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WHEREAS,the City of Everett will be required to pay the sum of$464,072 during the year
<br /> 2008 upon its General Obligation 1988 Senior Housing/Center Bonds for payment of
<br /> principal and interest(Fund 210, Program 239 as refunded under Ordinance 1987-94 passed
<br /> January 19, 1994, which amount when taken with the 1982 bond fund payment equals
<br /> $588,000);
<br /> NOW, THEREFORE, THE CITY OF EVERETT DOES ORDAIN:
<br /> Section 1: That there be, and hereby is, levied upon real and personal property in the City
<br /> of Everett, subject to taxation thereon, a general property tax for municipal
<br /> purposes for the ensuing year commencing on January 1, 2008, as follows:
<br /> REGULAR PROPERTY TAX LEVY
<br /> The Everett City Council hereby authorizes the property tax levy for collection
<br /> in the year 2008 at $30,107,912 (including a $298,098 increase in dollar amount,
<br /> which is a 1% increase over the amount of taxes lawfully levied by the City in
<br /> 2007), plus an estimated $750,000 from new construction, improvements to
<br /> property, annexations, and changes in state-assessed property, and $200,000
<br /> resulting from a refund levy, for a total of$31,057,912.
<br /> EMERGENCY MEDICAL SERVICES
<br /> The Everett City Council hereby authorizes a property tax levy for collection in
<br /> 2008 at$4,181,648 (including a$41,402 increase in dollar amount, which is a
<br /> 1%increase over the amount of taxes lawfully levied by the City in 2007), plus
<br /> an estimated $100,000 from new construction, improvements to property,
<br /> annexations, and changes in state-assessed property, and $28,000 from a refund
<br /> levy, for a total of$4,309,648.
<br /> GENERAL OBLIGATION 1982 HOUSING AUTHORITY BONDS
<br /> Principal and interest—2008 $123,928
<br /> GENERAL OBLIGATION 1988 SENIOR HOUSING/CENTER BONDS
<br /> Principal and interest—2008 $464,072
<br /> Section 2: That the City Clerk be, and hereby is, directed to certify to the County Assessor
<br /> a copy of this ordinance in order that the same be extended upon the general
<br /> assessment roll of said County, in the same manner and at the same time that the
<br /> levy for the State and County taxes is extended.
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