RESOLUTION NO. 3764
A RESOLUTION
of the Port Commission of the Port of Seattle specifying the
dollar and percentage change in the regular property levy
from the previous year per RCW 84.55.120; providing for an
increase of the levy from $74,160,000 to
$76,384,800
.
WHEREAS,
the Port of Seattle in the Commission has met and considered its budget
for the calendar year 2020; and
WHEREAS,
the Port of Seattle's Commission, after hearing and duly considering all
relevant evidence and testimony presented in a public hearing held pursuant to RCW 84.55.120, has
determined the Port of Seattle requires a regular levy in the amount of
$76,384,800
, which
represents the levy rate of approximately $0.120 per thousand of assessed value; and
WHEREAS,
the levy amount includes an increase in property tax revenue from the previous
year to discharge the expenses and obligations of the district in its best interest;
NOW, THEREFORE, BE IT RESOLVED
by the Port Commission of the Port of Seattle that a
property tax levy is hereby authorized in the amount of
$76,384,800
, an increase of $2,224,800, a 3.0
percent increase from 2019. Excluding the new construction and refund amount, the increase is
$1,035,306 or 1.4 percent from 2019 for tax filing purposes.
ADOPTED by the Port Commission of the Port of Seattle at a duly noticed meeting held this 19
th
day of November, 2019, and duly authenticated in open session by the signatures of the Commissioners
voting in favor thereof and the seal of the Commission.
Port of Seattle Commissioners
Item No. 7b_reso
Meeting Date: November 19, 2019
