Resolution 18-050 Establishing the Mil Rate at 4.5 for 2018

CITY OF HOMER

HOMER, ALASKA

                                                                                                                                                City Manager

RESOLUTION 18-050

A RESOLUTION OF THE HOMER CITY COUNCIL ESTABLISHING THE CITY OF HOMER PROPERTY TAX MIL LEVY RATE AT 4.5 MILS FOR 2018.

                WHEREAS, Homer City Code 9.04.040 states that the City Council must establish a mil rate no later than June 15 of each year; and

                WHEREAS, Council set the mil rate at 4.5 mils for 2018 with the adoption of budget Ordinance 17-42; and

                WHEREAS, The 4.5 mil rate established by Ordinance 17-42 will be maintained.  

                NOW, THEREFORE, BE IT RESOLVED that the Homer City Council hereby establishes the City of Homer property tax mil levy rate at 4.5 mils for 2018 and authorizes the City Manager to so inform the Kenai Peninsula Borough.

                PASSED AND ADOPTED by the Homer City Council this 29th day of May, 2018.                       

                                                                                                                CITY OF HOMER

                                                                                                                ______________________
                                                                                                                BRYAN ZAK, MAYOR

ATTEST:

___________________________

MELISSA JACOBSEN, MMC, CITY CLERK

Fiscal Note: Estimated real property tax revenue $2,914,354, Account No. 100-0005-4101.