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Sponsored by: Hunt <br /> CITY OF SEWARD, ALASKA <br /> RESOLUTION 2012 -054 <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD, <br /> ALASKA, ALLOCATING FUNDS FOR DREDGING AND REQUIRED SITE <br /> PREPARATION WORK FOR DREDGING THE SMALL BOAT HARBOR <br /> PURSUANT TO THE CITY'S AGREEMENT WITH THE US ARMY CORPS <br /> OF ENGINEERS AND AUTHORIZING THE CITY MANAGER TO ENTER <br /> INTO THE REQUIRED CONTRACT IN THE AMOUNT OF $465,618 AND <br /> TO RESCIND RESOLUTION 2012 -035 <br /> WHEREAS, the City and the US Army Corps of Engineers entered into a Project <br /> Cooperation Agreement (PCA) dated June 13, 2003 as amended, for the Small Boat Harbor <br /> expansion; and <br /> WHEREAS, pursuant to the PCA, the City is responsible for a share of the cost of certain <br /> dredging work to be done in the harbor; and <br /> WHEREAS, on May 29, the City Council approved funding to dredge the Small Boat <br /> Harbor ( "SBH ") totaling $614,000; and <br /> WHEREAS, the City needs to use those funds for both the costs of dredging and for dredged <br /> material disposal site preparation work; and <br /> WHEREAS, the City will utilize Commercial Passenger Vessel (CPV) tax funds to pay for a <br /> majority of the City's dredging costs; and <br /> WHEREAS, it is now necessary to re- allocate the funds that were previously approved. <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br /> OF SEWARD, ALASKA that: <br /> Section 1. The amount of $603,983 is hereby re- allocated and appropriated as follows: <br /> 1) $550,000 from the Commercial Passenger Vessel Fund Account No. 807- <br /> 0000- 3071 -0276 to the `Dredging' Contracted Services within the `Dredging' <br /> Contracted Services Account No. 276 - 2763 -5390, and <br /> 2) $53,983 from the Harbor Maintenance Repair and Replacement Fund <br /> ( "MRRF ") Reserves Account No. 402 - 0000 -3071 -0276 to the `Dredging' <br /> Contracted Services Account No. 276 - 2763 -5390. <br /> Section 2. The City's payment of $465,618 is authorized to be paid to the US Army Corps of <br /> Engineers for dredging pursuant to the PCA. <br />