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ORD 2008-29 PROPERTY TAX LEVY APPROVEDORDINANCE NO. 2008-29 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, 2009, 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 2009 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 has properly given notice of the public hearing held on November 12; 2008 to consider the City's revenue sources for the City's 2009 General Fund budget; and WHEREAS, the City Council after hearing and duly considering all relevant 1 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 2008 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 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 2009 will be $544,718; now, therefore THE CITY COUNCIL OF THE CITY OF BAINBRIDGE ISLAND, DOES ORDAIN AS FOLLOWS: Section 1. The 2008 regular property tax levy for collection in 2009 is declared to be $6,201,831 (the amount levied in 2007 for collection in 2008) plus an increase of I $62,018 which is an increase of one and no one -hundredths (1.00) percent, plus an 11l increase equal to the amount allowed under the new construction provisions of RCW 84.55.010 ($90,647) and any increase in the value of state -assessed property, and any additional amounts resulting from any refunds made ($27,863). The total is $6,382,359. Section 2. In addition to City's regular property tax levy described in Section 1 above, there is levied for collection in 2009, upon all property, both real and personal within the City and within the area subject to taxation, a voter -approved special levy property tax in the amount of $545,000 to pay the 2009 debt service on the City's 2002 and 2004 Unlimited 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 January 1, 2009. PASSED by the City Council this 12`h day of November, 2008. APPROVED by the Mayor the 17`h day of November, 2008. ypi � " ATTEST/AUTHENTICATE: loXLRA. d --P� • "5ryeN = ROSALIND D. LAS OFF, CMC City Clerk FILED WITH THE CITY CLERK October 10, 2008 PASSED BY THE CITY COUNCIL November 12, 2008 PUBLISHED: November 19, 2008 EFFECTIVE DATE: January 1, 2009 ORDINANCE 2008-29 Department of revenue Levy Certification Submit this document to the county legislative authority on or before November 30 of the year preceding the year in which the levy amounts are to be collected and forward a copy to the assessor. In accordance with RCW 84.52.020, I, Rosalind D. Lassoff (Name) City Clerk for City of Bainbridge Island do hereby certify to (Title) (District Name) the Kitsap County legislative authority that the _ City Council (Name of County) (Commissioners, Council, Board, etc.) of said district requests that the following levy amounts be collected in 2009 as provided in the district's (Year of Collection) budget, which was adopted following a public hearing held on Regular Levy: $6,400,000.00 (State the total dollar amount to be levied) Excess Levy: $544,718.00 (State the total dollar amount to be levied) Signature: �i o,a�z,7i , \7./A— 11/12/2008 (Date of Public Hearing) Date: ttj�2,10% For tax assistance, visithup:Hdor.wa.gov/content/taxes/property/default aspxx or call (360) 570-5900. To inquire about the availability of this document in an alternate format for the visually impaired, please call (360) 705-6715. Teletype (TTY) users may call 1-800-451-7985. REV 64 0100e (w) (7/17/06)