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HomeMy WebLinkAboutORDINANCE 1330-1989• • 11 Suggested by: City Council City of Kenai ORDINANCE NO. 1330-89 AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA INCREASING ESTIMATED REVENUES AND APPROPRIATIONS BY $51,264 IN THREE CAPITAL PROJECT FUNDS, AND RE -ALLOCATING GRANT MONIES TOTALLING $370,600. WHEREAS, the City Council desires to form assessment districts to partially finance Lawton Drive, Fathom/Toyon, and Upland/Highland Street improvements, and WHEREAS, the assessed portions of these projects should be financed from the General Fund, and WHEREAS, grant monies are available in other capital project funds due to under -runs in those projects. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA that estimated revenues and appropriations be,increased <decreased> as follows: General Fund Increase Estimated Revenues: Appropriation of Capital Improvement Reserve $ 51,264.00 Increase Appropriations: Non -Departmental - Transfers $ 51,264.00 Lawton -Candlelight to Golf Course Increase Estimated Revenues: 1986 Road Grant $ 80,000.00 Transfer from General Fund J 13,464.00 $_ 6400 Increase Appropriations: Construction $ 93,464.00 FathomIToyon Intersection: Increase Estimated Revenues: 1986 Road Grant $ 75,000.00 Transfer from General Fund 8.400.00 $ 83,400.00 Increase Appropriations: Construction $ 83,400.00 1 Upland & Highland. - Increase Estimaited.Revenues. 1986 Road Grant 1987 goad (;rant $ 98,569.0 Transfer from General ftnd 117, 031...00 9,400,00 245 060.0 Increase-Appropriati©ns Inspection Construction' $ 26,000'000 219,000.oQ 245 000. Q VIP Decrease Estimated Revenues: 1986 Road Grant 1987 Road Grant $<1360,500.00> <103 902.23> $<2_40_402-23> Decrease Appropriations: Construction Contingency $<166,51Q.23> < 73, 892. 20> $<240,402.23> i Canty.d__ lelight Pavina: Decrease Estimated Revenues: 1986 Road Grant 1987 Road Grant $< 45,593.00> < 13,128-.77> $< 58,721.77> Decrease Appropriations: Construction Contingency $< 19,481.77> < 39.240.00> $<,_ 58 721> East Aliak Paving: Decrease Estimated Revenues: 1986 Road Grant Decrease Appropriations: Construction Contingency $< 53,160.00> < 18,316.00> < 71,476.00> u • • Approved :.by .Finance: (7/1-3/89) jal • First Reading: July 19, 1989 second Reading: August 2, 1989 Effective Date: August 2, 1989 a