1967-10 Setting Amount City Of Kodiak Owes For PILOT On Personal PropertyA RESOLUTION OF THE BOROUGH ASSEMBLY OF THE KODIAK ISLAND BOROUGH:
WHEREAS, Section 0 7.15.320, Alaska Statutes, provides that a home-
rule city shall have the same power to grant exemptions or exclude property
from Borough taxes that it has as to city taxes, provided, that the exemptions
or exclusions have been adopted as to city taxes and further provided that
the city appropriate to the Borough sufficient monies to equal revenues lost
by the Borough because of the exemptions or exclusions, the amount to be
determined annually by the Assembly without weighted voting, and,
WHEREAS, it appears from the statement of the KODIAK ISLAND BOROUGH
ASSEMBLY that the assessed valuation of all personal property lying within the
CITY OF KODIAK for the tax year 1966, amounted to EIGHT MILLION NINE HUNDRED
TEN THOUSAND FIVE HUNDRED TWEISTY -FIVE and no /100ths ($ DOLLARS,
and the amount due to the KODIAK ISLAND BOROUGH in lieu of collections of
personal property tax at the rate of 3.84 mills, would be THIRTY FOUR
THOUSAND TWO HUNDRED SIXTEEN and 42 /103ths ($34,216.42) DOLLARS,
NOW, THEREFORE, BE IT RESOLVED by the KODIAK ISLAND BOROUGH ASSEMBLY
that it be and it is hereby determined that the total value of the personal
property in the City subject to taxation for the year 1966, was EIGHT MILLION
NINE HUNDRED TEN THOUSAND FIVE HUNDRED TWENTY -FTVE and No /100ths($8,910,525.00)
DOLLARS, and that the amount due to the KODIAK ISLAND BOROUGH in lieu of
collections of personal property tax on said property at the rate of 3.84
mills is THIRTY —FOUR THOUSAND TWO HUNDRED SIXTEEN and 42 /100ths ($34,216.42)
DOLLARS.
ATTEST:
PASSED AND APPROVED this 2nd day of March, 1967.
KODIAK ISLAND BOROUGH
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KODIAK ISLAND BOROUGH
RESOLUTION ON ER 6 7 -10-R
Chairman
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