HomeMy WebLinkAboutORDINANCE 1656-1995•
Suggested by: City Council
City of Kenai
ORDIN~TCB NO. 1686-95
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AN ORDINANCE OF THE COUNCIL OF THE CITY' OF KENAI, ALASKA
INCREASING ESTIMATED REVENUES AND APPROPRIATIONS BY $40,000
IN THE GENERAL FUND FOR A CONTRIBUTION TO THE ECONOMIC
DEVELOPMENT DISTRICT, INC. (EDD) FOR THE ACQ'CJISITION OF THE
ARCO WAREHOUSE AND OFFICE COMPLEX IN KENAI.
WHEREAS, the EDD is interested in purchasing the ARCO
warehouse and office complex in Kenai for their own offices
as well as for use by the Kenai Peninsula Business
Innovation Center (small business incubator); and
WHEREAS, the EDD has asked that the City match a $100,000
contribution from the Kenai Peninsula Borough for
acquisition of the facility; and
WHEREAS, the Kenai City Council ie interested in encouraging
small business entrepreneurship.
NOW, THEREFORE, SE IT ORDAINED HY THE COUI~ICIL OF THE CITY OF
KENAI, ALASKA, that estimated revenues and appropriations be .
increased as follows:
General Fund
increase Estimated Revenues:
Appropriation of Fund Balance $ 40,000
Increase Appropriations:
Non-Departmental - Grants $ 40,000
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PASSED HY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this 2nd
day of August, 1995.
Approved by Finance: ~9~
(7/13/95) kl ~"
,.
Introduced: July 19, 1995
Adopted: August 2, 1995
Effective: August 2, 1995