Resolution 1050RESOLUTION NO. 1050
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 2004 AT A RATE OF 1% OVER THE PREVIOUS
YEAR. THIS INCREASE OF THE CITY REGULAR
PROPERTY TAXES OVER THE 2003 LEVY EQUATES TO A
RATE EQUAL TO 1% OR $78,199.
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 2003 levy for the City's regular property tax
levy. The increase of its regular property tax levy over 2003 equals 1% or $78,199.
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.
{ W S S 4167 64. DOC;1 /00006.900000/}
RESOLVED this 25th day of November, 2003.
ATTEST/AUTHENTICATED:
CITY CLERK, SANDRA S. CHASE
FILED WITH THE CITY CLERK:
PASSED BY THE CITY COUNCIL:
RESOLUTION NO. 1050
APPROVED:
444,-,��
MA OR,t)kY HAAKENSON
11/21/2003
11/25/2003
(WSS416764.DOC;1 /00006.900000/)