CITY OF HOMER

HOMER, ALASKA

City Manager

ORDINANCE 05-47

AN ORDINANCE OF THE CITY COUNCIL AUTHORIZING THE EXPENDITURE OF HOMER ACCELERATED WATER AND SEWER PROGRAM (HAWSP) FUNDS FOR THE KACHEMAK DRIVE PHASE TWO WATER AND SEWER ASSESSMENT DISTRICT PROJECT.

WHEREAS, The City Council adopted Resolution 05-43 on April 11, 2005,finding the need to create the Kachemak Drive Phase Two Water and Sewer Improvement District; and

WHEREAS, A public hearing was held on Tuesday, May 24, 2005 during a rescheduled Regular Meeting; and

WHEREAS, Resolution 05-81(S), adopted on July 25, 2005, notes that there were written objections equaling 23.75%, received during the sixty day objection period, ending July 23, 2005; and

WHEREAS, Assessment payments received from property owners will be placed into the HAWSP.

NOW, THEREFORE, the City of Homer Ordains:

Section 1. That use of the HAWSP Funds is hereby authorized for the Kachemak Drive Phase Two Water and Improvements:

Account No. Description Amount

Funding Source. HAWSP $3, 300.000.00

Expenditure: HAWSP Kachemak Drive Phase Two $3, 300.000.00

215-831 Water and Sewer

Section 2. This ordinance is a budget amendment only, is not of a permanent nature and is a non code ordinance.

PASSED AND ENACTED by Homer City Council this _______ day of ______________, 2005

CITY OF HOMER

_______________________

JAMES C. HORNADAY, MAYOR

Page Two

Ordinance 05-47

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: Estimated project cost is $3,277,953.00 with 25% paid for by the Homer Accelerated Water and Sewer Program and 75%, paid for by the property owners via the equal share per parcel methodology, equaling an approximate $28,586.80. er assessments at 75%, $297,907.50. 86 parcels, with two exemptions, of which will be paid by the program.

Six parcels may qualify for deferred assessment if Resolution 05-93 is adopted. The assessment will be born by HAWSP until such time as the property is sold, traded, or ownership is transferred in any manner at which time the assessments become due and payable to the City of Homer to reimburse the HAWSP.