Ordinance 1577-77
ORDINANCE NO. /,5
AN ORDINANCE LEVYING THE GENERAL TAXES FOR THE
CITY OF EDMONDS FOR THE FISCAL YEAR COMMENCING
JANUARY 1, 1972, 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 considered the City's anticipated financial require-
ments for 1972 and the amounts necessary and available to
be raised by ad valorem taxes on real, personal and utility
property, now, therefore,
THE CITY COUNCIL OF THE CITY OF EDMONDS, 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, 1972, the sum of $703,341.73
which is 8 mills levied on an assessed valuation of
$87,917,716.00 of all said taxable property, for the Current
Expense Fund and for the Firemen's Pension Fund as may be
necessary to maintain the actuarial soundness of said
Firemen's Pension Fund, if any.
Section 2. In addition to the above levies for the
ensuing fiscal year 1972, there shall be and hereby is
levied current taxes of $39,232.50, which is approximately
a .6158 mill property tax levy on an assessed valuation of
$63,707,309.00, the purpose of which is to retire the out-
standing 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 Station No. 2 for said City
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and the construction of the Edmonds Civic Center.
Section 3. In addition to the above levies for the
ensuing fiscal year 1972, there shall be and hereby is
levied current taxes of $45,035.00 which is approximately
a .5122 mill property tax on an assessed valuation of
$87,917,716.00, the purpose of which is to retire the out-
standing General Obligation 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 laws of the State of Washington for the collection of
taxes for noncharter code cities.
APPROVED:
vV� G
MAYOR
ATTEST:
CITY CLERK 61
PASSED BY THE CITY COUNCIL: October 5, 1971
FILED WITH THE CITY CLERK: October 5, 1971
PUBLISHED: October 13, 1971
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