HomeMy WebLinkAboutResolution No. 37301-mmalwam
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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 WITHIN THE CITY FOR THE YEAR 2016
TTAEREAS, 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 10, 2014 to consider revenue sources for the City's current expense budge'j
for the 2015 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 $2,623,149, 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 imiprovements 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
2015 levy in the amount of $22,405, which is a percentage increase of .88% 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.
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Attest:
Aimee Kellerman. City Clerk