1987-67 Establishing Amount Due to/from the City of Kodiak for Taxes on Personal Property Within the City Limits.A RESOLUTION OF THE KODIAK ISLAND BOROUGH ASSEMBLY ESTABLISHING AMOUNT
DUE. TO /FROM THE CITY OF KODIAK FOR TAXES ON PERSONAL PROPERTY WITHIN THE CITY
LIMITS.
WHEREAS, Section 29.53.020 Alaska Statutes provides that a home rule City
shall have the same power to grant exceptions 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 Borough Assembly without weighted voting; and
WHEREAS, the records and files of the Kodiak Island Borough indicate that
the following are the totals for valuation and tax for Personal Property
inside the City of Kodiak for which the Kodiak Island Borough should receive
payment in lieu of taxes:
ROLL
Original $22,198,473 $100,114.16 $3,315 315 $103,429.16
Supplemental
8,307,112 37,464.67 , 41,649.67
TOTALS $30,505,585 $137,578.83 $7,500 $145,078.83
NOW, THEREFORE, BE IT RESOLVED that the Kodiak Island Borough
Assembly, that it be and it is hereby determined that the total value of
Personal Property in the City subject to taxation as above stated is
$30,505,585 and the amount due to the KODIAK ISLAND BOROUGH is lieu of
collections of Personal Property tax on said property is $137,578.83 plus Boat
tax of $7,500 for a total of 5145,078.83.
BE IT FURTHER RESOLVED that the Kodiak Island Borough has (or will)
'I collect the following taxes for the City:
Original Roll $440,977.51
Supplemental Roll
5441,428.99
Amount to be remitted is $441,428.99.
PASSED AND APPROVED this 5th day of November, 1987 by the Kodiak Island
werongh Assembly.
ATTE$T:
� .(Q
; &Well -Clerk
KODIAK ISLAND BOROUC
RESOLUTION NO. 87 -67-
TAX AT BOATS TOTAL
VALUATION 4.51 MILLS $15 TAXES
e.-- -. ^MC IG10.4,
KODIAK ISLAND BOROUGH
Ec
By •
t rough Z/7
iding Officer
By
