CITY OF HOMER

HOMER, ALASKA

                                                                                                          Chesley

RESOLUTION 08-07(A)

 

A RESOLUTION OF THE CITY COUNCIL OF HOMER, ALASKA, ESTABLISHING A SUSTAINABILITY FUND.

 

            WHEREAS, The Homer City Council approved and adopted a Climate Action Plan (Resolution 07-106) at its regular meeting on December 10, 2007; and

 

            WHEREAS, The section of the Climate Action Plan entitled “Implementation” recommends that the Council establish a “Sustainability Fund” to contribute to the costs  of implementing the Plan; and

 

            WHEREAS, Possible sources of revenue for the Fund may include direct budget appropriations, grant funding, private donations, voluntary “offset” contributions, and specialized taxes and fees; and

 

            WHEREAS, It is desirable to include a chart of accounts for the purposes of tracking expenses and savings related to implementation of the CAP; and

 

            WHEREAS, Possible uses of the fund are listed on page 40 of the Climate Action Plan and all have a direct connection to plan implementation.

           

            NOW, THEREFORE, BE IT RESOLVED that the Homer City Council hereby finds that it is in the best interest of the City to establish a Sustainability Fund and authorizes the Administration to take the necessary steps to do so.

 

            BE IT FURTHER RESOLVED that the Council wishes to establish the Sustainability Fund as a Fiduciary Fund within the City’s Chart of Accounts for the sole purposes described above, and that appropriations from the account may only be made by  budget ordinance.

 

            BE IT FURTHER RESOLVED that a Chart of Accounts for the purposes of tracking proceeds related to the CAP and uses for the monies will be established.

 

            BE IT FURTHER RESOLVED the Council may establish a formal set of program regulations as needed.

 

PASSED AND ADOPTED by the Homer City Council this 14th day of January, 2008. 

 

                                                                        CITY OF HOMER

 

 

                                                                        _____________________________

                                                                        JAMES C. HORNADAY, MAYOR

ATTEST:

 

______________________________

JO JOHNSON, CMC, CITY CLERK

 

Fiscal Note: N/A