HomeMy WebLinkAboutORDINANCE 1303-1989AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA INCREASING
ESTIMATED REVENUES AND APPROPRIATIONS BY $649,000 IN THE CANDLELIGHT/
LINWOOD DRIVE 1989 STREET CAPITAL PROJECT.
WHEREAS, the City has designed road improvements in the Candlelight/
Linwood 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 as
follows:
General Fund
Increase Estimated Revenues:
Approp. of Reserve for Capital Improvements $ 60,420.00,
Increase Appropriations:
Non -Dept. - Transfer to Capital Projects $ 60,420.06
Increase Estimated Revenues:
1988 Road Grant #1 $200o000.00
1986 Road Grant 276,658.24
1987 Road Grant 96*097.77
1988 Road Grnnt #2 15,823.99
Transfer from General Fund 60.420.00
$6__49, 000,,,,, .00
Increase Appropriations:
Administration $ 20000.00
Inspection 44,000.00
Construction 550,000.00
Contingency 53,000.00
$649,000.00
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ATTEST:
J et Ruotsala, city Clerk
APProved by'Fin"ce:
(1/27/09)
First Reading:
Second Reading:
February
Febru
1 •
1989
Effective Date:
February
Y
15,
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1989
1989