CITY OF HOMER

HOMER, ALASKA

                                                                                                            Novak

RESOLUTION 08-122

 

A RESOLUTION OF THE CITY COUNCIL OF HOMER, ALASKA, REDUCING THE MIL RATE BY .5 MIL FOR NEXT YEAR AND ESTABLISHING A 2009 MIL RATE OF 4.0 MILS WITHIN THE CITY.

 

            WHEREAS, HCC 15.10.020 provides that “The City shall annually set a Mil Rate 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 City Council recognizes that a reduction in property taxes has the potential to provide an economic stimulus within the community; and

 

            WHEREAS, The City Council recognizes that property value assessments have increased significantly in the past couple of years; and

 

            WHEREAS, Now, with the passage of Ordinance 08-59 the Council wishes to reduce the property tax assessment rate by .5 Mils.

 

            NOW, THEREFORE, BE IT RESOLVED that the Homer City Council hereby establishes a 2009 Mil Rate of 4.0 Mils and authorizes the City Manager to so inform the Kenai Peninsula Borough. 

 

            PASSED AND ADOPTED by the Homer City Council this 8th day of December, 2008.

 

                                                                                    CITY OF HOMER

 

 

                                                                                    _____________________________

                                                                                    JAMES C. HORNADAY, MAYOR

 

ATTEST:

 

 

______________________________

JO JOHNSON, CMC, CITY CLERK

 

Fiscal Note: Projected $310,656 decrease in 2009 revenue.