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Ord 00-378 ORDINANCE NO. 00-378 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF FEDERAL WAY, WASHINGTON, FIXING THE PROPERTY TAX AMOUNT FOR THE YEAR 2001. WHEREAS the City Council of the City of Federal Way has met and reviewed its budget for the 2001/02 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 2001; and NOW, THEREFORE, BE IT ORDAINED, by the City Council of the City of Federal Way that the increase for the regular levy for the calendar year 2001 shall be 102.0% plus the increase in assessed value resulting from annexation and/or new construction at approximately 1.9% for a total of 103.9%. Section 1. ~. There shall be and there is hereby levied against the property in the City of Federal Way, Washington, a municipal tax for the year 2001 for the purposes of paying the general expenses of municipal government in the amount of $7,305,829. ORD. # 00-378 , PAGE 1 (C(Q)~1f 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. Ratification. Any act consistent with the authority and prior to the effective date of this ordinance is hereby ratified and affirmed. 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 21st day of November , 2000. CITY OF FEDERAL WAY ~/d MAYOR, MIKE P /" ORD. # 00-378 , PAGE 2 ~ r~~ CITY LERK, N. CHRISTINE GRÈEN,CMC APPROVED AS TO FORM: 4%1) C- ~4 CITY ATTORNEY, ROBERT STERBANK FILED WITH THE CITY CLERK: 11/01/00 PASSED BY THE CITY COUNCIL: 11/21/00 PUBLISHED: 11/29/00 EFFECTIVE DATE: 11/26/00 ORDINANCE NO. 00-378 K, \FIN\OlOO2BDGT\ORDINANCE\TAXLEVY2001.DOC ORD. # 00-378 , PAGE 3