HomeMy WebLinkAboutORDINANCE 1268-1988t
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Suggested by: Administration
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CITY OF KENAI
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ORDINANCE NO. 1268-88
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AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA,
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INCREASING ESTIMATED REVENUES AND APPROPRIATIONS BY $950,-000 IN A
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NEW CAPITAL PROJECT FUND ENTITLED "COLD STORAGE FACILITY".
WHEREAS, the City is an applicant for grants from the U. S.
Economic Development Administration and the State of Alaska
Department of Commerce and Economic Development in amounts of
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$1,050,000 and 8100,000, respectively, and
WHEREAS, the City's matching share of the project will be
$950,000, and
WHEREAS, grant matching is an appropriate use of the general Fund
Capital Improvement Reserve as set out in KMC 7.25.100.
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NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF
KENAI, ALASKA, that estimated revenues and appropriations be
increased as follows:
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Increase Estimated Revenues:
Appropriation of Capital
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Improvement Reserve $950,000
Increase Appropriations:
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Non -Dept. - Transfers $950,000
Cold St rage Fgcili,tjC
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Increase Estimated Revenues:
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Transfer from General Fund $950,000
Increase Appropriations:
Construction $950,000
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411
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PASSED BY THE COUNCIL
OF THE CITY OF KENAI, AkASKA, this
sixth
day of July, 1988.
N J ILL AMS, MAYOR
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ATTEST:
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J t Ruotsala, City
Clerk
First Reading: June
15, 1988
Second Reading: July
6, 1968
Effective Date: July
6, 1988
Approved by Finance:
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