CITY OF HOMER

HOMER, ALASKA

Mayor

RESOLUTION 08-91

 

A RESOLUTION OF THE CITY COUNCIL OF HOMER, ALASKA, SUPPORTING LEGISLATION INTRODUCED BY SENATOR LISA MURKOWSKI REGARDING TREATMENT OF AMOUNTS RECEIVED IN CONNECTION WITH THE EXXON VALDEZ LITIGATION AND URGING PASSAGE OF THIS LEGISLATION PRIOR TO COMPLETION OF THIS 2ND SESSION OF THE 110TH CONGRESS.

 

            WHEREAS, The Exxon Valdez Oil Spill settlement, as finally adjudicated, will provide partial compensation to many people injured by the Exxon Valdez Oil Spill; and

 

            WHEREAS, The compensation to be received is far less than the original judgment, which has made financial planning even more critical; and

 

            WHEREAS, Senator Lisa Murkowski of Alaska has introduced legislation to the 110th Congress of the United States to allow amounts received in connection with the Exxon Valdez litigation to be 1) income averaged, 2) contributed to an eligible retirement plan, and 3) not be treated as self employment income or wages.

 

            NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Homer, Alaska, whose citizens suffered severe economic, cultural, and social harm from the Exxon Valdez Oil Spill disaster fully supports the legislation introduced by Senator Lisa Murkowski regarding the treatment of amounts received in connection with the Exxon Valdez litigation and urges passage of this legislation prior to the completion of this 2nd Session of the 110th Congress.

 

PASSED AND ADOPTED by the Homer City Council this 25th day of August, 2008.

                                                                                               

                                                                                    CITY OF HOMER

 

 

                                                                                                                                               

JAMES C. HORNADAY, MAYOR

ATTEST:


______________________________

JO JOHNSON, CMC, CITY CLERK

 

Fiscal information: N/A.