HomeMy WebLinkAboutORDINANCE 1275-1988City of Kenai
ORDINANCE 140. 1275-86
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AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA INCREASING
IN THE CANDLELIGHT/
ESTIMATED REVENUES AND APPROPRIATIONS 8Y $673,000,
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LINWOOD DRIVE 1968 STREET CAPITAL PROJECT.
WHEREAS, the City has designed road improvements in the Candlelight/
Linwood Drive area, and
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WHEREAS, the City intends to assess the property owners at a rate of
50% 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
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of the project.
NOW, THEREFORE, 8E IT ORDAINED 8Y THE COUNCIL OF THE CITY OF KENAI,
be increased as
ALASKA that estimated revenues and appropriations
follows:
General Fund
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Increase Estimated Revenues:
Approp. of Reserve for Capital Improvements $251,750
Increase Appropriations:
Non -Dept. - Transfer to Capital Projects $251,7GO
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Candlelight/Linwood1988 Street Capital Proiect
Increase Estimated Revenues:
1988 Road Grant
1986 Road Grant
Transfer from General Fund
Increase Appropriations:
Administration
Inspection
Construction
Contingency
$354,000
$ 67,250
$251,750
$ 2,000
66,000
550,000
55.000
$673,000
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PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA,
this 17th day of
August, 1988.
JOHN J. WILLIAMS,
MAYOR-
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ATTSST:
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Janet Ruoteala, City Clerk
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First Reading:
July 27, 1988
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second Readings
August 17, 1988
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Effective Date:
August 17, 1988
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Approved by Finance:-
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