HomeMy WebLinkAboutORDINANCE 1449-1991z
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Proposed Substitute #1
(Land purchased by General Fund;
all else financed by Grants)
Suggested by: Mayor Williams
CITY OF KENAI
ORDINANCB N0. 1449-91
AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA INCREASING
ESTIMATED REVENUES AND APPROPRIATIONS BY $1,380,000 FOR THE SENIOR
CITIZEN CONGREGATE HOUSING PROJECT.
WHEREAS, the City of Kenai has received two grants from the State of
Alaska totalling $3,800,000 for Senior Citizen Congregate Housing;
and,
WHEREAS, the City expects to soon receive a third grant in the amount
of $1,380,000 for this purpose; and,
WHEREAS, the FAA Road reconstruction and water and sewer improvements
to accommodate the Congregate Housing Facility was originally financed
with airport money; and,
WHEREAS, a favorable bid on the project will allow the ,project,
including road reconstruction, to be paid from State grant funds.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF KENAI,
ALASKA, that estimated revenues and appropriations be increased as
follows:
FAA Road, Water & Sewer I rovements
Increase <Decrease> Estimated Revenues:
Transfer from Airport $ <147,000>
State Housing Grant #3 310,000
$ 163.000
Increase Appropriations:
Inspection $ 16,132
Construction 146,868
~Ypr.ll~~.~i
$ 163.000
Senior Citizen Conaregate Housing
Increase Estimated Revenues: ~~
State Housing Grant #3 $ 1.070.00
Increase <Decrease> Appropriations:
Design $ <124,000>
Inspection 89,789
Construction 1,104,211
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Ordinance No. 1449-91
Page Two
General Fund
Increase Estimated Revenues:
Appropriation of Fund Balance ~ 274.500
Increase Appropriations:
Land Department - Land ~ 274.500
Airport Land Sale Trust Fund (Memo Only)
Increase Estimated Revenues:
Land Sales $ 274.500
Increase Appropria~,ions:
Reserved Fund Balance $ 274.500
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PASSED SY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this r,_,~
day of Aueu~et _ 1491 _
Introduced:
Adopted:
Effective:
Approved by Finance :__._~ Qli
(8/7/91)
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August 7, 1991
August 12, 1991
August 12, 1991
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carol L. Frees, City C1erK