Ord 04-470
ORDINANCE NO. #04-470
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
FEDERAL WAY, WASHINGTON, FIXING THE PROPERTY
T AX AMOUNT FOR THE YEAR 2005.
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 2005/06
biennium; and
WHEREAS the City Council, in the course of considering the biennium budget, has
conducted public hearings on the proposed property tax levy for 2005, and proposed revenues
expenditures for the biennium;and
WHEREAS the City Council, after hearing and duly considering all relevant evidence
and testimony presented, determined that it is necessary and advisable to authorize an increase in
regular property tax levy consistent with the limit factor prescribed by RCW 84.55.0101 to discharge
the expected expense and obligations of the city; now, therefore,
THE CITY COUNCIL OF THE CITY OF FEDERAL WAY, WASHINGTON,
DOES HEREBY 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 2005 for the
purposes of paying expenses and discharge obligations of the city in the amount of Eight Million
Two Hundred and Seventy Seven Thousand Dollars ($8,277,000).
The levy amount includes (1) an increase in property tax revenue from the previous
year of Eighty Thousand Nine Hundred and Seventy Two Dollars ($80,972) or one percent (1 %), (2)
new construction and improvements to property, (3) any increase in the value of state assessed
property, and amounts authorized by law as a result of any annexations that have occurred, as well as
applicable refunds already made.
ORDINANCE NO. 04-470, Page 1
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ORIGINAL
Section 1. Severability. The provisions of this ordinance are declared separate and
severable. The invalidity of any clause, sentence, paragraph, subdivision, section, or portion ofthis
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 2. Ratification. Any act consistent with the authority and prior to the
effective date ofthis ordinance is hereby ratified and affirmed.
Section 3. 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
December
,2004.
7th
day of
CITY OF FEDERAL WAY
c!-r/MAY
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CITY CLERK, N. CHRISTINE GREEN, CMC
£J (LL~ M~
COLGAN
APPROVED AS TO FORM:
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CITY ATTORNEY, PATRICIA A. RICHARDSON
FILED WITH THE CITY CLERK: 11/9/04
PASSED BY THE CITY COUNCIL: 12/7/04
PUBLISHED: 12/11/04
EFFECTIVE DATE: 12/16/04
ORDINANCE NO. 04-470 , Page 2
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