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HomeMy WebLinkAboutRESOLUTION 1993-79Suggested :by= City of Kenai BBBOLOTXOM MO. g3-7g Administration. A RESOLUTION OF THE COUNCIL OF THE CITY OU KEN&Z, ALASK~ TRANSF~ZNG $25,000 ZNTHE AIRPORT DRAINAGE AND SAFETY. PROJECT FOR CONSTRUCTION COST OVERRUNS. WHEREAS, construction of the Airport Drainage and sa£etY ...'.. project is expected to exceed the budget by approximately. $25,000 because of (1) quantity overruns in excavation and utility relocations, and (2) interest on retainage that must be paid the contractor under State lay; and WHEREAS, cost underruns in inspection will result in savings sufficient to transfer monies. The total project cost will.. not exceed total budget. NOW, THEREFORE, KENAI, ALASKA, that the following budget BE IT P~SOLV~.D BY THE CO~I~ClL OF ~tE C!TY..OF' transfers be made::'..' Airport Drainaae and From: Inspection Safetv $25,000 $25,000 To: Construction PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this -- 20th day of October, 1993. ATTEST: Approved by (1.0/8/93) kl Finance: ~/~