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HomeMy WebLinkAboutRes2017-024Sponsored by: Hunt CITY OF SEWARD, ALASKA RESOLUTION 2017-024 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, INCREASING THE MILL RATE FROM 3.12 MILLS TO 3.84 MILLS TO ACCOUNT FOR COSTS ASSOCIATED WITH THE ISSUANCE OF $3 MILLION IN GENERAL OBLIGATION BONDS FOR ROAD IMPROVEMENTS IN ACCORDANCE WITH RESOLUTION 2017- 003 WHEREAS, the Seward City Council passed Resolution 2016-045 on July 25, 2016 providing for a proposition to be placed on the ballot at the election on October 4, 2016, seeking voter approval to issue up to $3 million in general obligation bonds of the City for the purpose of planning, designing and constructing road improvements; and WHEREAS, the results of said election were as follows: "Yes" votes were 297 and "No" votes were 108, for a 74% favorable vote affirming the issuance of general obligation bonds; and WHEREAS, the ballot proposition language stated that, "The bonds shall be secured by a pledge of the full faith and credit of the City. It is expected that annual payment of principal and interest on the Bonds will be Two Hundred Thirty Thousand Dollars ($230,000), or a 0.72 increase in the mill rate (from 3.12 mills to 3.84 mills, equal to an increase of $72 per $100,000 in property value) or the approximate equivalent of a one -fifth of one percent (0.005) sales tax (from 4.0% to 4.2%)"; and WHEREAS, the City has secured $2.8 million in additional state and federal funds to address a large portion of local road improvement needs, and the additional $3.0 million in local funding will enable the City to complete the majority of its identified road projects; and WHEREAS, the City has no outstanding debt related to roads or sidewalks, and the only general obligation bonds are for the Library/Museum with an outstanding balance at December 31, 2016 of $3,210,000; and WHEREAS, the State of Alaska Department of Transportation will be managing the road improvements project and the contract for the project will be let by the State of Alaska in accordance with State competitive procurement requirements, with additional work on the project on the City's behalf, to be considered additive to the main State contract. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, that: CITY OF SEWARD, ALASKA RESOLUTION 2017-024 Section 1. The mill rate of the City of Seward is hereby increased from 3.12 mills to 3.84 mills to account for costs associated with the issuance of $3 million in General Obligation bonds for road improvements in accordance with Resolution 2017-003. Section 2. The total assessed valuation as determined by the Kenai Peninsula Borough Assessor, and any supplemental assessment rolls for said period which may be certified by the Borough Assessor at a future date, shall be the basis for computing estimated property tax revenues for the City of Seward, Alaska. Section 3. Unless subsequently amended by the Seward City Council prior to the Kenai Peninsula Borough deadline for levying the 2018 real and personal property tax, the City of Seward's property tax is hereby levied at the rate of 3.84 mills per dollar of assessed valuation in Municipal Service Zones One (Borough designation TCA 40) and Two (Borough designation TCA 41). Section 4. Unless subsequently amended by the City