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Ordinance 15-06 Budget Amendment for City's Matching Grant Requirement for Deep Water Dock Expansion Feasibility Study
Summary
An Ordinance of the City Council of Homer, Alaska, Amending the FY 2015 Operating Budget by Appropriating $179,892.97 From the Harbor Reserve Fund to Satisfy the City’s Matching Grant Requirement Associated With the Completion of the Deep Water Dock Expansion Feasibility Study. City Manager/Port and Harbor Director.
Ordinance/Resolution ID:
15-06
Ordinance/Resolution Status:
Adopted
Introduction Date:
03/09/2015
Effective Date:
03/24/2015
Public Hearing Date:
03/23/2015
Second Reading Date:
03/23/2015
Related Meetings
Details
CITY OF HOMER
HOMER, ALASKA
City Manager/
Port and Harbor Director
ORDINANCE 15-06
AN ORDINANCE OF THE CITY COUNCIL OF HOMER, ALASKA, AMENDING THE FY 2015 OPERATING BUDGET BY APPROPRIATING $179,892.97 from the Harbor Reserve Fund to Satisfy the City’s Matching Grant Requirement Associated with the Completion of the Deep Water Dock Expansion Feasibility Study.
WHEREAS, The Transfer of Responsibilities Agreement (TORA) between the City and the State of Alaska provides funding for the completion of a Deep Water Dock Expansion Feasibility Study; and
WHEREAS, The Agreement stipulates that the City’s matching requirement is $179,892.97 (9.03%); and
WHEREAS, The Agreement stipulates that “The City’s matching fund contribution shall be one lump sum payment to ADOT/PF within 30 days of a signed PDA…”; and
WHEREAS, The City is ready to proceed with the preparation of the study utilizing funding provided by the Agreement.
NOW, THEREFORE, THE CITY OF HOMER ORDAINS:
Section 1. The Homer City Council hereby amends the FY 2015 Operating Budget by appropriating $179,892.97 from the Port and Harbor Reserves as a local match to the Deep Water Dock Expansion Feasibility Study as follows:
Expenditure:
Account No. Description Amount
415-0921 Local Match/ $179,892.97
DWD Expansion Feasibility Study
Section 2. This is a budget amendment ordinance, is not permanent in nature, and shall not be codified.
ENACTED BY THE CITY COUNCIL OF THE CITY OF HOMER, ALSKA, this 23rd day of March, 2015.
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:
Marvin Yoder, City Manager Thomas F. Klinkner, City Attorney
Date: _________________________ Date: _________________________