HOMER, ALASKA
City Manager/Public Works
RESOLUTION 09-111
A RESOLUTION OF THE CITY COUNCIL OF HOMER,
ALASKA, AUTHORIZING THE CITY MANAGER TO APPLY FOR AND ACCEPT AMERICAN RECOVERY
AND REINVESTMENT ACT FUNDING (ARRA-STIMULUS BILL) IN THE FORM OF A LOAN (90%
FORGIVEN UPON PURCHASE) IN THE AMOUNT OF $500,000 FOR THE PURPOSE OF REPLACING
FOUR PRESSURE REDUCING VAULT (PRV) STATIONS.
WHEREAS, At the October 26, 2009 City Council Meeting
it is expected that Council will authorize the City Manager to apply for,
execute, and accept loan monies to replace four existing pressure reduction vaults
on the water distribution system in the amount of $500,000; and
WHEREAS, These funds are part
of the Water and Sewer Project Economic Stimulus Program funded through the
ADCE and ADWF; and
WHEREAS, Public Works will need assistance to meet the
funding deadlines established under the program; and
WHEREAS, A signed contract is needed prior to January
16, 2010; and
WHEREAS, The project consists of the replacement of
four underground pressure reducing vaults (PRV’s), Effler, Switchback, Barnett,
and Mattox that are 35 years old and in need of replacement due to corrosion
and groundwater infiltration; and
WHEREAS, Replacement of the PRV stations will allow for
the installation of power generating turbines to proceed in a cost effective
manner; and
WHEREAS, By combining the Homer Water System Hydro
System Project with this PRV Replacement project, a more competitive
cost/benefit ratio can be presented to the Alaska Energy Authority and the City
will have a better chance of securing funding for the turbine/hydro project in
November when the third round of funding becomes available.
NOW, THEREFORE, BE IT RESOLVED that the City Council of Homer, Alaska, hereby
authorizes the City Manager to apply for, accept, and execute an ACWF loan
agreement in the amount of $500,000 the purpose of replacing four Pressure
Reducing Vault Stations.
PASSED
CITY OF HOMER
_____________________________
JAMES C. HORNADAY, MAYOR
ATTEST:
______________________________
JO JOHNSON, CMC, CITY CLERK
Fiscal Note: Acct. No.
215-833 ACWF Loan in the amount of 500,000.