Council, the 0.72 mill rate increase in this resolution shall end the first year following retirement of the Road Improvement Bond that meets the Kenai Peninsula Borough levy notice deadline. Section 5. This resolution shall take effect immediately upon adoption. PASSED AND APPROVED by the City Council of the City of Seward, Alaska, this 24th day of April, 2017. THE CITY OF SEWARD, ALASKA Jts'ain Bardarson, Mayor AYES: Keil, Squires, McClure, Altermatt, Slater, Bardarson NOES: Casagranda ABSENT: None ABSTAIN: None ATTEST: (City Seal) 1 1 L Agenda Statement Meeting Date: April 24, 2017 To: City Council Through: Jim Hunt, City Manager �. From: Kristin Erchinger, Finance Director Agenda Item: Increase in property tax mill rate to cover costs of $3 million general obligation road bond BACKGROUND & JUSTIFICATION: The Seward City Council passed Resolution 2016-045 on July 25, 2016 providing for a proposition to be placed on the ballot at the election on October 4, 2016, seeking voter approval to issue up to $3 million in general obligation bonds of the City for the purpose of planning, designing and constructing road improvements. This funding is in addition to approximately $2.8 million in state and federal funds which the State of Alaska DOT will be administering on behalf of the City, to repair and upgrade local roads. An election was held on October 4, 2016 and the results showed a 74% approval rating in favor of issuing bonds for the road project (297 "yes" votes and 108 "no" votes). The ballot proposition language stated that, "The bonds shall be secured by a pledge of the full faith and credit of the City. It is expected that annual payment of principal and interest on the Bonds will be Two Hundred Thirty Thousand Dollars ($230,000), or a 0.72 increase in the mill rate (from 3.12 mills to 3.84 mills, equal to an increase of $72 per $100,000 in property value) or the approximate equivalent of a one -fifth of one percent (0.005) sales tax (from 4.0% to 4.2%)". The City expects to issue bonds prior to the Council meeting of April 24, and the bond closing is slated for April 26 in Seattle. The City has no outstanding debt related to roads or sidewalks, and the only general obligation bonds are for the Library/Museum with an outstanding balance at December 31, 2016 of $3,210,000. The State of Alaska Department of Transportation will be managing the road improvements project and the contract for the project will be let by the State of Alaska in accordance with State competitive procurement requirements, with additional work on the project on the City's behalf, to be considered additive to the main State contract. INTENT: To increase the mill rate to cover the cost of $3 million in general obligation bonds for the purpose of road improvements. CONSISTENCY CHECKLIST: Yes No N/A 1. Comprehensive Plan (document source here): 2. Strategic Plan (document source here): 3. Other (list): Resolution 2016-45 and Resolution 2017-003 X FISCAL NOTE: The annual debt service payments are expected to be approximately $230,000 resulting in an increase in the mill rate from 3.12 to 3.84 mills. Approved by Finance Department: 6 �� ° V-- ATTORNEY REVIEW: Yes No X RECOMMENDATION: Council approves Resolution 2017- 024 approving an increase in the property tax rate from 3.12 to 3.84 mills, in accordance with the