HomeMy WebLinkAboutORDINANCE 1874-2000Suggested by: Administration
City of Kenai
ORDINANCE N0. 1874-2000
AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA
INCREASING ESTIMATED REVENUES AND APPROPRIATIONS BY X37,305.30
IN THE AIRPORT LAND SYSTEM SPECIAL REVENUE FUND AND X251,882.30
IN THE AIRPORT ARFF/SRE FACILITY CAPITAL PROJECT FUND FOR. SITE
WORK.
WHEREAS, the low bid for site work for the Airport ARFF/SRE Facility is
X228,882.30; and
WHEREAS, the FAA is expected to offer a grant of 93.75% or X214,577 for this
phase of the project; and
WHEREAS, the Airport Land System Special Revenue Fund must provide
matching funds of ~ 14,305.30; and
WHEREAS, the project needs to have a 10% construction contingency; and
WHEREAS, the X23,000 contingency must be initially funded from the Airport
Land System.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF
KENAI, ALASKA, that estimated revenues and appropriations be increased as
follows:
Section 1:
Airport Land S, stem Special Revenue Fund
Increase Estimated Revenues:
Appropriation of Fund Balance 37 305.30
Increase Appropriations:
Land: Transfer to Capital Project Fund ~ 37,305.30
Secti nn 2
Airport ARFF/SRE Facility Capital Project Fund
I I ^ I
Increase Estimated Revenues:
FAA Grant X214,577.00
Transfer from Airport Land System Special Revenue Fund 37,305.30
251882.30
Increase Appropriations:
Construction X251,882.30
Ordinance No. 1874-2000
Page Two
PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this 2nd day of
August, 2000. ~...,
Introduced: August 2, 2000
Adopted: August 2, 2000
Effective: August 2, 2000
Approved by Finance:~_
(7/24/2000) kl
Carol L. Freas, City Clerk