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HomeMy WebLinkAboutRes2005-078 Sponsored by: Corbridge .... CITY OF SEWARD, ALASKA RESOLUTION 2005-78 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA DETERMINING IT TO BE IN THE PUBLIC INTEREST AND NECESSARY TO PROCEED WITH THE PROPOSED IMPROVEMENT DISTRICT FOR AND BENEFITING LOTS CA, CB, CS~ CT, CU, CV, CW, CX, CY, AND CZ OF FOREST ACRES SUBDIVISION AS SHOW ON PLAT 78-6 AND LOTS 1 THROUGH 14 OF AFOGNAK ACRES SUBDIVISION NO. 1 FOR AN AMOUNT NOT TO EXCEED ONE HUNDRED ELEVEN THOUSAND NINE HUNDRED SEVENTY-THREE DOLLARS AND THIRTY TWO CENTS ($111,973.32) AND APPROPRIATING FUNDS WHEREAS, on January 10,2005 the City Clerk's office received a petition from Steve Schafer, Secretary of Afognak Construction and Excavation, Inc.; and WHEREAS, the Electric Department has reviewed the petition request and provided cost estimates to provide electrical service to the area with a couple of changes to the petitioners' request; and .... WHEREAS, the total estimated costs for the special improvement district would be approximately One Hundred Eleven Thousand Nine Hundred Seventy-Three Dollars and Thirty Two Cents ($111,973.32) and this costs would be divided among 24 lots as recommended by the Electrical Department for an estimated cost per lot of Four Thousand Six Hundred Sixty-Five Dollars and Fifty-Six Cents ( $4,665.56); and WHEREAS, after completion ofthe project, the actual costs will be calculated to determine the final assessment; and WHEREAS, administration is requesting authorization to expend up to One Hundred Eleven Thousand Nine Hundred Seventy-three Dollars and Thirty Two Cents ($111,973.32) for the electrical improvements in case of unforeseen expenditures, however only the actual costs will be assessed and the Electric Enterprise Fund has the available funding for the project; and WHEREAS, a public hearing was held on September 12,2005 concerning the establishment oflots CA, CB, CS, CT, CU, CV, CW, CX, CY and CZ of Forest Acres Subdivision as shown on Plat 78-6 and Lots 1 through 14 of Afognak Acres Subdivision No.1. NOW THlf.Rlf.lfOlH'. Rlf. TT Rlf."-OT Vlfn RV THlf. (",TTV ("'OTTN("'TT Olf TUlf ("'TTV CITY OF SEWARD, ALASKA RESOLUTION 2005-78 ..J Section 1. The special improvement district Electrical hnprovement District will include the area as follows: Lots CA, CB, CS, CT, CU, Cv. Cw, CX; CYand CZ of Forest Acres Subdivision as shown on Plat 78-6 and Lots 1 through 14 of Afognak Acres Subdivision No.1. Section 2. After full review by the City Council of all the facts and opinions presented, it is hereby found and determined that the proposed special improvement district is in the public interest necessary and will benefit the property to be assessed. Section 3. The City Manager is hereby authorized and directed to proceed with the design and construction of the special improvement district. Section 4. The City Manager is hereby authorized and directed to keep account of all of the costs and the improvement including acquisition of interests in land for the improvement including design, engineering, administration, overhead, professional services, guarantee fund, bond or loan costs and interest incurred as a result of the improvement, and all other costs resulting from the construction of the improvement. Section 5. Funds in the amount of One Hundred Eleven Thousand Nine Hundred Seventy- three Dollars and Thirty Two Cents ($111,973.32) are hereby appropriating to finance this Electrical ...J hnprovement District from the Electrical Fund retained earnings account no. 501-0-3070-503 to the Electric Assessment District Fund no. 503-5030-5925. Section 6. This resolution shall take effect immediately upon its adoption. PASSED AND APPROVED by the City Council of the City of Seward, Alaska, this lzth day of September, 2005. THE CITY OF SEWARD, ALASKA i~~~ Vanta Shafer, May r AYES: NOES: Branson, Dunham, Val datta, Clark, Lorenz, Shafer AmberQ CITY OF SEWARD, ALASKA RESOLUTION 2005-78 ..... ATTEST: J~~~_~ City Clerk "",UII."" (City Seal) ~,,~~ ~~'~~~~#"'; $ c} ....Or.flOFiq';;.. ~ '::. ~ ...~c; ~" ";"~ - :~ ~ ~: - . \ t'II :: 0:. SEAL : €I E 111I . : ... -:". -eo- .." :: ~ ... w. ,CV,OII! ~ :: -:. Ul>....vJ\l~ 1 '\<;\ ..' .1) ;". -., ,... .. ':: I .' \..."';, ,c... ..,.~ .;y)") ...u~.. ~..; .'~'" 'l"'~r 1.: OF ~~~~'..