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ORD 2001-46 2002 PROPERTY TAX LEVYORDINANCE NO. 2001-46 AN ORDINANCE of the City of Bainbridge Island, Washington, levying general taxes for the City of Bainbridge Island, in Kitsap County, for the fiscal year commencing January 1, 2002, on all real and personal property within the City that is subject to taxation for the purpose 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 2002 as set forth in the Mayor's Preliminary Budget, and the amounts necessary and available to be raised by ad valorem taxes on real, personal, and utility property which are included therein; and WHEREAS, the City Council of Bainbridge Island has properly given notice of the public hearing held on November 14, 2001, to consider the City's revenue sources for the City's 2002 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 an increase in property tax revenue from the previous year equal to the annual increase in the implicit price deflator as authorized by RCW 84.55.005, in addition to the increase resulting from the addition of new construction 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; now, therefore THE CITY COUNCIL OF THE CITY OF BAINBRIDGE ISLAND, DOES ORDAIN AS FOLLOWS: Section 1. The 2001 property tax levy for collection in 2002 is declared to be $4,762,419 (the amount levied in 2000 for collection in 2001) plus an increase of $47,624, 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. Section 2. 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 3. This ordinance shall take effect and be in force on and after January 1, 2002. PASSED by the City Council this 14th day of November 2001. APPROVED by the Mayor the 15th day of November 2001. DWI~tI~I~I' SUTTON, Mayor ATTEST/AUTHENTICATE: S SPER, City Clerk APPROVED AS TO FORM: ROD P. KASEGUMA, City Attorney FILED WITH THE CITY CLERK PASSED BY THE CITY COUNCIL PUBLISHED: EFFECTIVE DATE: ORDINANCE NO.: October 15, 2001 November 14, 2001 November 21, 2001 January 1, 2002 2001-46