HomeMy WebLinkAboutResolution No. 440CITY OF MEDINA, WASHINGTON
RESOLUTION NO. 440
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MEDINA, WASHINGTON,
CERTIFYING TO THE GOVERNING AUTHORITY OF KING COUNTY THE ESTIMATES OF
THE TAX AMOUNT TO BE LEVIED ON THE ASSESSED VALUATION OF THE PROPERTY
WITHIN THE CITY FOR THE YEAR 2024
WHEREAS, the City Council of the City of Medina attests that the population of the City
is less than ten thousand; and
WHEREAS, the City Council has properly given advance notice of the public hearing
duly held November 13, 2023 to consider the revenue sources for the City's current expense
budget for the 2024 calendar year, all pursuant to RCW 84.55.120; and
WHEREAS, the voters approved City of Medina Proposition 1 on November 5, 2019, 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, to set a
5% limit factor for each year 2021-2025, to use the 2025 levy amount as the base to compute
subsequent levy limits, and bexempt low income seniors and disabled persons; all as set forth
in Medina Ordinance No. 970; and
WHEREAS, the City Council, after hearing, and after duly considering all relevant
evidence and testimony presented at the hearing, has determined that the City of Medina
requires a regular levy in the amount of $4,461,393, for an increase of $142,737, representing a
3.31 % increase from the previous year, including 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.
NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF MEDINA, WASHINGTON,
RESOLVES AS FOLLOWS:
Approval and Effective Date. This Resolution is hereby adopted and shall be effective
as of the date of adoption by the City Council set forth below.
PASSED BY THE CITY COUNCIL OF THE CITY OF MEDINA ON NOVEMBER 13,
2023 AND SIGNED IN AUTHENTICATION OF ITS PASSAGE ON NOVEMBER 13, 2023 .
Approved as to form:
Ogden Murphy Wallace, PLLC
��-._,.._, Scott M. Missal!, City Attorney
FILED WITH THE CITY CLERK: 11/14/2023
PASSED BY THE CITY COUNCIL: 11/13/2023
RESOLUTION NO. 440
Resolution No. 440
. �
/Jessica Rossman, Mayor
Attest:
Aimee Kellerman, City Clerk
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