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990 Property Tax Levy 2015CITY OF YELM ORDINANCE NO. 990 (RCW 84.55.120) AN ORDINANCE OF THE CITY OF YELM 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 2015. WHEREAS, the City Council of the City of Yelm met and considered its budget for the calendar year 2015; and WHEREAS, a duly advertised public hearing to consider the 2014 regular property tax levy rate was held as part of the regular city council meeting on Wednesday, November 12, 2014; 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 $1,112,055 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 $16,203,450. As required by RCW 84.55.120 to report, The City of Yelm actual levy amount from the previous year was $1,048,319.74. The dollar amount of the increase over the actual levy amount from the previous year shall be $63,735.26, which is a percentage increase of 6.07975 %. 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. Section 4. Effective Date: This ordinance shall become effective five days following passage, approval and publication as provided by law. Ord 990, 2014 Page 1 of 2 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 12th day of November, 2014 i -2-1 r: Ron Harting, Mayor JW Foster Councilmember /1/4 //1-�- J e aker ncilmember Bob Isom Councilmember Authenticated: Onine Schnepf, City Clerk l Ljovw Tracey Woo Councilmember Ken Garman Councilmember Russ Hendrickson Councilmember PASSED AND APPROVED; November 12, 2014 PUBLISHED: Nisqually Valley News, November 21, 2014 Ord 990, 2014 Page 2 of 2 Department of rke,venue Washi. tan State 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, 1, Janine Schnepf , (Name) Clerk (Title) the Thurston (Name of County) for City of Yelm , do hereby certify to (District Name) County legislative authority that the Yelm City Council (Commissioners, Council, Board, etc.) of said district requests that the following levy amounts be collected in 2015 as provided in the district's (Year of Collection) budget, which was adopted following a public hearing held on 11/12/14 Regular Levy: Excess Levy: Refund Levy: Signature: $1,112,055.00 (State the total dollar amount to be levied) (State the total dollar amount to be levied) (State the total dollar amount to be levied) (Date of Public Hearing) Date: For tax assistance or to request this document in an alternate format, visit hltp:Hdor.wa.gov/content/taxes/prope!!Y/default.aspx or call (360) 534 -1400. Teletype (TTY) users may call (360) 705 -6718. REV 64 0100e (w) (10/12/10)