HomeMy WebLinkAboutORDINANCE 1808-1998Suggested by: Administration
City of Kenai
ORDINANCE N0. 1808-98
AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA
INCREASING ESTIMATED REVENUES AND APPROPRIATIONS BY X60,000 IN
THE CROW COURT CAPITAL PROJECT FUND.
WHEREAS, Resolution 98-79 directed the administration to continue with the
Crow Court Special Assessment District project for the purpose of paving Crow
Court; and
WHEREAS, funding for the project will be 70% State grant, 25% assessed to
benefited property owners and 5% General Fund; and
WHEREAS, initial funding of the benefited property owners' share will be from
the General Fund fund balance; and
WHEREAS, property owners will repay the General Fund over time with
interest.
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 18 000
Increase Appropriations:
Transfer to Capital Project Fund 18 000
Crow Court Capital Proi ect Fund
Increase Estimated Revenues:
State Grant X42,000
Transfer from General Fund 18.000
00
Increase Appropriations:
Administration ~ 3,000
Engineering and Inspection 8,000
Construction 49,000
60 000
~, Ordinance No. 1808-98
~ Page Two
Approved by Finance:
(12/10/98) kl
PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this 6~ day of
T ~ n~~
Introduced: December 16, 1998
Adopted: January 6, 1999
Effective: January 6, 1999
t;arol L. t+'reas, City Clerk