HomeMy WebLinkAboutORDINANCE 1304-1989•
Suggested by:
City of Kenai
ORDIRRM NO. 1304-89
City Council
AN ORDINANCE OF THE. -COUNCIL OF THE CITY OF KENAI, ALASKA INCREASING
ESTIMATED REVENUES AND APPROPRIATIONS BY $273,000 IN THE EAST ALIAK/
HIGHBUSH DRIVE 1989 STREET CAPITAL PROJECT.
WHEREAS, the City has designed road improvements in the East Aliak/
Highbush 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 $ 32,760
Increase Appropriations:
Non -Dept. - Transfer to Capital Projects $ 32,760
East Aliak/Highbush 1989--- Street Capital Proiect:
Increase Estimated Revenues:
1988 Road Grant #1 $1000000
1986 Road Grant 140,240
Transfer from General Fund 32,760
273 000
Increase Appropriations:
Administration $ 2,000
Inspection 18*000
Construction 232,000
Contingency 21,000
273 000
ATTEST:
/.TeT&I--RUO- �ttsaala, City Clerk
First Reading: February 1, 1989
Second Reading: February 15, 1989
Effective Date: February 15, 1989
Approved by, Finande:
(1/27/89)
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