HomeMy WebLinkAboutRESOLUTION 1968-44
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A RESOLTJT I UN OF THT' (:l TY OF KFPJA T , A I~A:,Y,A, ~:T;RT i I' Y7 i1G TO ~"IiE
ECONOMIC DEVEIAPJAEI`dT AnraTiaT ~TRATTUTJ OF i }IL DH, PARTI~JET`J'P of COI~dERCE,
THE SOURCE, (;OMMTTTIlIk;TJT AI•lU AVAl LAL'ILITY OF FiII~TD^ TO r•'UT~:?T THE
GRANT CONTATNED TN PR0.7ECT U7-1-UU2'(1 MADE BY SATs AGFId~;Y TO THF;
CITY OF KENAI, ALAS}CA,
tlhereas, the Economic Development Aget-cy of t,Y-e liApartment of
Commerce has made a grant, contained in Project 0'(-1-002'jl, to
the City of Kenai, AlasY.a, and
tJhereas, the City of Kenai did committ in accepting such gran*.
ofYer to furnish funds for matching purposes for said grant.
NOW THEREFORE BE IT RESOLVED BY THE CITY r,OUNGIL OF THE CITY
OF KENAI, ALASIU, that:
1. The City of Kenai does hereby pledge the funds from the
General Obligation Bond, voted February 2$, 1867, and Sold
ceptember 2F, 1967, entitled "Water, Sewer and Utreet Bonds"
in the total sum of $1,400,000, to the extent required to
meet the requirements of the said project in its latest amendment.
2. The City of Kenai further pledges that said funds Y~ave been
expended on said project under the terms and agreements covering
said project, and that there are sufficient funds in said
Bond Fund to complete the project as latest amended.
PASSEll BY THE CITY COUPJCIL OF THE CITY OF KENAI, ALASKA, this the
7th day of August 1868.
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Euge H. Morin,
Mayo ,
Attest:
~J /f~a.Ctro,/~ ,
rances Tor lsen, C ty C e`rk-
The undorsihnnd dies hgrrby tcrt~W that 1Fo ~~'~....
1s o uue ~u~d C6•rat ~~ vY o' she ~I'~cv,l records of tho City
0) K ar..r. •~io•.%'~. on I~Io ~•~ n y ~,ft'cu
Kenai, Alu.ii.~ _~duY of _`~~~~ 19~~
City Gbrk
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