Resolution 17-092(A) Amending HART Policy Manual to HART Capital Improvements Policy Manual & Establishing Set Asides

CITY OF HOMER
HOMER, ALASKA

Smith/Aderhold

RESOLUTION 17-092(A)

A RESOLUTION OF THE CITY COUNCIL OF HOMER, ALASKA, AMENDING THE HOMER ACCELERATED ROADS AND TRAILS PROGRAM (HART) POLICY MANUAL TO THE HART CAPITAL IMPROVEMENTS POLICY MANUAL AND ESTABLISHING MINIMUM SET ASIDES FOR CAPITAL IMPROVEMENTS.

WHEREAS, Homer Accelerated Road and Trail (HART) is a ¾% sales dedicated to roads and trails; and

WHEREAS, In October of 2017 City of Homer voters approved Ballot Proposition 1 that allowed Homer Accelerated Road and Trail funds to be spent on road and trail maintenance; and

WHEREAS, Homer City Council is considering revisions to Homer City Code to restrict what can be spent on road and trail maintenance in the annual budget and establish a minimum set aside for HART capital improvement projects; and

WHEREAS, Updating the HART Policy Manual to the HART Capital Improvements Policy Manual differentiates between HART funds that are used for capital projects and HART funds that can be used in the operating budget for road and trail maintenance; and

WHEREAS, Revisions to the HART Policy Manual provide further guidance on the required minimum set aside for roads capital improvements and trail capital improvements.

NOW, THEREFORE, BE IT RESOLVED THAT the title of the Manual is amended to read as follows (additions bold and underlined; deletions stricken through):

H.A.R.T. CAPITAL IMPROVEMENTS POLICY MANUAL

BE IT FURTHER RESOLVED THAT the first sentence of paragraph I of the manual is amended to read as follows:

I.PURPOSE

The purpose of the HART Capital Improvement program (referred to hereafter as HART program) is to pay for reconstructing substandard city roads, upgrading existing roads, and constructing new streets and non-motorized trails.

BE IT FURTHER RESOLVED THAT Paragraph V of the manual is amended to read as follows:

V.FINANCING AND ASSESSMENTS

This program is funded by a dedicated sales tax of up to three quarters of one percent (3/4%), and the collection of assessment payments due from completed projects. Roads are allocated 90% of the annual revenue, and trails are allocated 10%. Homer City Code requires that annually no less than $550,000 is set aside for capital road and trail improvements. Of that amount, a minimum of $500,000 shall be set aside for road capital improvements and $50,000 for trail capital improvements. The tax will be collected for up to twenty years expiring December 31, 2027, as approved by voters. Expenditures under the HART program are subject to the availability of funds.

BE IT FURTHER RESOLVED THAT these changes shall become effective January 1, 2019.

PASSED AND ADOPTED by the Homer City Council this _____ day of _______ 2017.

CITY OF HOMER

______________________
BRYAN ZAK, MAYOR

ATTEST:

____________________________

MELISSA JACOBSEN, MMC, CITY CLERK