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ORD 12-734ORDINANCE NO. 12-734 AN ORDINANCE of the City of Federal Way, Washington, Fixing the Property Tax Amount for the Year of 2013. 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 2013/14 biennium; and WHEREAS, the City Council, in the course of considering the biennium budget, conducted public heaxings on November 6, 2012 and November 20, 2012 for the proposed property tax levy for 2013, 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 authorize an increase in regular property t� consistent with the limit factor prescribed by RCW 84.55.0101 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. L�. 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 2013 for the purpose of paying expenses and discharge obligations of the Ciiy in the amount of Ten Million Seven Hundred Thousand Dollars ($10,700,000). The levy amount includes (1) an increase in property tax revenue from the previous year of Forty-nine Thousand Five Hundred and Eighty Seven Dollars ($49,587) or point fifty percent (0.50%), (2) new construction and improvements to property, (3) any increase in the value of state Ordinance No. 12-734 Page 1 of 3 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. 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 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. 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 4. Ratification. Any act consistent with the authority and prior to the effective date of this ordinance is hereby ratified and affrmed. Section 5. Effective Date. This ordinance shall be effective January 1, 2013. PASSED by the City Council of the City of Federal Way this 4th day of December, 2012. CITY OF FEDERAL WAY / � � _.��_,• —. � . � . . . ATTEST: CIT C ERK, CAROL MC ILLY, CMC Ordinance No. 12-734 Page 2 of 3 APPROVED AS TO FORM: Gf/ � L CI ATTORNEY, PATRICIA A. RICHARDSON FILED WITH THE CITY CLERK: 11-13-2012 PASSED BY THE CITY COUNCIL: 12-04-2012 PUBLISHED: 12-07-2012 EFFECTIVE DATE: O l-O l-2013 ORDINANCE NO.: 12-734 Ordinance No. 12-734 Page 3 of 3