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Ordinance 3849AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF EDMONDS, WASHINGTON, RELATING TO REGULAR PROPER TAXES, PROVIDING FOR THE SUBMISSION TO THE QUALIFIED ELECTORS OF THE CITY AT THE NOVEMBER 8, 2011 GENERAL ELECTION OF A PROPOSITION AUTHORIZING AN INCREASE IN"THE _REGULAR PROPERTY TAX LEVY IN EXCESS OF THE INCREASE OTHERWISE ALLOWED BY CHAPTER 84.55,RCW .TO FUND STREET PAVEMENT OVERLAYS; SETTING FORTH THE BALLOT TITLE THEREFORE; REQUESTING THAT THE SNOHOMISH COUNTY AUDITOR PLACE THE PROPOSITION ON THE NOVEBER 8, 2011 BALLOT; AND FIXING THE TIME WHEN THE SAME SHALL BECOME EFFECTIVE. WHEREAS, RCW 84.55.050 provides for the levy of regular property taxes in an amount exceeding the limitations specified in chapter 84.55 RCW if such increased levy is authorized by a ballot proposition approved by a majority of the voters at an election held within the taxing district (a "levy lid lift"); and WHEREAS, the City Council has determined that it is in the best interest of the City and its residents to submit a levy lid lift proposition under RCW 84.55.050(1) to the voters for their approval or rejection; and WHEREAS, according to the Snohomish County Assessor's Annual Report for 2011 Taxes, the City of Edmonds regular property tax levy for 2011 amounted to $9,499,558.01; and WHEREAS, the City of Edmonds 2011 regular property tax levy rate per $1,000 of assessed; valuation was-1.47663233; and WHEREAS, the City of Edmonds also has an additional EMS levy rate that is fixed at 0.5 per $1,000 of assessed valuation; and WHEREAS, the City of Edmonds also has an additional 2011 levy rate 0.14572144 per $1,000 of assessed valuation for G.O. bonds related to public safety; and WHERE AS, in 2011 these three rates combined to create a total City of Edmonds levy rate of 2.12235377 per $1,000 of assessed valuation; and WHEREAS, the City of Edmonds assessed -,Taluation for 2011 was $6 433,258,853 and WHEREAS, the Snohomish County Assessor's Office estimates that the City's 2012 assessed value will be approximately $5,794,962,200; and WHEREAS, the City of Edmonds can increase its regular property tax levy by 1% each year without voter approval; and WHEREAS, in 2012 the City of Edmonds could levy regular property taxes (which do not include the EMS levy and the GO bond levy) of approximately $9,594,553.59 without voter approval and without including any increased revenue associated with.ne construction, and WHEREAS, without any additional voter authorization, the City of Edmonds regular property tax levy rate for 2012 would be approximately 1.655671471 per $1,000 in assessed valuation; and WHEREAS, the City Council has determined to ask the voters whether they are willing to fund an additional One Million Dollars ($1,000,000.00) to fund street pavement overlays through a levy lid lift for each of the years2012, 2013, and 2014; now therefore; THE CITY COUNCIL OF THE CITY OF EDMONDS, WASHINGTON, DO ORDAIN AS FOLLOWS: Section 1. Levy Lid Lift Election Called For. Pursuant to RCW 84.55,050, the Edmonds City Council hereby calls for submission of a proposition to the qualified electors of the City asking whether the City shall leery regular property taxes in excess of the limitation establishedin, RCW 84.55.010. The Snohomish County Auditor, as ex offuio supervisor of elections in Snohomish County, is hereby requested to call and conduct the electionreferencedherein in the City of Edmonds on November 8, 2011. The proposition to be submitted to the qualified voters of the City for their approval or rejection is to authorize increasing the City's regular property tax levy by 0.17256368 per $1,000 of assessed valuation, to a total regular (not including EMS or GO bond) property tax leery rate of 1.82823515'per one thousand dollars of assessed valuation (if only this proposition passes), for collection beginning in 2012. If this proposition is approved, the City Council will be authorized to adopt, in accordance with its regular budget process, an increased regular property tax as described herein. Section 2 Purpose of Levy and Description of Ballot Proposition. For the purposes identified below, the City Council seeks voter approval under RCW 84.55.050 for a levy lid lift, as follows: (a) Pur ose. The amounts collected pursuant to the increase authorized by the Proposition may be used to fund street pavement overlays. (b) Increase Authorized Beginning m" 2012. The Proposition authorizes a maximum increase in the City's total levy rate to the maximum rate otherwise allowed for collection in 2012 under chapter 84.55 RCW plus not to exceed 0.17256368 per '$1,000'of assessed value. The total regular property tax rate produced is estimated to be approximately 1.82823515 per $1 000 of assessed value (if only this proposition passes), based on estimated 2012 assessed values. (c) Increase Authorized for Future Yearsthrough 2014. Pursuant to RCW 84.55.050(4), the dollar amount of the maximum authorized levy under chapter 84.55 RCW for collection in 2012 shall be used for the purpose of computing the limitations for subsequent levies in 2013 and 2014 provided for under chapter 84.55 RCW; and such funds shall be limited to the purposes described in Section 2(a), above. Section 3. Ballot Proposition. The City Clerk is here by authorized and directed, not later than August 16, 2011, to certify a copy of this ordinance and a proposition to the Auditor of Snohomish County, as ex offuio Supervisor