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HomeMy WebLinkAboutORDINANCE 0703-1981CITY OF KENAI ORDINANCE No, 703-81 AN ORDINANCE OF THE. COUNCIL OF THE CITY OF KENAI, ALASKA, INCREASING ESTIMATED REVENUES AND APPROPRIATIONS IN A NEW CAPITAL PROJECT FUND ENTITLED "MAIN STREET LOOP AND BARNACLE HAY" IN THE AMOUNT OF $744,180, WHEREAS, the State of Alaska has offered the City a 1981 Municipal Aid in the amount of $2,313,340 for Capital improvements, and WHEREAS, the Council desires that the above-montioned project be financed by such grant, and WHEREAS, the State of Alaska, D,E,C „ has stated that they will finance 50% of the water and newer portion of this project, and WHEREAS, proper accounting praeticess ri-quire that all appropriations of City monies be made n_rdinance, NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, that the following increases in Estimated Revenues and .Appropriations be mados In gtr©nt Long and Harnaelg Increase Estimated Revenues: 1981 Municipal Aid $480,426 State of Alaska Grant (DEC) 131FS77 1980 Municipal Grant (Water and Bower)13 •877 AM.= Increase Appropriationas Construction 87446190 PASSED BY THE COUNCIL OF THE CITY Z�OFKZNA,.ALASKA, this 16th day of September, 1981, j VINCENT O'REIL , MAYOR ATTESTS A et Whelan, City Clerk First Readings August 19, 1981 Second Readings September 161 1981 Effective Dates September 16, 1961 Approved by Finances rga4,