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HomeMy WebLinkAboutORDINANCE 1416-1991 . a~° Suggested by: City of Kenai ORDINANCB N0. 1416-91 City Council AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA INCREASING ESTIMATED REVENUES AND ,APPROPRIATIONS BY $147,000 IN A NEW CAPITAL PROJECT FUND FOR ROAD, WATER, AND SEWER IMPROVEMENTS TO FAA ROAD. WHEREAS, the City of Kenai is developing the area adjacent to FAA Road, and WHEREAS, the development requires that improvements be made to the road and that water and sewer lines be extended, and WHEREAS, because this land is owned by the airport, airport :ttonies~may be used to finance these improvements, which will increase the value of the property and increase future lease or sale revenues to the airport. 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 ~147~Op Increase Appropriations: Airport Lands -- Transfers Out 147 00 FAA Road, Water and Sewer Lmprovements Increase Estimated Revenues: Transfer from Airport Land System 1 0 0 Increase Appropriations: Administration $ 500 Engineering Design 7,500 Inspection 12,000 Construction 1_ 27,000 $14 .. . •.. .. ,. .... ..:, ,. ,. • ..,.,, ., .~ f . ... . ,. ... ...... i ,. }a M ~, l~ Ordinance. No. 1416-91 PA33E0 BY THE COUNCIL OF THE CITY OF KENAI, At~A3KA this 6th day of February, 1991. .... ATTE8T: Carol L. Freas, City Clerk Introduced: January 16, 1991 Adopted: February 6, 1991 Effectiv®: February 6, 1991 • Approved by Finance: ~'9 (1/11/91) kl .~ i, ~ T.. 1 • 'M ~r O ~T' Q ... 4 ~.~ J 4~ ~.• 7 - ~ •~ ~~ ~~s oY ~ R~ ~~ i~ ~~ M ry' `v s III' !~ q~ s` << E~ ~ ~ /~ r ~ ~ /~ a~ ~ ~ ~.~ i 3 ~,: / ; :_ 4y z: Y r .., ,.. ~~ { x .~ :~ Y , .~ . r' ~•,• ,'' ~~ , ~ 9 .~ ~i ~ ~ j ~. 4 `b.* ~~, ~~ ~ ~ ~' ~ ~~~ ii~ .~ ~~ I O r V~ O V ~O ~u~ i. ~ ~ ~ ~ 1~ 1 ~Qe., ,~~ i .1. ,~. ~f ` ~, ~,~ ~. ~ ~ ~ ~ ~.~ ~ i, ~~ __ ~:. i