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Sponsored by: Oates <br />CITY OF SEWARD, ALASKA <br />RESOLUTION 2009-048 <br />A RESOLU'T'ION OF THF, CITY COUNCIL OF THE CITY OF SEWARD, <br />.4LAS1{A, AUTHORIZING THE CITY MANAGER TO ENTER INTO A <br />CONTRACT WITH PENINSULA CONSTRUCTION, INC. FOR AN <br />AIVIOUNT NOT TO EXCF,ED $281,500 TO COMPLETE THF. LIFT <br />STATION #3 BUILDING ELECTRICAL, UPGRADE PROJECT, AND <br />APPROPRIATING FUNDS <br />WHEREAS, the City of Seward has a loan application pending with the Alaska Departtneut <br />of Conservation Clean Water Fund for the amount of $278,000; and <br />WHEREAS, it is anticipated that funding in the amount of $278,000 will be offered to the <br />City of Seward in the form of a 5 year loan at an annual interest rate of 1.5 %; and <br />WHEREAS, it is anticipated that $250,000 of the $278,000 loan principal will be forgiven <br />through the American Recovery and Reinvestment Act of 2009; and <br />WHEREAS, with the transfer of $3,500 from the 2009 Wastewater Operating Budget <br />Account No.703-7900-5390 to Accoun[ No. 703-0000-3071-0703 the amount of 5281,500 will he <br />available for the Lift Station #3 Building Electrical Upgrade Project. <br />NOW, THEREFORE,, BE IT RESOLVEll BY THE CITY COUNCIL OFTHE CITY <br />OF SF,WAI2D, ALASKA that: <br />Section 1. The City Manager is hereby authorized to enter into an agreement with Peninsula <br />Construction, Inc. for an amotmt not to exceed $281,500, in substantially the following form. <br />Section 2. Funds in the amount of $281,500 are hereby appropriated as follows: 1) transfer <br />$3,500 from Acct. No. 701-7400-5390 to Acct. No. 703-0000-3071-0701: 2) appropriate fluids from <br />Account No. 703-0000-3050. <br />Section 3. This resolution shall take affect immediately upon its adoption. <br />PASSED AND APPROV F,D by the City Cowicil of the City of Seward, Alaska, this 8`~ day <br />of June, 2009. <br />THE CITY OF SEWARD, ALASKA <br />`~ Bob Valdatta <br />Senior Councilmetnber <br />