HomeMy WebLinkAboutRes2011-031 Sponsored by: Oates
firm CITY OF SEWARD, ALASKA
RESOLUTION 2011 -031
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD,
ALASKA, SETTING THE MILL RATE FOR TAX YEAR 2011,
UNCHANGED AT 3.12 MILLS
WHEREAS, the Seward City Council met on September 14 and September 28, 2009 to
authorize budget policies and provide budget guidance to the administration to formulate the
2010/2011 Biennial Budget; and
WHEREAS, the budget was introduced at the regularly scheduled Council meeting on
October 12, 2009, with work sessions conducted and televised on October 13, 14, 15, and 16,
2009, with a public hearing held on November 9, and with the final budget adopted on November
23, 2009; and
WHEREAS, the City Council modified the 2011 Budget at its meeting of November 22,
2010, and said budget was predicated on a mill rate of 3.12 mills, which remains unchanged from
the present rate of 3.12 mills.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF SEWARD, ALASKA, that:
Section 1. The rate of levy of taxes on all real and personal property within the City of
Seward for the tax year 2011 is hereby set at 3.12 mills on each dollar of assessed value as
determined by the assessment roll and any supplemental rolls hereafter certified by the Borough
Assessor, for Municipal Service Zones One (Borough designation TCA 40) and Two (Borough
designation TCA 41).
Section 2. This resolution shall take effect immediately upon adoption.
PASSED AND APPROVED by the City Council of the City of Seward, Alaska, this
25th day of April, 2011.
THE CITY 1 SEWARD, ALASKA
IMMO r illard E. P!nham, Mayor
CITY OF SEWARD, ALASKA
RESOLUTION 2011 -031
AYES: Valdatta, Smith, Bardarson, Shafer, Keil, Casagranda, Dunham
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST:
ohanna Kinney, CMC
ity Clerk
(City Seal)
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Council Agenda Statement ('' a� Se
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Meeting Date: April 25, 2011 7
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Through: Phillip Oates, City Manager
From: Kristin Erchinger, Finance Director
Agenda Item: Setting the Mill Rate (unchanged) at 3.12 mills
BACKGROUND & JUSTIFICATION:
The City of Seward has historically set the mill rate during the annual budget process. During the creation of
Seward's 2010/2011 Biennial Budget, the City Council approved the mill rate for 2010 (3.12 mills) but held off
on approving a mill rate for 2011, given the economic climate and the uncertainty surrounding future revenue and
service levels. The administration also delayed forwarding a mill rate recommendation to the Council because the
City Council was considering a possible increase in property tax to offset new costs associated with debt and
operating the new library /museum. The City Council rejected the idea of increasing the mill rate to pay for the
library/museum capital project on January 24, 2011 via Resolution 2010 -130.
The tax revenues generated from the property tax represent the third largest source of funding for the City's 2011
General Fund budget (following sales tax, and administrative charges to enterprise funds). The mill rate for Tax
Year 2011 must be set prior to June 15, 2011.
The proposed mill rate does not reflect a change from the existing rate of 3.12 mills (representing $312 in tax on
every $100,000 in assessed value). This mill rate will apply to both of Seward's municipal service zones; zone
one (KPB TCA 40) and zone two (KPB TCA 41). The total assessed valuation as determined by the Kenai
Peninsula Borough Assessor, and any supplemental assessment rolls which may be certified by the Borough
Assessor at a future date, shall be the basis for computing estimated property tax revenues for the City of Seward.
CONSISTENCY CHECKLIST
Where applicable, this agenda statement is consistent with the Seward City Code, Charter, Comprehensive
Plans, Land Use Plans, Strategic Plan and City Council Rules of Procedures.
Other:
ATTORNEY REVIEW Yes X No
FISCAL NOTE
The 2011 Budget is predicated on maintaining the current mill rate of 3.12 mills, so passage of this resolution will
have no financial impact on the City's budget.
Approved by Finance: v .°^2442) -(1.ZGe 0
RECOMMENDATION
1
Seward City Council approve Resolution 2011- , setting the mill rate at 3.12 mills for Seward Municipal
Service Zones One (KPB TCA 40) and Two (KPB TCA 41), for Tax Year 2011.
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