CITY OF HOMER

HOMER, ALASKA

City Manager/Public Works

ORDINANCE 09-31

AN ORDINANCE OF THE CITY COUNCIL OF HOMER, ALASKA, AMENDING THE FY 2009 OPERATING BUDGET BY AUTHORIZING THE EXPENDITURE OF $19,000 FROM THE WATER RESERVE FOR THE 10% LOAN MATCH REQUIRED TO COMPLETE THE MID-HILLSIDE PRESSURE REDUCING VALVE (PRV) STATION STAIRWAY PROJECT.

WHEREAS, The Mid-Hillside PRV Station Stairway Project is funded by the American Recovery and Reinvestment Act (ARRA); and

WHEREAS, After the enactment of Ordinance 09-14(S)(A) Public Works has learned that the loan for this project is only eligible for 90% forgiveness; and

WHEREAS, The City will actually be responsible for 10% of the $190,000 loan, or $19,000.

NOW THEREFORE, THE CITY OF HOMER ORDAINS:

Section 1. The FY 2009 Operating Budget is amended as follows:

Account No. Description Amount

Expenditure:

256-378 PRV Station Stairway (10%) $19,000

Section 2. This is a budget amendment ordinance, is not permanent in nature, and shall not be codified.

PASSED AND ENACTED by the Homer City Council this ______ day of ________ 2009.

CITY OF HOMER

_____________________________

JAMES C. HORNADAY, MAYOR

ATTEST:

______________________________

JO JOHNSON, CMC, CITY CLERK

Introduction:

Public Hearing:

Second Reading:

Effective Date:

AYES:

NOES:

ABSTAIN:

ABSENT:

Reviewed and approved as to form:

_______________________ ____________________________

Walt Wrede, City Manager Thomas F. Klinkner, City Attorney

Date: __________________ Date: _______________________

Fiscal Note: See Detail Above.