ORD NO. 2018-40 RELATING TO THE LEVY OF PROPERTY TAXES FOR COLLECTION IN 2019ORDINANCE NO. 2018-40
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, 2019, 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 2019 as set forth in the City Manager's 2019 Budget Modifications,
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 properly provided notice of and conducted the public
hearing held on November 13, 2018, to consider the City's revenue sources for the City's 2019
General Fund budget; and
WHEREAS, the previous year's actual levy was $7,500,402; and
WHEREAS, the City Council, after hearing and duly considering all relevant
information and testimony presented, has determined that the City requires an increase in
property tax revenue from the previous year equal to 0.61768 percent of the amount levied for
collection in 2019 as authorized by chapter 84.55 RCW (see, e.g., RCW 84.55.005, RCW
84.55.010), 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 2019 will be $610,400.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF BAINBRIDGE
ISLAND, DOES ORDAIN AS FOLLOWS:
Section 1. The 2018 regular property tax levy for collection in 2019 is declared to be the
previous year's levy of $7,500,402 plus an increase of $46,327, which is an increase of 0.61768
percent, plus an increase equal to the amount allowed under the new construction provisions of
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RCW 84.55.010 ($96,953) and any increase in the value of state -assessed property, any
additional amounts resulting from any refunds made ($5,853), and an amount resulting from the
increase in utilities ($2,766). The total is $7,652,301.
Section 2. In addition to the City's regular property tax levy described in Section 1
above, there is levied for collection in 2019, 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 2019 debt service on the refunded debt service amount is
$610,400.
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, 2019, after its passage, approval
and publication as required by law.
PASSED by the City Council this 27th day of November, 2018.
APPROVED by the Mayor this 27th day of November, 2018.
ATTEST/AUTHENTICATE:
FILED WITH THE CITY CLERK
PASSED BY THE CITY COUNCIL
PUBLISHED:
EFFECTIVE DATE:
ORDINANCE NO:
Kol Medina, Mayor
October 19, 2018
November 27, 2018
November 30, 2018
January 1, 2019
2018-40
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