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HomeMy WebLinkAboutORDINANCE 1920-2001Suggested by: Administration City of Kenai ORDINANCE N0. 1920-2001 AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA INCREASING ESTIMATED REVENUES AND APPROPRIATIONS BY X21,000 IN THE AIRPORT LAND SYSTEM SPECIAL REVENUE FUND, THE GENERAL FUND AND THE BRIDGE ACCESS/FRONTAGE WATER MAIN CAPITAL PROJECT FUND. WHEREAS, the City owns properties fronting on the Bridge Access Road and the Frontage Road; and WHEREAS, for these properties to be developed, extension of City water mains is needed; and WHEREAS, it is in the best interest of the City of Kenai to install this infrastructure this year; and WHEREAS, the project will be funded by the Airport Land System Special Revenue Fund and the General Fund in proportion to the benefit provided to properties owned by each fund; and WHEREAS, the project will be accounted for in the Bridge Access/ Frontage Water Main Capital Project Fund. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA that estimated revenues and appropriations be increased as follows: Airport Special Revenue Fund Increase Estimated Revenues: Appropriation of Fund Balance 11 000 Increase Appropriations: Land Division -Transfer to Capital Project Fund 11000 General Fund Increase Estimated Revenues: Appropriation of Fund Balance 10 000 Increase Appropriations: Non-departmental -Transfer to Capital Project Fund 10 000 Brid e Access/Frontage Water Main Capital Project Fund Increase Estimated Revenues: Transfer from Other Funds 21 000 Increase Appropriations: Engineering 21 000 Ordinance No. 1920-2001 Page 2 PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this 5~ day of July, ~nn~ ATTEST: Carol L. Freas, City Clerk Introduced: June 20, 2001 Adopted: July 5, 2001 Effective: July 5, 2001 Approved by Finance:_ ~~ (06/ 14/2001) jl