HomeMy WebLinkAboutResolution No. 2012-28ty °f
KENAI. ALASKA
Suggested by: Administration
CITY OF KENAI
RESOLUTION NO. 2012 -28
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,
2012 . AND ENDING JUNE 30, 2013.
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 2013 Annual Budget," which
estimates property tax revenue based upon a tax rate of 3.85 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,
2012 and ending June 30, 2013 be fixed at 3.85 mills.
PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this sixth day of June,
2012.
PAT PORTER, MAYOR
Sandy. Modigh, City Clerk
Approved by Finance:
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KENAI, ALASKA
"Viijaye with a Past, Gc with a Filtw'e
FINANCE DEPARTMENT
210 Fidalgo Avenue, Kenai, Alaska 99611 -7794
Telephone: 907 - 283 -7535 ext 221 / FAX: 907 - 283 -3014
To: Rick Koch, City Manager
From Terry Eubank, Finance Director
Date: May 8, 2012
Re: Resolution 2012 -28
Resolution 2012 -28 will establish the rate of levy of property tax for 2012. The proposed rate of
levy is 3.85 and will result in $385 in taxes being paid for each $100,000 of assessed property
value. The rate is unchanged from tax year 2011 and will generate the necessary property taxes
to support the proposed FY13 budget.