Ordinance 1731ORDINANCE NO. 1731
AN ORDINANCE OF THE CITY OF EDMONDS, WASHINGTON,
LEVYING THE GENERAL TAXES FOR THE CITY OF EDMONDS
FOR THE FISCAL YEAR COMMENCING JANUARY 17 1975, 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 DEPART-
MENTS 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
1975 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 com-
mencing January 1, 1975, the sum of $808,609.68 which is
$3.60 per $1,000 of assessed valuation levied on property with
an estimated assessed valuation of $224,613,800.00 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 of 1975, there shall be and hereby is
levied current taxes of $36,353.00, which is approximately
.4707(� per $1,000.00 of assessed valuation levied on property
with an estimated assessed valuation of $77,231,102.00, 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 1975, there shall be and hereby is levied
current taxes of $43,595.00, which is approximately .1940(:P-
per $1,000.00 of assessed valuation levied on property with an
estimated assessed valuation of $224,613,800.00, 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:
ATTEST:
v�
CITY CLERK UfT
PASSED BY THE CITY COUNCIL: October 1, 1974
FILED WITH THE CITY CLERK: October 1, 1974
PUBLISHED: October 9, 1974