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HomeMy WebLinkAboutORDINANCE 1544-1993.. ,~. ~•• i Suggested by: Administration City of Kenai ORDIEA3ICE NO. 1944-93 • AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA INCREASING ESTIMATED REVENUES AND APPROPRIATIONS BY $787,765 IN THE EVERGREEN/HALLER PAVING CAPITAL PROJECT FUND. WHEREAS, the- City of Kenai is forming an assessment district to pave Evergreen, Haller, McKinley, North Gill, Second Avenue, Third Avenue, Fourth Avenue, Jefferson, and Eadies Way; and WHEREAS, the cost of the paving project is estimated to be $740,405, of which 25$ will be assessed against benefitted properties; and WHEREAS, the City intends to develop, at an estimated cost of $57,360, City-owned land to the west of Evergreen for future sale. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, that estimated revenues and appropriations be increased as follows: Ge,Deral Fund Increase Estimated Revenues: Appropriation of Fund Balance $112,666 Appropriation of Capital Improvement Reserve 680.925 Increase Appropriations: Non-Departmental - Transfer to Capital Projects ~ Airport Land Svstem Increase Estimated Revenuers Appropriation of Fund Balance ~4,~174 increase Appropriations: Airport Land - Transf®r to Capital Projects ~~~~ .... . ,. .. ........ ,,t ' ~ y Ordinance No. 1544-93 Page Two L~'Y~~~~~1~? ~ er „P~~~i~'~i?i.~~~o j ect Increase Estimated Revenues: Transfer from General Fund $793,591 Tra..~sfer from Airport Land System ~4..i_7a ~~~ Increase Appropriations: Paving Project - Administration $ 3,000 Paving Project - Engineering and inspection Services ?1,800 Paving Project - Construction 665.605 ~~~ City Land Development - Ad:ainistration $ 500 City Land Development - Engineering and inspection Services 4,600 City Land Development - Construction 52.260 ~7~ 3r6„0 L~ Intzoduced: Adopted: Effective: Approved by Finance: _ ~ sl.~____ (5/14/93) kl • May 19, 1993 June 2, 1993 June 2, 1993 .. ~. .. ~ .'4 ~I... - 1, :... t ~ - ..: ~ ~:. c ' PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this 2nd day of June. 1993. ~