Ordinance 17-40(A) Amending Homer City Code Title 3 HART Minimum Annual Transfer

CITY OF HOMER
HOMER, ALASKA

Smith/Aderhold

ORDINANCE 17-40(A)

AN ORDINANCE OF THE CITY COUNCIL OF HOMER, ALASKA AMENDING HOMER CITY CODE TITLE 3 CHAPTER 3.05 BUDGET BY ADDING A NEW SECTION THAT ESTABLISHES A MINIMUM ANNUAL TRANSFER IN THE OPERATING BUDGET OF HOMER ACCELERATED ROAD AND TRAILS (HART) FUNDS FOR ROAD AND TRAIL CAPITAL IMPROVEMENTS.

WHEREAS, Homer City Code Chapter 3.05 establishes the procedures, guidelines and rules for the annual budget; and

WHEREAS, In October 0f 2017 Homer voters approved Ballot Measure 1 allowing the ¾% sales tax collected for Homer Area Roads and Trails (HART) to be spent on maintenance of roads and trails; and

WHEREAS, It is appropriate to establish guidelines in Homer City Code that ensure a minimum recommended amount is reserved for HART capital projects; and

WHEREAS, Estimated annual expenditures in the near future for HART road capital expenditures such as the City portion of road improvement special assessment districts, storm drain rehabilitation and paving projects equals $504,306; and

WHEREAS, The HART Policy Manual allocates 10% of HART annually to trail projects; and

WHEREAS, A line item in the 2019 budget should be added for trail maintenance in order to allow the City to track trail maintenance expenditures and give greater attention to maintaining municipal trail infrastructure.

NOW, THEREFORE, THE CITY OF HOMER ORDAINS:

Section 1. Homer Municipal Code Chapter 3.05 is hereby amended by adding a new section, as follows:

3.05.017 Minimum Annual Transfer for Homer Accelerated Roads and Trail Capital Accounts

The annual budget will transfer a minimum of $550,000 of the ¾% dedicated sales tax levied for Homer Accelerated Roads and Trails exclusively for the purpose of funding street reconstruction improvements and related utilities, construction of new local roads, and construction of new local trails.

                Section 2. This Ordinance is of a permanent and general character and shall be included in the City Code and shall become effective January 1, 2019.

                ENACTED BY THE CITY COUNCIL OF HOMER, ALASKA this ______ day of _______, 2017.
 

                                                                                                           CITY OF HOMER

                                                                                                                ________________________

                                                                                                                BRYAN ZAK, MAYOR

ATTEST:
 

________________________________

MELISSA JACOBSEN, MMC, CITY CLERK

YES:
NO:
ABSTAIN:
ABSENT:

First Reading:
Public Hearing:
Second Reading:
Effective Date: 

Reviewed and Approved as to form and content:

__________________________                                           _________________________

Katie Koester, City Manager                                      Holly Wells, City Attorney

Date: _______________                                                           Date: _______________