HomeMy WebLinkAboutORDINANCE 1572-1993w
Suggested by: City Council
City of Kenai
ORDI~TC$ X10. 1672.93
AN ORDINANCE OF THE COUNCIL OF THE CITX OF KENAI, ALASKA
INCREASING ESTIMATED REVENUES AND APPROPRIATIONS BY
$1,950,000 IN THE THOMPSON PARK WATER AND SEWER LINES
CAPITAL PROJECT FUND.
WHEREAS, the City of Kenai has received a $1,350,000 +grant
from the State of Alaska, Department of Environmental
Conservation, for Thompson Park water and sewer main lines;
and
WHEREAS, the city expects to assess up to 25$ of eligible
project costa to benefitted property owners, which is
estimated to be approximately $600,000; and
WHEREAS, the City has already appropriated a $750,000 Stat®
grant for this purpose.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY Off'
KENAi, ALASKA, that estimated revenues and appropriations be
increased as follows:
Water and Sewer special Reyenu~ Fund
Increase Estimated Revenues:
Appropriation of Fund Balance S 600.000
Increase Appropriations:
Water - Transfers out $ 300,000
Sewer - Transfers out ~,,,,_ 30,O,~Q00
S 600.000
Tho npson Park Water and SeWg,~Lines
Increase Estimated Revenues:
Transfers in $ 600,000
DEC Grant ,r„ i,,, 354 R„4t?0
$.1,950.000
Increase Appropriations:
Administration $ 3,000
Construction ~,947.00~
S 1.950.000
t
Ordinance No. 1572-93
Page Two
Introduced: October 6, 1993 ~.
Adopted: October 20, 1993 ;;
Effective: October 20, 1993
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Approved by Finance : ,,~„~
(9/28/93)
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'PASSED HY THE COUNCIL OF THE CITY 4F KENAI, ALASKA, t~~.s
nth day of October. 1993. - ..