HOMER,
City Manager
ORDINANCE 07-08(A)
AN ORDINANCE OF THE
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.
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
_____________________________
JAMES C. HORNADAY, MAYOR
ATTEST:
______________________________
JO JOHNSON,
YES:
N0:
ABSTAIN:
ABSENT:
First
Public Hearing:
Second
Effective Date:
Reviewed and Approved as to form and content:
Date:_______________ Date:_______________
Fiscal Note: $34,588.42 donation