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If approved, the proposal would exempt the first $75,000 of their residential property’s taxable value from the city’s property tax.
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Thursday’s announcement comes on the heels of a lackluster sockeye season in the Kenai River, and as the river’s king fishery remains closed outright due to poor runs.
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City officials say 1,435 property owners would be eligible for Kenai’s residential exemption if it passes. City Manager Terry Eubank says the new exemption could cost Kenai around $442,202 per year that would otherwise go to the city’s general fund.
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Families packed the streets of Kenai last weekend to celebrate America's 250th birthday at the city's annual Fourth of July parade.
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Kenai City Manager Terry Eubank says the changes are rooted in complaints from city property owners.
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Council members added roughly a quarter of a million dollars in one-time spending during their Wednesday meeting.
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The project is backed by $16.7 million in federal grants and local matching funds.
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The Kenai City Council last week agreed to spend $97,641.61 on the initiative, which includes decontaminating the city fire trucks.
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The Fox Air lease is contingent on additional research on the company by the city, which received a letter raising concerns about Fox Air’s service.
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City Manager Terry Eubank says he’s met with other city managers and the borough mayor to talk through possible solutions, and that Kenai’s all-age nonprofit swim team has been proactive. Starting July 1, the school district will stop funding the pool.