CITY OF HOMER

HOMER, ALASKA

Yourkowski

RESOLUTION 05-38

A RESOLUTION OF THE HOMER CITY COUNCIL REQUESTING THAT THE KENAI PENINSULA BOROUGH CAP INCREASES IN LAND AND EXISTING IMPROVEMENT ASSESSMENTS, IN ANY ONE YEAR, AT 10 PERCENT OF THE PREVIOUS YEARS ASSESSMENT AND MAKING THIS CAP

APPLY TO THE 2005 TAX YEAR.

WHEREAS, Many citizens of the Kenai Peninsula Borough live pay check to pay check and expenses are tightly budgeted, and

WHEREAS, Some tax payers in Homer have experienced over a 100 percent increase in their assessed value of their unimproved property in one year; and

WHEREAS, Borough families need time, to adjust to rising costs, to find new sources of revenue and to find ways to cut expenses, and

WHEREAS, One would expect that the Borough has the capabilities and staff to broadly review assessments on an annual basis, and

WHEREAS, Consistently updated current assessments using appraisals and computer technology would increase revenues for the Borough; and

WHEREAS, With regards to property values and taxes imposed the citizens of the Borough expect fair and consistent treatment.

NOW, THEREFORE, BE IT RESOLVED that the Homer City Council requests that the Kenai Peninsula Borough Cap increases in land and existing improvement assessments, in any one year, at 10 percent of the previous year's assessment and making this cap apply to the 2005 tax year.

PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF HOMER, ALASKA, this 29th day of March, 2005.

CITY OF HOMER

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ATTEST: JAMES C. HORNADAY, MAYOR

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MARY L. CALHOUN, CMC, CITY CLERK

Fiscal Note: NA.