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ORD 20-904 - Fixing Property Tax Rate for 2021ORDINANCE NO. 20-904 AN ORDINANCE of the City of Federal Way, Washington, relating to fixing the property tax amount for the year of 2021. 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 2021/22 biennium; and WHEREAS, the City Council, in the course of considering the biennium budget, conducted public meetings on September 23, September 24, October 6, October 20, October 21, and October 27, and public hearings November 3, and November 17, 2020, for the proposed property tax levy for 2021, 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 tax consistent with the limit factor prescribed by RCW 84.55.0 101 to discharge the expected expenses and obligations of the City; and WHEREAS, the City Council has resolved to levy a property tax consistent with RCW 84.52.043. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF FEDERAL WAY, WASHINGTON, DO ORDAIN AS FOLLOWS: Section 1. Levy. 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 2021 for the purpose of paying expenses and discharge obligations of the City in the amount of Eleven Million Nine Hundred Thousand Dollars and N011 00 ($11,900,000.00). The levy amount includes (1) an increase in property tax revenue from the previous year of Ninety -Four Thousand Seven Hundred and Seventy -Nine Dollars NO/100 ($94,779) or point Eighty - Four Hundredth of a percent (0.84%), (2) new construction and improvements to property, (3) any Ordinance No. 20-904 Page I of 3 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. Should any section, subsection, paragraph, sentence, clause, or phrase of this ordinance, or its application to any person or situation, be declared unconstitutional or invalid for any reason, such decision shall not affect the validity of the remaining portions of this ordinance or its application to any other person or situation. The City Council of the City of Federal Way hereby declares that it would have adopted this ordinance and each section, subsection, sentence, clauses, phrase, or portion thereof, irrespective of the fact that any one or more sections, subsections, sentences, clauses, phrases, or portions be declared invalid or unconstitutional. 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 1 st day of December, 2020. [Signatures to follow] Ordinance No. 20-904 Page 2 of 3 CITY OF FEDERAL WAY: JIM ELL. MAYOR ATTEST: — Nm�vz fiP IE COURTNEY, (!�' CITY CLERK APPROVED AS TO FORM: J. RYAN CALL, CITY ATTORNEY FILED WITH THE CITY CLERK: PASSED BY THE CITY COUNCIL: PUBLISHED: EFFECTIVE DATE: ORDINANCE NO.: 11/11/2020 12/01/2020 12/04/2020 12/09/2020 20-904 Ordinance No. 20-904 Page 3 of 3