HomeMy WebLinkAboutRESOLUTION 1970-14I~ - ,~~.~~._~ .
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C ITY OF KEN11i
RESOLUI'ION NUMBER 70-14
ADOPTING THE P,UDGET FOR THE FISCAL YEAR OF JULY 1, 1970, THRO'JGII JUNE 30, 1971,
AND SETTING T!iE 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 operati.on of
the City of Kenai; and
WHEREAS, it is necessary to advise the Borouyl-. of the levy to be made against
real and personal property for the collection of taxes to support 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, 1970, through June 3U, 1971.
2. That expenditures pursuant to said budqet shall not require additional
authorization other than this Resolution unless reconffrmed by sub-
sequent Council action.
3. That the said budget shall be reviewed as required during the fiscal
year.
4. That the tax levy for suppart of said budget fs set at 8 mills p~r
dollar of assessed valuatfon of real property and S mills per dollar
of asscessed 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 purp~ses.
5. That the 6 mills per dollar of assessed valuation of personal property
withfn the corporate lfmits of the City of Kenai shall be levied aub-
ject to the followinq exemptions: (a) household goods within limitations
established by the Borough, (b? inventories held for resale in the normal
course of business~ ~nd , (c)~ a12 ~Oer~or~~ =~s-op~r.~y--,i~:~o~ss..-,~,,,~~pp,~~,pp _~.~
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6. That the Cfty Manager of the City of Kenai is hereby directed to forward
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~ CITY OF KENA!
RESOLUTION NUMBER 70-I4
a certi~ied 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 1970-71.
Passed this of Jtxne, 1970.
Attest:
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Frances Torkilsen, City Clerk
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