ORD 2005-33 2006 PROPERTY TAX LEVY
CITY OF BAINBRIDGE ISLAND - 2006 FINAL BUDGET
ORDINANCE NO. 2005-33
AN ORDINANCE of the City of Bainbridge Island, Washington, relating
to the levy of propcrty taxes for the City of Bainbridge Island, for the fiscal
year commencing January 1,2006, on all real and personal property within
thc City that is suhjcct to taxation; levying both general property taxes for
the purpose of providing sufficient revenuc to carryon the normal
activitics of thc City as requircd hy law, and special levy taxes as
authorized by thc voters in the Novemher 6, 2001 election.
WHEREAS, thc City Council of BainhrIdgc Island has considered the financial
requiremcnts of the City for 2006 as set forth in thc Mayor's Prcliminary Budget, and the
amounts necessary and availahle to bc raised hy ad valorem taxes on real, personal, and
utility property which are includcd therein; and
WHEREAS, thc City Council has properly given notice of the public hcaring
held on Octobcr 26, 2005, to considcr the City's revcnuc sources for the City's 2006
General Fund budget; and
WHEREAS, the City Council after hearing and duly considering all relevant
evidence and tcstimony presented, has dctcnnined that the City requircs an increase in
property tax revcnue from the previous year cqual to one percent of the amount levicd for
collcction in 2005 as authorized by RCW ~4.55.005, in addition to the incrcasc rcsulting
from the addition of new construction and improvcmcnts to property and any increase in
the value of state-asscsscd property, in order to discharge the expectcd expcnses and
obligations ofthe City and in its bcst interest; and
WHEREAS, at an election held on Novembcr 6, 200 I, thc votcrs of the City
approved and authorized the City to issue general obligation bonds to financc thc costs of
acquiring and preserving f(Jrested areas, open space, wildlife habitat, and farms and
agricultural lands and creating new trails and passive parks, and to levy excess propcrty
taxes to repay such bonds (referred to as the "2002 Unlimited Tax General Obligation
Bonds" and the "Unlimited General Obligation Bonds, 2004"); and
WHEREAS, the debt service on such bonds for the year 2006 will be
$551.767.52; now, therefore
THE CITY COUNCIL OF THE CITY OF BAINBRIDGE ISLAND, DOES
ORDAIN AS FOLLOWS:
CITY OF BAINBRIDGE ISLAND - 2006 FINAL BUDGET
Section 1. The 2005 regular property tax levy fllr collection in 2006 is declared
to be $5,519,920 (the amount levied in 2004 for collection in 20(5) plus an increase of
$55,199, which is an increase of one and no one-hundredths (1.00) percent, plus an
increase equal to the amount allowed under the new construction provisions of RCW
84.55.010 and any increase in the value of state-assessed property, and any additional
amounts resulting from any refunds made.
Section 2. In addition to City's regular property tax levy described in Section 1
above, there is levied for collection in 2006, upon all propel1y, both real and personal
within the City and within the area subject to taxation, a voter-approved special levy
property tax in the amount of $560,000 to pay the 2006 debt service on the City's 2002
and 2004 Unlimited Tax General Obligation Bonds.
Section 3. This ordinance shall be certified to the proper 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 for non-charter code cities.
Section 4. This ordinance shall take effect ancl be in fC)J-ce five days after its
passage, approval and publication as required by layv.
PASSED by the City Council this 9th day of November, 2005.
APPROVED by the Mayor the loth day of November, 2005.
/
t_./ f ',.C : ( :' ! , \
DARLENE KORDONOWY, Mayor \
ATTEST/AUTHENTICATE:
i,-,~ J) ~A/
SUSAN P. KASPER, City Clerk
FILED WITH THE CITY CLERK
PASSED BY THE CITY COUNCIL
PUBLISHED:
EFFECTIVE DATE:
ORDINANCE NO.:
October 13,2005
November 9,2005
November 16,2005
November 21, 2005
2005-33
DEPARTMENT
OF REVENUE
WASHINGTON STATE
Levy Certification
Submit this document to the county legislative authodty on or before November 30 of the year preceding
the year in which the kvy amounts are to he collected and forward a copy to the assessor.
In accordcHlce with RCW R4.52.020, I, Susan P. Kasper
(Namc)
City Clerk
(Title)
, for
City of Bainbridge Island
(District Namc)
, do hereby ccrtify to
the
Kitsap
(Name ofCounlyl
County legislative authority that thc City Council
(Commissioncrs, Council, Bll~lrd, etc.)
of said city requests that the tiJllowing levy amounts be collected in 2006 as provided in the city's
(Year ofCulleetiun)
budget, which was adopted following a public hearing held on 10/26/05
and approved by the City Council on November l), 2005. (Date ofPuhlic Hcaring)
Regular Levy:
$5,ROO,OOO.OO *
(State thc total dollar amuullt to bc levicd)
* including the increase resulting from the addition of new construction and improvements to property and any
increase in the value of state-assessed property using data provided by the Kitsap County Assessor's Office.
Excess Levy: $o.no
(Statc the total dollar amuunt to he levicd)
Signature:
J&'+vr.-' d /~~
Date: 11/15/2005
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