ORD 2006-24 PROPERTY TAXES LEVY
ORDINANCE NO. 2006-24
AN ORDINANCE of the City of Bainbridge Island, Washington, relating
to the levy of property taxes for the City of Bainbridge Island, for the fiscal
year commencing January 1, 2007, on all real and personal property within
the City that is subject to taxation; levying both general property taxes for
the purpose of providing sufficient revenue to carry on the normal
activities of the City as required by law, and special levy taxes as
authorized by the voters in the November 6,2001 election.
\VHEREAS, the City Council of Bainbridge Island has considered the financial
requirements of the City for 2007 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
\VHEREAS, the City Council has properly given notice of the public hearing
held on November 8, 2006, to consider the City's revenue sources for the City's 2007
General Fund budget; and
\VHEREAS, the City Council 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 one percent of the amount levied for
collection in 2006 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; and
\VHEREAS, at an election held on November 6, 2001, the voters of the City
approved and authorized the City to issue general obligation bonds to finance the costs of
acquiring and preserving forested areas, open space, wildlife habitat, and farms and
agricultural lands and creating new trails and passive parks, and to levy excess property
taxes to repay such bonds (referred to as the "2002 Unlimited Tax General Obligation
Bonds" and the "Unlimited General Obligation Bonds, 2004"); and
\VHEREAS, the debt service on such bonds for the year 2007 will be $555,000;
now, therefore
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CERTIFICATION
I, the undersigned, City Clerk of the City of Bainbridge Island, Washington (the "City")
hereby certify as follows:
1. The attached copy of Ordinance No. 2006-24 (the "Ordinance") is a full, true and
correct copy of the Ordinance duly adopted at a regular meeting of the City Council held at the
regular meeting place thereof on November 8, 2006 as the Ordinance appears on the minute book
of the City;
2. A quorum of the members of the City Council was present throughout the
meeting and a majority of those members present voted in the proper manner for the adoption of
the Ordinance.
IN \-VITNESS \\THEREOF, I have hereunto set my hand this 9th day of November, 2006.
CITY OF BAINBRIDGE ISLAND, WASHINGTON
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ROSALIND D. LASSOFF, City Clerk