HomeMy WebLinkAboutORDINANCE 1276-19887— 2 7-
suggested by: City Council C&A-
City of Kenai
ORDINANCE ND. 1276-68
AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA INCREASING
ESTIMATED REVENUES AND APPROPRIATIONS BY $292,000, IN THE EAST ALIAK/
HIGHBUSH 1988 STREET CAPITAL PROJECT.
WHEREAS, the City has designed road improvements in the East Aliak/,,
Highbush area, and
WHEREAS, the City intends to assess the property owners at a rate of
50% of paving costs, and thoso 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 $146,000
Increase Appropriations:
Non -Dept. Transfer to capital Projects $146,000
East Aliak/Hiahbush 1988 Street Capital Proiect
Increase Estimated Revenues:
1988 Road Grant
Transfer from General Fund
Increase Appropriations:
Administration
Inspection
Construction
Contingency
$146,000
$146,000
$292,000
$ 2,000
35,000
232,000
23,000 - -
$292,000