HomeMy WebLinkAboutRESOLUTION 1972-22RESOI,UTION 72 - Z2
ADOPTING THE BUAGET fi0R THE FISCAL YEAR OF .JUI.Y 1, 1972 Tf1R0U(~1! JUN}i 30,
1973, AND SETTING THE TAX LEVY.
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 suppurt
said budget;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF KENAI,
ALASKA, THAT:
1. The budget of the City of Kenai attached hereto is hereby adopted,
; effective July 1, 1972 through June 30, 1973.
I 2. That expenditures pursuant to said budget shall not require additional
i authorizati.on other than this resolution unless reconfirmed by sub-
sequent Co1,~nci1 action.
3. That the said budget shall be reviewed as rec{uired during t:1e fiscal
year.
4. That the tax levy for st~pport of said budget is set at 7 mills per
° ~ dollar of assessed valuation of real property and 7 mills per dollar
of assessed valuation of personal 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 7 mills per dollar of assessed valuation of personal property
~ within the corporate limits of the City of Kenai shall be levied sub-
ject to the following exemptions: (a) household goods within limita-
tions established by the Borough and (b) inventories held for resale
in the normal course of business.
6. That the Cxty Manager of the City of Kenai is hereby directed to for-
ward a certified copy of the resolution to the Kenai Peninsula Borough
as formal notification of the mill rate levy to be established for the
City of Kenai for 1972-73.
Passed this .,7/~ day of June, 1972.
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ATTEST:
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n~ onel ; cting City Cler