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HomeMy WebLinkAbout25-17 RESOLUTION NO. A RESOLUTION of the City Council of the City of Part Angeles,Washington, authorizing an increase in the regular property tax Levy of 1%,or$44,657.37 over the highest lawful levy for 2018. WHEREAS,EAS, pursuant to RCW 35A.33.135, the City Manager is required to provide the City Council with current information on estimates of revenues from all sources, together with estimates submitted by the Chief Financial Officer, for consideration of the City's total anticipated financial requirements for the ensuing fiscal year, and the City Council is required to determine and fiat by ordinance the amount to be levied by ad valorem taxes; and WHEREAS,the City Council has conducted public hearings on expected resources and expenses for 2017 and can the need for an increase in the regular property to levy for ad valorem taxes for the fiscal year 2018; and WHEREAS, the City Council, after such hearings and after duly considering relevant evidence and factors, has determined that in order to discharge the expected expenses and obligations of the City, there is a need for an increase in the regular property tax levy; in addition to any amount resulting from the addition of new construction, improvements to property, annexations, and any increase in the value of state-assessed property and refunds made. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Port Angeles that: Section 1. In addition to any amount resulting from the addition of new construction, improvements to property, annexations, any increase in the value of the state- assessed property, and refunds made, an increase in the regular property tax levy is hereby l II authorized for the levy to be collected in the 2018 tax year, in the amount of I percent, or $44,687.37 over the highest lawful levy for 2017. PASSED by the City Council of the City of Port Angeles at a regular meeting of said Council held on the -:!—day of November, 2017, 41/7 Patrick Downie, Mayor ATTEST: APP VED ASTO F 'J;�-nniferjVeneklasen, City Clerk 11 iam' E. Bloor, City Attorney 2