of Elections in Snohomish County Washington, in substantially the following form: The Edmonds City • passed Ordinance NO.to place before authorizevoters property taxes to fund street pavement overlays. This proposition would `+ property •r collection in 2012of 1 per 000 of assessed valuation,for . total regular property tax rate (if only proposition r of i per „i 1i1 of . valuation. Use of the additional O�17256368 per $1,000 of assessed valuation would fund street pavement overlays; The 2012 levy amount would become the basis upon which levy increases would be computed for 2013 and 2014� Should this proposition be approved? YES NO Section 4. Changes. The Mayor and City Attorney are authorized to make such minor adjustments to the wording of such proposition as may be recommended by the Snohomish County Auditor, as long as the intent of the proposition remains clear and consistent with the intent ofthis Ordinance as approved by the City Council. Section 5. Notices Relating to Ballot Proposition. For purposes of receiving notice of the exact language of the ballot propositiorequired by RCW 29A.36.080, the City Council herebydesignates the City Clerk. Section 6. Severa ility.' e recitals stated above (i.e., the "Whereas" clauses) constitute specific findings by the City Council in support of passage of this ordinance. If any provision of this ordinance is declared by any court of competent jurisdiction to be invalid, then such provision shall be null and void and shall be separable from the remaining provisions of this ordinance, and shall in no way affect the validity of the other provisions of this ordinance or of any other ordinance or resolution, or of the levy or collection of the taxes authorized herein. Section 7.-Effective Date. This ordinance shall take effect and be in force five days after publication as provided bylaw. PASSED the C it)v C ounci rail APPROWD by tlw Mayon of the City of . di -ponds at; a regular open public meeting thereof this 2nd day of August, 2011 CITY OF EDMONDS m7votmkc Cooper Y APPROVED ASTO FORM Csity= tt��rs�� 4 44-6466.8177, v✓ I FILED WITH THE CITY CLERK 7-29-2011 PASSED BYTHE CI`l Y CC: UN IL - 2-2011 ICU BLI IT D 0-07-2011 On the 2" day of August, 2011, the City Council of the City of Edmonds, passed Ordinance No. 3849. A summary of the content of said ordinance, consisting of the title, provides as follows: AN ORDINANCE OF THE CITY COUNCILOF THE CITY OF EDMONDS, WASHINGTON, RELATING TO REGULAR PROPERTYPROVIDING • SUBMISSION TO THE QUALIFIED ELECTORS OF THE CITY AT THE NOVEMBER 8, 2011 GENERAL ELECTION OF A PROPOSITIONAUTHORIZING REGULARTHE r i, ►IN EXCESS OF THE INCREASEOTHERWISE ALLOWED BY CHAPTER 455 RCW TO FUND STREET PAVEMENT OVERLAYS; SETTING FORTH THE BALLOTi"REQUESTING SNOHOMISH COUNTY AUDITOR'• • •, ON THE NOVEMBER 2011 :' •BECOME The full text of Ordinance will be m erupon rcqucst� 'CITY CLERK, SANDRA S. CHASE MM :• r • f ' • �' i • f • Without voter approval, the City of Edmonds can increase the amount of regular property taxes it collects by only 1% (approximately) each year. This limit is called the "levy lid." Under this limit, in 2012, Edmonds can collect regular property taxes at:a rate ofapproximately $1.66 per $1,000 of assessed valuation without voter approval. With voter approval, this proposition would authorize the City of Edmonds to collect approximately $1000,000 over the levy lid for each of three years (2012- 2014). This additional revenue would be used to fund street pavement overlays. If only this proposition passes (Propositions 1 and would increase the levy lid for other purposes), the City of Edmonds will be allowed to increase the regular property tax rate in 2012 by approximately 17 cents per $1,000 of assessed valuation. For example, this proposition would increase the regular property tax bill on a $375,000 home by approximately $65 in 2012. For regular property taxes collected after 2014, the maximum tax levy would be determined as if this proposition had not been approved. STATE OF WASHINGTON, I COUNTY F SNOHOMISH d SUMMARY AR t" OF ORf`iNAA Q.-aW M The undersid ed, being first duly sworn on oath deposes and says that she is Principal Clerk of THE HERALD, a daily newspaper printed and published in the City of Everett, County of Snohomish, and State of Washington; that said newspaper is a newspaper of general circulation in said County and State; that said newspaper has been approved as a legal newspaper by order of the Superior Courtof Snohomish County and that the notice Summary of Ordinance no. �a a. 9�'Hlf�9it1i �t� lu`�GI�'A:� 11+8 i31 �f�Urtt t 1. e 4P9 I t3 63 f I Ae tl a V d �t l F E 7 a printed copy of which is hereunto attached„ was published in said newspaper proper and not in i f=efNr caw; sTtatsf t iiTl tE q po # tl - tli l"HAI" supplement form, in the regular and entire edition of said paper on the following days and Plirda4it13LII f1 yt1C}iTJp tl S tt #�BtF C3• F " fC ti tii i4 2di & t%LZ 1 Q �8V®P[MIPl snamely: times, S If S#TWA AI tfA I EP11 MI. raf Ib ettdla tir. r 4 ta. t9 aaV."-qu�ste 13rd day isf A ut e. 2.01 i, August 07 201 g r i q fit„ ,AfdGfftp S. CHASE Atugust io 20 9 t, and that said newspaper was regularly distributed to its subscribers during all of said period. principal Cie Subscribed and sworn to before me this 8th F t, day cif ...:: fegag tatfi"2 r" r., Notary TF�IIrltr .tll .gsf for #its Sis t (at is"asi' COUnty Account Name: City of Edmonds :. Accwjnt Num1dLr 101416 Order Number 000174V61 4(Evercu, Snohomish