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HomeMy WebLinkAboutORDINANCE 2118-20051 Suggested by: Administration CITY OF KENAI ORDINANCE N0.2118-2005 AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA INCREASING ESTIMATED REVENUES AND APPROPRIATIONS BY X251,548 IN THE GENERAL FUND AND X503,096 IN THE KENAI SOCCER PARK CAPITAL PROJECT FUND. WHEREAS, the City of Kenai was awarded a grant of X251,548 from the National Park Services under the provisions of the Land and Water Conservation Fund for the development of soccer fields on a portion of Section 36; and, WHEREAS, the estimated total cost of the project is X503,096 and the 50% match required is X251,548; and, WHEREAS, the City's match is available, after accruing FY2006 estimated revenues, in the General Fund, Fund Balance Designated for Athletic Expenditures. WHEREAS, it is the best interest of the City of Kenai to develop soccer fields on the twenty-five (25) acres noted above. NOW, fiHEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, that estimated revenues and appropriations be increased as follows: General Fund Increase Estimated Revenues: Appropriation of Fund Balance -Designated for Athletic Expenditure 251,548 Increase Appropriations: Transfer to Capital Project 251,548 Kenai Soccer Park Capital Proi ect Fund Increase Estimated Revenues: Grant X251,548 Transfer from General Fund 251, 548 503 096 Increase Appropriations: Construction 503 096 Ordinance No. 2118-2005 Page Two PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this 21st day of September, 2005. ~~ r PAT PORTER, MAYOR ATTESfi: Carol L. Freas, City Clerk Introduced: September 7, 2005 Adopted: September 21, 2005 Effective: September 21, 2005 Approved by Finance: (08/30/2005) hl "O'i//adle with a past, with a 210 Fidalgo Avenue, Kenai, Alaska 99611-7794 Telephone: 907-283-3692 /FAX: 907-283-3693 KENAI. ALASKA MEMORANDUM To.' From: Date: RE: Charles M. Kopp, Acting City Manager Robert J. Frates, Parks & Recreation Directo August 30, 2005 LWCF Grant , The City of Kenai has successfully completed the documentation required to secure the Land and Water Conservation Fund grant for the Kenai Soccer Park project. The estimated project cost is $503,096 and the local share (50%) of the total cost is $251,548. Joy Bryan-Dolsby, Grant Administrator & Alternate State Liaison Officer, has informed me that the 12% Administrative Fee has been removed from this grant cycle. Therefore, our share of the project will be $251,548 rather than the $310,679 as originally thought. The in-kind services amount to approximately $58,427 and are in addition to the $503,096. We will continue to look for other possible in-kind services along the way. If the Kenai City Council approves an Ordinance appropriating the necessary funds, we will begin developing the bid documents so that construction work (cleating) can be initiated during late winter with the remainder of the work occurring throughout the summer months. BUDGET INFORMATION: Architectural and engineering fees Construction Contingencies TOTAL PROJECT COST $58,835 · 378,900 65,361 $5O3 ,O96 Daubenspeck General Funds for Parks & Rec. (current) Daubenspeck General Fund earnings projected within 11.5 months TOTAL LOCAL SHARE $178,200 73,348 $251,548 TOTAL FEDERAL SHARE $251,548