CITY OF HOMER

HOMER, ALASKA

City Clerk

ORDINANCE 06-45

AN ORDINANCE OF THE CITY COUNCIL AMENDING HOMER CITY CODE SECTION 9.04.040, ANNUAL TAX LEVY, TO PROVIDE FOR THE ESTABLISHMENT OF THE ANNUAL PROPERTY TAX LEVY RATE, TO BE SET BY BUDGET ORDINANCE OR RESOLUTION

WHEREAS, The City's Budget Ordinance that adopts the upcoming Calendar Year Budget includes the Mill Rate for the Annual Tax Levy and has since the about 1999; and

WHEREAS, Homer City Code 9.04.040 provides for the annual property tax levy rate to be established bo resolution each year.

NOW THEREFORE, the City of Homer Ordains:

Section 1. That Homer City Code Section 9.04.040, Annual Tax Levy, is hereby amended to read as follows:

9.04.040 Annual tax levy. by June 15 of each year the City Council shall establish, bybudget ordinance or resolution, the annual property tax levy rate and notify the Kenai Peninsula Borough Assembly of said rate. (Ord. 90-28 §3, 1990.)

Section 2. This ordinance is of a permanent and general character and shall be included in the Homer City Code.

PASSED AND ENACTED by the Homer City Council this _______ day of ________, 2006.

CITY OF HOMER

JAMES C. HORNADAY, MAYOR

ATTEST

MARY L. CALHOUN. CMC, CITY CLERK

Page Two

Ordinance 06-45

City of Homer

Introduction:

Public Hearing:

Second Reading:

Effective Date:

Ayes:

Noes:

Abstain:

Absent:

Reviewed and approved as to form and content:

Walt Wrede, City Manager Gordon Tans, City Attorney

Date: Date:

Fiscal Note: NA.