1988-73 Establishing Amount Due to/from the City for Taxes on Personal Property Within the City LimitsBy; Mayor Selby
Drafted by: Finance Director
Introduced: 11/03/88
Adopted: 11/03/88
KODIAK ISLAND BOROUGH
RESOLUTION NO. 88-73-R
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
for 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 -
'mined annually by the borough assembly without weighted voting; and
IWHEREAS, the records and files of the Kodiak island Borough indicate
ithat 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
loayment in lieu of taxes:
NOW, THEREFORE, BE IT RESOLVED by the Kodiak island Borough
Assembly that it be and it is hereby determined that the total value of
PQ 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
collections of personal property tax on said property is $156,515.86 plus boat
tax of $7,335 for a total of $163,850.86.
BE IT FURTHER RESOLVED that the Kodiak Island Borough has (or will)
(collect the following taxes for the city:
Original Roll $462,291.15
Supplemental Roll 1,486.26
$463,777.41
Amount to be remitted is $463,777.41.
PASSED AND APPROVED THIS 3rd DAY OF NOVEMBER, 1988.
KODIAK ISLAND BOROUGH
4ug—hKay—or'i'
P iding Officer
ATTEST:
li
Resolution No. 88-73-R
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TAX AT
BOATS
TOTAL
ROLL
VALUATION
4.50 MILLS
$15
TAXES
Driginal
$30,726,023
$138,266.41
$3,450
$141,716.41
22,134.45
Supplemental
4,055,465
18,249.45
3,885
TOTALS
34,781,488
156,515.86
7,335
163,850.86
NOW, THEREFORE, BE IT RESOLVED by the Kodiak island Borough
Assembly that it be and it is hereby determined that the total value of
PQ 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
collections of personal property tax on said property is $156,515.86 plus boat
tax of $7,335 for a total of $163,850.86.
BE IT FURTHER RESOLVED that the Kodiak Island Borough has (or will)
(collect the following taxes for the city:
Original Roll $462,291.15
Supplemental Roll 1,486.26
$463,777.41
Amount to be remitted is $463,777.41.
PASSED AND APPROVED THIS 3rd DAY OF NOVEMBER, 1988.
KODIAK ISLAND BOROUGH
4ug—hKay—or'i'
P iding Officer
ATTEST:
li
Resolution No. 88-73-R
-- 1 „s 1