HomeMy WebLinkAboutO-2165 - 1998 tax levy (Special)1-e..dJ-7J..Jr
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CITY OF MARYSVILLE
Marysville,Washington
ORDINANCE NO.2-((.,S
An Ordinance of the City of Marysville levying taxes upon all property real,
personal and utility subject to taxation within the corporate limits of the City of
Marysville,Washington for the year 1998.
Whereas the City Council has properly given notice of the public hearing held on
November 24, and December 1, 1997 to consider the City of Marysville General
Fund Budget for the 1998 Calendar year,pursuant to RCW 84.55.120;and
Whereas the City Council,after hearing, and after duly considering all relevant
evidence and testimony presented, has determined that the City of Marysville
requires an increase in property tax revenue from the previous year, 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 of Marysville and in its best interest;
NOW,THEREFORE THE CITY COUNCIL OF THE CITY OF MARYSVILLE,WASHINGTON DO
ORDAIN AS FOLLOWS:
Section 1. For the year 1998, an increase in the regular property levy, in addition to any
amount resulting from the addition of new construction and improvements to property and
any increase in the value of state-assessed property, is hereby authorized in the amount
of $2,821,836.23, which is a percentage increase of 101.9 percent from the previous year.
Section 2. For the year 1998, the amount of taxes to be levied for Emergency Medical
Services for the City of Marysville is $700,000.00 based on an assessed valuation of
$1,300,000,000.00 which assessment is an estimate, and in any event, the total dollar
amount will not exceed $.50 per $1,000.00 of assessed valuation.
Section 3. For the year 1998, the amount of taxes to be levied for payment of debt service on
the City's Unlimited Tax General Obligation bonds, 1986, which were refunded in 1996, is
$225,000.00
Section 5. The City Clerk is hereby directed to certify the amount necessary to be raised by
taxation as above specified to the Snohomish County Assessor.
PASSED by the City Council and APPROVED by the Mayor this g<:;o)day of December, 1997.
CITY OF MARYSVILLE
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MAYOR
ATTEST:
~~~CITYCLERK
Approved as to form: