Ordinance 1680ORDINANCE NO. 1680
AN ORDINANCE OF THE CITY OF EDMONDS, WASHINGTON, LEVYING
THE GENERAL TAXES FOR THE CITY OF EDMONDS FOR THE FISCAL
YEAR COMMENCING JANUARY 1, 1974, 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 1974 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, 1974,
the sum of $851,120.00 which is 8 mills levied on an estimated assessed
valuation of $106,390,007.00 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 1974, there shall be and hereby is levied current taxes of
$37,313.00, which is approximately a .4937 mill property tax levy on an
assessed valuation of $75,571,375.00, 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. In addition to the above levies for the ensuing
fiscal year 1974, there shall be and hereby is levied current taxes
of $12,635.00, which is approximately a .1188 mill property tax on
an assessed valuation of $106,390,007.00, 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 non -charter code cities.
APPROVED:
MAYOR
ATTEST:
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CITY CLERK
PASSED BY THE CITY COUNCIL: October 2, 1973
FILED WITH THE CITY CLERK: October 2, 1973
PUBLISHED: October 10, 1973