proposition approved by the voters of the City of Seward in the election of October 4, 2016. Meeting on September 12, 2016 as the Canvass Board for the City of herebySeward, do , questionedspecial needs and t, original and duplicate tally sheets, and questioned and special needs registers r the City precinct. Upon completion of the canvass, it ir opinion that the attached summary of election returns, compiled Board and recorded by the City Clerk, accurately reflects the totals shown on the Certificate of Election Returns (ballot statement) by the election board of the voting precinct for the October 4, 2016 Election, 100 A' REGOLAK" MUAICLINAE-KL HELD OCTOBER 4. 2016 October4,1016. The canvass took place on Iliursday, October 6. 2016. Theirtotalsare: 4uestioned Ballots Voted Special Needs Ballots Voted m 0 3 Tot2l Voted 77 Reason: No voter signature (Z) Total Rejected COUNTED Absentee Ballots Counted 64 Qut%tioned Ballots Counted 9 Special Needs Ballots Counted 3 Total Counted 76 Election Day Votes After Canvass Votes Told Votes Ristine Casa 169 39 208 Suzanne Towsley 159 25 184 John D. Hull, Jr. 44 6 50 Dale R. Butts 168 33 201 Erik R. Slater 165 41 206 Marianna Keil 161 42 203 Write® 6 0 6 October 4. 2016 City of Seward Rcgular Election Final Certificate of Results 101 1agel of2 FINAL CERTIFICATE Ip H CITY OF SEWARD REGULAR MUNICIPAL ELECTION Shall the City (if Seward incur deb: and issue general obligation kinds in an amount not to exceed three million dollars ($3,0 , 0) to finance the planning, design and construction of mad itnprovemunts in the City' The bonds shall be secured by a pledge of the full faith and credit of the City. 1t is expected that annual payments of principal and interest tin the Bonds will be Two Hun 'Thirty Thousand dollars ($230,(XX)), or a 0.72 increase in the mill rate (from 3.12 mills to 3.84 mills, equal to an increase of $72 per $100,000 in property value) or the approximate: equivalent of a tine -fifth of one percent (0.005) sales tax (from 4.0% to 4.2%). Yrl tio° 13�t � otes t , a11vass �'WTotal 'Votes �.G ....._... , _..� _w __._.. .., 1O 90 18 y 10 A total of 333 people voted at this cleofion. There were tad absentee in -person and by -mail ballots, There were 3 special needs ballots, There were 9 questioned ballots. Therefore. 410 voters turned out. on completion qt'rhe canvass, it is our opinion thin the results rompiled linve accurately rc tact the° n l totals for the Regular Citr Flection held October 4, 2016 in the C..` 4- qfSem-eink Alaska. Dated this ` day of October, 2016. Octotit r 4, 2016 City of Seward Replar Election Final Certificate of Resultx 102 Page 2 of 2 Agenda Statement Meeting Date: October 10, 2016 From: Brenda 1 Ballou, Acting City Clerk Agenda Item: Certification of the October 4, 2016 Regular City Election I 19 The City conducted its annual municipal election on Tuesday, October 4, 2016. The Canvass of the election was conducted on Thursday, October 6, 2016. A report stating the final results of the election, including votes cast by absentee and questioned voters, is attached for your certification. The newly -elected council members will l,w sworn and seated as the first item of business at the October 24, 2016 regular meeting. 1t3*IrFlt15h�ii�r�1�7_• 11�113 Certify the October 4, 2016 regular city 6-z-6,on and declare he results final. 