HomeMy WebLinkAboutORDINANCE 1823-1999Suggested by: Administration
City of Kenai
ORDINANCE N0. 1823-99
AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA
INCREASING ESTIMATED REVENUES AND APPROPRIATIONS BY X246,069
FOR STREET IMPROVEMENTS.
WHEREAS, the City received a matching grant (#99-587-8-001) from the State
of Alaska in the amount of X214,248 for street improvements; and
WHEREAS, the City must provide a 30% match in the amount of X91,821; and
WHEREAS, Ordinance 1808-98 appropriated X60,000 of these funds for the
Crow Court Project; and
WHEREAS, the balances of the grant, ~ 172,248, and match, X73,821, are
available for appropriation for unspecified street improvement projects; and
WHEREAS, the City has five years to identify specific street improvement
projects to be funded with this grant; and
WHEREAS, it is in the best interest of the City to appropriate the matching
funds annually rather than only when specific projects are identified; .and
WHEREAS, a new Capital Project Fund entitled '99 Street Improvements shall
be created to account for this grant.
NOW, fiHEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF
KENAI, ALASKA, that estimated revenues and appropriations be increased as
follows:
General Fund
Increase Estimated Revenues:
Appropriation of Fund Balance
73 821
Increase Appropriations:
Non -Departmental -Transfer to Capital Project Fund 73:821
Ordinance No. 1823-99
Page Two
'99 Street Improvement Capital Project Fund
Increase Estimated Revenues;
Transfer from General Fund ~ 73,821
State Grant 172,248
246 069
Increase Appropriations:
Construction 246 069
PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this 5th day of
May, 1999.
ATTEST:
r
Carol L. Freas, City Clerk
Introduced:
Adopted:
Effective:
Apri121, 1999
May 5, 1999
May 5, 1999
Approved by Finance:
(4/8/99) kl