Resolution 16-061 Establishing the Property Tax Mill Levy Rate at 4.5 for 2016

CITY OF HOMER

HOMER, ALASKA

                                                                                                                                       City Manager

RESOLUTION 16-061

A RESOLUTION OF THE HOMER CITY COUNCIL ESTABLISHING THE CITY OF HOMER PROPERTY TAX MILL LEVY RATE AT 4.5 MILS FOR 2016.

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

               WHEREAS, Council set the mill rate at 4.5 mills for 2016 with the adoption of budget Ordinance 15-41(S)(A); and

               WHEREAS, The 4.5 mill rate established by Ordinance 15-41(S)(A) will be maintained.  

               NOW, THEREFORE, BE IT RESOLVED that the Homer City Council hereby establishes the City of Homer property tax mill levy rate at 4.5 mills for 2016 and authorizes the City Manager to so inform the Kenai Peninsula Borough.

               PASSED AND ADOPTED by the Homer City Council this 23rd day of May, 2016.                      

                                                                                                         CITY OF HOMER

                                                                                                         ______________________
                                                                                                         MARY E. WYTHE, MAYOR

ATTEST:

_______________________________

MELISSA JACOBSEN, CMC

ACTING CITY CLERK

Fiscal Note: Estimated real property tax revenue $2,890,000, Account No. 100-0005-4101.