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RES 16-709 - Relating to Levy Limit & Substantial Need for 2017-18 BudgetRESOLUTION NO. 16 -709 A RESOLUTION of the City of Federal Way, Washington, relating to Levy Limit and Substantial Need in General Fund in the 2017 -2018 Biennial Budget. WHEREAS, the City Council of the City of Federal Way has met and considered its General Fund budget for the biennial 2017/2018; and WHEREAS, the population of the City of Federal Way is in excess of 10,000; and WHEREAS, the City Council of the City of Federal Way has determined by approving the levy limit factor with a Council majority plus one vote, that due to continued increasing in operational expenses and declining revenues from fees, there is a substantial need (RCW 84.55.0101) to set the levy limit at one hundred one percent (101%) for the budget year 2017. NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF FEDERAL WAY, RESOLVES AS FOLLOWS: Section 1. Levy Limit. The City Of Federal Way, hereby adopts the levy limit factor to 101% to calculate the highest lawful levy since 1985 for tax year 2017 for the General Fund. Section 2. Severability. If any section, sentence, clause or phrase of this resolution should be held to be invalid or unconstitutional by a court of competent jurisdiction, such invalidity or unconstitutionality shall not affect the validity or constitutionality of any other section, sentence, clause or phrase of this resolution. Section 3. Corrections. The City Clerk and the codifiers of this resolution are authorized to make necessary corrections to this resolution including, but not limited to, the correction of scrivener /clerical errors, references, resolution numbering, section/subsection numbers and any references thereto. Resolution No. 16 -709 Page 1 of 2 Section 4. Ratification. Any act consistent with the authority and prior to the effective date of this resolution is hereby ratified and affirmed. Section 5. Effective Date. This resolution shall be effective immediately upon passage by the Federal Way City Council. RESOLVED BY THE CITY COUNCIL OF THE CITY OF FEDERAL WAY, WASHINGTON this 1st day of November, 2016. CITY OFF ! RAL ATTEST: . �J ;� a LAA/L,. i4 LERK, STEPHANI C URTNEY, CMC MAY APPROVED AS TO FORM: ACTING CITY ATTORNEY, 12,141vt Carl,, FILED WITH THE CITY CLERK: 10/28/2016 PASSED BY THE CITY COUNCIL: 11/01/2016 RESOLUTION NO.: 16 -709 IM FERRELL Resolution No. 16 -709 Page 2 of 2