HomeMy WebLinkAboutResolution No. 365V:
A RESOLUTION OF THE CITY OF MEDINA CERTIFYING TO THE
GOVERNING AUTHORITY OF KING COUNTY THE ESTIMATES OF THE
AMOUNT TO BE LEVIED ON THE ASSESSED VALUATION OF THE
PROPERTY WHITHIN THE CITY FOR THE YEAR 2014
WHEREAS, the City Council of the City of Medina attest that the
population of the City is less than ten thousand, and
WHEREAS, the City Council has properly given notice of the public
hearing held November 12, 201�2 to consider the City's current expense budget
for the 2014 calendar year, pursuant to RCW 84.55.120', and
WHEREAS, the City Council, after hearing, and after duly considering all
relevant evidence and testimony presented, has determined that the City of
Medina requires a regular levy in the amount of $2,547,429, which includes a 1 %
increase in property tax revenue from the previous year, as well as amounts
resulting from the addition of new construction and improvements to property,
and any possible increase in the value of state -assessed property, and amounts
authorized by law as a result of any annexations that have occurred and refunds
made, in order to discharge the expected expenses and obligations of the City
and in its best interest;
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of
Medina that an increase in the regular property tax levy is hereby authorized for
the 2014 levy in the amount of $21,428 which is a percentage increase of .87%
from the previous year. This increase is exclusive of additional revenue resulting
from the addition of new construction and improvements to property and any
increase in the value of state assessed property, and any additional amounts
resulting from any annexations that have occurred and refunds made.
1wilu M- ha • M
Approved as to fo
I
Michael Luis, Mayor
Aimee Kellerman, City Clerk