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Ordinance No. 12-07 CITY OF TIGARD, OREGON TIGARD CITY COUNCIL ORDINANCE NO. 12- J 2 AN ORDINANCE AMENDING ORDINANCE NO. 2011-07, RETROACTIVELY ESTABLISHING A NEW RATE OF TAXATION FOR CERTAIN ANNEXATION TERRITORY,AND DECLARING AN EMERGENCY. WHEREAS, the Tigard City Council ('Council's adopted Ordinance No. 2011-07 on August 22,2011, effective September 30,2011,annexing certain contiguous real property into the boundaries of the City of Tigard ("City';and WHEREAS, the City annexed such real property pursuant to ORS 222.170(1) referred to as "triple majority"annexation;and WHEREAS, the City initially set property taxation levels for the annexation area at levels consistent with Resolution No. 11-08;and WHEREAS, the Council has since adopted Resolution No. 12-3$, amending Resolution 11-08 to establish additional property tax incentives for voluntary triple majority annexation;and WHEREAS, the provisions of Resolution No. 12-3$apply retroactively to property annexed into the city limits by way of voluntary triple majority annexation approved by Council on or after August 23, 2011;and WHEREAS, the Council desires to extend the incentives established by Resolution No. 12-38 to the property annexed by Ordinance No. 2011-07;and WHEREAS, the County process for printing and delivering property tax statements is already underway for the past assessment year. NOW,THEREFORE,THE CITY OF TIGARD ORDAINS AS FOLLOWS: SECTION 1: Ordinance No. 2011-07 is hereby amended to implement property tax for all of the property annexed by Ordinance No. 2011-07, consistent with Resolution No. 12- �J, at the rate of 0.00 percent until July 1, 2014, and increasing over a three year period at the rate of 33 percent,66 percent,and 100 percent per OAR 150-222.111. SECTION 2: City staff is directed to undertake all necessary measures to implement the property tax rates established in Section 1 of this ordinance, including but not limited to reporting to the Washington County Assessor and direct reimbursement of subject properties'owners,should it be warranted. ORDINANCE NO. 12-_Q_l Page 1 50016367941050—Final Draft-Ordinance Amending River Terrace Tax Rate.d=1DRF/9/2712012 SECTION 3: In an effort to effectuate the changed tax rates imposed by this ordinance, an emergency is declared to exist and this Ordinance shall be in full force and effect upon adoption by the City Council and signature of the Mayor. PASSED: By_Zl/�? vote of all Council members present after being read by number and title only,this 1 N" day of 4Vle, ,2012. .A Carol A. Krager,Deputy City Recorder APPROVED: By Tigard City Council this _day of ��- ,2012. raig Dirksen,Mayor App oved as to form: Attorney Lv � 2 � � Date ORDINANCE NO. 12-_Q_,7 Page 2 500/4-36794FiwI Draft-Ordinance AmendingPoverTerraceTaxRate.docxlDRF/9'27/20!1