HomeMy WebLinkAboutRESOLUTION 1998-87Suggested by:
City of Kenai
RESOLUTION NO. 98-87
Administration
A RESOLUTION OF THE COUNCIL OF THE CITY OF KENAI, ALASKA
TRANSFERRING $21,000 IN THE KENAI ARFF CAPITAL PROJECT FUND FOR
THE PAYMENT OF INTEREST ON RETAINAGE.
WHEREAS, the City held retainage on the Alcan General Contract; and
WHEREAS, State law requires the payment of 10.5% interest on retainage; and
WHEREAS, funds are available in the contingency account of the Kenai ARFF
Capital Project Fund.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
KENAI, ALASKA, that the following budget transfers be made:
Kenai ARFF Capital Proiect Fund
From: Contingency
$21,000
.To' Construction $21,000
PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this 2nd day of
December, 1998.
H. Ra~ond. Measles
ATTEST:
She Padilla, Acting City Clerk
Approved by Finance' ~'.~
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(11/25/981 kl