ORD NO. 2016-20 RELATING TO THE LEVY OF PROPERTY TAXES FOR COLLECTION IN 2017ORDINANCE NO. 2016-20
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, 2017, 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 usual
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 2017 as set forth in the City Manager's Proposed 2017-2018
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 7, 2016, to consider the City's revenue sources for the City's 2017
General Fund budget; and
WHEREAS, the previous year's actual levy was $7,125,450; 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 0.68612 percent of the amount
levied for collection in 2017 as authorized by chapter 84.55 RCW (see, e.g., 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
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 2017 will be $604,050;
now, therefore,
THE CITY COUNCIL OF THE CITY OF BAINBRIDGE ISLAND, DOES
ORDAIN AS FOLLOWS:
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Section 1. The 2016 regular property tax levy for collection in 2017 is declared to
be the previous year's levy of $7,125,450 plus an increase of $48,889, which is an
increase of 0.68612 percent, plus an increase equal to the amount allowed under the new
construction provisions of RCW 84.55.010 ($117,600) and any increase in the value of
state -assessed property, and any additional amounts resulting from any refunds made
($20,178). The total is $7,312,117.
Section 2. In addition to the City's regular property tax levy described in Section
1 above, there is levied for collection in 2017, upon all property, both real and personal
within the City and within the area subject to taxation, a voter -approved special levy
property tax to pay the debt service on the City's 2004 Unlimited Tax General Obligation
Bonds which were refunded in 2013. The special levy to pay the 2017 debt service on the
refunded debt service amount is $604,050.
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, 2017, after its passage,
approval and publication as required by law.
PASSED by the City Council this 7th day of November, 2016.
APPROVED by the Mayor this 7th day of November, 2016.
ATTEST/AUTHENTICATE:
Rosalind D. Lassoff, City Clerk
FILED WITH THE CITY CLERK September 22, 2016
PASSED BY THE CITY COUNCIL November 7, 2016
PUBLISHED: November 11, 2016
EFFECTIVE DATE: January 1, 2017
ORDINANCE NO: 2016-20
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