HomeMy WebLinkAboutResolution No. 2020-25JC Sponsored by: Administration
K~NAI
CITY OF KENAI
RESOLUTION NO. 2020-25
A RESOLUTION OF THE COUNCIL OF THE CITY OF KENAI, ALASKA FIXING THE RATE OF
LEW OF PROPERTY TAX FOR THE FISCAL YEAR COMMENCING JULY 1, 2020 AND
ENDING JUNE 3 0, 2021 .
WHEREAS, Kenai Municipal Code 7.25.010-Adoption Procedure , requires that the rate of levy
of property tax be set annually not later than the tenth day of June; and,
WHEREAS, the Council has adopted the "City of Kenai 2021 Annual Budget," which estimates
property tax revenue based upon a tax rate of 4 .35 mills.
NOW, THEREFORE , BE IT RESOLVED BY THE COUNCIL OF THE CITY OF KENAI , ALASKA:
Section 1. That the rate of levy of property tax for the fiscal year commencing July 1, 2020
and ending June 30, 202 1 be fixed at 4.35 mills.
Section 2. That this resolution takes effect immediately upon passage.
PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this 20111 day of May, 2020 .
ATTEST:
Approved by Finance : ~L_._h___ ____ _