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HomeMy WebLinkAboutResolution No. 341CITY OF MEDINA RESOLUTION NO. 341 A RESOLUTION CERTIFYING TO THE GOVERNING AUTHORITY OF KING COUNTY THE ESTIMATES OF THE AMOUNT TO BE RAISED BY TAXATION FOR THE YEAR 2010 ON THE ESTIMATED ASSESSED VALUATION OF THE PROPERTY IN THE CITY OF MEDINA AS REQUIRED BY R.C.W. 84.55.120. 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 9, 2009 to consider the City's current expense budget for the 2010 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 an increase in property tax revenue from the previous year, in addition to the increase resulting from the addition of new construction and improvements to property and any increase in the value of state -assessed property, 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, in addition to the increase resulting from the addition of new construction and improvements to property and any increase in the value of state -assessed property, is hereby authorized for the 2010 levy in the amount of $2,304,055, which is a percentage increase of 1 % percent from the previous year. PASSED BY THE CITY COUNCIL ON THE 9th DAY OF NOVEMBER 2009 AND SIGNED IN AUTHENTICATION OF ITS PASSAGE THE 9th DAY OF NOVEMBER 2009. c Mark Nelson, Mayor Approved as to fo-rAttest: eve Vict pi'4ty4ktforney Ra hel Baker, City Clerk Passe Z 11 /09/2009 Eff Date: Ot to l to