HomeMy WebLinkAboutResolution No. 2017-40►I
CITY OF KENAI
RESOLUTION NO. 2017-40
Sponsored by: Administration
A RESOLUTION OF THE COUNCIL OF THE CITY OF KENAI, ALASKA, AUTHORIZING A
BUDGET TRANSFER WITHIN OTHER BUILDINGS & AREAS DEPARTMENT OF THE
AIRPORT FUND FOR A PROFESSIONAL SERVICES AGREEMENT TO REVIEW THE
AIRPORT'S LAND LEASE AND LAND SALES POLICIES.
WHEREAS, the administration has undertaken a project to review and recommend amendment
to the Airport's land lease and land sales policy; and,
WHEREAS, the administration intends to contract with the McDowell Group for assistance in
reviewing a new valuation model and the assumptions it utilizes; and,
WHEREAS, sufficient funds are available for transfer to provide funding for the professional
services agreement in the Other Buildings & Areas — Utility account due to delayed occupancy of
the Old City Shop property; and,
WHEREAS, an effective land lease and land sale policy is vital to the long-term financial success
of the airport; and,
WHEREAS, an effective land lease and land sale policy is important to the long-term financial
success of the City as a whole and is in the best interest of the City and its citizens.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA,
the following budget transfer be made:
Airport Fund
From:
Other Buildings & Areas — Utilities $8 700
To:
Other Buildings & Areas — Professional Services $8.700
PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this 21s' day of June, 2017.
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BRIAN GABRIEL, SR., MAYOR
ATTEST:
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Approved by Finance:
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210 Fidalgo Ave, Kenai, Alaska 99611-7794
Telephone: (907) 283-7535 1 Fax: (907) 283-3014
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MEMORANDUM
TO: Mayor Brian Gabriel and Kenai City Council
THROUGH: Paul Ostrander, City Manager ; .0"N
FROM: Mary L. Bondurant —Airport Manage
DATE: June 7, 2017
SUBJECT: Resolution 2017-40 Budget Transfer
The purpose of this memo is to transfer funds from the Other Buildings & Areas — Utilities
account to the Other Buildings & Areas — Professional Services account.
Funds are needed to issue a contract to the McDowell Group to review the Airport's land lease
and land sales policies.
I recommending the following transfer:
From: 008-464-4537
Other Buildings & Areas — Utilities
To: 008-464-4531
Other Buildings & Areas — Professional Services $8,700
Please contact me if you have any questions.
Attachment: Resolution 2017-40