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ORD 11-709ORDINANCE NO. 11-709 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF FEDERAL WAY, WASHINGTON, FIXING THE PROPERTY TAX AMOUNT FOR THE YEAR OF 2012. 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 2011/12 biennium; and WHEREAS the City Council, in the course of considering the biennium budget, conducted public hearings on November 15, 2011, and December 6, 2011 for the proposed property tax levy for 2012, 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 to authorized an increase in regular property tax consistent with the limit factor prescribed by RCW 84.55.101 to discharge the expected expenses and obligations of the City; and NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF FEDERAL WAY, WASHINGTON, DO ORDAIN AS FOLLOWS: Section 1. Lev . 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 2012 for the purposes of paying expenses and discharge obligations of the City in the amount of $10 Million, Seven Hundred Thousand Dollars ($10,700,000). The levy amount includes (1) an increase in property taa� revenue from the previous year of Sixty-three Thousand Nine Hundred and Fifty Dollars ($63,950) or point sixty-five percent (0.65%), (2) new construction and improvements to property, (3) any increase in the value of state assessed Ordinance No. ll -709 Page 1 of 3 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. Severabilitv. 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 �ny 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. 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. PASSED by the City Council of the City of Federal Way this 6th day of December, 2011. CITY OF FEDERAL WAY � ' _���;,� 1� , . .� ,. . . , - ATTEST: CITY CLERK, CAR L MC ILLY, CMC Ordinance No.11 -709 Page 2 of 3 APPROVED AS TO FORM: / �� ��r;�,�,. CITY ATTORNEY, PATRICIA A. RICHARDSON FILED WITH THE CITY CLERK: 11/22/2011 PASSED BY THE CITY COUNCIL: 12/6/2011 PUBLISHED: 12/10/2011 EFFECTIVE DATE: 12/15/2011 ORDINANCE NO.: 11-709 Ordinance No.11 -709 Page 3 of 3