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ORD 99-66 INCREASE THE LEVY OF GENERAL PROPERTY TAXESORDINANCE 99 - 66 AN ORDINANCE OF THE CITY OF BAINBRtDGE ISLAND, WASHINGTON, FINDING SUBSTANTIAL NEED FOR THE CITY TO INCREASE THE LEVY OF GENERAL PROPERTY TAXES FOR THE CITY OF BAINBRIDGE ISLAND FOR THE YEAR 2001 AT A RATE IN EXCESS OF THE INCREASE IN THE IMPLICIT PRICE DEFLATOR. WHEREAS, the City Council of Bainbridge Island has chosen to levy its propert5' taxes lk>r thc 3'ear 2000 at aratc below the maximum alloxxed by statute; and WHEREAS, Chapter 84.55 RCW. as annended by Laws of 1997, Chapter 3, (Referendum 47) requires that in order IBr a taxing district with a population of 10,000 or more, such as the City of Bombridge Island to approve a tax leD' in excess of the increase in the growth m the implicit price deflator. a finding of substantial need must be reached by a majoribI of the district's legislative body plus one vote: and WItEREAS. the voters of the State of Washington have approved Initiative 695 xvhich significantly restricts the City's abilit_,, to raisc taxes by ordinance after January. 1, 2000: and WHEREAS. the Office of Financial Management of the State of Washington has determined that the City of Bainbridge Island will lose $893.282 in shared revenues in the year 2000 and ',~ill lose $1,263.369 m 2001: and WHEREAS. thc Ma.,,or and City Council of the Cib' of Bainbridgc Island have determined that the City will ha,, e added costs as yet unforeseen because of the approval of Initiative 695 but do not x~ant to Ic',)' a propert}' tax rate Ibr 2{100 higher than necessan,.' to mcet the needs ut'thc Cib for 2()00: nox~, thcreforc, THE CITY COUNCIL OF THE CITY OF BAINBRiDGE ISLAND, WASHINGTON. DO ORDAIN AS FOLLOWS: SECTION I Thc City Couucil finds that if tile Cit), levics propcm,.' taxcs in 1999 lbr collection in 20{)0 at a rate below the legal maximum rate authorized by law, there is a high probability that. because of the rcveuuc losses and added costs shil~.ed from other govcnm~cnt agcncics as a rcsult of the passage of Initiati',c 695. in the _','car 2001 thc City ~ill ha~e to raise its properb tax lcv~ at a rate in excess of the rate ofinl]ation, as ifthc City had Icx icd the tidl amount alltaxed uudcr Chapter 8455 RCW m 1999 Ibr collection in 2000, in order li~r the ('it> to mcct its cxpcuditures xdthout decreasing the Icyel of sen'ices pro;'idcd or general mfrastntcture needs The City Council further finds that m order to set its 200{) propcrt} tax lex', at a rate Icss than the legal maxreturn, the Cib must rescn'e tile i~ght. and has the substantial need. to increase ils Icx-. in the lilture up to the fi~ll one hundred six percent{ 10671,) ]teal maxmmn~ proscull', alloxxed bx RCW 8455.0101 and N4 550'12: and it requests the Kitsap County Assessor to increase the maximum [cv_x allowable under RCW 84 35092 bv 6.1)% abo%c, the anaounl authorized lbr collection in 1999. SECTION 2 This ordinance has been passed by at least a majority ol'the City Ctluncil plus one of the whole membership SECTION 3. This ordinance shall take effect and be in force ~e (5) day,'s ti'om and aftcr its passage. approval, and pnblication as required by law. PASSED by thc City Council this 23rd day of November, 1999. APPROVED by the Mayor this 23rd day of November, 1999. A]TEST/AUTHENTICATE: U/'SXN J. KA~PER(~'. C~ APPROVED AS TO FORM: ROD P KASEGUMA Cit3 Attorney FII_ED WITH ']'HE CiTY CLERK: PASSED BY THE CITY COUNCIL: P[/13LISHED EFFECTIVE DATE ORDINANCE 99 - 66 Noxcmbcr 10,1999 November 23.1999 December 1, 1999 December 6, 1999 CERTIFICATION I, SUSAN P. KASPER, the duly appointed City Clerk of the City of Bainbridge Island, Washington, do hereby certify that the attached is a true and correct copy of Ordinance No. 99-66, as it appears in the official minute book of the City of Bainbridge Island. DATED this 8th day of December, 1999. ~ i~a,~, , T SUSAN P. KASPER, City Clerk