1970-25 Establishing Pilot Payment Due From City Of Kodiak To Borough For 1970 Personal Property Taxes.BOROUGH:
A RESOLUTION OF THE BOROUGH ASSEBLY OF THE KODIAK ISLAND
WHEREAS, Section 07.15.320 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,
'AREAS, it appears from the records and files of the Kodiak
Island Borough Assessor that the following are the totals for valuation
and tax for personal property inside the City for which the Borough
should receive payment in lieu of taxes:
VALUATION TAX N ILL RATE
1970 Original Roll 12,737,830 63,689.15 ✓ 5.00
1 970 Supplemental Roll 1,278,809 6,394.05 5.
TOTALS: 14,01.6,639 70,063.20
Less Adjustments made
to 1969 Supplemental:
(affects only amount ( 61,887 ) - 401.64 6.49
due and not valuation)
Which totals include all applicable adjustments to date through
Adjustment Number P -7I -1.L+.
KODIAK ISLAND BOROUGH
RESOLUTION NUMBER 70 -25 -R
Page One, RESOLUTION ::C. -25-R
69,681.56
NOW, TTHEFErvRE, BE Ii RESOLVED by the Kodiak Island 3croug^.
Assembly that it be and it is hereby determined that the total val .:e
of personal property in the City subject to taxation as above stated
is $14,016, and that the amount due the Kodiak Island Borough in
lieu of collections of personal property tax on said property 'less
the Adjustments as aforementioned on the 1969 Supplemental Tax Poll
is $69,681.56.
PASSED AND APPROVED this 45 F day of 47 - 1970.
ATTEST:
Page Toro, RESOLUTION NO. 70 -
KODIAK ISLAND BOROUGH
BY :i -
Chairman
s-
Presiding Office/4