Ordinance 1951ORDINANCE NO. 1951
AN ORDINANCE OF THE CITY OF EDMONDS, WASHINGTON,
AMENDING ORDINANCE NO. 1948 PASSED ON SEPTEMBER
27, 1977, TO RELEVY THE GENERAL TAXES FOR THE
CITY OF EDMONDS FOR THE FISCAL YEAR COMMENCING
JANUARY 1, 1978, ON ALL PROPERTY, BOTH REAL AND
PERSONAL, IN SAID CITY WHICH IS SUBJECT TO TAX-
ATION FOR THE PURPOSES OF PAYING SUFFICIENT
REVENUE TO CARRY ON THE SEVERAL DEPARTMENTS OF
SAID CITY FOR THE ENSUING YEAR AS REQUIRED BY
LAW, AND PROVIDING FOR COLLECTION THEREOF.
WHEREAS, at the time State Law requires the pas-
sage of an Ordinance levying the taxes for 1978 the final
figures and computations for the assessed valuation and
the permissable amount of the annual levy were not avail-
able, and
WHEREAS, Snohomish County has now made said figures
available to the City of Edmonds necessitating an amend-
ment to the earlier Ordinance levying said taxes, now,
therefore,
THE CITY COUNCIL OF THE CITY OF EDMONDS, WASHINGTON,
DO ORDAIN AS FOLLOWS:
Section 1. Section 1 of Ordinance No. 1948 is
hereby amended to read 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, 1978,
the sum of $1,047,771 which is 2.991 dollars per
$1000 of assessed valuation levied on property
with an estimated assessed valuation of approxi-
mately $350,308,042 being all of said taxable
property, for the current expense funds and for
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the Firemans' Pension Fund as may be necessary
to maintain the actuarial soundness of said
Firemans' Pension Fund, if any be needed.
Section 2. Section 2 of Ordinance No. 1948 is
hereby amended to read as follows:
Section 2. In addition to the above levies for
the ensuing fiscal year of 1978, there shall be
and is hereby levied current taxes of $35,388
which is approximately .1423 dollars per $1000
of assessed valuation levied on property with
an estimated assessed valuation of $248,636,737,
the purpose of which is to retire the outstand-
ing obligation incurred by the City for refunding
General Obligation Bonds which retired bonds that
have been issued after an affirmative vote of
the citizens in favor of the construction of the
Edmonds Civic Center.
Section 3. This Ordinance shall be certified to
the County Commissioners, as provided by law, and the
taxes here levied shall be collected and paid to the
Finance Director of the City of Edmonds at the time and
in the manner provided by the laws of the State of Wash-
ington for the collection of taxes for non chartered
code cities.
APPROVED:
MAYOR, H. H. HARRISON
ATTEST:
CITY CLERK, IRENEOVARNEY MORAN
FILED WITH THE CITY CLERK: October 10, 1977
PASSED BY THE CITY COUNCIL: October 18, 1977
PUBLISHED: October 26, 1977
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