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HomeMy WebLinkAboutORDINANCE 0603-1980CITY OF KENAI ORDINANCE NO. 603-80 AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA, INCREASING ESTIMATED REVENUES AND APPROPRIATIONS IN A NEW CAPITAL PROJECT FUND ENTITLED "AIRPORT ELECTRICAL IMPROVEMENTS- BY $786,495 SUBJECT TO AWARD OF GRANT BY FAA. WHEREAS, the Federal Aviation Administration has indicated on intent to grant to the City of Kenai in the amount of $737,339 for airport electrical improvements, and WHEREAS, the State of Alaska has awarded,a grant to the City of Kenai in the amount of $24,578 for the same purpose, 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 made subject to award of grant by :AA: Airgart Land System Fund Increase Estimated Revenues: Appropriation of Fund Balance $24.579 Increase Appropriations: Airport Land -Transfer to Capital Projects $24,578 Airport Electrical Improvements Capita 1 project Puna Increase Estimated Revenues: Transfer from Airport Land System Fund $24,578 State Grant 24,578 Federal Grant 77,, $796 ,495 Increase Appropriations: Administration $ 50000 Engineering 50,000 Inspection 30,000 Construction 631,495 Contingency 70"000 86�Q95 1 Q . ■ PASSED BY THE COUNCIL OF THE CITY OF KENAI LASKA,�thhis 6th day of August, 1980. VINCENT O' REILLYyD4 OR ATTESTS (/ Jul et Whelan, City Clerk First Readings August 6, 1980 Second Readings August 6, 1980 Effective Dates August 6, 1980 2