HomeMy WebLinkAboutORDINANCE 1302-1989Suggested by: City Council.
City of Kenai
ORDINANCB NO. 1302-89
AN ORDINANCE'OF THE COUNCIL OF THE CITY OF KENAI, ALASKA INCREASING
ESTIMATED REVENUES AND APPROPRIATIONS BY $915,000 IN THE VIP 1989
STREET CAPITAL PROJECT.
WHEREAS, the City has designed road improvements in the VIP Drive area,
and
WHEREAS, the City intends to assess the property owners at a rate of
12% of paving costs, and those costs will be financed from the General
Fund Capital Improvement Reserve, and
WHEREAS, grant monies are available to finance the unassessed portion
of the project.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF KENAI,
ALASKA that estimated revenues and appropriations be increased
<decrease6 as follows:
General Fund
Increase Estimated Revenues:
Approp. of Reserve for Capital Improvements
Increase Appropriations:
Non -Dept. - Transfer to Capital Projects
VIP 1989 Street -.Capital Project:
Increase Estimated Revenues:
1988 Road Grant #1
1985 Road Grant
Local Service Roads & Trails
1986 Road Grant
1987 Road Grant
Transfer from General Fund
Increase Appropriations:
Administration
Inspection
Construction
Contingency
•
$ 36,000.00
$ 36,000.00
$200,000.00
58,714,.77
16,383.00
500,000.00
103,902.23
36.000.00
$919,000.00
$ 2,000.00
62,000.00
775,000.00
76,00 00
U15.00000Q
•
ATTEST:
et
Ruotdala,,City
Clerk
First Reading:
Second Reading:
Effective Date:
Approved by Finance:
(1/27/89)
February 1, 1989
February 15, 1989
February 15, 1989
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