Resolution 1073RESOLUTION NO. 1073
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
EDMONDS, WASHINGTON, INCREASING THE PROPERTY
TAX LEVY FOR THE CITY REGULAR PROPERTY TAX
LEVY FOR 2005 AT A RATE OF 1 % OVER THE PREVIOUS
YEAR, THIS INCREASE OF CITY REGULAR PROPERTY
TAXES OVER THE 2004 LEVY EQUATES TO A RATE
EQUAL TO 1% OR $79,981.
WHEREAS, Chapter 84.55 RCW requires cities in excess of 10,000 in
population, to authorize by resolution the increases in property tax other than that resulting from
the addition of new construction and improvements to property and any increase in the value of
state -assessed property in terms of both dollars and percentage and
WHEREAS, the City Council having held a public hearing prior to raising tax
revenues, now, therefore,
THE CITY COUNCIL OF THE CITY OF EDMONDS, WASHINGTON,
HEREBY RESOLVES AS FOLLOWS:
Section 1. The City Council hereby determines that increases in the cost of
providing city services justify a 1% increase of the 2005 levy for the City's regular property tax
levy. The increase of its regular property tax levy over 2004 equals 1 % or $79,981.
Section 2. This resolution has been enacted by a vote of the majority of the City
Council. It is the City Council's intent, by enacting this resolution, to reserve to itself the ability
to levy in this, or any future budget cycle pursuant to RCW 84.55.015 and 84.55.092, the full
levy amount permitted by law.
V AWORDATA\RESOLUTIONS\RESO 1073.DOC
RESOLVED this 9th day of November, 2004.
APPROVED:
i
M YOR PRO TEM, MICHAEL PLUNKETT
ATTEST/AUTHENTICATED:
CITY CLERK, SANDRA S. CHASE
FILED WITH THE CITY CLERK: 11/05/2004
PASSED BY THE CITY COUNCIL: 11/09/2004
RESOLUTION NO. 1073