ORD 06-538ORDINANCE NO.46 -539
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
FEDERAL WAY, WASHINGTON, FIXING THE PROPERTY
TAX_ AMOUNT FOR THE YEAR 2007.
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 2007/08 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 2007, and proposed revenue, and
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. Le . 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 2007 for the purposes of
paying expenses and discharge obligations of the City in the amount of Nine Million, One Hundred
Dollars ($9,100,000).
The levy amount includes (1) an increase in property tax revenue from the previous year of
Sixty -Two Thousand and Four Hundred Dollars ($62,400) at point seventy -one percent (0.71 %), (2)
ORD # 06 -535 , PAGE 1
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.
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 day of
of �� , 2006.
CITY OF FEDERAL WAY
ATTEST:
C ®R �.:. "IMIRWIN
Lei I Maj a
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ORD # fil,- 39 , PAGE 2
APPROVED AS TO FORM:
CITY ATTORNEY, PATRICIA A. RICHARDSON
FILED WITH THE CITY CLERK:
PASSED BY THE CITY COUNCIL:
PUBLISHED:
EFFECTIVE DATE:
ORDINANCE NO.:
ORD # 61, 5og-, PAGE 3