HomeMy WebLinkAboutResolution No. 405CITY OF MEDINA, WASHINGTON
RESOLUTION NO. 405
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MEDINA, WASHINGTON
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 2020
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, 2019 to consider revenue sources for the City's current expense budget
for the 2019 calendar year, pursuant to RCW 84.55.120; and
WHEREAS, the City Council passed Ordinance 970 on March 11, 2019 providing
for the submissions of a proposition to qualifying voters of the City of Medina at the
November 2019 general election for ratification or rejection; such proposition providing
authority to lift the levy limit established in RCW 84.55.010; and
WHEREAS, the voters approved Proposition 1, to increase Medina's regular
property tax levy above the limit factor by $0.20/$1000 assessed value to a maximum
rate of $0.83712/$1000 assessed valuation for collection in 2020, set a 5% limit factor
for each year 2021-2025, use the 2025 levy amount as the base to compute
subsequent levy limits, and exempt low income seniors and disabled; as set forth in
Ordinance No. 970; 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 $3,846,583 which includes a 1% increase in property tax
revenue from the previous year and additional amounts from the levy lid lift , as well as
amounts resulting from the addition of new construction and improvements to property,
and any possible increase in the value of state -assessed property, and amounts
authorized by law as a result of any annexations that have occurred and refunds made,
in order to discharge the expected expenses and obligations of the City and in its best
interest.
Resolution No. 405 Page 1 of 2
PASSED BY THE CITY COUNCIL OF THE CITY OF MEDINA ON THE 12TH
DAY OF NCBR 2019 AND SIGNED IN AUTHENTICATION OF ITS PASSAGE
THE 12TH DAY OF NOVEMBER 2019.
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Cynthl Adkins, Mayor
Approved as to form: Attest
eett issell$ City Attorney Aimee Kellerman, City Clerk
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Ogden Murphy Wallace PLLC
Resolution No. 405
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