982 AdValorem AmendmentCITY OF YELM
ORDINANCE NO. 982
AN ORDINANCE OF THE CITY OF YELM AMENDING ORDINANCE 980
(11/12/13), SETTING THE AMOUNT FIXED AS AD VALOREM FOR THE
REGULAR LEVY OF PROPERTY TAX NECESSARY TO RAISE
REVENUES FOR ESSENTIAL EXPENDITURES FOR THE CITY OF YELM
FOR THE FISCAL YEAR 2014 BY ADDING THE RCW REQUIREMENT TO
RECORD THE ACTUAL LEVY AMOUNT AND PERCENTAGE INCREASE
FROM THE PREVIOUS YEAR.
WHEREAS, the City Council of the City of Yelm met and considered its budget
for the calendar year 2014; and
WHEREAS, a duly advertised public hearing to consider the 2013 regular
property tax levy rate was held as part of the regular city council meeting on
Tuesday, November 12, 2013; and
WHEREAS the ordinance shall specifically state for each year the dollar
increase and percentage change in the levy from the previous year.
NOW THEREFORE, the City Council of the City of Yelm do ordain as follows:
Section 1. The Yelm City Council determined that the City of Yelm
requires a regular levy in the amount of $1,048,319.74 in order
to discharge the expected expenses and obligations of the city.
This amount is derived using the state - assessed property
values, and amounts resulting from the addition of new
construction improvements to property and includes a
councilmanic reduction of 1 % from amounts authorized by law.
Section 2. State Assessed Utility Value reported at $15,056,968. As required
by RCW 84.55.120 to report, The City of Yelm actual levy amount
from the previous year was $957,068.70. The dollar amount of the
increase over the actual levy amount from the previous year shall
be $91,251.04, which is a percentage increase of 9.53445 %. This
increase is exclusive of additional revenue resulting from new
construction improvements to property, any increase in the value
of state assessed property, any annexations that have occurred
and refunds made.
Section 3. A Certified Budget request or estimate is filed with the County
Legislative Authority, separate from this ordinance. As required by
RCW 84.52.020, that filing certifies the total amount to be levied
by the regular property tax levy on the Department of Revenue
provided form for this purpose, REV 64 0100, "Levy
Certification ". Certification is made in a manner prescribed by the
County Legislative Authority.
Ord 982, 2013 Page 1 of 2
Section 4. Effective Date: This ordinance shall become effective five days
following passage, approval and publication as provided by law.
Section 5. Severability. If any section, subsection, paragraph, sentence,
clause, or phrase of this ordinance is declared unconstitutional
or invalid for any reason, such decision shall not affect the
validity of the remaining portion of this ordinance.
ADOPTED this 26th day of November, 2013.
-7
on Har ing, Mayor
Foster
Councilme ber
Bob Isom
Councilmember
Authenticated:
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nine Schnepf, City Cle
IQ ike McGowan
Councilmember
Li aov�
Tracey Woo
Councilmember
L__- 9 L
Ken Garman
Councilmember
Russ Hendrickson
Councilmember
PASSED AND APPROVED; November 26, 2013
PUBLISHED: Nisqually Valley News, December 6, 2013
Ord 982, 2013
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