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Sponsored by: Oates <br /> CITY OF SEWARD, ALASKA <br /> RESOLUTION 2009 -112 <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD, <br /> ALASKA, ADOPTING THE ELECTRIC ENTERPRISE FUND BIENNIAL <br /> BUDGET FOR CALENDAR YEARS 2010 AND 2011 <br /> WHEREAS, the Seward City Council met on September 14 and September 28, 2009 to <br /> authorize budget policies and provide budget guidance to the administration, and conducted <br /> extensive work sessions for the purpose of discussing enterprise fund capital infrastructure needs <br /> and rate reviews on September 15, 24, 28, and 29, 2009; and <br /> WHEREAS, on October 12, 2009, the city manager submitted to the City Council a <br /> proposed biennial budget for the City of Seward for Calendar Years 2010 and 2011; and <br /> WHEREAS, the biennial budget was introduced at the regularly scheduled Council <br /> meeting on October 12, 2009, and work sessions were conducted and televised on October 13, <br /> 14, 15, and 16, 2009; and <br /> .�.. WHEREAS, a public hearing was held on the proposed budget on November 9, with <br /> final adoption scheduled for November 23, 2009. <br /> NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE <br /> CITY OF SEWARD, ALASKA, that: <br /> Section 1. The Electric Enterprise Fund budget for Calendar Years 2010 and 2011 which <br /> is attached hereto and made a part hereof by reference and which contains estimated revenues <br /> and expenses for the period January 1, 2010 - December 31, 2011, is HEREBY ADOPTED, and <br /> the necessary funds are hereby appropriated. <br /> Section 2. This resolution shall take effect immediately upon adoption. <br /> PASSED AND APPROVED by the City Council of the City of Seward, Alaska, this 23'' <br /> day of November, 2009. <br /> THE CITY SEWARD, ALASKA <br /> it and E. Dunham, Mayor <br />