HomeMy WebLinkAboutResolution No. 2013-45Suggested by: Administration
CITY OF KENAI
RESOLUTION NO. 2013 -45
A RESOLUTION OF THE COUNCIL OF THE CITY OF KENAI, ALASKA, AMENDING ITS
COMPREHENSIVE SCHEDULE OF RATES, CHARGES, AND FEES TO INCORPORATE
CHANGES ADOPTED DURING THE FY2014 BUDGET PROCESS TO INCREASE
MONTHLY RENTAL RATES AT VINTAGE POINTE FOR NEW RENTAL AGREEMENTS
AND MAKE HOUSEKEEPING CHANGES.
WHEREAS, as part of the FY2014 Budget process rental rates for units in Vintage
Pointe were budgeted to increase; and,
WHEREAS, rents are to increase on July 1, 2013 by $50 per month for units that are
presently occupied, and the Comprehensive Schedule of Rates, Charges, and Fees has
already been amended to reflect that change; and,
WHEREAS, it is necessary to make minor corrections to the amended rental rates for
presently occupied units, by adding one apartment class and correcting an apartment
size; and,
WHEREAS, units that become vacant on or after June 30, 2013 were intended to
increase to market rental rates, including a CPI adjustment, and the Comprehensive
Schedule of Rates, Charges, and Fees has not yet been amended to reflect that
change.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF KENAI,
ALASKA, to amend the City's Comprehensive Schedule of Rates, Charges and Fees
"Vintage Point Rents" section to:
VINTAGE POINTE RENTS
FOR UNITS WITH RENTAL AGREEMENTS DATED BEFORE TO JUNE 30 2013
1 -A apartment =586 Sq. Ft. Ocean Side (8) $ 764.00
1 -A apartment= 586 Sq. Ft. Street Side u $ 727'28
[1 -B apartment =637 Sq. Ft. Ocean Side $ 739.52]
1 -B apartment =637 Sq. Ft. Ocean Side (4) $ 776.24
1 -B apartment= 6316]7 Sq. Ft. Street Side (6) $ 739.52
1 -C apartment =682 Sq. Ft. Ocean Side (4) $ 788.48
1 -C apartment =682 Sq. Ft. Street Side l44) $ 751.76
[1 -C apartment =682 Sq. Ft. Ocean Side $ 776.24]
2 -A apartment =826 Sq. Ft. Ocean Side Q) $ 837.44
2 -A apartment =826 Sq. Ft. Street Side (11 $ 800.72
2 -13 apartment =876 Sq. Ft. Ocean Side (2) $ 849.68
2 -B apartment =876 Sq. Ft. Street Side (22) $ 812.96
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Resolution No. 2013 -45
Page 2 of 2
2 -C apartment =789 Sq. Ft. Ocean Side (1) $ 825.20
Monthly Automatic ACH Payment Fee $ -
Note: All Vintage Pointe Rents are subject to a 2% discount for payment by means other than
credit card.
FOR UNITS WITH RENTAL AGREEMENTS DATED AFTER JUNE 30,
2013
1 -A apartment
=586 So
Ft
Ocean Side
(8)
$810.90
1 -A apartment
=586 So
Ft
Street Side
(5)
$765.00
1 -13 apartment
=637 So
Ft
Ocean Side
(4)
$826.20
1 -B apartment
=637 Sq.
Ft
Street Side
(6)
$780.30
1 -C apartment
=682 Sq.
Ft
Ocean Side
(4)
$846.60
1 -C apartment
=682 So
Ft
Street Side
(4)
$800.70
2 -A apartment
=826 Sq.
Ft.
Ocean Side
(3)
$928.80
2 -A apartment
=826 So
Ft
Street Side
(1)
$877.20
2 -13 apartment
=876 Sq.
Ft
Ocean Side
(2)
$943.50
2 -13 apartment
=876 So
Ft
Street Side
(2)
$892.50
2 -C apartment
=789 So
Ft
Ocean Side
(1)
$918.00
Monthly Automatic ACH Payment Fee
$ —
Note
All Vintage Pointe Rents are subject to a 2% discount for payment by means
other than credit card.
BE IT FURTHER RESOLVED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA,
this Resolution shall be effective on July 1, 2013.
PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this 19th day of June,
2013.
PAT PORTER, MAYOR
ATTEST:
S a odig City Cle %�
Approved by Finance:
New Text Underlined; [DELETED TEXT
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"'Villaye witk a Past, C# witk a Future
210 Fidalgo Avenue, Kenai, Alaska 99611 -7794 MV
Telephone: 907 - 283 -7535 / FAX: 907 - 283 -3014 1 1111. 1
1997
MEMO:
TO: City Council
FROM: Rick Koch, City Manager
DATE: June 13, 2013
SUBJECT: Resolution 2013 -45
The purpose of this correspondence is to provide information and request Council adoption of
the above referenced Resolution.
The effect of this Resolution is to provide the basis to establish Vintage Pointe rents consistent
with market rates for new rentals after June 30, 2013. This is consistent with, and part of the
analysis which was presented to Council in a document dated March 28, 2013, and on which
the adopted budget was predicated.
Additionally there are minor housekeeping clarifications to the adopted fee schedule which
increases rents on existing rentals by $50 each month in FY2014.
If you have any questions, please contact me at your earliest convenience.