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022-06 - Ordinance - Property Taxes to be Levied for 2007AN ORDINANCE OF THE CITY OF PORT ORCHARD, WASHINGTON SETTING THE AMOUNT OF PROPERTY TAXES TO BE LEVIED FOR THE YEAR 2007, INCLUDING COURT ORDERED AND ADMINISTRATIVE REFUNDS WHEREAS, the City of Port Orchard, with a population under ten thousand (10,000), retains the ability to raise property taxes up to one percent (1%) per year plus all or a portion of property tax levy capacity that has been banked for future use pursuant to RCW 84.55.092; and WHEREAS, notice was given for the annual public hearing on revenue sources held on October 23, 2006 to consider the City of Port Orchard's current expense and street budget for the 2007 calendar year pursuant to RCW 84.55.120; 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 2007, in addition to that resulting from the addition of new construction and improvements to property and any increase in the value of state -assessed property, and it should also use its banked levy capacity, in order to discharge the expected expenses and obligations of the City and in its best interest; now, therefore, COUNCILTHE CITY OF OF PORT ORCHARD, WASHINGTON Di ORDAIN AS F SECTION 1. There shall be and hereby is levied on all real, personal and utility property, whose estimated assessed valuation is seven hundred fourteen million, one hundred fifty-four thousand three hundred sixty-eight dollars ($714,154,368) current taxes for the year commencing January 1, 2007 at the approximate rate of $2.11 per thousand dollars of assessed valuation. The regular property tax levy for collection in 2007 is approximately one million four hundred sixty-eight thousand three hundred forty-seven dollars ($1,468,347), plus an additional dollar amount, of approximately twenty-eight thousand eight hundred thirty-one dollars ($28,831), equal to the amount allowed under the new construction, improvements to property and any increase in the value of state -assessed property, by provisions of RCW 84.55.010. This is a seventeen point five two one percent (17.521%) increase, plus new construction, of approximately two hundred eighteen thousand nine hundred thirteen dollars ($218,913) over the collection in 2006 which was at a levy rate of $2.127371 in an amount of one million two hundred fifty-seven thousand twenty-two dollars ($1,249,434). SECTION 2. In addition to the above amount for regular property tax levies there will be added the following refunds: a court ordered mandatory refund of eight thousand six hundred thirty dollars ($8,630) and administrative refunds of two thousand four hundred ninety-three dollars ($2,493). This is a total of eleven thousand one hundred twenty-three dollars ($11,123) in refunds to be levied. Ordinance No. 022-06 Page 2of2 SECTION 3. 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 City Clerk in authentication of such passage this 13t" day of November 2006. ATTEST: Michelle Merlino, Interim City Clerk APPROVED AS TO FORM: ity"hey CERTIFICATION: )Ku f /fLj KIM E. ABEL, MAYOR SPONSORED BY: ohn Clauson, Councilman I, Michelle Merlino, Interim City Clerk for the City of Port Orchard, does hereby certify that Ordinance No. 022-06 is a true and accurate copy, which was approved unanimously by the ?art Orchard City Council at their regular zmeet,ng held Noyembe;r 13, 2006 and scheduled for publication in the Port Orchard Independent on November 18, 2006. Signed this 15th day of November, 2006. I�ch.elle �1erli,np,I;nt�r,ix� C`�tylClex City Clerk CITY HALL i 216 Prospect Street, Port Orchard, WA 98366 (360) 876-4407 • FAX (360) 895-9029 Port Orchard IN In accordance with RCW 84.52.020, I, Michelle Merlino, Interim City Clerk for the City of Port Orchard, do hereby certify to the Kitsap County legislative authority that the City Council of said City requests that the following levy amounts be collected in 2007 as provided in the City of Port Orchard's budget. The City's ordinance #022-06 setting the levy was passed on November 13, 2006 after the public hearing on revenue sources was held on October 23, 2006. Estimated Regular Levy: $1,497,178.00 In addition to the above amount for Regular Levies add the following refunds Court Ordered Refunds: Administrative Refunds $8,630.00 (Mandatory) E. • 1 ! Signature -III," Date: J/ zz.,S�Z, (.,