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HomeMy WebLinkAboutOrdinance 4204ORDINANCE NO. 4204 AN ORDINANCE OF THE CITY OF EDMONDS, WASHINGTON, PROVIDING FOR THE ANNUAL TAX LEVY BY CONTINUING THE REGULAR PROPERTY TAX LEVY AT 100% OF THE CURRENT LEVY LIMIT, PRESERVING FUTURE LEVY CAPACITY, AND FIXING A TIME WHEN THE SAME SHALL BECOME EFFECTIVE. WHEREAS, the City Council and the City of Edmonds has met and considered its budget for the calendar year 2021; and WHEREAS, the City's actual levy for the previous year was $10,530,285 for the regular property levy, and WHEREAS, the population of this district is greater than 10,000, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EDMONDS, WASHINGTON, that an increase in the regular property tax levy is hereby authorized for the levy to be collected in the 2021 tax year. The dollar amount of the increase over the actual levy amount from the previous year shall be $0 which is a percentage increase of 0% from the previous year. This increase is exclusive of additional revenue resulting from new construction, improvements to property, newly constructed wind turbines, solar, biomass, and geothermal facilities, and any increase in the value of state assessed property, any annexations that have occurred and refunds made. This ordinance, being an exercise of a power specifically delegated to the City legislative body, is not subject to referendum, and shall take effect five days after passage and publication of an approved summary thereof consisting of the title. It is enacted on a vote of a majority plus one of the City Council. 2021 Regular Property Tax Ordinance Page I of3 APPROVED: MAYOR, MICHAEL NELSON ATTEST/ AUTHENTICATED: ~C~EY APPROVED AS TO FORM: OFFICE OF THE CITY ATTORNEY, JEFFREY TARADA Y BY CITY ATTORNEY, JEFFREY TARADA Y FILED WITH THE CITY CLERK: PASSED BY THE CITY COUNCIL: PUBLISHED: EFFECTIVE DATE: ORDINANCE NO. 2021 Regular Property Tax Ordinance November 20, 2020 November 24, 2020 November 27, 2020 December 2 , 2020 4204 Page 2 of3 SUMMARY OF ORDINANCE NO. 4204 of the City of Edmonds, Washington On the 24th day of November, 2020, the City Council of the City of Edmonds, passed Ordinance No. 4204. A summary of the content of said ordinance, consisting of the title, provides as follows: AN ORDINANCE OF THE CITY OF EDMONDS, WASHINGTON, PROVIDING FOR THE ANNUAL TAX LEVY BY CONTINUING THE REGULAR PROPERTY TAX LEVY AT 100% OF THE CURRENT LEVY LIMIT, PRESERVING FUTURE LEVY CAPACITY, AND FIXING A TIME WHEN THE SAME SHALL BECOME EFFECTIVE. The full text of this Ordinance will be mailed upon request. DATED this 24th day of November, 2020. 2021 Regular Property Tax Ordinance Page 3 of3