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ORD 08-587 ORDINANCE NO. 08-587 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF FEDERAL WAY, WASHINGTON, FIXING THE PROPERTY TAX AMOUNT FOR THE YEAR OF 2009. WHEREAS, the City Council ofthe City of Federal Way has met and reviewed all revenue sources and examined all anticipated expenses and other obligations for the 2009/10 biennium; and WHEREAS the City Council, in the course of considering the biennium budget, conducted public hearings on November 4, 2008, and November 18, 2008 for the proposed property tax levy for 2009, and proposed revenues 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 levy consistent with the limit factor prescribed by RCW 84.55.0101 to discharge the expected expense and obligations of the City; now, therefore, NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF FEDERAL WAY, WASHINGTON, DO ORDAIN AS FOLLOWS: Section 1. Levv. 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 2009 for the purposes of paying expenses and discharge obligations of the City in the amount of Nine Million, Six Hundred Thousand Dollars ($9,600,000). The levy amount includes (1) an increase in property tax revenue from the previous year of One Hundred Seventeen Thousand and Fifty-one Dollars ($117,051) or one point twenty-six percent (1.26%), (2) new construction and improvements to property, (3) any Ordinance No. 08-587 Page 1 of3 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. 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. 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 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. PASSED by the City Council ofthe City of Federal Way this 2 day of December, 2008. CITY OF FEDERAL WAY ATTEST: Ordinance No. 08-587 Page -2--/3 APPROVED AS TO FORM: 1~u~ C{TY ATTORNEY, PATRICIA A. RICHARDSON FILED WITH THE CITY CLERK.'11-11-2008 PASSED BY THE CITY COUNCIL: 12-2-2008 PUBLISHED: 12-6-2008 EFFECTIVE DATE: 12-11-2008 ORDINANCE NO.: 08-587 Ordinance No. 08-587 Page 0/3