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Sponsored by: Oates <br /> CITY OF SEWARD, ALASKA <br /> "' RESOLUTION 2009 -114 <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD, <br /> ALASKA, ADOPTING THE 2010/2011 CAPITAL IMPROVEMENT PLAN <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 proposcd budget on November 9, with <br /> final adoption scheduled for November 23, 2009; and <br /> WHEREAS, there is $229,000 designated in the Calendar Year 2010 General Fund <br /> Budget to finance capital improvements, contingent on receipt of said amount from State <br /> Revenue Sharing, and there has been no specific appropriation of capital funding for the General <br /> Fund capital needs in 2011 due to the uncertainty of revenue sharing funding; and <br /> WHEREAS, the Capital Acquisition Fund will not receive funding in the amount of <br /> $76,840 from the Sewer Enterprise Fund as partial repayment of a 1990 loan from the General <br /> Fund, due to insufficient revenues in the Sewer Enterprise Fund's 2010 and 2011 Budget. <br /> NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE <br /> CITY OF SEWARD, ALASKA, that: <br /> Section 1. The Capital Improvement Plan for Calendar Years 2010 and 2011, which is <br /> attached hereto and made a part hereof by reference, is HEREBY ADOPTED. <br /> Section 2. Funding in the amount of $229,000 is hereby appropriated in 2010 for the <br /> purpose of meeting capital needs for the General Fund, subject to receipt of said funding from the <br /> State of Alaska revenue sharing program. <br /> Section 3. This resolution shall take effect immediately upon adoption. <br />