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Ord 03-454 ORDINANCE NO. 03-454 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF FEDERAL WAY, WASHINGTON, FIXING THE PROPERTY TAX AMOUNT FOR THE YEAR 2004. WHEREAS the City Council of the City of Federal Way has met and reviewed its budget for the 2003/04 biennium; and WHEREAS the City Council, in the course of considering the biennium budget has reviewed sources of revenue and examined all anticipated expenses and other city obligations for the city during the year 2004; and NOW, THEREFORE, BE IT ORDAINED, by the City Council ofthe City of Federal Way that the increase for the regular levy for the calendar year 2004 shall be 101.0% plus the increase in assessed value resulting from new construction at approximately 1.9% for a total of 102.9%. Section 1. Levv. There shall be and there is hereby levied against the property in the City of Federal Way; Washington, a municipal tax for the year 2004 for the purposes of paying the general expenses of municipal government in the amount of eight million one hundred fifty six thousand six hundred and eighteen dollars ($8,156,618). Section 2. Severabilitv. The provisions ofthis ordinance are declared separate and severable. The invalidity of any clause, sentence, paragraph, subdivision, section, or portion of this ordinance or the invalidity ofthe application thereof to any person or circumstance, shall not affect the validity of the remainder of the ordinance, or the validity of its. application to other persons or circumstances. Section 3. Ratification. Any act consistent with the authority and prior to the effective date of this ordinance is hereby ratified and affirmed. ORDINANCE NO. 03-454 , Page 1 k: \fi n \0 3 04bud get\ord i nance \tax levy2004 .doc ORIGINAL Section 4. Effective Date. This ordinance shall take effect and be in force five (5) days from the time of its final passage, as provided by law. PASSED by the City Council of the City of Federal Way this 18th day of November ,2003. CITY OF FEDERAL WAY ~~ MA ~ ' JEANNE BURBIDGE. . ~ST: .. ~d~ CITY C'LERK, N. CHRISTINE GREEN,CMC APPROVED AS TO FORM: ~7t;. /> ~~~~c~ CITY ATTORNEY, PATRICIA A. RICHARDSON FILED WITH THE CITY CLERK: 10/28/03 PASSED BY THE CITY COUNCIL: 11/18/03 PUBLISHED: 11/'1.2/03 EFFECTIVE DATE: lltn/OJ ORDINANCE NO. 03-454, Page 2 k: \fi n \0 304bud get\ord i nance \tax levy2004. doc