HomeMy WebLinkAboutORDINANCE 0921-1984�.ti�+i�qq1 •� _--.�;e�...,...u�,e -`�--- �._._ .... - ..__�r_�._,'�eT[�'�'�--�t+.;:'-,.+rwd►�+s!7w�IRw�1i=�?.P._+•-w _
Suggested by: Administration
CITY OF KLNAI
ORDINANCE NO. 921-84
AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA,
INCREASING ESTIMATED REVENUES & APPROPRIATIONS BY $1,500,000 IN A
NEW CAPITAL PROJECT FUND ENTITLED "FSS FACILITY".
i WHEREAS, the City intends to construct a building for the Federal
Aviation. Administration's use for a flight service facility in
Kenai, and
WHEREAS, the City's naii-reimbursable commitment to the project is
$1,500,000, with any excess over that amount, up to $500,000 of
costs, chargeable to ::.a FAA as rent over a 20-year period, and
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WHEREAS, the FAA has e4teed that the iand for the facility is to
be provided by the Airport Land System without cost to the
General Fund in that the Airport is deemed to be a benefir.iary of
the project.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE Clip OF
KENA1, ALASKA that estimated revenues & appropriations be
increased ab followss
General Fund
Increase Estimated Revenues:
i Appropriation of Capital Improvement
i Reserve $1 500,0000
I Increase Appr-ipristions:
Non -Departmental - transfers out $1.500.600
FSS Facility Capital Project
Increase Estimated Revenues. -
Transfer from General Fund 11.5,500,000
Increase Appropriations:
Administration $ 1,000
Design/Inspection 146,000
Construction 1,230,000
Continqency 123 000
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PASSED BY THE COUNCTI_ OF THE CITY OF KENAI, ALASKA, this 4th ,day
of "aril, 1984. Jai..
TO -w-O ,14AP-0fil-
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ATTEST:
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Whelan, City Clerk
Approved by Finance: !raa
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First Reading: March 21, 1984
Second Reading: April 4, '1984
Effective Date: April 4, 1984
(ITV OF KENAI
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!larch 26. 1984
MEMORANDUM
TO: Kenai City Council
FROM: Charles A. Brown, Finance Director
SUBJECT: Proposed Amendment to Ordinance No. 921-84
As requested by Councilman Wise, the following is a possible
asendseut to Ordinance No. 921-84 to further explain the
financiug of the FSS Facility:
Amend Ordinance No. 921-84 by substituting the following
paragraph for the 2nd "WHEREAS" paragraph in the Ordinance:
"'WHEREAS, the City's non -reimbursable commitment to the
project is $1,500,000, with any excess over that amount, up to
$500,000 of costs, chargeable to the FAA as rent over a 70-year
period, aud"
CAB/jo