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Ordinance No. 0607
CITYOFMEDINAORDINANCENO607ANORDINANCECERTIFYINGTOTHEGOVERNINGAUTHORITYOFKINGCOUNTYTHEESTIMATESOFTHEAMOUNTTOBERAISEDBYTAXATIONFORTHEYEAR1996ONTHEESTIMATEDASSESSEDVALUATIONOFTHEPROPERTYINTHECITYASREQUIREDBYRCW8452020THECITYCOUNCILOFTHECITYOFMEDINAWASHINGTONDOESORDAINASFOLLOWSSECTION1AmonttoberaisedbytsxationTheamountof1250773whichamountwhenaddedtothebeginningfundbalancesandestimatedrevenuesfromallothersourceswillbalanceestimatedexpendituresduringtheyear1996isherebyfixedastheamountestimatedtobenecessarytoberaisedbygeneralpropertytaxesSECTION2L3ForthepurposeofraisingsuchamountalevyonalltaxablepropertywithintheCitybothrealandpersonaloneachandeverydollarofassessedvaluationofsuchpropertylisnecessarysaidrevenueandlevytobeallocatedasfollowsGeneralTxLevyForGeneralPUrposesTotalGeneralLevyTOTALTAXLEVY125077312507731250773SECTION3CodeReferenceAllsectionshereofshallbeconsideredoftemporaryorspecialeffectSECTION4EffectiveDateThisordinanceshalltakeeffectuponthe1stdayofJanuary1996PASSEDBYTHECITYCOUNCILONTHEllthDAYOFDecember1995ANDSIGNEDINAUTHENTICATIONOFITSPASSAGETHEllthDAYOFDec1995 ApprovedastoformEirkEWinesCityAttorneyAttestHEdvals0CitylerPassed121195FiledwithCityClerkPublishedEffectiveDate11961211952FarwoodTEdvalsontmeMeesmmmemeameN607EMIITLEKEwU4nCFAMIDEICOrd607 SDARYOFOPa3INANCENO607oftheCityofMedinaWashingtonOnDecember111995theCityCounciloftheCityofMedinaWashingtonapprovedOrdinanceNo607themainpointsofwhicharesummarizedbyitstitleasfollowsNORDINANCECERTIFYINGTOTGOVERNINGAurORITYOFKINGCOUIrYTmESTI3ATESOFTAMOUNTTOBERAISEDBYTAXATIONFORTHYFakR1996ONTHEESTIMATEDASSESSEDVALUATIONOFrPROPERTYINlamCITYREQUIREDBYRCW84B2020ThefulltextofthisordinancewillbemaileduponrequestAPPROVEDbytheCityCouncilattheirmeetingofDecember111995HarwoodTEdvalsonCityClerk3Ord607 DeparUnentofAueuments00FootthAvenuRoomT08SmWA98104238420629SlgSFAX2960SgSScottNobleCPRTIFICATIONOFASSPSSPnVAIUATIONIScottNobleKingCountyAssessorpursuanttothedutyimposeduponmebyRCW8448130certifythattheassessedvaluationofallthetaxablepropertysituatedwithintheboundariesoftheCityofMedinafortheassessmentyear1995andtaxyear1996is849805356andisrecordedassuchintheKingCountyAssessmentRollTheabovevaluationisbaseduponthevaluesestablishedandcertffiedinthe1995assessmentyearandcertifiedtotheKingCountyBoardofEqualizationonJuly141995pursuanttoRCW8440320Thisvaluationincludes10187100whichisthevalueofnewconstructionandimprovementstopropertyin1995plusanyincreaseinthevalueofstateassessedpropertyincludedinthecertificateofvaluesfromtheWashingtonStateDepartmentofRevenuereceivedNovember131995Thevaluehereincertifiedtoyouhasbeenadjustedtoexclude1445950whichisexemptfromtaxationpursuanttoRCW8436381anddoesnotincludeallchangesthatmaybeorderedbytheKingCountyBoardofEqualizationwhichisnowinsessionandwillremainsoforanundeterminedpedodoftimeDatedthis30thdayofNovember1995SctNobleKgountyAssessor TAXINGDISTRICTMEDAlafollowingdeterminationofyourregularlevylitnilfor1996propertytaxesisprovidedbytheKingCotmOLtsetsorpursuanttoRCFF8455100Highestlawfulregularlevysince1986includinglidliftsRCW84550921995levy1LessrefundfundlevyEqualslevybasisforcalculationof106limit106LIMITATIONCALCULATIONCRCW84550101165380Levybasisfor106calculationx1061235303106levy10187100010187100134759137281235303137280124903I849805356146978LocalsscwconsffuctionandimprovementstopropertyIncreaseinstateassessedpublicutilityvalue2Totalnewconstructionvalue1995regularlevyrateNewconstructionlevy106levyewconstructionlevyOmittedassessmentslevy3106levyceilingRegularlevyassessedvaluelessannexations1996levyrate0Annexationassessedvalue1469781996levyrate0Annexationlevy01249031124903117421250773Omittedessessmentslevy106levyceilingMaximum1996levybasedon106limitRefundfundlevy4Maximum1996levybasedon106limitplusrefundfundSTATUTORYLEVYCALCULATIONRCW8452043849805356Regularlevyassessedvaluex310000Maximumstatutoryrate2634397Maximum1996statutorylevy0Omittedassessmentlevy2634397Maximum1996levybasedonstatutoryratolimitALLYEARSINDICATEDABOVEARETHEYEARSINWHICHTHETAXISPAYABLEptlotyts112895238PM