1988-73 Establishing Amount Due to/from the City for Taxes on Personal Property Within the City Limits.A RESOLUTION ESTABLISHING AMOUNT DUE TO /FROM
THE CITY OF KODIAK FOR TAXES ON PERSONAL PROPERTY
WITHIN THE CITY LIMITS
WHEREAS, Section 29.45.030 Alaska Statutues provides that a home
rule city shall have the same power to grant exceptions 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 deter -
I mined annually by the borough assembly without weighted voting; and
WHEREAS, the records and files of the Kodiak Island Borough indicate
that the following are the totals for valuation and tax for personal property
inside the city of Kodiak for which the Kodiak Island Borough should receive
payment in lieu of taxes:
a il
ROLL
KODIAK ISLAND BOROUGH
RESOLUTION NO. 88 -73 -R
B Mayor Selby
Drafted by: Finance Director
Introduced: 11/03/88
Adopted: 11/03/88
TAX AT BOATS TOTAL
VALUATION 4.50 MILLS $15 TAXES
(Original $30,726,023 $138,266.41 $3,450 $141,716.41
Supplemental 4,055,465 18,249.45 3,885 22,134.45
TOTALS
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
$34,781,488 and the amount due to the Kodiak Island Borough in lieu of
1 collections of personal property tax on said property is $156,515.86 plus boat
I tax of $7,335 for a total of $163,850.86.
BE IT FURTHER RESOLVED that the Kodiak Island Borough has (or will)
I l lcollect the following taxes for the city:
Original Roll $462,291.15
Supplemental Roll 1,486.26
iAmount to be remitted is $463,777.41.
PASSED AND APPROVED THIS 3rd DAY OF NOVEMBER, 1988.
Borqis . ark
Resolution No. 88 -73 -R
34,781,488 156,515.86 7,335 163,850.86
$463,777.41
KODIAK ISLAND BOROUGH
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R /�d�
ugh Mayor
P iding Officer