HomeMy WebLinkAboutRESOLUTION 1984-18
____ -- ~
~.
Suggested hy: Mayor Wagoner
CITY OF KENAI
RESOLUTION N0. 84-16
-~
~ A RESOLUTION OF THE COUNCIL OF THE CITY OF KENAI, ALASKA,
PROVIDING FOR THE SUBMISSION TO THE QUALIFIED VOTERS OF THE CITY
OF KENAI AT THE REGULAR ELECTION TO BE HELD IN THE CITY OF KENAI
_ ON OCTOBER 2, 1984, THE QUESTION OF AMENDING THE CHARTER OF THE
CITY OF KENAI, ALASKA, BY RESTRICTING THE PRINCIPAL PROCEEDS OF
SALES OF CERTAIN CITY-OWNED LANDS.
WHEREAS, the City Council desires that principal proceeds from
the sales of City-owned, non-trust lands be segregated in a
special account from which monies may not be spent or appropriated,
and
WHEREAS, the City Council believes that the revenue earned on
such an account will provide a stable source of revenue to the
City, and thereby help provide for stability in the City's tax
levies for many years in the future.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
KENAI, ALASKA, that. the following question ba placed c,i the
ballot of the October 2, 1984 Regular Election to be held in
the City of Kenai, Alaska:
Section 5-17. Proceeds of Land Sales.
The principal proceeds from sales of City-owned,
non-trust lands shall be recorded in a separate City
account. Monies in this account shall be invested and
may not be spent or appropriated for any purpose.
Revenues earned on monies in this account may be used
for any lawful purpose. For this purpose, non-trust
lands are defined as lands owned by the City other than
lands held fn trust by the City under the terms of
conveyance thereof to the City. Proceeds from sales of
lands received on foreclosure for special assessments
or for taxes shall first be reduced by necessary
amoun.s for payments of such assessments, taxes, and
related costs.
PASSED BY THE ,COUNCIL OF THE CITY OF KENAI, ALASKA, this 7th day
of March, 1984.
WAGONER, M R
AT TE T:
T„/~
et Whelan, City Clerk
i