1979-59 Establishing Amount Due From The City Of Kodiak For Taxes On Personal Property Within The City Limits.1
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KODIAK ISLAND BOROUGH
RESOLUTION N0. 79 -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 WITH[N THE
C ITY LIMITS.
WHEREAS, Section 29.53.020 Alaska Statutes provides that a home rule
c ity shall have the same power to grant exemptions or exclude property from
B orough Taxes that it has as to City taxes, provided, that the exemptions or
.'e xclusions 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
1979 Original Roll $ 68,797,825.00 $425,170.56 6.18
h 1979 Supplemental Roll $ 37,551,285.00 $232,066.94 6.L8
TOTAL $106,349,110.00 $657,237.50
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 $106,349,110.00
knd that the amount due to the Kdoiak Island Borough in lieu of collections
f personal property tax on said property is $657,237.50 plus or minus
t
8djustments, for a total tax due of $657,237.50.
EST:
PASSES AND APPROVED Tl1IS 28th DAY OF
OROUGH CLERK
BY:
November
BOROUGH MAYOR
, 1979.