Resolution 966RESOLUTION NO. 966
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
EDMONDS, WASHINGTON, FINDING THE EXISTENCE OF
SUBSTANTIAL NEEDS AND JUSTIFYING THE RECAPTURE
OF THE MAXIMUM LAWFUL PROPERTY TAX LEVY FOR
THE CITY AT A RATE OF 4.22 %. THIS INCREASE OF CITY
REGULAR PROPERTY TAXES OVER THE 1999 LEVY
EQUATES TO A RATE EQUAL TO 11.9% OR $748,392. A
LEVY OF $.4738 PER $1,000 OF ASSESSED VALUATION
FOR EMERGENCY MEDICAL SERVICES AT A RATE
EQUAL TO 106% OR $71,660 IS ALSO DETERMINED.
WHEREAS, Chapter 84.55 RCW requires cities in excess of 10,000 in
population, following public hearing and by separate resolution to find and determine the
existence of an emergent need in order to justify tax increases of up to 106% and in excess of the
rate of inflation, and
WHEREAS, the City Council enters these findings following public hearing prior
to raising tax rates, now, therefore,
THE CITY COUNCIL OF THE CITY OF EDMONDS, WASHINGTON,
HEREBY RESOLVES AS FOLLOWS:
Section 1. The City Council hereby determines in accordance with the
requirements of Chapter 84.55 RCW that unmet substantial needs exist which justify the
recapture of the maximum lawful levy for the City at a rate of 4.22 %. This increase of its regular
property tax levy over 1999 equals 11.9% or $748,392 and a levy of $.4738 per $1,000 of
assessed valuation for Emergency Medical Services in total equating to an increase of 106% over
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1999 or $71,660, based on the following emergent and/or unanticipated needs for budget year
2000:
The City will lose approximately $1.4 million in anticipated
revenues due to I -695 and the loss of motor vehicle excise tax and
sales tax equalization funds.
Section 2. This resolution has been enacted by a vote of the majority plus one 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 under Referendum 47.
RESOLVED this 30th day of November, 1999.
APPROVED:
MAYOR, BARBARA S. FAHEY
ATTEST /AUTHENTICATED:
"Je 2-4.
CITY CLERK, SANDRA S. CHASE
FILED WITH THE CITY CLERK: 11/24/99
PASSED BY THE CITY COUNCIL: 11/30/99
RESOLUTION NO. 966
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