2101_00001ORDINANCE NO.2101
AN ORDINANCE FlXING THE AMOUNT TO BE RECEIVED FOR MUNICIPALPURPOSESFROMTAXATIONSONASSESSEDVALUATIONSONPROPERTYWITHINTHECITYOFMOSESLAKE,WASHINGTON FOR 2003
THE CITYCOUNCIL OF THE CITY OF MOSES LAKE,WASHINGTON DO ORDAINAS FOLLOWS:
Section 1.Preamble:
O A.RCW 84.52 requires thegoverning body ofthe CityofMoses Lake tofixtheestimated amounttoberaisedbytaxationonassessedvaluationonpropertywithintheCityofMosesLake
B.The City of Moses Lake has a population of more than 10,000.
C.Public hearings were held,with notice duly provided,to consider thecity'scurrent expensebudgetforthe2001calendaryearpursuanttoRCW84.55.120.
D.The City Council of the City of Moses Lake,after hearing and duly consideringall relevantevidenceandtestimonypresented,determine thattheCityofMoses Lake requiresan increaseinpropertytaxrevenuefromthepreviousyear,in additiontothatresulting from theadditionofnewconstructionandimprovementstoproperty,any increase in the value of statedassessedutilityproperty,and any increase due tothe annexation of new territory,in order todischargetheexpectedexpensesandobligationsofthecity.
Section 2:Tax Levy:The followingtaxesfor general municipalpurposes for theCityof Moses Lake for theyear2003beandthesameareherebylevieduponallta×ablepropertywithintheCityofMosesLake.Anincreaseintheregularpropertytaxlevyof$23,833,inaddition totheincrease resulting from theadditionof
new construction and improvements toproperty as authorizedby RCW 84.55.010,and any increase in thevalueofstatedassessedutilityproperty,is hereby authorized for the 2003 levy inthe amountof $2,501,919whichisapercentageincreaseof1.00%from the previous year,and any increase due to theannexationofnewterritoryandnewconstruction.
Section 3.Effective Date:This ordinanceshalltakeeffect and be in force five (5)days afterits passage andpublicationasprovidedbylaw.
Adopted by theCity Council and signed by its Mayor on November 12,2002.
Finance Director
APP VED AS T FOR
ityAttorne
O