HomeMy WebLinkAboutOrdinance No. 2216-2007Suggested by: Administration
CITY OF KENAI
ORD%NANCE NO. 2216-2007
AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA INCREASING
ESTIMATED REVENUES AND APPROPRIATIONS BY $3,650,322 IN THE RUNWAY
SAFETY AND IMPROVEMENTS CAPITAL PROJECT FUND.
WHEREAS, the Airport Master Plan calls for certain improvements to the main runway
including new runway lighting, overlay of runway pavement, pavement of runway
shoulders, and a 200 foot extension of the runway to provide required safety area on
the south end of the runway; and,
WHEREAS, Ordinance 2171-2006 appropriated $8,654,232 of the total estimated
project cost of $12,604,554; and,
WHEREAS, the FAA has offered a grant of $3,541,997 to fund 95% of the project; and,
WHEREAS, the State of Alaska is expected to provide 2.5% of the project cost; and,
WHEREAS, the City previously funded $300,000 of its 2.5% share which totals
$315,114 and the additional funds are available in the Airport Fund.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF KENAI,
ALASKA that estimated revenues and appropriations be increased as follows:
Airport Fund
Increase Estimated Revenues:
Appropriation of Fund Balance $15,114
Increase Appropriations:
Transfer to Capital Project Fund $15,114
Runway Safety Area Capital Proiect Fund
Increase Estimated Revenues:
FAA Grant $3,541,997
State Grant 93,211
Transfer from Airport Fund 15,114
3.650,322
Increase Appropriations:
Engineering $ 50,000
Construction 3.600,322
3.650.322
Ordinance No. 2216-2007
Page Two
PASSED BY THE COUNCIL OF THE CI OF AI ALASKA, this 18th day of April, 2007.
~ ~~~% ~~~~i~r1/
PAT PORTER, MAYOR
ATTEST:
V i-~'~
Carol L. Freas, City Clerk
Introduced: March 7, 2007
Second Reading: March 21, 2007 (postponed)
Third Reading: April 4, 2007 (postponed)
Adopted: April 18, 2007
Effective: April 18, 2007
Approved by Finance:
(03/01/2007) jl