HomeMy WebLinkAboutORDINANCE 0938-1984-dE-N
Suqqested by: Administration
CITY OF KENAI
ORDINANCE NO. 938-84
AN ORDINANCE OF THE COUNCIL OF THE CITY OF KFNAI, ALASKA,
ESTABLISHING A SPECIAL ASSESSVENT FUND ENTITLED "INLET WOODS",
AND AUTHORIZING APPROPRIATION FOR THE PROJECT IN THE AMOUNT OF
$2,500,000.
WHEREAS, the City has been petitioned to establish an assessment
district in Tract A, Parsons Subdivision No. 1 (Inlet Woods) for
street improvements, water and sewer mains, storm drains, and
lighting, 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 for 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
in Inlet Woods be established.
Section 2: Appropriation, on a project basis, be authorized,
as follows:
Inlet Woods
ministration $ 1,000
Inspection 200,000
Construction 2,100,000
Contingency 199 000
2 500 0U
PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this 6th day
of June, 1984.
TOM WAGONER, MAYnJV,
ATTEST:
at helan, City Clerk
First Reading: May 16, 1984
Second Reading: June 6, 1984
Effective Date: June 6, 1964
Approved by Finance: C!W
438