99 The Sewaind PTinerix 11 Or, - Sejpberrlbei'29, 20116 ',' Flagin 7 Ilull S 4XTI ::1agia 8 r1"Fmtq at th a lRegiciii IN [xilriI A siallic nricsyt , 11 i ric1lip fliat. brce&A i it, 0. rehani ifilp 11 phik'111113 seveinithi in thr. fiaU slandiiii,8911 A linnibir, title conliplIctitill, lama S Iknll urn Jan rAniusiv in a, Lurne aAf 201 inflnuilles iffirid 3 3 dln. hoinie, first laaar with, a thillia of 1937 She edIged ant 1111mumalIcs Auidin), I]NrlgAe in ui1he standlinviii. (inial WIL eff fivic of Hoilricil's scollivile inuillunis fillilasIbed in the Top 119, and hinipird ibe ImIty Marriticis 111I to a ileflillif fit aile itqoon OR iftle. Aii[cliiaradiic Childmilon"i Daim, O"Ifilint fliaisilied, fulurillil, R111115111ing pIjiit alimcl of Ilicrisinin use 1phiabirinre Nihon Wrii II and Grace Chkitian 1poillicr Graxle Cilintain, sinvulid W)JAIM, nolm Sark Lhuiliquist also Iluinru mll in Ra anal inindirig Uffug t, 'nns dfik 11 d °Jiiotui 11 ele Micale andi Pinks I Sarlis LlaidiriuIut finihithrAll 171ii, avegallR with an ruin of 21:3919 Muclue and, IxierinN Ilnlimcard, 19111ill Oflid 21011111, MfliliViftify, Wiffil tillingis c(i 21:42,2 rxid 22:: 1 164, fAerbig's 61111C, niarlirmd a per wriall beof An ber Soptm:rrriacs Ccleall Petrankin and F"intrina Ainirillax1l and [Ymh ition D4117, allixt geggrull 01111t stimlig effnels. PrAnxiduit Inished 28thar 23:11362 Anxiand, was 31011:111 wItlit R]jI,ffMXj[3jl jl)O&tu)fZ3:jj 'j,jBjli)jjje Dow citeckmi In at No I ruurlitpu an. pitir-minall roiN ad of 24:243. In the JV cl!I06oa, Allfly Ci:,iym fivilisliecl 2411lli ovilivillf zi: 2A, W , wris 418th at 26:59,9. Nele Ito hallisinin and Kafism kmiriguaz I 52fild and 51dil, loqfcl: flvely. JjnIrPij[jUtojj[j @:111iiiheAll With 116guez chw161 ed lalat 28:15 (1 4111N)a peasociall niimrcil. Mwiflyn h4acaeatill Rt1,wlkxhi ChlisfiAllaxon 11110 1110i)HII IINk"Iq mi %like 100c. Milicste Was 57t1l &I y0iii1le CiiiristiNfiffiWin Wag 61 m at 30:24.8. 2 ,III IIIIRejjIIoini IIIiIIIII XC Vale RiqlOvil 111111 Gross counifty chaffillgonuhl'its sispl. 73 in &fldiatna GIRLS Ffnai Rusultz - svJm ircrks 7, F lorner23; 2. Gratcu Uhv�%tiaxl* 3. Nnywrt IM .4. Anchoe"O ch"Ttinn 90. INDIVIDUAL %su:1 .5 1. Anegan PlIt"Ma"' Wet, 19:37; 2. Audray. Raw CrUs' I iorlev, I 9:ft 0. Autumn E:uilgd, I forner, 19:47: 4. Tress O'Hare, ACS, M:52! 5. AIII&In VnnPlall, I WlMorl, 19:54; 6. Grace Gannon, i3ram, 2U:0f; P. Ruby Lindquist, SersaWO, ":03, H. Many Jackson, Grace, 2013: R, LaUniin Evarls, Horner, 20:28; IU. Now Mo- seley: IDuvas XUR; 11, Iwlhgrfeut Demleautif, Cbenuu,20:32.; 12, I.,akilit Elite, Grace, 2.036z M. I imW!,F Knott, Iii�lllOys f::rvnn Page 6 li TinI:ye aced mhawmr md 9 4cc- -,:6s I iornar° 2U:42.: 14. Iklaaddy Morgan, Grace, 2CM 15. Katie DavTo, I T orn or, 21:02; 16, Grace Anneift Gram. 21 33; IT Sirdle UndquIat, ftimrd, 2 IS9; '18. Amy I•War, Grace, 2 1!4 1; 19. Emma fftioro, SowaW, 21 A2: 20.. fiInis I Gang, Seward. 