HomeMy WebLinkAboutORDINANCE 1541-1993J. 4.
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Suggested by:
City of Kenai
ORDINANCE NO. 1511-93
Administration
AN ORDINANCE OF THE COUNCIL OF THE GITY OF KENAI, ALASKA
INCREASING ESTIMATED REVENUES AND APPROPRIATIONS BY $400,000
IN THE COURT FACILITY CAPITAL PROJECT TO CONTINUE WORK 4N
THE PROJECT.
WHEREAS, in 1992 the City began constructing a new court
facility for the State of Alaska on property which the City
donated as the construction site. Shortly after the start
of construction, contaminated soils were discovered on the
property. This led to a temporary suspension of
construction activity, and eventually to an accelerated
construction schedule and project change orders that
increased the cost of the project. The project budget has
now essentially been depleted; and
WHEREAS, as the former land owner, the City of Kenai Airport
Land System, bears some responsibility to provide funds to
complete the project; and
WHEREAS, the City has entered into an actreement with the
State of Alaska which limits the City~s responsibility with
regard to certain construction costs, and further provides
for the likely recovery of these completion costs; and
WHEREAS, the City estimates that it may need at least
$400,000 in excess of the original budget to complete the
project.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF
KENAI, ALASKA, that estimated revenues and appropriations be
increased as follows:
Airport Land System
Increase Estimated Revenues:
Appropriation of Fund Balance
Increase Appropriations:
Land - Transfers Out
Court Facilit_r v Ca~.ta P oject
Increase Estimated Revenues:
Transfer from the Airport Land System
Increase Appropriations:
Construction
$400,000
$400,000
$400,000
$400,000
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Ordinance No. 1541-93
Page .Two
Introduced:
Adopted:
Effective:
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Approved by Finance: ~ 9a
(5/12/93) ~~~
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May 19, 1993
May 19, 1993
May 19, 1993
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PASSED BY THE COUNCIL OF THE .CITY OF.I~ENAI, ALASKA, this
19~h day of Mav_ 1993_