HomeMy WebLinkAboutRESOLUTION 1987-251--
Suggested By:
CZ~ O~ I~NAZ
P~SOLU~ZON 87-25
City Council
A RESOLUTION OF THE COUNCIL OF THE CITY OF KENAI, ALASKA, FIXING
THE RATE OF LEVY OF PROPERTY TAX FOR THE FISCAL YEAR COMMENCING
JULY 1, 1987 AND ENDING JUNE 30, 1988.
WHEREAS, the Code of the City of Kenai 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 1987-88
Annual Budget," which estimates property tax revenue based upon a
tax rate oi 2.7 mills; and,
~EREAS, property taxes generated by this 2.7 mill levy a~ount to
approximately $810,000, which represents about fourteen percent
(14%) of the General Fund Budget.
NOW THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
KENAI, ALASKA, that the rate of levy of property tax for the
fiscal year commencing July 1, 1987 and ending June 30, 1988 be
fixed at 2.7 mills.
PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, that third
day of June, 1987.
OHNylLLIAMS, MAYOR
ATTEST:
~fet-Whelan, City Clerk
Approved by Finance: eg~
(5/13/87)