Ordinance 1498ORDINANCE NO. yj �:4 2
AN ORDINANCE LEVYING THE GENERAL TAXES FOR THE
CITY OF EDMONDS FOR THE FISCAL YEAR COMMENCING
JANUARY lx 1971, ON ALL PROPERTY, BOTH REAL AND
PERSONAL, IN SAID CITY, SUBJECT TO TAXATION FOR
THE PURPOSE OF PAYING SUFFICIENT REVENUE TO
CARRY ON THE SEVERAL DEPARTMENTS OF SAID CITY
FOR THE ENSUING YEAR AS REQUIRED BY LAW,,, AND
PROVIDING FOR THE COLLECTION THEREOF.
WHEREAS, the City Council of the City of Edmonds
having ascertained the amounts necessary and available to
be raised by taxation of real, personal and utility prop-
erty, now, therefore,
THE CITY COUNCIL OF THE CITY OF EDMONDSz WASHINGTON
DO ORDAIN AS FOLLOWS:
Section 1. There shall be and hereby is levied on
all real, personal and utility property in the City of
Edmonds, subject to taxation, current taxes for the ensuing
year commencing January 1, 1971, the sum of $700,548.69,.
which is 8 mills levied on an assessed valuation of $87,568,,586.00
of all said taxable property, for the Current Expense Fund
and for the Firemanas Pension Fund as may be necessary to
maintain the actuarial soundness of said Fireman's Pension
Fund, if any.
Section 2. In addition to the above levies for the
ensuing fiscal year 1971, there shall be and hereby is levied
current taxes of $40,192.50, which is approximately an .6304
mill property tax levy on an assessed valuation of $63,756,203.00,
the purpose of which is to retire the outstanding obligation
incurred by the City for Refunding General Obligation Bonds
which retired bonds that had been issued after an affirmative
vote of the citizens in favor of the construction of Fire
/�P
Station No. 2 for said City and the construction of the
Edmonds Civic Center.
Section 3. In addition to the above levies for the
ensuing fiscal year 1971, there shall be and hereby is
levied current taxes of $46,235.00, which is approximately a
.5279 mill property tax on an assessed valuation of $87,568,586.00,
the purpose of which is to retire the outstanding General Obli-
gation Bonds incurred by the City after an affirmative vote of
the citizens in favor of the acquisition of public parks.
Section 4. This Ordinance shall be certified to the
proper County Officials, as provided by law, and the taxes
here levied shall be collected and paid to the City Treasurer
of the City of Edmonds, at the time and in the manner provided
the the laws of the State of Washington for the collection of
taxes for third class cities.
APPROVED:
Z li
e.
ATTEST:
CITY CLERK
PASSED BY THE CITY COUNCIL: October 6, 1970
FILED WITH THE CITY CLERK: October 6, 1970
PUBLISHED: October 14, 1970
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