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HomeMy WebLinkAboutRES2023-090 Accept KPB Flood Project Funds Sponsored by: Regis CITY OF SEWARD, ALASKA RESOLUTION 2023-090 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, ACCEPTING THE RETURN OF $56,310.58 IN FUNDS FROM THE KENAI PENINSULA BOROUGH THAT WAS INTENDED FOR THE JAPANESE CREEK FEASIBILITY STUDY PROJECT, AND APPROPRIATING FUNDS WHEREAS, Resolution 2020-009 authorized matching funds towards the Japanese Creek Feasibility Study; and WHEREAS, The project was devoted to obtaining better data on the flooding potential of Japanese Creek and possible mitigation measures; and WHEREAS, The City of Seward contributed $135,000 towards the Japanese Creek Feasibility Study; and WHEREAS, The project was completed below the projected cost and the Kenai Peninsula Borough is returning $58,310.58 to the City of Seward; and WHEREAS, The returned funds will be appropriated back to the Capital Acquisition Account. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA that: Section 1. Funding in the amount of$58,310.58 is accepted and appropriated from Japanese Creek Flood Mitigation—City account no. 80117-0000-3710 to Capital Acquisition Fund reserves account no. 80010-0000-3700. Section 2. This resolution is effective upon adoption. PASSED AND APPROVED by the City Council of the City of Seward, Alaska,this 14th day of August, 2023. THE CITY OF SEWARD, ALASKA re Sue McClure, Mayor CITY OF SEWARD, ALASKA RESOLUTION 2023-090 wil AYES: DeMoss, Finch, Barnwell, Calhoon, Osenga, McClure NOES: None ABSENT: Wells ABSTAIN: None ATTEST: Z-2l.---2...„- Kris Peck City Clerk .,,'0%f SE',;,;q�.' (City Seal) „� ,Q�'•,� 00 , 1 ef'OR T4:O #0. x S'EX� ® . �+�— ti r ''d, "rE OF P I lllllilllttett-t City Council Agenda Statement Meeting Date: August 14, 2023 To: City Council From: Norm Regis,Acting City Manager Subject: Resolution 2023-090: Accepting The Return Of$56,310.58 In Funds From The Kenai Peninsula Borough That Was Intended For The Japanese Creek Feasibility Study Project,And Appropriating Funds Background and justification: Resolution 2020-009 authorized matching funds towards the Japanese Creek Feasibility Study, which was devoted to obtaining better data on the flooding potential of Japanese Creek and possible mitigation measures. The City of Seward contributed $135,000 towards the Japanese Creek Feasibility Study. Kenai Peninsula Borough Emergency Operations Manager Brenda Ahlberg notified the City of Seward on June 20 that $58,310.58 in funding would be returned and on July 17, the City received the funds. In order to "accept"the return of funds and place the funding back into the Capital Acquisition Account, the City must pass a Resolution Accepting and Appropriating the funds. Comprehensive and Strategic Plan Consistency Information This legislation is consistent with(citation listed): Comprehensive Plan: Strategic Plan: Other: Certification of Funds Total amount of funds listed in this legislation: $ 58,310.58 This legislation(✓): Creates revenue in the amount of $ 58,310.58 x Creates expenditure in the amount of $ Creates a savings in the amount of $ Has no fiscal impact Funds are (✓): Budgeted Line item(s): x Not budgeted Not applicable Fund Balance Information Affected Fund(✓): General SMIC Electric Wastewater Boat Harbor Parking F1 Water F1 Healthcare Motor Pool x Other Capital Acquisition 177 Note: amounts are unaudited Available Fund Balance/Net Position $ 200,999 Finance Director Signature: Attorney Review RxYes Attorney Signature: Not applicable Comments: Administration Recommendation eAdopt Res. Other: 178