HomeMy WebLinkAboutORDINANCE 0530-1979-------.r- .r-.4~.•~r•~
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I CITY OF KENAI '`-
ORDINANCE N0. 530-79
AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI INCREASING ESTIMATED REVENUES
AND APPROPRIATIONS IN THE CAPITAL PROJECT FUND ENTITLED "WILLOW STREET LUMINAIRES"
BY $13,042.
WHEREAS, the City of Kenai, by Ordinance No. 507-79, has appropriated $75,000 of 1974
Refunded Street Bond monies for the installation of luminaires along Willow Street,
and
WHEREAS, those bond monies were to be combined with $60,000 of Local Service Roads
and Trails (LSR&T) program funds to provide $135,000 as the estimated cost of the
project, and
WHEREAS, the low bid, as negotiated, for the project is $155,000, and
WHEREAS, Council desires that we proceed with the project and that existing LSR&T
monies of $6,958 be used as well as $13,042 of bond monies to provide the additional
$20,000 needed,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
as follows:
Section 1: The City Administration be directed to request the State of
1aA s~to increase the amount of Local Service Roads & Trails funds applicable
to this project by $6,958 -- to a total of $66,958, and
Section 2: Estimated revenues and appropriations in the capital project
fund entitled "Willow Street Luminaires" be increased as follows:
Increase Estimated Revenues:
1974 Refunded Bonds (Streets) $13 ,42
Increase Appropriations:
construction $13,042
PASSED BY THE COUNCIL THIS 7th day of November, 1919 ~ ,
INCEi~T 0 REILLY,
Attest:
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ty C erc FIRST READING: October 11, 1979
• SECOND READING: November 7, 1979
EFFECTIVE DATE: November 7, 1979
Finance Director Approval: ~T~'
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