HomeMy WebLinkAboutORDINANCE 1537-1993. Suggested by:
City of Kenai
OIiDINANC$ NO. 1537-93
Adxainistration
AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALA$ICA..
INCREASING ESTIMATED REVENUES AND APPROPRIATIQNS 8Y
$49,126.37 IN THE GENERAL FUND FOR ATTORNEY FEES RELATED TO
FISHERIES BUSINESS TAX 8ETTLEMENT.
WHEREAS, the State of Alaska has proposed a distribution of
$1,500,000 of a settlement between the State of Alaska and
Alyeska defendants in State of , A1.~,Y~ Exxon ,CorDOratien
gt~ (3AN-89-6852, Civ.) which amount was appropriated for
distribution to municipalities that suffered a loss of state
fisheries business tax revenues in 1989; and
WHEREAS, the affected municipalities that desire to
participate in the distribution have proposed, and th® State
has accepted, an allocation among such municipalities as set
out in the Fisheries Business Tax Allocation and
Disbursement Agreement; and
WHEREAS, the City of Kenai~s share of the distribution is
$147,379.12, of which the City has agreed to pay one-third
to its attorney.
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:
Oil Spill Settlement $49,12G.37
Increase Appropriations:
City Attorney - Professional Services $49,126.37
PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this 5th,
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Introduced: April 21, 1993
Ado ted:
Effective: May 5, 1993
Approved by Finance: ~ s~~
(4/14/93) kl