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HomeMy WebLinkAbout5129 ORDINANCE NO. AN ORDINANCE of the City Council of the City of Bremerton, Washington, establishing the amount to be collected in 2011 by taxation on the assessed valuation of taxable property within the City limits of Bremerton and setting the property levy rate. WHEREAS, the City Council attest that the population of the City of Bremerton for 2011 is 36,190; and WHEREAS, the City Council has properly given notice of the public hearing held on November 17, 2010, to consider the City's revenue sources for the City's General Fund budget; and WHEREAS, the city's actual levy amount from the previous year, including any refunds and abatements levied was $6,269,823; and WHEREAS, the city's actual EMS levy amount from the previous year, including any refunds and abatements levied was $1,449,742; and WHEREAS, the City Council, after hearing and duly considering all relevant evidence and testimony presented, has determined that the City of Bremerton requires a regular levy and EMS levy in the maximum amounts allowable, which includes an increase in property tax revenue from the previous year, and amounts resulting from the addition of new construction and improvements to property and any increase in the value of state - assessed property and all allowable levies, and amounts authorized by law as a result of any annexations that have occurred and refunds made, in order to discharge the expected expenses and obligations of the City and in its best interest; NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF BREMERTON, WASHINGTON, DOES HEREBY ORDAIN AS FOLLOWS: SECTION 1. That an increase in the regular property tax levy is hereby authorized for the 2011 levy in the amount of $62,522, which is a percentage increase of one percent (1.0 %) from the previous year's actual levy exclusive of refunds collected in 2010. This increase is exclusive of additional revenue resulting from the addition of new construction and improvements to property and any increase in the value of state assessed property, and any additional amounts resulting from any annexations that have occurred and abatements and refunds made. SECTION 2. That an increase in the EMS property tax levy is hereby authorized for the 2011 levy in the amount of $15,424, which is a percentage increase of one percent (1.0 %) from the previous year's actual levy exclusive of refunds collected in 2010 and will be subject to levy rate limitations resulting from decreases in assessed valuation. This increase is exclusive of additional revenue resulting from the addition of new construction and 1 2010 Property Tax improvements to property and any increase in the value of state assessed property, and any additional amounts resulting from any annexations that have occurred and abatements and refunds made. SECTION 3. That a property tax levy for debt redemption of the 2002 Public Safety UTGO Bonds, as previously authorized by the voters, is hereby authorized to levy property taxes to be collected in 2011 at a rate sufficient to provide $330,900 needed to meet debt service obligations in 2011. SECTION 4. That a property tax levy for debt redemption of the 2010 Public Safety UTGO Refunding Bonds, as previously authorized by the voters, is hereby authorized to levy property taxes to be collected in 2011 at a rate sufficient to provide $475,851 needed to meet debt service obligations in 2011. SECTION S. Severability. If any one or more sections, subsections, or sentences of this Ordinance are held to be unconstitutional or invalid, such decision shall not affect the validity of the remaining portion of this Ordinance and the same shall remain in full force and effect. SECTION 6. Effective Date. This ordinance shall take effect and be in force ten (10) days from and after its passage, approval and publication as provided by law. PASSED by the City Council the ! day of ' be.Y , 2010 K WOF , Council President Approved this �zY� day of 010 2�4 / PATTY IgT, Mayor ATTEST: APPROVED AS TO FORM: CARD ETGEN, C' Clerk S iRGER A. LUBOVICH, City Attorne PUBLISHED the C&/— `� day of Ov {'12 12010 EFFECTIVE the � day of , 2010 ORDINANCE NO. r 2 2010 PropertyTax