HomeMy WebLinkAboutORDINANCE 0527-1979CI'PY OF KEIJAI
ORDINANCE NO. 527-79
AN ORDINANCF OF THE COUNCIL OF THE CITY OF KENAZ, ALASKA
ESTABLISHING A CAPITAL PROJECT FUND ENTITLED "ADDITION TO
FORT KENAY," AND INCREASING ESTIMATED REVENUES AND AP-
PF~PRZATIONS IN SUCH FUND BY $53,600.
WHEREAS, the City of Kenai has received a grant from the
State of Alaska, Office on Aging in the amount of $4~~,200,
which represents 75$ of the proposed cost of. an addition
to Fort Kenay, and
WHEREAS, there are sufficient monies within the Capital
Improvgraent Special Revenue Pund, 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 the City's required 25$ (or $13,400) of the
project, and
WHEREAS, this capital improvement is deemed to be desirable
and to meet the criteria as set out by Ordinance No. 341-77, and
WHEREA+?, proper accounting practi=Qg require that all ap-
propriations of City monies be made by ordinance.
NOW, THEREFORE, BE IT ORDAINED BY THE' COUNCIL OF THE CITY
OP KENAZ, ALASKA THATs
Section is A capital project fund entitled "Addition to
Fort Kenay~be established.
Section 2s Estimated rep-s^ues and appropriations be in-
creare~as-~ollowss
CAPITAL IMPROVEMENT SPECIAL REVENUE FUND
increase Estimated Revenues:
Appropriation from Fund Balance 513,400
Increase Appropriationrs
Transfer to Capital Projects ~, 0
ADDITION TO FORT KENAY CAPITAL PROJECT_FUND
Increase Estimated Revenuers
Transfer from Capital Improvement Fund $13,400
State of Alaska Grant 40,200
53,600
Zncreaeo App.roprfation~:
Administration $ 200
Architectual Engineering 5,400
Construction 48 000
53,600
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Ordnance No. 527-79, Page 2
PASSED BY THE COUNCIL OF THE CITY AF KENAI, ALASKA this
17th day of October, 1979% J_'7L~ l
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VINCENT O' REILLY,jNF-YbR
ATTESTS : t
Su C. Peter, City Clerk
APPROVED BY FINANCE: L"G1 First Reading: October 3, 1979
Second Reading: October 17, 1979
Effective Date: October 17, 1979
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