HomeMy WebLinkAboutORDINANCE 0924-1984,. .'Ir y, .—
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CloY OF KFNAI
ORDINANCE NO. 124-84
AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA
ESTABLISHING A SPECIAL ASSESSMENT FUND ENTIFLLU "REGENCY POINTE",
AND AUTHORI7ING APPROPRIATION FOR THE PROJECT IN THE AMOUNT OF
$310,000.
WHEREAS, the City has been petitioned to establish an assessment
district in the proposed Regency Pointe Subdivision :n Kenai, and
WHEREAS, the City intendL to finance the project with a sale of
special assessment bonds, which have been approved by the voters
of Kenai, at a later date, and
WHEREAS, interest on monies used for construction of the project
prior to the sale 2f bonds is to be a cost of the project, in
accordance with KMC 16.05.050.
NOW, THEREFORE, 8E IT ORDAINED BY THE COUNCIL OF THE. CITY OF
KENAI, ALASKA, that:
Section 1: A special assessment fund for the construction of
Regency Pointe be established.
Section 2s Appropriation, on a project basis, be authorized,
as follows:
Reaenev Pointe:
Administration
$ 500
Engineering
27,500
Inspection
22,500
Construction
230,000
Contingency
34,500
10,20U
PASSED BY THE COUNCIL OF THE CT1Y OF KENAI, ALASKA, this 18th day
of April, 1984.
TONE WAGONER, MAYOR
ATTEST.
Janet Whelan, Eity Clerk
First Reading: April 4, 1984
Second Reading: April 18, 1984
Effective Dates April 18, 1984
Approved by Finance: C ti