HomeMy WebLinkAboutORDINANCE 0752-1982CITY OF KENAI
ORDINANCE NO. 752-82
AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA,
INCREASING ESTIMATED -REVENUES AND APPROPRIATIONS IN THE CAPITAL
PROJECT FUND ENTITLED "FOREST DRIVE EXTENDED AND GILL" BY
4393,967.
WHEREAS, the Council has designated that 0378,500 of the 1981
Municipal Grant for road improvements be used to finance
improvements to Forest Drive Extended and Gill, 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 General Fund Reserve for
Capital Improvements, and
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 marle:
neral Puna$
Increase Estimated Revenues:
Approp;'Iation of Reserve for
Capital Improvements $ 15,,467
Increase Appropriations:
Non -Departmental - Transfer to
- Capital Projects 6 151467
Forest Drive Ext nded snd gill Atz of
Calsital 2 oJect Fynds
Increase Estimated Revenues:
Transfer from General Fund 6 15,467
== 10081 State Municipal Road Grant 379,500
13934967
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Increase Appropriationss
Administtation $ 500
Inspection 42,000
Construction 335,467
Contingency 16.000
$393 0967
PASSED BY THE COUNCIL OF THE CITY =KENAIhis 20th day
of January, 1982.
{ VINCENT O'REILLI, M
` ATTESTS
1 �
J et Miielan, City Clerk
First Readings January 6, 1982
Second Readings January 20, 1982
Effective Dates January 20, 1982 t
Approved by Finances
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