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HomeMy WebLinkAboutORDINANCE 1825-1999City of Kenai Suggested by: Administration ORDINANCE N0. 1825-99 AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA INCREASING ESTIMATED REVENUES AND APPROPRIATIONS BY X737,000 FOR THE CONSTRUCTION OF AMULTI-PURPOSE FACILITY. WHEREAS, the City of Kenai desires to construct aMulti-Purpose Facility; and WHEREAS, Ordinances 1807-98 and 1821-99 appropriated funds for design and site work; and WHEREAS, funding for the prof ect will come from the General Fund fund balance. NOW THEREFORE, 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 X737,000 Increase Appropriations: Non-Departmental -Transfer to Capital Project Fund X737,000 Multi-Purpose Facility Capital Project Fund Increase Estimated Revenues: Transfer from General Fund 737 000 Increase Appropriations: Administration 2,000 Engineering 35,000 Construction 700,000 737 000 PASSED BY THE COUNCIL OF THE CITY OF 1999. / ATTEST: Approved by Finance: Introduced: Adopted: Effective: Apri121, 1999 May 5, 1999 May 5, 1999 of May, Carol L. Freas, City Clerk CITY OF KENAI rr rr 210 FIDALGO AVE., SUITE 200 KENAI, ALASKA 99611-7794 TELEPHONE 907-283-7535 FAX 907-283-3014 ~ ~~ 1 I 1992 Memorandum Date: Apri129,1999 To: Mayor and City Council From: Richard A. Ross, City Manager RE: Ordinance 1825-99 As you are aware the bids received for the construction phase of the multi-purpose facility exceeded the funds available for the project. Based on sales of BOR released lands, the tax base created and interest received on the notes, the Administration had recommended funding up to $750,000 on the facility construction phase of the project. This would have kept total project cost with site work under $1 million. The low bid on the construction phase of the project came in at $1,012,000. This is well above estimate and our expectations. This could put total prof ect cost, including site work, between $1.3 to $1.4 million, depending on additional cost of inspection and HEA. Recommendation It is the recommendation of the Administration that Council defeat Ordinance 1825-99. Unless Council directs otherwise, the Administration will not be submitting a substitute ordinance to fund the project with general fund monies above the $750,000 level. If Council accepts this recommendation, it is suggested that the future of the project could proceed along the following course: The plans developed for this project are good plans that are amenable for future expansion. we do not recommend reducing the scope of the project to a level that would result in an unsatisfactory project. • The City continue its commitment to fund the project at approximately the $750,000 level in the future, based on the agreements reached when BOR lands were released Memorandum to Council April 29,1999 Page 2 of 2 ,~ for sale as a source of funds for the project. The Borough also transferred lands to the City in support of the project. • The City work with user groups to find non-municipal funding sources to supplement the existing funds to do the project. • In anticipation of future development the City proceed with the site work portion of the project. The joint site work bids received for the Challenger Learning Center, as well as this project, were lower than projected. To not do this portion of the project would further escalate costs in the future.