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HomeMy WebLinkAboutOrdinance No. 2217-2007Suggested by: Administration CITY OF KENAY ORDINANCE NO. 2217-2007 AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA INCREASING ESTIMATED REVENUES AND APPROPRIATIONS BY $190,140 IN THE KENAI SOCCER PARK CAPITAL PROJECT FUND. WHEREAS, the State of Alaska, Department of Natural Resources, Division of Parks & Natural Resources, has offered to increase the grant for the Kenai Soccer Park by $75,000 to a total grant amount of $326,548; and, WHEREAS, the City is required to match the grant with either cash or in-kind services and materials; and, WHEREAS, Ordinance 2118-2005 appropriated X251,548 from the General Fund to match the original grant; and, WHEREAS, the City has identified $115,140 of eligible in-kind services and materials for the project. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA that estimated revenues and appropriations be increased as follows: Kenai Soccer Park Capital Proiect Fund Increase Estimated Revenues: Federal Grant $ 75,000 Other Financing Sources - In-Kind Services and Materials 115,140 X190 140 Increase Appropriations: Administration -State 12% $ 16,072 Construction 174,068 X190_,.140 PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this 21st day of March, 2007. ~~;--' l PAT PORTER, MAYOR ATTEST: ~- C of L reas, City Clerk Approved by Finance: (03/01/2007) jl Introduced: March 7, 2007 Adopted: March 21, 2007 Effective: March 21, 2007