22: 10: 21. ::Iesfirry Reiman, AXw,S. 2218� 22, Anllra Wilsaa, Cmdave 22,24° 23. Ibmr,6 Crist, Redington, 22:32: 211. Igaty Kate l::I,rk,, ACS" 2.2.Q.1 215.. Ria Srnyke, Cordon, 22:42; 26. Rum SiDbek, ACS, 2:;.!:49: Zi'.. Ans',h- lir,, Fuller, ACS, 22:'M; 28. Coral 1:30,trosiaii, Sawaro, 2:W:6; 20. I:::arI. shy Radfick, ACS, 23AI; 30. Emma Artnarld, Saiffard, 2324, 31, S49'Wi Dow, Sa ai'd, 2*24; 12. KalaiVn 'NOffiNrOrth, VNWOZ, 'P.A:2.5; 33, Arn. leer lftov, Veld", 24:38; 34. Ntaki!,n - fle I Rffacker, ACS, 25::23.. Chfistimi. Sirward ,flag IpiliAzed up millid. (juilulps Epilen Lrn prilrosius and 13iii-ndrin Mc'Munry, I d1irr hialkhed 22vid :at 18:172, hile "WeNturvy raced his; 1wry I 11r, did oevi than fltmt w' tri, 76th rill Rj,RAtr , Ba, lyrilinniring thi:t year's Region 1111 fide He uIlludked A drine of f 564. 1 BackrAl by' lgrau's sumn.-sq, (11m, SUS boys' teclwin flnishrd thirill ltn 111r, tentat Irotalfsl, ialao- ing 111chind Horner r, nd Gra lia. biwinintu and Jadrn Van Dlyk afnin did we111l, coldrig 21,11th" 3 Ila and 32ind, reupilximvcly. Sintoin El'siles initindod not iiiie sairaliy'r effory by, piladinig 34th 2016III egloin III XC ZNO Region IN Cress Counilry ChairriplonshIps Hold Sept.. Zi in SoIdobta EnYS, Final Results TEAM T(YrALS 1. Homer 37; 2. ACS 50: 3. Gra"A 57; 4. Sward 10% 5. COMM OMM 133� . Houston 162. IN DR(IDUAL RESULTS 1. Hunter Kratz, Smurd, 16:541; 2. Wake Benneft, ACS, 16:01: 3. Zarh Hvirriderger. Conlova, 16:22; 4. front Fritzel, Grace, 16:20; 5. Jordan Bearhy, Homer, 16:42.; 6. Jacob Da. vis, Homer, 1645; 7. Lualants Favuto, Homer, 16a53; 0. dired Brant, Homer, 16:67; 9. Luke Fiftel. rvne, 17: 10; 10., Gabe Martin, Store, 17A0: 11. Chadle Menke, Homer, 17:29; 12. William Parks, ACS. 17:38; 1& Kalab Smith, ACS, 1 7:29;, 14. Ben Sobek. ACS, '17:40; IS. John Sanford, ACS. 17:41; 1& Vincent Coardiall, Grate, 1 7:50: � F. DernterWadwskil, Homr e ,69; 18. Levi Glonet, Gram, 1&027 19. Tahin KarlbPry, Grace, 18:090 20. Jons Knutson, Houston, 18:: 11; 21. Ethan Isaacson, Cmcn. 1e:13; 22. Zen Petroshis, SaRrard, 16:17; n. Bill Rich, Hamer, 1,9;2-[; PA, Ri- ley y Scan, Houston, 18,34, 25 Dif. n Fogg, ACS, 10:42; '28,'B;�Won MOIlurry, Seward, 18:40; P, Shgn. non LeMay, ACS, 18:602.0. Gags Frohnapefel, Cordova, 19:08; 29. Steven Gabom, Smard, 19:00; Sat falcon Whitcomb, Cordova, 19:19; 31. Roman Hamner, Sovard, 32. Jadrm Van r*e, Sword, 19:34; 33. leave Smoldon, Houston, 19:40; U- Simon Sahs3r Seward, 19:54; 35. Bryan McCollum, Wien, 20:29; 38. James Hasmck, ViNez., 20:41; 37. Rafael Alfam, SMldaz, 20:66; 38. Jo- seph Yourkoski, NNsVJ, 20:68; M. William Dealer, Cordova, 41). Lain Guim, Houston, 21:1 7; 41. Gavin Wadlis, Nildski, 21: 3' 3; 42. Kalob Conlin, Cordova, 22:54; Q. Ethan Becked, Cordova, 23:03; 44. Ben Swenson, Valdw., 22:12; 45. Aaden Hendrick, Houston, 2A:07; 48. Ben %Array, Cordova, ?4:5 F. �I, 11(1, E L j 1111" I E lH"� "I", P%l Rd R '1111111j, 4, 2 Uj 1�11 16 N01 I 1§11ZH I GJVEI N f1I 1 Uesdia:, Octul:eT 4, 20 16, thvr„u %ail Ili Ilto conductred it it Ilia Cify, of SorvatiI, Maiiha,u R egiflar Ndankillsa! Efultion:,in Rocaria:11CII vvM,`l,,i%vgrd IL iy Cando. I'lille 4 SEMAND CITT COUNCIL TWO YEAR )FII 111bye, firr mp CASA(PRANEyA 111:'I'LLI[e S)Wst ifUL1 , khal 1171fir 111 F111 3, Olaia R 0 AII I iq,. iffU I" MAnljAjjatjj Ab,laYhe, o1zhu, ol"ihe caphokkive NaUftlY Were'rharm w a imw*m (15mv I'm S CC f 0 102, 5 M� R%�'KARD 111"ROPOSEFFMWEQNHOIN GENERALOIRIAGATION BONDS FOIR SEWARD IIROAD INIPROVEMENTS 51111ifll the 01 fy Dc Sewiludincia debt wand um,aim plant u Ri OfAigniiiall iflatillil in R118niolind: n0i his exrou"i lihirec niiiiiiin dnihirs lS:3,0001,1000) tal finamr, 110 litunirai, iduirughui and coxisliustim: of mad lin1sinave, timitb