HomeMy WebLinkAboutORDINANCE 0557-1980CITY OF KENAI
ORDINANCE? ?40, 557-80
AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA
ESTABLISHING A CAPITAL PROJECT FUND ENTITLED "BIDARKA , BARNACLE
WAY, CAVIAR, REDOUBT AND FIDALGO STREETS" AND INCREASING
ESTIMATED REVENUES AND APPROPRIATIONS IN SUCH FUND BY $51,000.
WHEREAS, engineering is needed for development of this area, and
WHEREAS, the Council would like to see the engineering completed
prior to July 1, 1980, and
WHEREAS, this project is vital to the growth of airport lands, and
WHEREAS, this project to vital for access to public facilities, 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:
Section 1: A Capital Project Fund entitled: 11 Bidarka, Barnacle
Way, Caviar, Redoubt and Fidalgo Strmets" be established.
Section 2: Estimated revenues and appropriations be increased
as follows:
General Fund
Increase Estimated Revenues:
Contribution from Reserves for
Capital Improvements $18,650
Increase Appropriations:
Transfer to Capital Projects $18,650
Airport Land System Fund
Increase Estimated Revenues:
Contribution from Fund Balance $18,650 `)Si y
Increase Appropriations: -
Transfer to Capital Projects $18,650
I `'.
Bidarka, Barnacle Way, Caviar, Redoubt
and Fidalro Streets Capital Project Fund
Increase Estimated Rsvenues:
Transfer from General Fund $18, 650
Transfer from Airport Land System Fund 18,650
1974 Refunded Bonds (Streets) 13,700
$51,000
Increase Appropriations:
Administration $ 11000
Engineering 50,000
51 000
PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA this 16th
day of April, 1980.
Vincent O'Reilly, `Aa
ATTEST:
n"y
rWhelan, City Clerk
Approved by Finance C2d
First Reading: April 2, 1980
Second Reading: April 16, 1980
Effective Date: April 16, 1900