HomeMy WebLinkAboutORDINANCE 0507-1979=_ -_--
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CITY OF KENAI
ORDINANCE NO. 507-79
AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA
CREATING A C:~PZTAL PROJECT FUND ENTITLED "VJILLOW STREET
LUMINARIES" AND INCREASING ESTI2~IATED REVENUES AND APPROPRI-
ATIONS IN SUCH FUND BY $75,000.
WHEREAS, the State of Alaska is planning reconstruction of
Willow Street, and as pait of the project the City of Kenai
may elect to have the State install luminaries at the City's
expense, and
WHEREAS, the addition of luminaries to the project is deemed
to be desirable, and
WHEREAS, of the estimated cost of the luminaries of $135,000,
the Council of the City of Kenai desires that $60,000 be
funded by Local Service Roads and Trails State Grant funds,
an8 the remaining $75,000 be funded by City Street Bond
Funds, 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 thats
Section 1: The City ad.~ninistration be directed to
request the State to proceed with Roliciting bids on the
installation of luminaries on Willow Street,
Section 2: The City administration be directed to
request the State to apply $60,000 of the City's entitlement
of Local Service Roads and Trails monies to this project in
the event that the bid award for the project is made by the
Council, and
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Section 3s Estimated revenues and appropriations in
the cap t~a-1 project fund entitled "Willow Street Luminaries"
be increased as follows:
Increase Estimated Revenues:
1974 Refunded Bonds (Streets) $75,0u0
Increase Appropriations:
Construction $75,000
PASSED BY THE COUNCIL OF THE CITY OF KENAI, RL:S:'L *his 5th
day of July, 1979.
ATTES s
S e C. Peter, City Clerk
VINC-ENT 0 REILLY~YQ
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~ Ord. 507-79, page 2
Appresved by Finance: L~I.~
First Readfng: June 20, 1979
Second Reading: July 5, 1979
Ef~octive Date: July 5, 1979
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