDAIN AS FOLLOWS: SECTION i. There shall be and hereby is levied on all real, personal and utility property, whose estimated assessed valuation is one billion, two hundred forty two million, three hundred and fifty five thousand, two hundred and eighty seven dollars (1,242,355,287), for the current year commencing January 1, 2011, at the approximate rate of $2.11 per thousand dollars of assessed valuation. The regular property tax levy for Ordinance No.022-10 Page 2 of 2 collection in 2011 is two million, five hundred thirty-one thousand, six hundred thirty-one dollars ($2,531,631), plus an additional dollar amount, of approximately sixty-four thousand, six hundred sixty-eight dollars ($64,668), equal to the amount allowed under new construction, improvements to property, any increase in the value of state -assessed property and annexations that have occurred, by provisions of RCW 84.55.010. The dollar amount of the increase over the actual levy amount from the previous year is twenty three thousand, forty-four dollars ($23,044), which is approximately a one percent (1%) increase from the previous year. This increase is exclusive of new construction, improvements to property, any increase in the value of state assessed property and any annexations that have occurred. SECTION 2. In addition to the above amount for regular property tax levies there will be added administrative refunds of three thousand, ninety dollars ($3,o9o), and tax abatement twenty-four dollars ($24) to be levied. SECTION R. Severability. If any section, subsection, paragraph, sentence, clause, or phrase of this ordinance is declared unconstitutional or invalid for any reason, such decision shall not affect the validity of the remaining portions of this ordinance. SECTION 4. This ordinance shall be in full force and effect five (5) days after posting and publication as required by law. A summary of this Ordinance may be published in lieu of the entire ordinance, as authorized by State Law. PASSED by the City Council of the City of Port Orchard, APPROVED by the Mayor and attested by the Clerk in authentication of such passage this 9"y of N .�yiY6 r 2010. J. Kirkpafrlck, MMC, City Clerk APPROVED AS TO FORM: Gregory A. 0 1 Ci ttorney Sponsored by: NOTICE OF CITY OF PORT ORCHARD ORDINANCE The following is a summary of an Ordinance approved by the Port Orchard City Council at their regular Council meeting held November 9, 2010. ORDINANCE NO. 022-10 AN ORDINANCE OF THE CITY OF PORT ORCHARD, WASHINGTON, SETTING THE AMOUNT OF PROPERTY TAXES TO BE LEVIED FOR THE YEAR 2011, INCLUDING ADMINISTRATIVE REFUNDS Copies of Ordinance No. 022-10 are available for review at the office of the City Clerk of the City of Port Orchard. Upon written request a statement of the full text of the Ordinance will be mailed to any interested person without charge. Thirty days after publication, copies of Ordinance No. 022-10 will be provided at a nominal charge. City of Port Orchard Patti Kirkpatrick City Clerk Publish: Port Orchard Independent November 19, 2010