HomeMy WebLinkAboutORDINANCE 1416-1991
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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
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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)
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