HomeMy WebLinkAboutORDINANCE 0595-1980°!
CITY OF KENAI
ORDINANCE NO. 595-80
AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA
INCREASING ESTIMATED REVENUES AND APPROPRIATIONS IN THE
CAPITAL PROJECT FUND ENTITLED "FRONTAGE ROAD" BY $712,000.
WHEREAS, the State of Alaska has offered the City of Kenai
a grant in the amount of $2,100,000 for road improvements,
and
WHEREAS, it is the City Council's desire to construct road
improvements on the Spur Highway Frontage Road, and 4
`, 91
WHEREAS, the estimated cost of this project is $730,000, of New
which $18,000 has been previously appropriated by Ordinance
No. 540-79, and
WHEREAS, proper accounting practices require that all ap-
propriations of City monies be made by ordinance.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF
KENAI, ALASKA that estimated revenues and appropriations in
the Capital Project Fund entitled "Frontage Road" be increased
as follows:
Increase Estimated Revenuess
State Grants $712,000
Increase Appropriations:
Administration $ 2,000
Inspection 50,000
Construction 6000000
Contingency 60,000
12,000
PASSED BY THE COUNCIL OF THE CITY KENAI, ALASKA this 6th
day of August, 1980.
VINCENT O REILi,Y,
ATTnEST:
4 9-&Janet Whielan, ity Clerk
Approved by Finance: CdX
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First Readings July 16, 1980
Second Readings August 6, 1980
Effective Date: August 6, 1980