HomeMy WebLinkAboutRes2021-058 CITY OF SEWARD,ALASKA
RESOLUTION 2021-058 Sponsored by: Regis
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD,
ALASKA, AUTHORIZING THE CITY MANAGER TO ESTABLISH
INITIAL FUNDING FOR THE DEVELOPER REIMBURSEMENT
PROGRAM,AND APPROPRIATING FUNDS.
WHEREAS, City Council adopted Seward City Code (SCC) Chapter 5.22, which
authorizes Council to reimburse up to 50% of developer installation costs resulting from the
installation of public utilities in improvement districts; and
WHEREAS, SCC 5.22.030 requires developers seeking reimbursement under this
program to submit an application; and
WHEREAS, the Developer Reimbursement and Incentive Program application was
approved by City Council through Resolution 2019-083; and
WHEREAS,upon implementation of the program application,no funding mechanism was
established; and
WHEREAS,the City Council supports the development of city land; and
WHEREAS, the City Council finds it in the citizen's best interest to fund the Developer
Reimbursement and Incentive Program in the amount of$300,000.
NOW,THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF SEWARD,ALASKA that:
Section 1. The City Manager is hereby authorized to transfer and appropriate funds in the
amount of$200,000 from General Fund Reserves account no. 01000-0000-3710-0000-80071 and
$100,000 from the Electric Fund Reserves account no. 15000-0000-3710-0000-80071 to the
Developer Reimbursement Fund account no. 80071-0000-7811.
Section 2.This resolution shall take effect immediately upon adoption.
PASSED AND APPROVED by the City Council of the City of Seward, Alaska, this 10th
day of May, 2021.
T I RD, to
Z
risty Terry Mayor
CITY OF SEWARD, ALASKA
RESOLUTION 2021-058 1
Ida
AYES: DeMoss, Seese, McClure, Osenga, Baclaan, Casagranda, Terry
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST:
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Brenda J. Ballou, MMC
City Clerk A- c 4- .-A 9 c,- ./ y C / e r le
(City Seal)
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Council Agenda Statement
Meeting Date: May 10, 2021
To: City Council
Through: Norm Regis, Acting City Manager
From: Sam Hickok, Deputy Finance Director
Agenda Item: Funding the Developer Reimbursement Program
BACKGROUND &JUSTIFICATION:
Section 5.22 of Seward City Code defines the purpose and application process of the Developer
Incentive and Reimbursement Program. However,it does not address a funding mechanism for the
program. Since the approval of the application form in September of 2019, the City has received
two applications for potential reimbursement.
It has been identified that Phil Zimmerman's application for his completed development in the
Gateway Subdivision meets eligibility requirements for reimbursement.The costs associated with
putting in the public utilities totals $427, 971.08. The program allows for up to 50%
reimbursement, so$213,985.54 is needed to fund the program and reimburse Mr. Zimmerman.
Administration is recommending a one-time appropriation from General Fund reserves to
reimburse Mr. Zimmerman until such time that a true funding source be identified and put into
place.
INTENT:
The intent of this resolution is to approve initial funding of the Developer Reimbursement
Program.
CONSISTENCY CHECKLIST Yes No N/A
1. —
Comprehensive Plan(document source here):
2. (document source here):
_I Strategic Plan (doc..
1 3. _� Other(list):. f
FISCAL NOTE:
Initial funding for this program will come from General Fund reserves account no. 01000-0000-
3400 until a true funding source be identified for future reimbursement applications.
Approved by Finance Department: ,—9 LA IP U �irp:)—
0 -7
ATTORNEY REVIEW: Yes No
RECONRYIENDATION:
Seward City Council approve Resolution 2021-058, authorizing the initial funding of the
Developer Reimbursement Program.