Ord 99-354
ORDINANCE NO.
99-354
..
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY
OF FEDERAL WAY, WASHINGTON, FIXING THE
PROPERTY TAX AMOUNT FOR THE YEAR 2000.
WHEREAS the City Council of the City of Federal Way has
adopted its budget for the 1999/00 biennium which includes an
increase in property tax levy for the year 2000; and
WHEREAS the City Council, in the course of considering
the mid-biennium budget adjustment has reviewed all changes in
projected revenues and expenses and other city obligations for the
city during the year 2000; and
WHEREAS while the national inflation as measured by the
implicit price deflator consumption is 1.42%, the local inflation,
as measured by consumer price index (CPI-W) , is 3.2% for the year
ending June;
NOW, THEREFORE, BE IT ORDAINED, by the City Council of
the City of Federal Way that the limit factor for the regular levy
for the calendar year 2000 shall be 103.2% based on local inflation
plus
an
additional
2.3%
for
the
increase
in
assessed
value
~;:; !i?'~' .~:~
f:.. ~: (I.
':':!l' "Wfi~ .
resulting from annexation and/or new construction for a total of
. .
105.5%.
~
Section 1.
Levy.
There shall be and there is hereby
levied against the property in the City of Federal Way, Washington,
a municipal tax for the year 2000 for the purposes of paying the
general
expenses
of
municipal
government
in
the
amount
of
$7,030,725.
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.
Effecti ve Date.
This ordinance shall take
effect and be in force five
(5) days from the time of its final
passage, as provided by law.
PASSED by the City.Council of the City of Federal Way
this
16
day of
Noyember
. . '.,
, 1999.
CITY OF FEDERAL WAY
£c1~
MAYOR, RON G TZ
~T
. ~a£:. Þ A«&---
IT CLERK, N. CHRISTINE GREEN,CMC
APPROVED AS TO FORM:
~
C-~
CITY ATTORNEY, LONDI K. LINDELL
FILED WITH THE CITY CLERK: 11/01/99
PASSED BY THE CITY COUNCIL: 11/16/99
PUBLISHED: 11/20/99
EFFECTIVE DATE: 11/21/99
ORDINANCE NO. 99-354
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