Ordinance 14-39 Budget Amendment for Purchase of Property for New Water Storage Tank

CITY OF HOMER

HOMER, ALASKA

                                                                                                                                       City Manager/

Public Works Director

ORDINANCE 14-39

AN ORDINANCE OF THE CITY COUNCIL OF HOMER, ALASKA, AMENDING THE FY 2014 OPERATING BUDGET BY APPROPRIATING $80,000 FROM THE Homer Accelerated Water/Sewer Program (HAWSP) FOR THE PURCHASE OF PROPERTY FOR A NEW WATER STORAGE TANK (LOT A2, BARNETT SUBDIVISION, QUIET CREEK ADDITION 2014) AND CLOSING COSTS ASSOCIATED WITH THE PURCHASE.

WHEREAS, The City Council authorized the acceptance of an EPA grant, Ordinance 12-40(S), which provided design funds for various water system improvements; and

               WHEREAS, One of these improvements is a new water tank, recommended in the Water/Sewer Master Plan, to provide more dependable fire flows to the core area of the City and a more redundant distribution system for the areas below the bluff; and

               WHEREAS, Public Works has determined that one particular property was best suited for the new water tank, Lot A2, Barnett Subdivision, Quiet Creek Addition 2014, (see Public Works Memorandum 14-115); and

               WHEREAS, Based on the review of potential sites for the tank, the subject property is best suited for a new water tank; and

               WHEREAS, Based on the evaluation of the value of the lot proposed to be purchased for the new tank, Public Works concludes that the fair value of the property is $72,000; and

               WHEREAS, Closing costs are estimated to be $8,000.

               NOW, THEREFORE, THE CITY OF HOMER ORDAINS:

               Section 1. The Homer City Council hereby amends the FY 2014 Operating Budget by appropriating $80,000 from the Homer Accelerated Water/Sewer Program (HAWSP) for the purchase of property for a new water storage tank.

Expenditure:

Account                                                          Description                                                                  Amount

205-375 (HAWSP Account)                    Property Purchase (New Water Tank)            $80,000

Section 2. This is a budget amendment ordinance only, is not permanent in nature, and shall not be codified.

               ENACTED BY THE CITY COUNCIL OF HOMER, ALASKA this _____ day of ___________, 2014.

CITY OF HOMER

______________________
MARY E. WYTHE, MAYOR

ATTEST:

____________________________

JO JOHNSON, MMC, CITY CLERK

AYES:

NOES:

ABSTAIN:

ABSENT:

First Reading:

Public Reading:

Second Reading:

Effective Date:

Reviewed and approved as to form:

                                                                                                                                                                                                  
Walt Wrede, City Manager                                                                 Thomas F. Klinkner, City Attorney

Date: _________________________                                                            Date: _________________________