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HomeMy WebLinkAboutResolution No. 2024-49KENAI CITY OF KENAI RESOLUTION NO. 2024-49 Sponsored by: Administration A RESOLUTION AUTHORIZING THE ACCEPTANCE OF 2018 AND 2020 COPPER RIVER AND PRINCE WILLIAM SOUND SALMON DISASTER RELIEF FUNDS. WHEREAS, the Alaska Department of Fish and Game (ADF&G) allocated $1,027,000 to communities as part of the 2018 and 2020 Copper River and Prince William Sound salmon disasters; and, WHEREAS, the City of Kenai is eligible to receive a one-time payment of $10,633.50; and, WHEREAS, funds will go to the General Fund to be appropriated by council at a later date; and, WHEREAS, acceptance of these funds is in the best interest of the City. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA: Section 1. That the City Manager is authorized to accept the 2018 and 2020 Copper River and Prince William Sound Salmon Disaster Relief funds in the amount of $10,633.50. Section 2. That this Resolution takes effect immediately upon PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, ATTEST: aver, C, City Clerk 4T" DAY. New Text Underlined; [DELETED TEXT BRACKETED] R, 2024. City of Kenai 1 210 Fidalgo Ave, Kenai, AK 99611-7794 1907.283.75351 www.kenai.city MEMORANDUM TO: Mayor Gabriel and Council Members THROUGH: Terry Eubank, City Manager FROM: Dave Swarner, Finance Officer DATE: November 25, 2024 SUBJECT: Resolution 2024-49 - 2018 and 2020 Copper River and Prince William Sound Salmon Disaster The memo request acceptance of $10,633.50 from the Pacific States Marine Fisheries Commission (PSMFC) as part of the 2018 and 2020 Copper River and Prince William Sound salmon disasters. The Alaska Department of Fish & Game (ADF&G) allocated $1,027,000 to communities as part of the 2018 and 2020 Copper River and Prince William Sound salmon disasters. The City of Kenai is eligible to receive a one-time payment of $10,633.50. Municipalities and boroughs depend on revenue from Prince William Sound salmon landings and other fishery -related activities. Local governments were negatively impacted by the fishery disasters, as fishery revenue makes up a significant portion of their operating budgets, supporting services like education, public works, ports and harbors. The State's Fishery Business tax rate is 3% for shore -based landings, with revenue split 50/50 between the State and municipalities or boroughs where the landings occurred. If landings happen within both a municipality and a borough, the tax revenue is divided equally between the two entities. Thank you for your consideration.