CITY OF HOMER City Manager

HOMER, ALASKA



ORDINANCE 05-32



AN ORDINANCE OF THE CITY COUNCIL OF HOMER, ALASKA, ACCEPTING AND APPROPRIATING A USDA LOAN OF $400,000.00 FOR THE LIBRARY BUILDING PROJECT AND AUTHORIZING THE CITY MANAGER TO EXECUTE THE APPROPRIATE DOCUMENTS.



WHEREAS, Council accepted and appropriated a USDA Loan in the amount of $1.7 million on April 25, 2005 via Ordinance 05-20; and



WHEREAS, Council adopted Resolution 05-56(A) on May 9, 2005 to increase the loan amount from $1.7 million to the $2.2 million as approved by the voters on October 5, 2004 and certified on October 11, 2004; and



WHEREAS, USDA Administration notified the City of Homer that the maximum allowable amount is $2.1 million, see Memorandum 05-103 for further information.



NOW, THEREFORE, BE IT ORDAINED by the City of Homer :



Section 1. That the City Council hereby accepts and appropriates a USDA Loan of $400,000.00 for the Library Building Projects as follows:



Account No. Description Amount

Revenue USDA Loan $400,000.00

151-722

Expenditure Library Building Project $400,000.00

151-722



Section 2. That the City Council hereby authorizes the City Manager to execute the appropriate documents.



Section 3. This ordinance is a budget amendment only, is not of a permanent nature and is a non code ordinance.



PASSED AND ENACTED by the Homer City Council this ____ day of ________, 2005.



CITY OF HOMER





____________________________

JAMES C. HORNADAY, MAYOR

Page Two

Ordinance 05-32

City of Homer





ATTEST:







________________________________

MARY L. CALHOUN, CMC, CITY CLERK



Introduction:

Public Hearing:

Second Reading:

Effective Date:



Ayes:

Noes:

Abstain:

Absent:



Reviewed and approved as to form and content:







___________________________ __________________________

Walt E. Wrede City Manager Gordon Tans, City Attorney



Date:__________________ Date: _________________





Fiscal Note: Fiscal information included in body of Ordinance.



/mlc