HomeMy WebLinkAboutORDINANCE 0751-1982i
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CITY OF KENAI
ORDINANCE 110. 751-82
AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA,
INCREASING ESTIMATED REVENUES AND APPROPRIATIONS IN A NEW CAPITAL
PROJECT FUND ENTITLED "16T, 4TH AND BIRCH STREETS" BY $1,417,104.
WHEREAS, the Council has designated that $1,290,000 of the 1981
Municipal Grant for road improvements be used to finance
improvements to let, 4th, and Birch Streets, and
WHEREAS, the City has applied to the State of Alaska for D.E.C.
monies to finance 50% of the water and sewer portions of this
project, and
WHEREAS, the City administration has now received bids for
construction of this project, and
WHEREAS, the lowest construction bid is higher than originally
designated for this project, and additional sources of financing
available for such purposes exist in the 1974 Refunding Water and
Sewer Bonder and
,II WHEREAS, proper accounting practices require that all
appropriations of city monies be made by ordinance.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF
KENAI, ALASKA, that the following increases in estimated revenues
and appropriations be made:
lots 4th and Birch Streets
caskj .1 Projggt FUnt3s
Increase Estimated Revenues:
1974 Refunding Bonds (Water & Sewer) $ 35,235
1981 State Municipal Road Grant 1,290,000
State Grant, DEC
.4
Increase Appropriations:
Administration $ 1,000
Inspection 145,000
Construction 11211,104
Contingency 60.000
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PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this 20th day
of January, 1982.
VINCENT O'REILLY,(-%AYOR
ATTESTS
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Jr -et Whelan, City Clerk
First Readings January 6, 1982
Second Readings January 20, 1982
Effective Dates January 20, 1982
Approved by Finances