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CITY OF SEWARD, ALASKA
RESOLUTION 2012 -016
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD,
ALASKA, STATING AN INTENT TO FUND $400,000 FOR THE MAPLE
STREET SEWER LINE PROJECT SUBJECT TO RECEIVING A LOAN IN
THAT AMOUNT, AUTHORIZING A LOAN APPLICATION WITH THE
ALASKA CLEAN WATER FUND AND AUTHORIZING THE CITY
MANAGER TO ACCEPT A LOAN OFFER FROM THE ALASKA
DRINKING WATER FUND WITH PAYMENTS SUBJECT TO BI- ANNUAL
APPROPRIATION
WHEREAS, in 2010 City staff identified several issues necessitating the addition of 850
linear feet of gravity sewer main on Maple Street; and
WHEREAS, in 2011 Staff completed and submitted the required questionnaire to compete
for loan monies being offered by the Alaska Clean Water Fund; and
WHEREAS, this project was placed on the point source funding priority planning list for
fiscal year 2012; and
WHEREAS, the funding priority lists and the planning priority lists were amended upgraded
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this projects status and include the project in the point source funding priority list; and
WHEREAS, the City of Seward seeks to obtain the necessary financial assistance to
complete the Maple Street Sewer Main Extension by way of obtaining a loan from the State of
Alaska, Department of Environmental Conservation's Alaska Clean Water Fund.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF SEWARD, ALASKA that:
Section 1. The City of Seward is hereby committing to the State of Alaska (ADEC), its intent
to fund the $400,000 project, subject to receiving the loan described below.
Section 2. The City Manager is authorized to apply for a loan in the amount of $400.000
from the State of Alaska Department of Environmental Conservation, Clean Water Fund, for the
sewer system improvement known as Maple Street Sewer Main Extension.
Section 3. The City Manager is hereby authorized to execute any and all documents that may
be necessary to reflect the $400,000 loan from ADEC, the terms of its repayment over 20 years at a
rate of interest equal to 1.5% subject to bi- annual appropriations, including but not limited to an
`,,,� agreement for the loan and a promissory note.
CITY OF SEWARD, ALASKA
RESOLUTION 2012 -016
Section 4. This resolution shall take effect immediately upon its adoption.
PASSED AND APPROVED by the City Council of the City of Seward, Alaska, this 13` day of
February, 2012.
THE CITY OF SEWARD, ALASKA
David Seaward, Mayor
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AYES:
NOES:
ABSENT:
ABSTAIN:
ATTEST:
Johanna Kinney, CMC
City Clerk
(City Seal)