~. "'fln~t.t. .... COUNCIL AGENDA STATEMENT Meeting Date: September 12, 2005 From: Kirsten Vesel, Assistant City Manager Through: Clark Corbridge, City Manager Agenda Item: lots CA, CB, CS, CT, CU, CV, CW, CX, CY and CZ of Forest Acres Subdivision as shown on Plat 78-6 and Lots 1 through 14 of Afognak Acres Subdivision No. 1 Electrical Improvement District. BACKGROUND & JUSTIFICATION: On January 10, 2005 the City Clerk’s office received a petition to form an assessment/ improvement district from Steve Schafer the Secretary of Afognak Construction and Excavation Inc. for the Afognak Acres No. 1 Subdivision and lots CS, CT, CU, CV, CW, CX, CY and CZ of Forest Acres. The petition included 22 properties all of which were owned by Steve Schafer at the time the petition was received with the exception of lot CV. The Electric Department has reviewed the petition request and provided cost estimates to provide electrical service to the area with modifications to the petitioners’ request. The Electrical Department recommended adding 2 adjacent lots in order to extend the existing infrastructure and service the Afognak Acres No.1 Subdivision. Based on the existing design of the infrastructure, the most desirable routing pathway and the most cost efficient extension the electrical department recommends including 2 additional lots to the electrical assessment described as: lots CA, CB of Forest Acres Subdivision as shown on Plat 78-6. Based on the Electrical Departments recommended improvement district for the electrical ’ service extension, the estimated cost is One Hundred One Thousand Nine Hundred Seventy-three Dollars and Thirty Two Cents ($101,973.32). In addition there would be a ten percent administration fee or Nine Thousand Two Hundred Seventy Dollars and Thirty Cents ($9,270.00) to cover the costs of administrating the improvement district assessments. City Code Section 5.20.035 states that the costs of an improvement shall be “ the actual costs of the improvement, design, engineering, administration, overhead, “ professional services, guarantee fund, bond costs and interest incurred as a result of the improvement and all other costs resulting from the construction of the improvement. ” After completion of the project, the actual costs will be calculated to determine the final assessment. The Electrical Department is also recommending that the costs be allocated by lot. After the project has been completed, the final assessment will be determined, the interest rate and payment term will be set by Council following a public hearing to set the assessment roll. It is also important to note that the timing of this improvement district is such that the electrical service extension will probably not be completed until after this winter season. Financial Analysis: Based on the above, the total estimated costs for the special improvement district would be approximately One Hundred One Thousand Nine Hundred Seventy-three Dollars and Thirty Two Cents ($101,973.32). This cost would be divided equally among 24 lots as recommended by the Electrical Department for an estimated cost per lot of Four Thousand Two Hundred Forty Eight Dollars and Eighty-Nine Cents ($4,248.89). Administration is requesting authorization to expend up to One Hundred One Thousand Nine Hundred Seventy-three Dollars and Thirty Two Cents ($101,973.32) for the electrical improvements; however only the actual costs will be assessed. The improvement district does add value to each lot that could eventually be recovered if the lot is sold. CONSISTENCY CHECKLIST: Yes No 1. Comprehensive Plan X 2. Strategic Plan X 3. Other ____ 4. Not applicable ____ FISCAL NOTE: Funding for the electrical service extension would be from the Electric Enterprise Fund which has available funding for the project. This resolution authorizes appropriations in the amount of One Hundred One Thousand Nine Hundred Seventy-three Dollars and Thirty Two Cents ($101,973.32) from the Electrical Fund retained earnings account no. 501-0-3070-503 to the Electric Assessment District Fund no. 503-5030-5925. Approved by Finance Department _______________________ RECOMMENDATION: City Council approves Resolution 2005_________ determining it to be in the public interest to proceed with the Special Improvement District called the lots CA, CB, CS, CT, CU, CV, CW, CX, CY and CZ of Forest Acres Subdivision as shown on Plat 78-6 and Lots 1 through 14 of Afognak Acres Subdivision No. 1 Electrical Improvement District and authorizing an amount not to exceed One Hundred One Thousand Nine Hundred Seventy- three Dollars and Thirty Two Cents ($101,973.32) and appropriating funds.