2004/10/20 Council Agenda Packet

7-- WHEREAS,the City of Everett will be required to pay the sum of$457,959 during the year 2005 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 $580,255); NOW, THEREFORE,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, 2005, as follows: REGULAR PROPERTY TAX LEVY The Everett City Council hereby authorizes the property tax levy for collection in the year 2005 at$27,706,013 (which includes a one percent increase in dollar amount over the amount of taxes lawfully levied by the City in 2004),plus an estimated$500,000 from new construction, improvements to property, changes in state-assessed property, and$125,000 resulting from a refund levy. EMERGENCY MEDICAL SERVICES The Everett City Council hereby authorizes a property tax levy for collection in 2005 at$3,848,055 (which includes a one percent increase in dollar amount over the amount of taxes lawfully levied by the City in 2004),plus an estimated $75,000 from new construction, improvements to property, and changes in state- assessed property, and$25,000 from a refund levy. GENERAL OBLIGATION 1982 HOUSING AUTHORITY BONDS Principal and interest—2005 $122,296 GENERAL OBLIGATION 1988 SENIOR HOUSING/CENTER BONDS Principal and interest—2005 $457,959 Section 2: That the City Clerk be, and hereby is, directed to certify to the County Assessor a copy of this ordinance in order that the same be extended upon the general assessment roll of said County,in the same manner and at.the same time that the levy for the State and County taxes is extended. 33