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ORD 15-810 - Fixing Property Tax Rate for 2016ORDINANCE NO. 15 -810 AN ORDINANCE of the City of Federal Way, Washington, relating to fixing the property tax amount for the year of 2016. WHEREAS, the City Council of the City of Federal Way has met and reviewed all revenue sources and examined all anticipated expenses and other obligations for the 2015/16 biennium; and WHEREAS, the City Council, in the course of considering the biennium budget, conducted public hearings on November 3, 2015 and November 17, 2015 for the proposed property tax levy for 2016, and proposed revenues and expenditures for the biennium; and WHEREAS, the City Council, after hearing and duly considering all relevant evidence and testimony, determined that it is necessary and advisable to authorize an increase in regular property tax consistent with the limit factor prescribed by RCW 84.55.0101 to discharge the expected expenses and obligations of the City; and NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF FEDERAL WAY, WASHINGTON, DO ORDAIN AS FOLLOWS: Section 1. Levy. There shall be and there is hereby levied against the property in the City of Federal Way, Washington, a municipal regular property tax for the year 2016 for the purpose of paying expenses and discharge obligations of the City in the amount of Ten Million Nine Hundred Thousand Dollars ($10,900,000). The levy amount includes (1) a decrease in property tax revenue from the previous year of One Thousand Two Hundred and Thirty Dollars (- $1,230) or minus point zero one percent (0.01 %), (2) new construction and improvements to property, (3) any increase in the value of Ordinance No. 15 -810 Page 1 of 3 state assessed property, and (4) amounts authorized by law as a result of any annexations that have occurred, as well as applicable refunds already made. Section 2. Severability. The provisions of this ordinance are declared separate and severable. The invalidity of any clause, sentence, paragraph, subdivision, section, or portion of this ordinance or the invalidity of the 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. Corrections. The City Clerk and the codifiers of this ordinance are authorized to make necessary corrections to this ordinance including, but no limited to, the correction of scrivener /clerical errors, references, ordinance numbering, section/subsection numbers and any references thereto. Section 4. Ratification. Any act consistent with the authority and prior to the effective date of this ordinance is hereby ratified and affirmed. Section 5. Effective Date. This ordinance shall be effective January 1, 2016. PASSED by the City Council of the City of Federal Way this lst day of December, 2015. CIT : FEDERAL WAY ► OR! IM FERRELL ATTEST: Ordinance No. 15 -810 Page 2 of 3 APPROVED AS TO FORM: FILED WITH THE CITY CLERK: PASSED BY THE CITY COUNCIL: PUBLISHED: EFFECTIVE DATE: ORDINANCE NO.: 11/13/2015 12/01/2015 12/04/2015 01/01/2016 15 -810 Ordinance No. 15 -810 Page 3 of 3