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ORD 99-68 LEVYING OF GENERAL TAXESORDINANCE NO. 99-68 AN ORDINANCE of the City of Bainbridge Island, Washington, levying the general taxes for the City of Bainbridge Island, in Kitsap County, for the fiscal year commencing January 1, 2001, on all real and personal property w/thin the City, that is subject to taxation fBr the parpose of providing sufficient revenue to carry on the normal activities of the City for the ensuing year as, required by law. WHEREAS, the City Council of Bainbridge Island has considered the financial requirements of the City for 2001 as set forth in the Financial Capacity Analysis approved bv the City Council on May 12, 1999, and the amounts necessary and available to be raised by ad valorem taxes on real, personal, and utility property which are included therein and updated by projections of the City's Finance Director attached hereto; and WHEREAS, the City Council of Bainbridge Island has properly given notice of the public hearing held on November 17, 1999, to consider the City's revenue sources for the City's 2001 current expense budget; and WHEREAS, the City Council of Bainbridge Island after hearing and duly considering all relevant evidence and testimony presented, has determined that the City requires, and finds that there is substantial need for, an increase in property tax revenue from the previous year, in addition to the increase resulting from the addition of new consm_lction and improvements to property and any increase in the value of state-assessed property, in order to discharge the expected expenses and obligations of the City and in its best interest; and WHEREAS, the passage of'Initiative 695 has put additional, extreme pressure on the City's ability to accomplish its mandated fi_mctions with the revenues allowed to it; no,c,,, theretZ3re THE CITY COUNCIL OF THE CITY OF BAINBRIDGE ISLAND, DOES ORDAIN AS FOLIjOWS: Section 1. tile 2000 property tax levy fi~r collection in 2001 shall be $4,381,432 (tile amount actthorized t~r c,lllection in 2000) plus an increase of $262,886 which is an increase or'six and nc~ one-hundredths (6 00) percent from the amount the City could levy R('W 84 55092 and an increase of twelve and seven one-hundredths (1207) percent over the amotln~ actually levied plus an increase equal to the amount allowed under the new c~mstruction provisions of RCW 84 55.010, state-assessed properties and all allo~vable Ievies Section 2. In the event that Initiative 695 fails to become law or that portion of Initiative 695 which prohibits the City Council fi'om increasing property taxes without a vote of the people is declared invalid, Sections 1 and 3 of this ordinance shall be null and void and of no tbrce or effect. Section 3. This ordinance shall be certified to the propel' Kitsap County officials, as provided by law The taxes levied in this ordinance shall be collected and paid to the Director of Finance and Administrative Services of the City of Bainbridge Island at the time and in the manner provided by the laws of the State of Washington for the collection of taxes tbr non-charter code cities. Section 4. This ordinance shall take effect and be in force on and after five days from and after its passage, approval, and publication as required by law. PASSED by the City Council this 23rd day of November, 1999. APPROVED by the Mayor the 23rd day of November, 1999. ~JD,~G~H~SUTT~ON~,~''- ATTEST/AUTHENTiCATE: SUSAN P KASPER, City Clerk APPROVED AS TO FORM: ROD P KASEGUMA, City Attorney FILED WITH THE CITY CLERK PASSED BY THE CITY COUNCIL PUI3LISHED: EFFECTIVE DATE: ORDINANCE 99 - 08 November 10, 1999 November23,1999 December 1, 1999 December 6, 1999