Ordinance 2486-00 - Laserfiche WebLink

and interest(Fund 210 Program 239 as refunded under Ordinance 1987-94 passed January 19, 1994, which amount when taken with the 1988 bond fund payment equals $815,991); and WHEREAS,the City of Everett will be required to pay the sum of$644,011 during the year 2001 upon its General Obligation 1988 Senior Housing/Center Bonds for payment of principal and interest(Fund 210, Program 239 as refunded under Ordinance 1987-94 passed January 19, 1994, which amount when taken with the 1982 bond fund payment equals $815,991); and WHEREAS, The City of Everett property tax assessed for collection in the year 2000 to pay the annual debt service for General Obligation 1982 Housing Authority Bonds and 1988 Senior Housing/Center Bonds was reduced by $23,626 as the result of a decrease in assessed valuation and a tax payer refund, which created a deficit in the annual debt service account; and WHEREAS, Washington Constitution Article 7 § 2, Title 84 RCW, allow the City to levy an amount in excess of constitutional and statutory limits for the purpose of preventing such impairment of the obligation of its bond contracts for its General Obligation 1982 Housing Authority Bonds and 1988 Senior Housing/Center Bonds; NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF EVERETT DOES ORDAIN: Section 1: That there be, and hereby is, levied upon real and personal property in the City of Everett, subject to taxation thereon, a general property tax for municipal purposes for the ensuing year commencing on January 1, 2001, as follows: REGULAR PROPERTY TAX LEVY (including Library Levy Lid Lift) The Everett City Council hereby sets the property tax levy for collection in the year 2001 at$25,861,364 (which includes no increase in dollar amount and no increase in percentage amount over the amount of taxes lawfully levied by the City in 2000), plus any additional dollar amount lawfully available as a result of an increase in assessed value for annexation, new construction, improvements to property, and state-assessed property, plus any amount associated with a refund levy. This levy reflects an amount that includes both the regular property tax levy and a provision for the Library Levy Lid Lift as calculated by the Snohomish County Assessor in accordance with Ch. 84.55 RCW and Ch. 17, laws 1991, 1st Ex. Sess., at $28,433,369, which the Assessor will adjust to conform with the statutory limit of$3.60 per$1,000 of assessed value,thereby reducing the allowable tax levy for the year 2001 from $28,433,369 to $25,861,364. EMERGENCY MEDICAL SERVICES The Everett City Council hereby authorizes a property tax levy for collection in 2001 at$3,591,856, which includes a $502,860 increase in dollar amount and 16.28 percent over the prior year due to a voter-approved levy increase from 43