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Ordinance 1330ORDINANCE NO. /�� AN ORDINANCE LEVYING THE GENERAL TAXES FOR THE CITY OF EDMONDS FOR THE FISCAL YEAR COMMENCING JANUARY 1.3, 1968, ON ALL PROPERTY9 BOTH REAL AND PERSONALO IN SAID CITY1, SUBJECT TO TAXATION FOR THE PURPOSE OF RAISING 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 heretofore adopted by Ordinance the final budget for the fis- cal year 1968, and having further ascertained the amounts necessary to be raised by taxation, which amounts do not exceed the amount necessary to be raised by taxation as specified in the preliminary budget of said city, now., therefore, THE CITY COUNCIL OF THE CITY OF EDMONDS DO ORDAIN AS FOLLOWS: Section to That there shall be and hereby is levied on all real and personal property in the City of Edmonds, subject to taxation, current taxes for the ensuing year commencing January 1, 1968, the sum of $273,791.73 for the Current Expense Fund (which is approximately 12 mills including that provided by RCW 41.16.060 on an assessed valuation of $27,908,336.00) and the sum of $91,723.41 for the Street Department (which is approximately 4 mills on an assessed valuation of $27,908,336.00) . Section 2. That in addition to the above levies for the ensuing fiscal year 1968, there shall be and hereby is levied current taxes of $37,917.50 which is approximately a 1.88655 mill property tax on an assessed valuation of $20,098,739.00) 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. Section 3. That in addition to the above levies for the ensuing fi.§cal year 1967, there shall be and hereby is levied current taxes of $44,975.20 (which is approximately a 1.61155 mill property tax on an assessed valuation of $27,908,336.00) the purpose of which is to retire the outstanding obligation incurred by the City after an affirmative vote of the citizens in favor of the acquisition of Public parks. Section 4. That 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 third class cities. APPROVED: ON MAXWELLO MAYOR ATTEST: CITY CLERK PASSED BY THE CITY COUNCIL: October 3, 1967 FILED WITH THE CITY CLERK: October 3, 1967 PUBLISHED: October 11, 1967 -2-