HomeMy WebLinkAboutORDINANCE 1515-1992
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Suggested by:
Administration
City of Kenai
ORDINANCE IQO. 1515-92
AN ORDINANCE OF THE COUNCIL OF .THE CITY QF KENAI, ALASKA AMENDING
ESTIMATED REVENUES AND APPROPRIATIONS IN THE COURT FACILITY CAPITAL
PROJECT FUND.
WHEREAS, Ordinances 1472, 1473, and 1506 appropriated money for
construction of a new court facility in Kenai; and
WHEREAS, the State has now combined grant proceeds, and the Loan
proceeds are now known, providing better estimates of construction
costs.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF KENAI
ALASKA, that:
Section 1: Previous appropriations to the Court Facility Capital
Project Fund are repealed.
Section 2: Estimated revenues and appropriations be established
as follows:
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Gourt Facility Capital Proi,~ect
Increase Estimated Revenues:
State Grant $1,500,000
Loan Proceeds 4,220,000
Interest on Loan Proceeds 100,000
$5.820.000
Increase Appropriations:
Professional Services $ 11,540
Administration 30,000
Financial Advisor Fee 47,500
Engineering 258,120
Other Engineering 40,000
Inspection 250,000
Construction 5,082,840
Contingency 100,000
55,820.000
Introduced: September 16, 1992
Adopted: October 7, 1992
Effective: October 7, 1992.
' Approved by Finance:,,
(10/1/92)
PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this 7th day of
October. 1992. _
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1~IR,.I~ORANDUI~I
TO: Kenai City Council
FROM: Charles A. Brown, Finance Directo ~qQ
DATE: October 1, 1992
SUBJECT: Courthouse Appropriation
I have submitted a substitute to Ordinance No. 1515-92. The reason
for the substitute, and the original ordinance that was introduced
September 16, 1992, are (1) the State combined grant funds, (2} loan
proceeds are now known, (3) inspection and construction costs have
been increased because of the soils problem, and (4) the State has
asked the City to pay the financial advisor's fee (from loan
proceeds), rather than the State making that payment. So, the
ordinance now repeals all previous appropriations and starts over.
Our best guess of expenses on the courthouse project are:
Professional Services:
Bond counsel 11 540
Administration:
Title insurance 6,200
Builder's risk insurance 15,302
Additional plans and specs 4,600
Advertising and miscellaneous 3 898
30,00'0
Financial advisor fee i"'~"
47,500
Engineering:
McCool design 258,120
Other engineering:
No commitment yet 40,000
nspection:
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McCool original contract 162,952
Amendment 2 10,325
Amendment 3 37,072
Reserved, no commitment yet 39,651
250,000
Construction:
G & S, original contract 4,704,000
G & S, accelerated schedule 261,163
HEA 10,900
Reserved, no commitment yet 106.777
_5_„_ 082 X840
Cont;,ngency 100,000
Total X5.820.000
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