HomeMy WebLinkAboutRes2021-003 PULLED
PULLED FROM AGENDA
Sponsored by: Regis
CITY OF SEWARD, ALASKA
RESOLUTION 2021-003
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD,
ALASKA, CONFIRMING THE SPECIAL ASSESSMENT ROLL OF
THE GATEWAY SUBDIVISION IMPROVEMENT DISTRICT, AND
PROVIDING FOR THE LEVY, PAYMENT TERMS, AND
PENALTIES OF THE SPECIAL ASSESSMENT DISTRICT, AND
APPROPRIATING FUNDS
WHEREAS, following a public hearing held on January 27, 2020, the Seward City
Council authorized the construction of utility improvements described as the Gateway
Subdivision Utility Assessment District; and
WHEREAS, a special assessment district was created and will apportion the total cost of
the improvements equally among the eleven properties to benefit from the improvements; and
WHEREAS, Ordinance 2020-006 authorized and appropriated $337,375 as the estimated
costs of the improvements; and
WHEREAS, the total costs of the improvements came in at $427,971.08 and when
apportioned among the thirteen (13) properties, results in total assessments to each property of
$32,920.85; and
WHEREAS, actual costs exceeded appropriated amount by $90,596.08, so an additional
appropriation is necessary; and
WHEREAS, the method of apportioning costs as attached hereto, is fair, and hereby
establishes the Special Assessment Roll as attached hereto.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF SEWARD, ALASKA that:
Section 1. The Special Assessment Roll for the Improvement District known as the
Gateway Subdivision Utility Assessment District; a copy of which is attached hereto and
incorporated herein by reference, is hereby approved and confirmed.
Section 2. Assessments are hereby levied against the properties set forth in the Special
Assessment Roll in the amounts listed opposite each property listed in said roll.
CITY OF SEWARD, ALASKA
RESOLUTION 2021-003
___________________________
Section 3. Installment payments are hereby declared acceptable, with payments required
pursuant to the following schedule:
Annual Payment Date: November 1, 2021
Rate of Interest: Deferred or installment payments of special
assessments shall bear interest at an
annualized rate of the lesser of:
(1) the prime rate plus 4%, as the prime rate
is published in the Wall Street Journal's
Consumer Money Rates for the date the
resolution confirming the special
assessment roll is adopted; or
(2) 15 percent (15%).
Maximum Annual Installments: 10
Penalty for Late Payment: 10%
Section 4. Funding in the amount of $45,298.04 is hereby appropriated from the
Water Fund account 17000-0-3710-0-80070 to the Utility Improvement District
infrastructure account no. 80070-0000-8101.
Section 5. Funding in the amount of $45,298.04 is hereby appropriated from the
Wastewater Fund account 18000-0-3710-0-80070 to the Utility Improvement District
infrastructure account no. 80070-0000-8101.
Section 6. This resolution shall take effect immediately upon adoption.
PASSED AND APPROVED by the City Council of the City of Seward, Alaska, this
th
11 day of January, 2021.
THE CITY OF SEWARD, ALASKA
PULLED FROM AGENDA
Christy Terry, Mayor