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HomeMy WebLinkAboutOrdinance No. 2239-2007%~,,~ 0 Suggested by: Administration CITY OF KENAI f ORDINANCE NO. 2239-200? AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA INCREASING ESTIMATED REVENUES AND APPROPRIATIONS IN THE WILDWOOD` WATER MAIN CAPITAL PROJECT FUND TO PROVIDE ADEQUATE FUNDING FOR`~THE PROJECT. WHEREAS, the City of Kenai received a grant of $480,000 from/the State of Alaska to build a water main to the Wildwood Correctional Facility; anc}~ WHEREAS, the grant included $40,000 to reimburse the ity for contract administration; and, WHEREAS, the bids for the project came in higher th expected such that the project is short about $90,000 including $43,000 for contin ency; and, WHEREAS, it is in the best interest of the City of enai to build this water main; and, WHEREAS, the City administration recommen s that the $40,000 contract administration reimbursement be applied to onstruction costs; and, WHEREAS, in FY2007 the City received gr t #07-DC-231 for $322,000 from the State of Alaska for water, sewer, and str t projects which was recorded in the FY06 Street/Sewer Capital Project Fund; an , WHEREAS, the remaining $50,000 /ceded to award the contract is available from the FY2007 State Capital Grant #07-DC,nt-231. NOW, THEREFORE, BE IT ORD~ED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA that: ////// Section L Estimated revenuefi and appropriations be increased/decreased as follows Decrease Estimated Rev nues: Appropriations of Fu d Balance X50,000 Decrease Appropria 'ons: Construction $50,000 ildwood Water M ~n Ca ital Project Fund Increase Estim ed Revenues: State Grant 07-DC-321 $50,000 Increase Appropriations: Construction $50,000 Ordinance No. 2239-2007 Page Two Section 2: The following budget transfers be made: Wildwood Water Main Capital Proiect Fund From: Administration $40,000 To: Construction $40,000 PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this 20th day of June, 2007. PAT PORTER, MAYOR ATTEST: Carol L. Freas, City Cierk Introduced: June 6, 2007 Adopted: June 20,2007 Effective: June 20, 2007 Approved by Finance: