Drafter
Clerk 10/25/2010
Title
AN ORDINANCE related to the King County unincorporated/roads levy and authorizing the King County executive to execute an interlocal levy agreement with the King County Flood Control District and multiple fire protection districts to provide levy capacity.
Body
STATEMENT OF FACTS:
1. Under chapter 84.52 RCW, the combined rate of regular property tax levies of taxing districts, other than the state, shall not exceed $5.90 per $1,000.00 of assessed valuation.
2. King County is divided into levy codes, many of which are expected to exceed the combined tax levy rate of $5.90 for the 2010 tax levy year for collection in 2011.
3. Chapter 84.52 RCW establishes priority levels for reducing or eliminating the tax levy rates of taxing districts in the event that the combined tax levy rate is exceeded.
4. The King County Flood Control District ("the flood control district") is at the lowest priority level for the levy codes that may exceed the combined tax levy rate.
5. If the combined tax levy rate is reached in any levy code, the flood control district's tax levy will be eliminated or reduced throughout the county.
6. The King County unincorporated/roads levy is assessed throughout unincorporated King County.
7. Chapter 39.67 RCW authorizes the flood control district to enter into an agreement with a taxing district, so that if the combined tax levy rate is exceeded in a levy code within the taxing district, the taxing district will lower its tax levy to accommodate the flood control district's tax levy and the flood control district will pay to the taxing district the amount that would have been collected by the taxing district.
8. The board of supervisors of the flood control district has determined that entering into such an agreement with King County is in the best interest of the flood control district and will allow the flood control district to continue its flood control levy programs and projects.
9. The flood control di...
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