ORD 2000-52 GENERAL PROPERTY TAX LEVY FOR 2001ORDINANCE NO. 2000-52
AN ORDINANCE of the City of Bainbridge Island, Washington,
confirming the statement of intent of the City to increase the levy of
general property taxes for the City of Bainbridge Island for the fiscal
year commencing January 1, 2000, at a rate in excess of the increase
in the implicit price deflator.
WHEREAS, the City Council of Bainbridge Island has considered the financial
requirements of the City for 2000 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 has determined that there is a substantial
need to increase the regular property tax resulting the effects of the filing of Initiate 695
on the City's ability to raise bonded debt for purposes already approved in the City's
Capital Facilities Element of its Comprehensive Plan and the cost of that debt when
compared to the anticipated cost of that debt as shown in the Financial Capacity Analysis
which supports the Capital Facilities Element; and
WHEREAS, the City Council of Bainbridge Island after hearing and after duly
considering all relevant evidence and testimony at a public hearing held for this purpose
on October 27, 1997, has determined that the legitimate needs of the City plus the
substantial additional needs cited above require an increase in excess of the implicit price
deflator in the tax levy on real and personal property; and
WHEREAS, in 1998 the City of Bainbridge Island reduced its property tax levy
for collection in 1999 by $109,487 excluding the taxes on newly-built buildings and by
$18,768 overall; and
WHEREAS, the City Council of Bainbridge Island intends to set a levy rate for
property taxes to be collected in 2000 of approximately $1.75 per $1,000 of assessed
valuation; and
WHEREAS, the Office of Financial Management of the State of Washington has
estimated the population of the City of Bainbridge Island as of April 1, 1999, to be
19,840, which total is higher than the 10,000 limit above which a separate declaration of
substantial need to approve a tax increase is required by Referendum 47; now, therefore
THE CITY COUNCIL OF THE CITY OF BAINBRIDGE ISLAND, DOES
ORDAIN AS FOLLOWS:
~~
Se Y . An increase in the regular property tax levy, including the increase
resulting from the addition of new construction and improvements to property and any
increase of state-assessed property, is authorized for the 19991evy for collection in 2000
in the amount of $4,032,784 which is a percentage increase of 27.09 percent from the
previous year plus an increase equal to the amount allowed under the new construction
provisions of RCW 84.55.010.
Section 2. This ordinance has been passed by at least a majority of the City
Council plus one vote.
Section 3. This ordinance shall take effect and be in force on and after
on and after five days from its passage, approval and publication as required by law.
PASSED by the City Council this 215` day of November, 2000.
APPROVED by the Mayor the 22"d day of November, 2000 .
D GHT SUTTON, Mayor
ATTEST/AUTHENTICATE:
USAN P. KASPER, 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 2000-52
November 17, 2000
November 21, 2000
November 29, 2000
December 4, 2000