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ORD 19-882 - Fixing Property Tax Rate for 2020 ORDINANCE NO. 19-882 AN ORDINANCE of the City of Federal Way, Washington, relating to fixing the property tax amount for the year of 2020. 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 2019/20 biennium; and WHEREAS, the City Council, in the course of considering the biennium budget, conducted public hearings on November 5, and November 19, 2019, for the proposed property tax levy for 2020, 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 in order to discharge the expected expenses and obligations of the City to authorize an increase in regular property tax consistent with the limit factor prescribed by RCW 84.55.0101; and WHEREAS, the City Council has resolved to levy a property tax consistent with RCW 84.52.043. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF FEDERAL WAY, WASHINGTON, DO ORDAIN AS FOLLOWS: Section 1. LM. 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 2020 for the purpose of paying expenses and discharge obligations of the City in the amount of Twelve Million Five Hundred Thousand and N0/100 Dollars ($12,500,000.00). Ordinance No. 19-882 Page 1 of 3 The levy amount shall include (1) an increase in property tax revenue from the previous year of Eighty Thousand Four Hundred Ninety and NO/100 Dollars ($80,490.00) or seventy- three hundredth of a percent (0.73%), (2) new construction and improvements to property, (3) any increase in the value of 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. Should any section, subsection, paragraph, sentence, clause, or phrase of this ordinance, or its application to any person or situation, be declared unconstitutional or invalid for any reason, such decision shall not affect the validity of the remaining portions of this ordinance or its application to any other person or situation. The City Council of the City of Federal Way hereby declares that it would have adopted this ordinance and each section, subsection, sentence, clauses, phrase, or portion thereof, irrespective of the fact that any one or more sections, subsections, sentences, clauses, phrases, or portions be declared invalid or unconstitutional. Section 3. Corrections. The City Clerk and the codifiers of this ordinance are authorized to make necessary corrections to this ordinance including, but not 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 take effect and be in force five (5) days from and after its passage and publication, as provided by law. Ordinance No. 19-882 Page 2 of 3 PASSED by the City Council of the City of Federal Way this 3rd day of December, 2019. CITY OF FEDERAL WAY: L � , MAYOR ATTEST: �ffo 0i t PIIANII- COURTNEY, C t, ITY CLERK APPROVED AS TO FORM: ,a-g'Lw�' J. RYAN CALL, CITY ATTORNEY FILED WITH THE CITY CLERK: 11/13/2019 PASSED BY THE CITY COUNCIL: 12/03/2019 PUBLISHED: 12/06/2019 EFFECTIVE DATE: 12/11/2019 ORDINANCE NO.: 19-882 Ordinance No. 19-882 Page 3 of 3