1977-55 Establishing Amount Due From The City Of Kodiak For Taxes On Personal Property Within The City Limits.A RESOLUTION OF THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH ESTABLI'H-
ING AMOUNT DUE FROM THE CITY OF KODIAK FOR TAXES ON PERSONAL PROPERTY WITHI
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 he
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 ined
annually by the Assembly without weighted voting, and
WHEREAS, it appears from the records and files of the Kodiak Isla
Borough Assessor that the following are the totals for valuation and tax fo
personal property inside the City for which the Borough should receive paym-n
in lieu of taxes:
Valuation Tax Mill Rate
1977 Original Roll $ 48,399,310.00 $ 349,927.01 7.23
1977 Supplemental Roll $ 5,950,340.00 $ 43,020.32 7.23
TOTAL $ 54,349,650.00 $ 392,947.33
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 $54,349,650.00
and that the amount due to the Kodiak Island Borough in lieu of collections •f
personal property tax on said property is $392,947.33 plus or minus adjustme ts,
for a total tax due of $392,947.33.
PASSED AND APPROVED THIS s.4. DAY OF , 197
ATTEST:
KODIAK ISLAND BOROUGH
RESOLUTION NO. 77 -55 -R
By:
By:
GH MAYOR
PRESIDING OFFICER