1972-49 Setting The Value Of Personal Property In The City Of Kodiak.II
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KODIAK ISLAND BOROUGH
RESOLUTION NUMBER 72-49-R
A RESOLUTION OF THE BOROUGH ASSEMBLY OF THE KODIAK
ISLAND BOROUGH:
WHEREAS, Section 29.53.020 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
1972 Original Roll $ 16,186,952
$ 7 8,992.33
1972 Supplemental Roll
2,720,195 13,274.55
TOTALS: $ 18,907,147
9 2,266.88
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 $18,907,147 and that the amount due the Kodiak
Island Borough in lieu of collections of personal property tax on
said property is $92,266.88.
PASSED AND APPROVED THIS 'JG DAY OF DECEMBER, 1972.
ATTEST:
Acting Borough Clerk- Treasurer
MILL RATE
4.88
4.88
KODIAK ISLAND_ BOROUGH
BY:
Borough Chairmatr--\
BY:
i ' esiding Of icer