1971-37 Setting The Valuation On Personal Property Inside The City Of Kodiak.BOROUGH:
ATTEST:
KODIAK ISLAND BOROUGH
RESOLUTION NUMBER 71 -37 -R
A RESOLUTION OF THE BOROUGH ASSEMBLY OF THE KODLAK 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,
WHEREAS, 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 MILL RATE
1971 Original Roll 16,120,430 78,667.70 4.88
1971 Supplemental Roll 1,706,710 8.328.74 4.88
TOTALS: 17,827,140 86,996.44
NOW, THEREFORE, BE IT RESOLVED by 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
$17,827,140 and that the amount due the Kodiak Island Borough in lieu of
collections of personal property tax on said property is $86,996.44.
PASSED AND APPROVED this ., '-1 day of December, 1971.
KODIAKK ISLAND BOROUGH
by: J AJ∎ Qvtl"`++ \
Borough Chairman
by: I L
Presiding Offic