CITY OF HOMER

HOMER, ALASKA

                                                                                                      City Manager

ORDINANCE 07-08(A)

 

 

AN ORDINANCE OF THE CITY COUNCIL OF HOMER, ALASKA ACCEPTING A DONATION FROM THE HOMER VOLUNTEER FIRE DEPARTMENT (HVFD) MEMBERSHIP ASSOCIATION IN THE AMOUNT OF $34,588.42; DEPOSITING THE FUNDS IN AN ALASKA MUNICIPAL LEAGUE INVESTMENT POOL (AMLIP) ACCOUNT ESTABLISHED FOR HVFD DONATIONS; AND PLACING RESTRICTIONS UPON THE USE OF THE FUNDS.

 

WHEREAS, Eight years ago the HVFD Membership Association received a generous gift from the Homer Egbert Trust in the Amount of $34,588.42; and 

 

WHEREAS, The Egbert’s only stipulation regarding the use of the money was that it be directed toward “something meaningful and lasting”; and

 

WHEREAS, Last year the HVFD Membership Association Board voted to move the money to the City Of Homer Fire Department to be used as seed money for a fire training facility; a project currently identified as a need in the adopted City of Homer Capital Improvement Program; and

 

WHEREAS, The HVFD Membership Association requested assurances that if the money was transferred to the City, that it would be secure, that it be used for its intended purpose, and that it was not subject to re-appropriation by a future City Council; and

 

WHEREAS, The City of Homer has an investment account with the Alaska Municipal League Investment Pool (AMLIP) that is already established to hold, invest, and account for donations to the Homer Volunteer Fire Department; and

 

WHEREAS, The AMLIP Account established for Fire Department donations is a Reserve Account that is designated for restricted and specific uses and funds deposited there cannot be re-appropriated by future City Councils for other uses.

 

NOW, THEREFORE, THE CITY OF HOMER ORDAINS:

 

Section 1: The Homer City Council hereby accepts a donation in the amount of $34,588.42 from the HVFD Membership Association; directs the City Manager to deposit said funds into the AMLIP Fire Department Donation Account; and declares that these funds shall only be used as seed money for a fire training facility unless the HVFD Membership Association requests that it be used for another purpose within the Fire Department.

 

Section 2:  This is a budget ordinance, is not of a general or permanent nature, and shall not be incorporated into the Homer City Code.

 

PASSED AND ENACTED BY THE CITY COUNCIL OF HOMER, ALASKA this _____ day of ___________________ 2007.

 

 

                                                                                    CITY OF HOMER

 

 

                                                                                    _____________________________

                                                                                    JAMES C. HORNADAY, MAYOR

 

 

ATTEST:

 

 

______________________________

JO JOHNSON, CMC, CITY CLERK

 

YES:

N0:

ABSTAIN:

ABSENT:

 

First Reading:

Public Hearing:

Second Reading:

Effective Date:

 

Reviewed and Approved as to form and content:

 

 

Walt Wrede, City Manager                                            Gordon J. Tans, City Attorney

 

 

Date:_______________                                                  Date:_______________

 

 

Fiscal Note: $34,588.42 donation