1978-59 Establishing Amount Due From The City Of Kodiak For Taxes On Personal Property Within The City Limits.0
I R ODYAK`ISLAND BOROUGL
RESOLUTION NO. 78 -59 -R
A RESOLUTION OF THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH
ESTABLISHING AMOUNT DUE 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 exemptions
or exclude property from Borough Taxes that it has as to City
I 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 TAXES MILL RATE
1978 Original Roll $54,905,420.00 $384,337.94 7.00
1978 Supplemental Roll $12,888,154.00 $ 90,217.08 7.00
TOTAL $67,793,574.00 $474,555.02
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 $67,793,574.00 and that the amount due to the
Kodiak Island Borough in lieu of collections of personal property
tax on said property is $474,555.02 plus or minus adjustments,
for a total tax due of $474,555
ig
PASSED AND APPROVED THIS , 5 DAY OF 1_ , 1978.
ATTEST:
By: