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2693i j ORDINANCE NO.2693 AN ORDINANCE FIXING THE AMOUNT TO BE RECEIVED FOR MUNICIPAL PURPOSES FROMTAXATIONS ON ASSESSEDVALUATIONS ON PROPERTY WITHIN THE CITY OF MOSES LAKE,WASHINGTON FOR 2014 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 of the City of Moses Lake to fix the estimated amount tobe raised bytaxation onassessed valuation on property within the City of Moses Lake B.The City of Moses Lake's highest actual levy amount occurred in 2011 and was $10,222,955. C. The City is allowed by law to increaseitstaxlevyby 1%overthe highestlevyamount ithas ever received since 1985,which for the Cityof Moses Lake was $10,222,955 in 2011. KJ ^J D.The City of Moses Lake's actual levy amount from the previous year,2013, was $6,813,394, which was reduced from the anticipated levy in 2013,because of a pendingappealof ataxpayers assessment beforethe State ofWashington's Board of Tax Appeals. The reduction inlevy amount will probably remain in place until a resolution of the appeal. E.The City of Moses Lake has a population of more than 10,000. F.Public hearings were held, with notice duly provided, to consider the city's current expense budget for the 2014 calendar year pursuant to RCW 84.55.120. G.The City Council of the City of Moses Lake,after hearing and duly considering all relevant evidence and testimony presented,determine that the City of 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 state assessed utilityproperty, and any increase due to the annexation of newterritoryand refunds made,inorder to discharge the expected expenses and obligations ofthe city. Section 2: Tax Lew: The following taxes forgeneral municipal purposes forthe Cityof Moses Lake for the year 2014 be andthe same are hereby leviedupon all taxable property within the City of Moses Lake. An increase in the regular property tax levy of $3,511,790,in addition to the increase resulting from the addition of new construction and improvements to property as authorized by RCW 84.55.010,andany increaseinthe valueof state assessed utility property,is hereby authorized for the 2014levyin the amountof $15,000,000which isa percentageincrease of 51.5424471%from the previous year,andany increasedue to the annexation of new territory, new construction,and refunds made.Included inthe levy increase is a 1% percentage increase ORDINANCE NO.2693 PAGE 2 November 12,2013 in the highest levy amount the City has received since 1985 which was $10,222,955 in 2011,in the dollar amount of $102,230. Section 3.This ordinance shall take effect and be in force five (5)days after its passage and publication of its summary as provided by law. Adopted by the City Council and signed by its Mayor on November 12,2013. ATTEST: Robert Taylor,/Ffpance Director APPROVED AS TO FORM: Katherine L.Kenison,City Attorney