HomeMy WebLinkAboutORDINANCE 0604-1980CITY OF KENAI
ORDINANCE NO. 604-80
AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA,
INCREASING ESTIMATED REVENUES AND APPROPRIATIONS IN THE 1980-81
CAPITAL IMPROVEMENT SPECIAL REVENUE FUND TO PAY TAXES ON
FORECLOSED PROPERTIES.
WHEREAS, certain parcels of land located adjacent to the beach
along Cook Inlet in the Original Townsite of the City of Kenai
were foreclosed by the Kenai Peninsula Borough and deeded to the
City of Kenai, and
WHEREAS, on May 19, 1976, the Kenai City Council approved
Resolution No. 76-23 which set aside these parcels for immediate
rmklic use by the City of Kenai as public beach access, and
WHEREAS, pursuant to the authority of the resolution, on June 21,
1976, the City administration paid to the Kenai Peninsula Borough
a check for $436.14 which represented the taxes owing on the
properties, and
WHEREAS, the Kenai Peninsula Borough has recently returned the
unnegotiated check to the City of Kenai, as the check was void
when not cashed within ninety (90) days, and
WHEREAS, the Kenai Peninsula Borough desires that the City pay
the taxes owed, and the City is in agreement with this request,
and
WHEREAS, there are sufficient monies within the Capital
Improvement Special Revenue Fund, which monies have been
dedicated by Ordinance No. 341-77 exclusively to capital
improvements with a life expectancy of not less than 20 years, to
fund this appropriation, and
WHEREAS, securing of land is deemed to be desirable and to meet
the criteria as set out by Ordinance No. 341-77, 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 estimated rcuenues and appropriations be
increased as follows:
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CAPITAL IMPROVEMENT SPECIAL REVENUE FUND
Increase Estimated Revenues:
Appropriation from Fund Balance $437
Increase Appropriations:
Miscellaneous $437
PASSED BY THE COUNCIL OF THE CITY OF KENAI LASKA, this 3rd day
of September, 1980.
VINCENT O'REILLY AYOR
ATTESST s
J et Whelan, City Clerk
t
First Readings August 20, 1980
Second Readings September 3, 1980
Effective Dates September 3, 1980
Approved by Finances