CITY OF HOMER

HOMER, ALASKA

                                                                                                      Novak, Wythe

RESOLUTION 06-146

A RESOLUTION OF THE HOMER CITY COUNCIL REPEALING RESOLUTION 06-122 (A) REGARDING THE 2007 PROPERTY TAX MIL RATE.

            WHEREAS, Resolution 06-122 (A), adopted on September 11, 2006, reduced the mil rate for 2007 to 4 mils on properties owned by individuals who used those properties as their primary residences; and

            WHEREAS, Upon review of this resolution after it was adopted, the City Attorney has advised the Council that it is inconsistent with State Statutes and would likely be declared invalid by the Courts; and

            WHEREAS, The City Attorney further advised the Council that there are other alternative approaches to achieving the same objective that have already passed legal scrutiny; and

            WHEREAS, The Homer City Council intends to adopt a tax structure which has a solid legal foundation and therefore, wishes to repeal Resolution 06-122 (A).

            NOW THEREFORE BE IT RESOLVED, That the Homer City Council hereby repeals Resolution 06-122 (A).

            PASSED AND APPROVED by the Homer City Council this 9^th day of October, 2006.

CITY OF HOMER

JAMES C. HORNADAY, MAYOR

ATTEST:

MARY L. CALHOUN, CMC, CITY CLERK

Fiscal Note: additional revenue.