HomeMy WebLinkAboutResolution No. 347CITY OF MEDINA
RESOLUTION NO.347
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 2011.
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 8, 2010 to consider the City's current expense budget for the 2011
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 $2,410,929, 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,
banked capacity, 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 2011 levy in the amount of $97,312 which is a percentage increase of 4.24%
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.
PASSED BY THE CITY COUNCIL OF THE CITY OF MEDINA ON THE 8th
DAY OF NOVEMBER 2010 AND SIGNED IN AUTHENTICATION OF ITS
PASSAGE THE 8th DAY OF NOVEMBER 2010. % 1l
Bret'Jordan, Mayor
Approv as t o m: Attest:
Bruce Disend, City Attorney Rach I Baker, City Clerk