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Ordinance 13-09 Project Budget for Administration and Direct Services in Support of Natural Gas Distribution System Special Assessment District
Summary
An Ordinance of the City Council of Homer, Alaska, Appropriating Funds and Establishing a Project Budget for Administration and Direct Services Provided in Support of the Homer Natural Gas Distribution System Special Assessment District. City Manager.
Ordinance/Resolution ID:
13-09
Ordinance/Resolution Status:
Adopted
Introduction Date:
03/26/2013
Effective Date:
04/09/2013
Public Hearing Date:
04/08/2013
Second Reading Date:
04/08/2013
Related Meetings
Details
CITY OF HOMER
HOMER, ALASKA
City Manager
ORDINANCE 13-09
AN ORDINANCE OF THE CITY COUNCIL OF HOMER, ALASKA, APPROPRIATING FUNDS AND ESTABLISHING A PROJECT BUDGET FOR ADMINISTRATION AND DIRECT SERVICES PROVIDED IN SUPPORT OF THE HOMER NATURAL GAS DISTRIBUTION SYSTEM SPECIAL ASSESSMENT DISTRICT.
WHEREAS, The Homer City Council adopted Ordinance 13-02 which created the Homer Natural Gas Distribution System Special Assessment District; and
WHEREAS, Ordinance 13-03(S)(2) authorized the City to issue Natural Gas Distribution System Special Assessment District Bonds in an amount not to exceed $12,700,000; and
WHEREAS, Resolution 13-017(S) authorized and approved a construction contract between the City and Enstar Natural Gas Company in an amount not to exceed $12,160,632; and
WHEREAS, The difference between the bond amount and the not to exceed construction contract ($539,368) represents the total amount assessed to property owners for administration fees and direct costs associated with administering the special assessment district and providing permitting, utility locates, and inspection services; and
WHEREAS, The first drawdown of the loan funds from the Kenai Peninsula Borough will include $539,368 to provide the money needed to administer and facilitate the Special Assessment District for a two year period; and
WHEREAS, It is necessary and beneficial to appropriate funds and establish a project budget for this purpose.
NOW, THEREFORE, THE CITY OF HOMER ORDAINS:
Section 1. The Homer City Council hereby appropriates $539,368 from bond proceeds, to be recovered through assessment payments over ten years, to provide administrative and direct services in support of the Homer Natural Gas Distribution System Special Assessment District as follows:
Revenue:
Account No. Description Amount
175-375 Bond Proceeds / HSAD $539,368
Expenditure:
Account No. Description Amount
175-375 Admin / Direct Services /HSAD $539,368
Section 2. The Council hereby established the following project budget for administration and direct services in support of the Special Assessment District:
Personnel / Labor $416,000
Equipment 21,350
Vehicles Expenses 16,500
Mailing 10,000
Copying 2,500
Advertising 2,500
Recording Fees 2,500
Contingency 68,018
TOTAL $539,368
Section 3. This ordinance is a budget amendment only, is not of a permanent nature, and shall not be codified.
ENACTED BY THE CITY COUNCIL OF HOMER, ALASKA, this _______ day of _________, 2013.
CITY OF HOMER
________________________
MARY E. WYTHE, MAYOR
ATTEST:
______________________________
JO JOHNSON, CMC, CITY CLERK
YES:
NO:
ABSTAIN:
ABSENT:
First Reading:
Public Hearing:
Second Reading:
Effective Date:
Reviewed and approved as to form:
__________________________ ____________________________
Walt E. Wrede, City Manager Thomas F. Klinkner, City Attorney
Date: _____________________ Date: _______________________