HomeMy WebLinkAboutORDINANCE 0304-1976CITY OF KI",NAI
ORDINANCE NO, 304?/6
AN ORDINANCE OF TIlE COUNCIL OF THE CITY OF KENAI, ALASKA, REGULATING
THB USE OF TIIE PROCEEDS OF THE 1% SALES TAX LEVIED FOR RETIRE~/IENT OF
PRIOR YEAII DEFICITS.
WIiEREAS, a 1% sales tax was levied by Ordinance No. 306-75 'for the purpose of
retirement of prior year deficits and meeting cash restriction requirements; and
WHEI1EAS, it .is the intent that the proceeds of such {rix be used solely for the
purpose for which it was levied and not used for some other purpose in an
omei'gency situation; and
WHEREAS, it is the desire of the Council that any other' use of such p~'oeeeds be
mado by greater than a majority of the Council in a non-emergency context.
NOW, THEREFORE, be it ordained by the Council of the City of Konai, Alaska, as
follows:
Section I. Use of the proceeds of the 1% sales tax levied by
Ordinance 305-75 for the retirement of prior year deficits and meet!~!g
cash ~,estrietion requirements i'or any other purpose may be made only
after oppoliunity for public hearing on such other use has been afforded
and five members of the Council have voted in favor of such other use at
a regular meeting.
~eoilon 2. This ordinance may be amended or repealed only by non-
emergency ordinance.
PASSED this
day of Augu~, lg?$.
ATTEST:
JAMES A, ELSON, I~IAYOR
~ue C. Peter, City Clerk
l~mST READING: //,//-'1/~ ~r' ~? ~/./~, ....
SRCOND READING:. ~ ....
]~PFBCTIVE DATE: ,'/,.t'.o./ ~/ ~.J