File #: RES#14-13    Version: 1 Name:
Type: Action Item Status: Passed
File created: 8/28/2014 In control: Borough Assembly
On agenda: 9/15/2014 Final action: 10/6/2014
Title: Resolution #2014-13: A Resolution Providing an Annual Payment in Lieu of Taxes (PILT) Payment to the City of Kupreanof for Fiscal Years 15 & 16 Because of Borough formation, the City of Kupreanof no longer receives PILT (Payment in Lieu of Taxes) funding. The City of Kupreanof asked the Borough to distribute the equivalent of what they would have received in PILT funds had the Borough not been formed. The last PILT payment to Kupreanof represented approximately .69% of the total PILT funds to the Borough. Approval of the Resolution would provide the City of Kupreanof with .69% pass though PILT funds for this and next fiscal year.
Indexes: City of Kupreanof, Taxes
Attachments: 1. Res. #2013-13.pdf
Title
Resolution #2014-13:  A Resolution Providing an Annual Payment in Lieu of Taxes (PILT) Payment to the City of Kupreanof for Fiscal Years 15 & 16
 
Because of Borough formation, the City of Kupreanof no longer receives PILT (Payment in Lieu of Taxes) funding.  The City of Kupreanof asked the Borough to distribute the equivalent of what they would have received in PILT funds had the Borough not been formed.  The last PILT payment to Kupreanof represented approximately .69% of the total PILT funds to the Borough.   Approval of the Resolution would provide the City of Kupreanof with .69% pass though PILT funds for this and next fiscal year.