1975-06 Establishing Amount Due From The City Of Kodiak For Taxes On Personal Property Within The City Limits.7
KODIAK ISLAND BOROUGH
RESOLUTION NUMBER 75 -6 -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 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:
1974
MILL
VALUATION TAX RATE
1974 Original Roll $ 21,551,509 $126,291.84 5.86
1974 Supplemental Roll 13,529,315 79,281.79 5.86
Less Adjustments Prior Period 244.00
Plus Adjustments Prior Period 634.24
TOTAL
ATTEST: /71/7
Cf
s� {
Borough Clerk
35,080,824 $205,963.87
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 $35,080,824.00 and that the amount due
to the Kodiak Island Borough in lieu of collections of personal
property tax on said property is $205,573.63 plus or minus adjust-
ments, for a total tax due of $205,963.87.
PASSED AND APPROVED THIS 17th DAY OF APRIL 1975.
KODIAK IS AND BOROUGH
Acting Ma
BY: �.!
Deputy Presiding Offi'er