ORD 2011-16 LEVY OF PROPERTY TAXESORDINANCE NO. 2011-16
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, 2012, 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.
WHEREAS, the City Council of Bainbridge Island has considered. the financial
requirements of the City for 2012 as set forth in the City Manager's Proposed
Amendments to the 2012 Endorsed 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 population of the City is greater than 10,000; and
WHEREAS, the City Council has properly given notice of the public hearing
held on November 9, 2011 to consider the City's. revenue sources for the City's 2012
General Fund budget; and
WHEREAS, the previous year's actual levy was $6,544,687; and
WHEREAS, 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 0.9125% of the amount levied for
collection in 2012 as authorized by RCW 8.4.55.005, 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
WHEREAS, 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
WHEREAS, the debt service on such bonds for the year 2012 will be $666,193;
now, therefore,
THE CITY COUNCIL OF THE CITY OF BAINBRIDGE ISLAND, DOES
ORDAIN AS FOLLOWS:
Section 1. The 2011 regular property tax levy for collection in 2012 is declared
to be the previous year's levy of $6,544,867 plus an increase of $59,719 which is an
increase of 0.9125 percent, plus an increase equal to the amount allowed under the new
construction provisions of RCW 84.55.010 ($27,839) and any increase in the value of
state-assessed property, and any additional amoLmts resulting from any refunds made
($23,315). The total is $6,655,740.
Section 2. In addition to City's regular property tax levy described in Section 1
above, there is levied for collection in 2012, upon all property, both real and personal
within the City and within the area subject to taxation, avoter-approved special levy
property tax in the amount of $666,193 to pay the 2012 debt service on the City's 2002
and 2004 Unlirriited 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 on January 1, 2012 after its passage,
approval and publication as required by law.
PASSED by the City Council this 21st day of November, 2011.
APPROVED by the Mayor the 21St day of November, 2011.
irsten Hytopoulos, Mayor
ATTEST/AUTHENTICATE:
Rosalind D. Lassof- f, City`Clerk
FILED WITH THE CITY CLERK October 20, 2011
PASSED BY THE CITY COUNCIL November 21, 2011
PUBLISHED: December 2, 2011
EFFECTIVE DATE: January 1, 2012
ORDINANCE NO: 2011-16