A RESOLUTION OF THE HOMER CITY COUNCIL AUTHORIZING FORMATION OF THE KACHEMAK DRIVE PHASE ONE WATER ASSESSMENT DISTRICT AT 75% PROPERTY OWNER SHARE OF ASSESSMENTS AND AUTHORIZING THE CITY MANAGER TO PROCEED WITH THE PREPARATION AND CONSTRUCTION OF THE KACHEMAK DRIVE PHASE ONE WATER PROJECT.

WHEREAS, The Kachemak Drive Phase I Water District boundary contains lots fronting a portion of Kachemak Drive on the southwest end in the Homer Airport, Government Lot 21, Keta Cliffs, John B. Fenger, and Carroll Subdivisions; and

WHEREAS, In compliance with Chapter 17, Improvement District, of the Homer City Code, the City Council of the City of Homer created the Kachemak Drive Phase One Water Local Improvement District (LID) on April 11, 2005 via Resolution 05-42 and a public hearing was held on May, 24, 2005; and

WHEREAS, Property owners were duly notified by certified/return receipt mailing of such hearing and legal notice of hearing being advertised in a local weekly newspaper for four consecutive publications; and

WHEREAS, The objection deadline for written protests was July 23, 2005, with no written objections filed; and

WHEREAS, The estimated project cost is $397,210.00 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 $18,619.22 assessment per parcel; and

WHEREAS, The Kachemak Drive Phase One Sewer Assessment District was approved for Construction by the City Council via Resolution 04-11, on January 12, 2004.

NOW, THEREFORE, BE IT RESOLVED by the City Council of Homer, Alaska that the formation of the Kachemak Drive Phase One Water Assessment District is hereby authorized at 75% property owner share of the project, in equal shares per parcel, and that the City Manager is hereby authorized to proceed with the preparation and construction of the Kachemak Drive Phase One Water Project.

PASSED and APPROVED by the City Council of the City of Homer, Alaska this 25th day of July, 2005.

CITY OF HOMER

_________________________

JAMES C. HORNADAY, MAYOR

ATTEST:

_______________________________

MARY L. CALHOUN, CITY CLERK

Fiscal Note: Estimated project cost is $397,210.00, total property owner assessments at 75%, $297,907.50. 16 parcels = estimated at $18,619.22 assessment per parcel.