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2829ORDINANCE NO.2829 AN ORDINANCE PROVIDING FOR SUBSTANTIAL NEED TO INCREASE THE REGULAR PROPERTY TAX LIMIT FACTOR ABOVE THE RATE OF INFLATION PURSUANT TO RCW 84.55.010 THE CITYCOUNCIL OF THE CITYOF MOSES LAKE,WASHINGTON ORDAINS AS FOLLOWS: Recitals: 1.The City Council ofthe City ofMoses Lake,Washington,has determinedthatthe level ofservice, public safety,and providing for government project,the City Council finds thatthere isa need to increase the regular property tax limit factor above the rate of inflation. NOW THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF MOSES LAKE AS FOLLOWS: Section 1.That the limit factor for the tax year 2017 shall be one percent (1%),which is a .047%increase above the rate of inflation. Section 2. This ordinance shall take effect and be inforce 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 8,2016. ATTEST: APPROVED AS TO FORM: r Katherine