hill niii City, The: bo"Ids Ovidi be sevinNi by a i4edgii nfibe hil! Wth„army credilef fiiii Oly In ii:,u expinvftd fliat ainnW ll,aipnurntaits ill'pirtricipall and mute rout luilll thC BDEWS WEI be Rry f9undhim!I 11ifqr I'llimssmil doJins: ($'2301 (Xlxii, Us a 01 72. inclIcase hi thle Mill 11 isle (Frgic 3 12 uril N in:3 84 ninth,, eq1i k! ire ac c iic� eme uit' 4p5i: os4litaija ir rjj� '5'12 per 3 1100,0100 in prilimmily vehiiii) or'at e ,,��7fljllagjij of a rItC lifiliU:i Ure iialiaent (,(I W15) ralos tiui nixin 4 DX, tu,l 2%), Itr ES 1:. A.')NK"NOOD w0ulidauitlhiXiPe dill 0510:1111,04Root: tli emoeini %3 inilliOndOill8r:i O1WNUAW10,13- l inn barrels nx ivad inriproarm inant pnqdecls NO IIA. "'Nall, vote wuilid nut INITI1107i:rX fk u.„mnumnluea DI'mIlf is mi1:zwi:&3 irunnpltomu dollkiiIq nF rdueuuurnrel olliLganDin itands for As pitnided hy AS I 5 DTXJ710. R Perim is itilaffied tin Vote whons dui: M111 Li,c at 111he drine dip flie eire riciiii: I .1blivin or'like, I inilled simmi, At 1CRIA IS 1CDXS OF aiip,W WBI be 1:8 YMITH Qr BBC WfljjjjjY loltyyy day"4 II)f hi '.Use; a imBleni OF Itic rut,% full at 111I I 011U), days:inlinedirAely, twacinding iiiiii etcctiillil: irn�giw�erix:: invuio, In SWO dlocInris at a iriudrimix, addrim widiiin (he 6ty o least, diii�y QD) dDys j:jlifi?I t the iiv�ilrpyricip:Rll,cIIC�r'�i��li Bill Whill:111116" Per5o:11 seckslOVDIC and iii not clisquakied r1urn VQtljiMd onrr Aftir'lle V 'Tf flue Shit, CUnatitUtign IIiie deadfivie iiair residlarillb Stu i licPilrtaill to vinte are iiijimidatii, 11111neir vater rviiiistrilition is SuildWySep, teiniher4,2016, := q�!slqp l"ry fiji� cIlN cill Office(NNNO Mv Ch"NO, r Offiry hT jind,11reliq ar, Surslcwx so 60 qffivo by Sepeenibmi, 2, 2 016), A 1 W du rvarn n nr moral rnut ,"IsFAn',ided lormcy prxeiriiIi. Au flivii entlirr, finic odic pci]h, are upen inn Fical town Da)ix of,'411to a Ill in, I unrnubull e In Yute bl�y icascin oll:lA anity, ill Iners 011 phywicall 0o2sui cqj:: 11, A mfin mi"ri ailillestall: librionfice 111a11a110lbryrrmnuml Ii"Ell file 'City Orr& Rinfil 1W1102dilry, Septem Jere" 241, 210,16 A vateir may w1e onalbeentiat [)fljlIjqif in, liliffmill art: 11 le u,"'Firia rif flike City cteiiI Nfoiii- dfllyselptivalibirr 119, 2016 Had CiBiritinfliblig flinriallol L Monday, (NItuilim, 3, 2016, Ili your are a cilludiflad venom ind connar, ahead e it. tul tile pinflu: YOU InKy wler, a fillwiall Neads I deiiiignallinqr kJt to YOU ''ranee imust. i5rl;,n t1l"i IQ� fljqX%H at OW Cil)0. 16,i'5 Offs fiihkiien SellAcnijkur 191, N16 thvvulgh Ockuliivv 2016, cii ien: thic 11yellficip No" 'afixiii aiii Olectitin Dinyoni 010miliar, 4:,, 1'i 11:6 ffymioi sunnoorm ymci latcN iteedig P-slisimce, U, rioadia piamectiviftid thic C: ty Citak;I11907 224 4016. ElIfieficill DajW1,11111iliudilly, ClIctaho 4, ZIM rx, I file picills 1,1'111 Ilh1v itipleiii ciiiii Irrimi 7!AID ni.irn 8:01111 pulit, I'llie M1109I lihice ibis intillited fit the limb Iblic Rlfllqlilitli„ Il01cated unn 12.5 1`9111hild Avi:111111111c, hili Scmard, Allaulka, 'Aii1ditionlif inibmisticlit ivyiardlinpifl lliuspueli1i; cil'the 2016 N4.unnilat 171ectiinningy, bc oblainedi by mi- tactilig: ini, Cdy Cieikli; Offlim tr RIO Box 167, StsNard, AIK 2q2xN�4 d:Nr 'aIj. 2N-4045 w 90722A 4046 Picuracall ifyou harxiii iwnvpr Bienda,J BiliIle ili,104C Aciing, Ci�y (,'Ixk