Ordinance 1614ORDINANCE NO."�
AN ORDINANCE OF THE CITY OF EDMONDS, WASHINGTON, LEVYING
THE GENERAL TAXES FOR THE CITY OF EDMONDS FOR THE FISCAL
YEAR COMMENCING JANUARY 1, 1973, 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 requirements for
1973 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,
1973, the sum of $827,958.00 which is 8 mills levied on an assessed
valuation of $103,49.4,756.00 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 1973, there shall be and hereby is levied current
taxes of $38,272.50, which is approximately a .5064 mill property
tax levy tax levy on an assessed valuation of $75,5.71,3.75.00, 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 Station No. 2 for said City
and the construction of the Edmonds Civic Center.
Sectiori 3. In addition to the above levies for the ensuing
fiscal year 1973, there shall be and hereby is levied current
taxes of $43,835.00, which is approximately a .4235 mill property
tax on an assessed valuation of $1031494,756.00, the purpose of
which is to retire the outstanding 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 by the
laws of the State of Washington for the collection of taxes for
noncharter code cities.
APPROVED:
j
MAYOR
ATTEST: 4
CITY CLERK
PASSED BY THE CITY COUNCIL October 3,.1972
FILED WITH THE CITY CLERK: October 3,.1972
PUBLISHED: October 11, 1972