HomeMy WebLinkAboutORDINANCE 0501-1979.....
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CITY OF KENAI
ORDINANCE Nu 501-19
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AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA PROVIDING FOR AN
;a0tiISORY REFERENDUM FOR THE FUTURE USE OF ONE (1) PERCENT SALES TAX NOW
DEDICATED TO CAPITAL IMPROVEMENTS.
WHEREAS, The City Council has dedicated a one percent sales tax levy to be used
to finance capital improvements, and
WHEREAS, the City in obtaining some 300 plus acres of valuable ]and is
committed to selling same, and
WHEREAS, the proceeds of such sale are to be dedicated for capital improvements,
and, therefore, the one percent sales tax is no longer needed for capital
improvements, and
WHEREAS, there is a question as to the future of that one percent sales in that
should the proceeds of that one percent sales tax be used to stabilize and
reduce the property tax mill levy or should the one percent sales tax dedicated
to capital improvements be abolished.
NOW, THEREFORE, BE IT ORD?~xi~EO BY THE COUNCIL OF THE CITY OF KENAI, ALASKA
as follows:
SECTION (1) The Council hereby deems that an advisory referendum be held
on the proposition as set out in Section (2) hereunder be
referred to the electorate of the City of Kenai at the regular
general election to be held October 1979.
SECTION (2) That the following proposition should be submitted to the
qualified voters of the City of Kenai at the next regular election
in substantially the same form as set out hereafter:
PROPOSITION
SHALL THE ONE PERCENT SALES TAX NOW DEDICATED TO CAPITAL
IMPROVEMENTS BE ABOLISHED OR USED TO PROVIDE FOR TAX RATE
STABILIZATION AND REDUCTION OF THE MIU.RATE.
SECTION (3) The issue shal] be voted on as follows:
A Abolish one percent sales tax now dedicated to capital
improvements
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B Use one percent sales tax now dedicated to captal improvements
to stabilize and reduce the property tax millrate
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ORDINANCE NO 501-79 - pale 2
PASSED BY THE COUNCIL OF THE CITY OF KENA1, ALASKA this 20th day of June 1979.
INCii- (E T-0 REILLY, MRYOk
ATTEST FIRST READING: June 6, 1979
SECOND READING: June 20, 1979
EFFECTIVE DATE: July 20, 1979
Sue C eter, C ty er
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