HomeMy WebLinkAboutORDINANCE 0225-1973t^"~rY OF KENAI -Ordinance 225-73
ADOPTING THE BUDGET FOR FISCAL YEAR OF JULY 1, 1973, THROUGH
JUNE 30, 1974, AND SETTING THE TAX LEVY FOR THE CITY OF KENAI
AND DECLARING AN EMERGENCY.
WHEREAS, it is the requirement of the Charter of the City of Kenai, Alaska,
that the City Council of the City of Kenai annually set a budget for the
operation of the City of Kenai, and;
WHEREAS, it is necessary to advise the Borough of the levy to be made
against real and personal property for the collection of taxes to support
said budget;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF KENAI, ALASKA THAT: ~_'-1'-
~ °'r,~
1. The budget,~of the City of Kenai attached hereto is hereby adopted,
effective July 1, 1973 through June 30, 1974.
2. That expenditures pursuant to said budget shall require prior authorization
by City Council for expenditures in excess of $500.00 with the exception
of payroll checks.
3. That the said budget shalt be reviewed as required during the fiscal year.
4. That the tax levy for support o said budget is set ai~U.S~, mills per dollar
of assessed valuation of.p~sonat property within the corporate limits of the
City of Kenai, and that said mill rate is to be obligated for general municipal
purposes.
5. That the/f~~rfiills per dollar of assessed valuation of personal property
within the corporate limits of the City of Kenai shall be Levied subject to
the following exemptions: (a) household goods within Limitations established
by the Borough and (b) inventories held for resale in the normal course of
business.
6. That the City Manager of the City of Kenai is hereby directed to forward a
certified copy of the ordinance to the Kenai Peninsula Borough as format
notification of the mill rate levy to be established for the City of Kenai for
1973-74.
7. An emergency is hereby declared to exist and the rules governing the
introduction, reading, passage and approval of this ordinance are herei~y ,~ ~ c
suspended and this ordinance shall be effective on the day of ~n`~ ;;
Junc:, 1973. O~n~
_ Passed this ~_ day of June, 1973.
/ ~ L
ohn F. Steinbeck, Mayor
- ATTEST:
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CY7 ~C-~~c/ ~~v~.
Sharon Sterling, City Clerk
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