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CITY OF SEWARD, ALASKA
RESOLUTION 2000-027
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD,
ALASKA, CONFIRMING THE SPECIAL ASSESSMENT ROLL OF THE
MARATHON VIEW II ELECTRICAL IMPROVEMENT DISTRICT,
PROVIDING FOR THE LEVY, PAYMENT SCHEDULE AND PENALTIES
OF THE SPECIAL ASSESSMENT DISTRICT AND APPROPRIATING
FUNDS
WHEREAS, after a public hearing, the City Council of the City of Seward, Alaska, did
authorize the construction of improvements described as the Marathon View II Electrical
Improvement District; and
WHEREAS, a special assessment has been proposed which will apportion the cost of the
improvement among the properties to be benefitted by it; and
WHEREAS, after conducting a public hearing, the City Council has found that the
method of assessment proposed by the city administration and attached hereto is a fair method of
apportioning the costs of the improvement.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF SEWARD, ALASKA, that:
Section 1. The Special Assessment Roll, a copy of which is attached and incorporated
herein by reference, for the Special Improvement District described as the Marathon View II
Electrical Improvement District is hereby approved and confirmed.
Section 2. Assessments are hereby levied against the properties set forth in the Special
Assessment Roll in the amounts set opposite each property in such roll.
Section 3. Installment payment of the assessment against each property is hereby declared
acceptable with the payments being made pursuant to the following schedule:
Annual Payment Date:
Rate ofInterest:
June 1
Deferred or installment payments of special
assessments shall bear interest at an annualized rate
of the lesser of (1) the prime rate published in the
Anchorage Daily News Business section under
Money Rates for the date the resolution confirming
the special assessment roll is adopted plus 2% or (2)
15 percent.
CITY OF SEWARD, ALASKA
RESOLUTION 2000-027
Number of Annual Installments: 10
Penalty for Late Payment: 12%
Section 4. Funds in the amount of $50,407.28 are hereby appropriated from the Electric
Enterprise Maintenance, Repair & Replacement Fund, account no. 502-0-3071-0668 to the
Marathon II Electrical Improvement Capital Project Fund, account no. 668-0-3071-0000 to
close out this project as of December 31, 1999.
Section 5. This resolution shall take effect immediately upon its adoption.
PASSED AND APPROVED by the City Council of the city of Seward, Alaska, this 13th
day of March, 2000.
THE CITY OF SEWARD, ALASKA
r .J1--. /? .<A,-'-1 J
Edgar Blatchford, Mayor
AYES:
NOES:
ABSENT:
ABSTAIN:
Blatchford, Brossow, Calhoon, Clark, King, Orr, Shafer
None
None
None
ATTEST:
p,C~~
City Clerk
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