HomeMy WebLinkAboutORDINANCE 0936-1984I
Suggested by: Administ rat tnn
CITY OF KENAI
ORDINANCE NO. 936-84
AN ORDINANCE OF THE COUNCIL OF fHE CITY OF KENAI, ALASKA,
ESTABLISHING A SPECIAL ASSESSMENT FUND ENTITLED "STELLAR DRIVE",
AND AUTHORIZING APPROPRIATION FOR THE PROJECT IN THE AMOUNT OF
$101,400.
WHEREAS, the City has been petitioned to establish an assessment
district along Stellar Drive in Redoubt Terrace Addition #4, for
paving, curbs, and nutters, and
WHEREAS, the City intends 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 foi construction of the project
prior to the sale of bonds is to be a cost of the project, in
accordance with KMC 16.05.050.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF
KENAI, ALASKA, that:
Section 1: A special assessment fund for the construction
of Stellar Drive be established.
Section 2: Appropriation, on a project basis, be authorized,
as follows:
Stellar Drive:
AdministrePion $ 1,000
Engineering 6,800
Inspection 8,800
Construction 78,000
Contingency 6 800
00
PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this 6th day
of June, 1984.
TO WAr,ONEA, MA
LT
ATTE T:
et Whelan, City Clerk
First Reading: May 16, 1984
Second Reading: June 6, 1984
Effective Date: June 6, 1984
Approved by Finance: esa
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