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2633_ ORDINANCE NO.2633 AN ORDINANCE FIXING THE AMOUNT TO BE RECEIVED FOR MUNICIPAL PURPOSES FROM TAXATIONS ON ASSESSED VALUATIONS ON PROPERTY WITHIN THE CITY OF MOSES LAKE,WASHINGTON FOR 2012 THE CITY COUNCIL OF THE CITY OF MOSES LAKE,WASHINGTON DO ORDAIN AS FOLLOWS: Section 1.Preamble: A.RCW 84.52 requires the governing body oftheCity ofMosesLake tofix theestimatedamount tobe raised by taxation onassessed valuation on property within the City ofMoses Lake B.TheCity ofMoses Lake's actual levy amount from the previous yearwas $10,222,955. C. The Cityof Moses Lake has a population of more than 10,000. D.Public hearings were held,with notice duly provided, to consider the city'scurrent expense budget for the 2012 calendar year pursuant to RCW 84.55.120. E. The City Council of the Cityof Moses Lake, after hearing and duly considering all relevant evidenceand testimony presented,determine that the Cityof Moses Lake requires an increase in property tax revenue from the previous year, in addition to that resulting from the addition of new construction and improvements to property, any increase in the value of stated assessed utility property,and any increase due to the annexation of new territory, in order to discharge the expected expenses and obligations of the city. Section 2:Tax Lew:The following taxes for general municipal purposes for the City of Moses Lake for the year 2012 be and the same are hereby levied upon all taxable property within the City of Moses Lake. An increase in the regular property tax levy of $102,230,in addition to the increase resulting from the addition of new construction and improvements to property as authorized by RCW 84.55.010,and any increase in the value of stated assessed utility property, is hereby authorized forthe 2012 levyinthe amount of$15,000,000 which is a percentage increase of 1.00%from the previous year,and any increase due to the annexation of new territory and new construction. Section 3.EffectiveDate: This ordinance shall take effect and be inforce five(5) days after its passage and publication as provided by law. Adopted by the CityCouncil and signed by its Mayoron November 8, 2011. ATTEST:JorUsne,Mayor Ronald R.Cone,Finance Director APPROVED AS TO FORM: J2L L.Kenison,CityS^lforhey