Resolution 18-051 Establishing a 2018 Mil Rate of 9.962541 Mils for the Ocean Drive Loop Special Service District.

CITY OF HOMER

HOMER, ALASKA

                                                                                                                                                City Manager

RESOLUTION 18-051

A RESOLUTION OF THE CITY COUNCIL OF HOMER, ALASKA, ESTABLISHING A 2018 MIL RATE OF 9.962541 MILS FOR THE OCEAN DRIVE LOOP SPECIAL SERVICE DISTRICT.

                WHEREAS, The City of Homer may by ordinance, establish, alter, and abolish differential tax zones to provide and levy property taxes for services not provided generally in the City, or a differential levy than that generally provided in the City; and

                WHEREAS, The City Council adopted Ordinance 11-49(S) to create the Ocean Drive Loop Special Service District to provide special services to the properties along the seawall to include operation, maintenance, repair, reconstruction, improvement, insurance, administration and other related activities conducted in the course of making and keeping the seawall operational for its intended erosion control purpose; and

                WHEREAS, The District is funded by a property tax levied on the properties in the Special Service District; and

                WHEREAS, HCC 15.10.020 provides that “The City Council shall annually set the mil levy pursuant to Section 9.04.040”; and

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

                WHEREAS, The mil rate established herein is in addition to the general real property tax mil rate.

                NOW, THEREFORE, BE IT RESOLVED that the Homer City Council hereby establishes a 2018 mil rate of 9.962541 mils for the Ocean Drive Loop Special Service District 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: Revenue $25,000, Acct. 808-375-4518