CITY OF HOMER

HOMER, ALASKA

                                                                                        City Manager/

Public Works Director

ORDINANCE 09-55(S)(A)

 

AN ORDINANCE OF THE CITY COUNCIL OF HOMER, ALASKA, AUTHORIZING THE CITY MANAGER TO ACCEPT AND APPROPRIATE AMERICAN RECOVERY AND REINVESTMENT ACT FUNDING (ARRA-STIMULUS BILL) IN THE FORM OF A LOAN (90% FORGIVEN UPON PURCHASE) IN THE AMOUNT OF $200,000 AND AMENDING THE FY 2009 CAPITAL BUDGET BY APPROPRIATING $20,000 (10% NOT FORGIVEN PORTION) FOR THE PURPOSE OF CONSTRUCTING ONE PRESSURE REDUCING VAULT (PRV) STATION ON MATTOX STREET TO REPLACE THE PRV AT LAKESIDE.

 

            WHEREAS, The American Recovery and Reinvestment Act (ARRA) contained funding that was directed to the Clean Drinking Water Revolving Loan Fund; and

 

            WHEREAS, The Drinking Water Revolving Loan Fund can be used to finance improvements to drinking water treatment and distribution systems; and

 

            WHEREAS, Constructing one pressure reducing vault station on Mattox Street to replace the PRV at Lakeside is needed; and

 

            WHEREAS, The Mattox Street PRV will be constructed; and

 

            WHEREAS, Funding is offered in the form of a loan in the amount of $200,000 (90% forgiven upon purchase) if the City successfully completes the project; and

 

            NOW, THEREFORE, THE CITY OF HOMER ORDAINS:

 

            Section 1.  The Homer City Council hereby authorizes the City Manager to make application for, accept, execute a loan agreement for, manage, and appropriate ARRA funding in the form of a loan through the Drinking Water Revolving Loan Fund ADWF in the amount of $200,000 which is 90% forgiven upon successful completion of the project as follows:

 

Account                      Description                                    Amount

215-833                       Loan/PRV Stations                           $20,000                        

 

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

 

            ENACTED BY THE HOMER CITY COUNCIL this 23rd day of November, 2009.

CITY OF HOMER

 

 

                                                                        ______________________________           

                                                                         JAMES C. HORNADAY, MAYOR

 

 

ATTEST:

 

 

______________________________

JO JOHNSON, CMC, CITY CLERK

 

 

YES:

NO:

ABSENT:

ABSTAIN:

 

First Reading:

Public Hearing:

Second reading:

Effective Date:

 

Reviewed and approved as to form:

 

______________________________                        ______________________________

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

 

Date: _________________________                                    Date: _________________________