HomeMy WebLinkAboutRes2000-037
I
I
.
Sponsored by: Janke
CITY OF SEWARD, ALASKA
RESOLUTION 2000-037
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD,
ALASKA, CONFIRMING THE SPECIAL ASSESSMENT ROLL OF THE
FOREST ACRES IMPROVEMENT DISTRICT, PROVIDING FOR THE
LEVY, PAYMENT SCHEDULE AND PENALTIES OF THE SPECIAL
ASSESSMENT DISTRICT AND APPROPRIATING FUNDS
WHEREAS, after a public hearing, the City Council of the City of Seward, Alaska did
authorize the construction of improvements described as the Forest Acres Improvement District;
and
WHEREAS, a special assessment has been proposed which will apportion the cost of the
improvement among the properties to be benefitted by it; and
WHEREAS, after conducting a public hearing, the City Council has found that the
method of assessment proposed by the city administration and attached hereto is a fair method of
apportioning the costs of the improvement; and
WHEREAS, the improvements for the Forest Acres Improvement District was completed
for a total cost of$158,445 which was $788 over the budget of$157,657.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF SEWARD, ALASKA, that:
Section 1. The Special Assessment Roll, a copy of which is attached and incorporated
herein by reference, for the Special Improvement District described as the Forest Acres
Improvement District is hereby approved and confirmed.
Section 2. Assessments are hereby levied against the properties set forth in the Special
Assessment Roll in the amounts set opposite each property in such roll.
Section 3. Installment payment of the assessment against each property is hereby declared
acceptable with the payments being made pursuant to the following schedule:
Annual Payment Date:
Rate ofInterest:
July 1
Deferred or installment payments of special
assessments shall bear interest at an annualized rate
of the lesser of (1) the prime rate published in the
CITY OF SEWARD, ALASKA
RESOLUTION 2000-037
Number of Annual Installments:
Penalty for Late Payment:
Anchorage Daily News Business section under
Money Rates for the date the resolution confirming
the special assessment roll is adopted plus 2% or (2)
15 percent.
10
12%
Section 4. Additional funding in the amount of $788.42 be appropriated to the Forest
Acres Improvement District (FAID) Capital Project Fund of which $537.84 be appropriated from
the Electric Enterprise Fund retained earnings, account no. 501-0000-3075 to the FAID Capital
Project Fund, account no. 667-6673-5XXX; $89.70 be appropriated from the General Fund fund
balance, account no. 101-0000-3075 to the FAID Capital Project Fund, account no. 667-6670-
5XXX; $80.42 for the water improvements be appropriated from the Water/Sewer Enterprise
Fund retained earnings, account no. 701-0000-3075 to the FAID Capital Project Fund, account
no. 667-6671-5XXX; and $80.46 for the sewer improvements be appropriated from the
Water/Sewer Enterprise Fund retained earnings, account no. 701-0000-3075 to the FAID Capital
Project Fund, account no. 667-6672-5XXX; to close out the project as of December 31,1999.
Section 5. This resolution shall take effect immediately upon its adoption.
PASSED AND APPROVED by the City Council of the city of Seward, Alaska, this 10th
day of April, 2000.
THE CITY OF SEWARD, ALASKA
r(- il c.. ~ LI
. '
Edgar Blatchford, Mayor
AYES:
NOES:
ABSENT:
ABSTAIN:
Blatchford, Brossow, Calhoon, Clark, King, Off, Shafer
None
None
None
ATTEST:
~/f:t
,'" ~ ......... ':4.A." f'-
$ C>'..~~~PO~.:'Y() \.
~ (~$' :'leap ~" ~
= ! SEAL '\ :
-e: le-
= ~ : =
... -...
~ . . -
" .ft ....V,h ~...::
.. u~ ":';JVE 1 ,\,~."-..,. ~
~~ -.,~,....&..\J..CO~,~
.,.~ OF ~ "......
"'""1"'"