1977-27 Establishing Amount Due From The City Of Kodiak For Taxes On Personal Property Within The City Limits.KODIAK ISLAND BOROUGH
RESOLUTION NO. 77 -27 -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 tc 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 Mill Rate
1976 Original Roll $34,110,070.00 $246,615.80 7.23
1976 Supplemental Roll 17,524,980.00 126,705.61 7.23
Less Adjustments -0-
Plus Adjustments 6,553.46
TOTAL $51,635,050.00 $379,874,87
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 $51,635,050.00 and that the amount due to the
Kodiak Island Borough in lieu of collections of personal property
tax on said property is $379,874.87 plus or minus adjustments,
for a total tax due of $379,874.87
PASSED AND APPROVED THIS 4Q -DAY OF ��/ 197
ATTEST:
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