HomeMy WebLinkAboutORDINANCE 0334-1977 ORDINANCE NO. 334-77 --I'lL/
AN ORDINANCE OF THE COUNCIL OF THE. CITY OF KENAI, ALASKA, P~.OVlDING
Ti~AT THE (~UESTION OF DEDICATING CERTAIN BOND FUNDS TO THE CONSTRUCTION
OF WATER AND SEWER IMPROVEMENTS BE SUBMITTED TO THE OUALIFIED VOTERS
OF THE CITY OF KENAI.
WHEREAS, to further the health and welfare of the inhabitants of the City of
Kenai, Alaska, it is deemed necessary and adv!sable that the City transfer
$354,583 of the remaining proceeds of the 1974 Advance Refunded General
Obligation Bonds of the City of Kenai to Water and Sewer System Improvements
for the purpose of providing part or all of the funds necessary to plan, acquire,
construct, and install major capital improvements to the water supply and
distribution system and the sanitary sewer system of the City.
NOW, THEREFORE, BE IT ORDAINED by the Council of the City of Kenai,
Alaska, as follows:
Saction h R is hereby found and dc, elated that the public health,
welfare, safety, and convenience requi~e the City of K~-~ai to ear~y out plans
for major capital improvements to the water supply and distribution system
and the sanitary sewer system of the Ciiy by the reallocation of $334,583
of the remaining preceeds of the 1974 Advance Refunded General Obligation
Bonds herein described for such purposes.
Section 2: The City shall design, plan, acquire, construct and
equip the following capital improvements:
A. Major improvements to the water supply and distribution
system such as major transmission lines, a fi~e reservoir, and improve-
ments to the water well.
B. Major improvements to the sanitary sewer system to
include such items as treatment plant expansion, additional lift
stations and improvements.
Saction 3: In the event that the funds available for any of the above
projects win not permit the acquisition, construetion, and installation of all
the improvements for which this transfer is approved, such portion of the
improvements as may be found most neeessaty by the Council of the City of
Kenai, Alaska, shall be acquired, constructed and installed.
NO, :!3. 7, Pag,~ Two
Section 4: Propositions of whether or not the City shall transfer
$334,583 of the remaining proceeds of the 1974 Advanced Refunded General
Obligation Bond Issue for the purposes described in S¢~tion 2 hereof shall be
submitted to the qualified voters of the City cf Ktmat for their ratification or
rejection at the general election to be held within the City on the llth day
of October, 1977. Said proposition shall be in the following form:
PROPOSITION
Water & Sewe~ System Impr .o~e.ments
$334,553
Shall the City of I(ermi, Alaska, transfer $334,683 from the proceeds
of the 1974 Advance Refunded General Obligation Bond dedicated to the Civic
Center C~,-nplex to Water and Sewer System Improvements, for the puc'pose of
providing part or all of the funds necessary to plan, acquire, construct and
install capital improvements to the water supply and distribution system and
the sanitary sewer system of the City?
YES
NO
PASSED by the Council of the City of K~nai, Alaska this 20th day of April, 1977.
ATTEST:
JAMES A. ELSON, MAYOR
Sue C. Peter, City Clerk
FIRST READING: April 6, 1977
SECOND READING: Aoril 20, 1977
FOTTRmT~ n~ADING:
EFF~C~ DATE: