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Resolution 18-039 Alaska Drinking Water Fund (ADWF) Loan for Phase II of the Homer Water Distribution/Storage Improvement Project
Summary
A Resolution of the City Council of Homer, Alaska, Authorizing the City Manager to Apply for and Accept an Alaska Drinking Water Fund (ADWF) Loan for Phase II of the Homer Water Distribution/Storage Improvement Project in an Amount not to Exceed $660,000.
Ordinance/Resolution ID:
18-039
Ordinance/Resolution Status:
Adopted
Introduction Date:
04/23/2018
Effective Date:
04/23/2018
File Attachments:
Related Meetings
Details
CITY OF HOMER
HOMER, ALASKA
City Manager/Public Works Director
RESOLUTION 18-039
A RESOLUTION OF THE CITY COUNCIL OF HOMER, ALASKA, AUTHORIZING THE CITY MANAGER TO APPLY FOR AND ACCEPT AN ALASKA DRINKING WATER FUND (ADWF) LOAN FOR PHASE II OF THE HOMER WATER DISTRIBUTION/STORAGE IMPROVEMENT PROJECT IN AN AMOUNT NOT EXCEEDING $660,000.
WHEREAS, Public Works has completed the design of various water distribution system and water storage improvements utilizing Environmental Protection Agency Special Act Appropriations Project (EPA SAAP) funds specifically appropriated for water system improvement design, as authorized by the City Council; and
WHEREAS, The first phase of this project was completed using an Alaska Department of Conservation (ADEC) municipal grant (MMG #40909). Remaining grant funds are proposed to be used to complete additional water distribution/storage improvements. The City Council approved using additional funds by passing Resolution 18-009(S) and Ordinance 18-10; and
WHEREAS, The grant will provide for 70% of the cost of these improvements; 30% is a City match (HAWSP). Public Works proposes to finance this match (as was done for the first phase of the project) utilizing a low interest ADWF loan; loan payments to be made from the Homer Accelerated Water/Sewer Program (HAWSP) over a 10-20 year period; and
NOW, THEREFORE, BE IT RESOLVED that the Homer City Council hereby authorizes the City Manager to apply for and accept an Alaska Drinking Water Fund low interest loan to finance the City’s ADEC Municipal Grant Program match for the Homer Water Distribution/Storage Improvement (Phase I) project an amount not to exceed $660,000 and authorizes the City Manager to execute a loan agreement for the loan and all other appropriate documents.
PASSED AND ADOPTED by the Homer City Council this 23rd day of April, 2018.
CITY OF HOMER
BRYAN ZAK, MAYOR
ATTEST:
___________________________
MELISSA JACOBSEN, MMC, CITY CLERK
Fiscal Note: HAWSP
