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HomeMy WebLinkAboutRes2022-013 Supporting AK Railroad Sponsored by: Bower CITY OF SEWARD,ALASKA RESOLUTION 2022-013 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, SUPPORTING THE ALASKA RAILROAD CORPORATION'S EFFORTS TO SECURE FUNDING FOR THE SEWARD PASSENGER DOCK PROJECT WHEREAS, the Alaska Railroad Corporation (ARRC) owns and operates the passenger dock and passenger terminal in Seward; and WHEREAS,both facilities were constructed in 1966 and serves cruise ships and other passenger and freight vessels; and WHEREAS,the existing passenger dock is nearing the end of its useful life; and WHEREAS, ARRC has determined dock maintenance is prohibitive and in order to continue serving cruise ships and other vessels in a safe manner, it is necessary to replace the dock; and WHEREAS, ARRC states that replacement of the existing passenger dock and existing passenger terminal with a new dock and terminal facilities capable of serving cruise ships, including new, larger ships, and other vessels is critical to the ongoing viability of passenger operations at ARRC's Seward Port; and WHEREAS, replacement of the passenger dock and passenger terminal is crucial to the City of Seward because closure of the facility would eliminate cruise ship tourism and other related economic opportunities; and WHEREAS, ARRC desires to construct, maintain, and operate a new passenger terminal facility and to finance all or a portion of the $60,000,000 project cost through the issuance of bonds; and WHEREAS, ARRC is required to obtain authorization from the Alaska Legislature to issue the bonds in connection with the project. NOW,THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SEWARD,ALASKA that: Section 1. The supports ARRC's efforts to secure funding for the Seward Passenger Dock Project. Section 2. This resolution shall take effect immediately upon adoption. CITY OF SEWARD, ALASKA RESOLUTION 2022-013 PASSED AND APPROVED by the City Council of the City of Seward, Alaska, this 24th day of January, 2022. THE CITY OF SEWARD, ALASKA Fitutfrcat Pe tj naferr Sue McClure,Vice Mayor AYES: DeMoss, Calhoon, Osenga, McClure NOES: None ABSENT: Wells, Casagranda ABSTAIN: Terry ATTEST: rends J. Ballo MC City Clerk (City S OF 8E..4:1`0 4. ® SEAL Q © sa i u e —0— / R • v. w, OF AtiP .•' City Council Agenda Statement r Meeting Date: January 24, 2022 � To: City Council Through: Janette Bower, City Manager -- Agenda Item: Resolution 2022-013: Supporting the Alaska Railroad Corporation's Efforts to Secure Funding for the Seward Passenger Dock Project Background and justification: The Alaska Railroad Corporation (ARRC) owns and operates the passenger dock and passenger terminal in Seward. Both facilities were constructed in 1966 and serve cruise ships, passenger, and freight vessels. The existing passenger dock is nearing the end of its useful life. ARRC has determined dock maintenance is prohibitively expensive, and in order to continue serving cruise ships and other vessels in a safe manner, it is necessary to replace and expand the dock. ARRC states that replacement of the existing passenger dock and existing passenger terminal with a new dock and terminal facilities capable of serving cruise ships; including newer, larger ships, and other vessels is critical to the ongoing viability of passenger operations at ARRC's Seward port.The replacement is critical to the City of Seward and the community as well because closure of the facility would eliminate cruise ship tourism and other related economic opportunities. ARRC desires to construct, maintain, and operate a new passenger terminal facility and to finance all or a portion of the project through the issuance of bonds. ARRC estimates the project cost to be $60,000,000. ARRC is required to obtain authorization from the Alaska Legislature to issue the bonds in connection with the project. Comprehensive and Strategic Plan Consistency Information This legislation is consistent with (citation listed): Comprehensive 3.5.1.2 Plan for adequate port infrastructure that will serve the needs of users in Plan: the main industrial/Alaska Railroad area and at SMIC Strategic Plan: Other: Certification of Funds Total amount of funds listed in this legislation: $ 0 This legislation (✓): Creates revenue in the amount of: $ Creates expenditure in amount of: $ Creates a savings in the amount of: $ ✓ Has no fiscal impact Funds are (✓): Budgeted Line item(s): Not budgeted ✓ Not applicable AL- Finance Signature: Attorney Review✓ Administration Recommendation HYes ✓ Adopt Resolution ✓ Not applicable Other: