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HomeMy WebLinkAboutResolution No. 2007-27Suggested by: Administration CITY OF KENAI RESOLUTION NO. 2007-27 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 I, 2007 AND ENDING JUNE 30, 2008. 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 2007-2008 Annual Budget," which estimates property tax revenue based upon a tax rate of 4.5 mills. 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, 2007 and ending June 30, 2008 be fixed at 4.5 mills. PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this sixth day of June, 2007. PAT PORTER, MAYOR ATTEST: i ~~ ~°''~ Carol L. Freas,' City Clerk Approved by Finance: (05/14/2007) hl