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2733u o u ORDINANCE NO.2733 AN ORDINANCE FIXING THE AMOUNT TO BE RECEIVED FOR MUNICIPAL PURPOSES FROM TAXATIONS ON ASSESSEDVALUATIONS ON PROPERTYWITHIN THE CITY OF MOSES LAKE,WASHINGTON FOR 2015 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 to be raised by taxation on assessed valuation on propertywithin 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 lawto increase its tax levy by 1%over the highest levy amount ithas ever received since 1985,which for the City of Moses Lake was $10,222,955 in 2011. D.The City of Moses Lake's actual levy amount from the previous year,2014,was $6,091,996,which was reduced from the anticipated levy in 2014,because of an appeal of a taxpayer's assessment before the Grant County Board of Equalization (BOE).The BOE's decision has been appealed to the State of Washington's Board of Tax Appeals.The reduction in levy 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 2015 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 improvementsto property, any increase in the value of state assessed utilityproperty, and any increase due to the annexation ofnewterritory and refunds made,in orderto 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 2015 be and the same are hereby levied upon alltaxable property within the City of Moses Lake.An increase in the regular property tax levy of $4,335,419,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 state assessed utility property, is hereby authorized for the 2015 levy in the amount of$15,000,000 which is a percentage increase of 71.1658682%from the previous year,and any increase due to the annexation of new territory, ORDINANCE NO.2733 PAGE 2 November 11,2014 new construction,and refunds made.Included in the levy increase is a 1%percentage increase 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 11,2014. ATTEST:/0 Dick Deane,Mayor '< W.Rol/ert Taylor^Fihance Director APPROVED AS TO FORM: "Katharine L.Kenison,Gily-Attorney " ~