HomeMy WebLinkAboutORDINANCE 2060-20041
SUBSTITUTE
Suggested by: Administration
City of Kenai
ORDINANCE N0.2060-2004
AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA INCREASING
ESTIMATED REVENUES AND APPROPRIATIONS BY X533,333 FOR AIRPORT GRANTS.
WHEREAS, the FAA has offered a X506,666 matching grant for Perimeter Access Gate
Modifications; and,
WHEREAS, the State of Alaska is providing matching grants of ~ 13,333; and,
WHEREAS, it is in the best interest of the City of Kenai to accept these grants and abide
by the grant conditions; and,
WHEREAS, the required local match of 2.5% is ~ 13,333, which is available in the fund
balance of the Airport Land System Special Revenue Fund.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF KENAI,
ALASKA that estimated revenues and appropriations be increased as follows:
Perimeter Access Gate Modifications Capital Proiect Fund
Increase Estimated Revenues:
FAA Grant ~ 506,666
State Grant 13,333
Transfer from Airport Fund 13,334
533 333
Increase Appropriations:
Administration ~ 5,996
Engineering 24, 700
Construction 502,637
533 333
Airport Land System Special Revenue Fund
Increase Estimated Revenue:
Appropriation of Fund Balance 13 334
Increase Appropriations:
Airport M8~0 -Transfer to Capital Projects Funds 13 334
PASSED BY THE COUNCIL OF THE CITY EN I, AL is fi ay of
September, 2004.
OHN ILL AMS, MAYOR
ATT ST:
Carol L. Freas, City Clerk
Introduced: August 18, 2004
Adopted: September 1, 2004
Effective: September 1, 2004
Approved by Finance:
(08/26/2004) hl