Ordinance 15-30 Appropriating Grant for Waddell Way Road Improvement and Purchase of Property for Project

CITY OF HOMER

HOMER, ALASKA

City Manager/

Public Works Director                                                                                                                               

ORDINANCE 15-30

AN ORDINANCE OF THE HOMER CITY COUNCIL AMENDING THE FY 2015 OPERATING BUDGET BY APPROPRIATING A 25% MATCH TO THE WADDELL ROAD IMPROVEMENT LEGISLATIVE GRANT IN THE AMOUNT OF $357,500 FROM THE HOMER ACCELERATED ROADS AND TRAIL PROGRAM (HART) FUND; AUTHORIZING THE PURCHASE OF THE WADDELL PROPERTY IN SUPPORT OF THE WADDELL ROAD IMPROVEMENT PROJECT; AND AUTHORIZING THE CITY MANAGER TO EXECUTE ALL APPROPRIATE DOCUMENTS.

               WHEREAS, The City Council accepted and appropriated a Legislative Grant (Ordinance 14-42(S)) in the amount of $1,430,000 for the Waddell Road Improvements; and  

               WHEREAS, The grant covers design, utilities, property acquisition, and construction costs for the Waddell Road Improvement project; and

               WHEREAS, The grant application indicated that a 25% match from the Homer Accelerated Road and Trail Fund would be provided to facilitate the completion of the road project; and

               WHEREAS, The project requires the purchase of Tract 2-A Waddell Park Subdivision 1985 Replat, referred to herein as the Waddell property (see Memorandum 15-134); and

               WHEREAS, The property was been determined by appraisal to have a value of $855,000; and

               WHEREAS, The aforementioned legislative grant will cover 75% ($641,250) and the City match will cover 25% ($213,750) of the cost of the property purchase; and

WHEREAS, The funds generated from the sale of the remaining parcel and the cabins will be distributed back into the grant project account and the HART Fund in generally the same proportions.

NOW, THEREFORE, THE CITY OF HOMER ORDAINS:

               Section 1.  The Homer City Council approves the purchase of the Waddell property.

Expenditure:

Account Number                                        Description                                                   Amount

               160-0766                                                        HART Fund                                                    $213,750

               151-7002                                                        Waddell Way Road Grant                        $641,250

               Section 2. The Homer City Council hereby amends the FY 2015 Operating Budget by appropriating $357,500 from the HART Program as a 25% match to the Waddell Way Road Improvement Legislative grant:

Expenditure:

Account Number                                        Description                                                   Amount

               160-0766                                                        HART Fund                                                    $357,500

               Section 3. 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, ALASKA, this _____ day of _______________ 2015.

                                                                                                         CITY OF HOMER

                                                                                                         ____________________

                                                                                                         MARY E. WYTHE, MAYOR

ATTEST:

___________________________

JO JOHNSON, MMC, CITY CLERK

YES:

NO:

ABSTAIN:

ABSENT:

First Reading:

Public Hearing:

Second Reading:

Effective Date: 

Reviewed and approved as to form:

___________________________                                      ____________________________

Mary K. Koester, City Manager                                           Thomas F. Klinkner, City Attorney

Date: ______________________                                      Date: _______________________