HomeMy WebLinkAboutOrdinance No. 2298-2008Suggested by: Administration
CITY OF KENAI
ORDINANCE NO. 2298-2008
AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA INCREASING
ESTIMATED REVENUES AND APPROPRIATIONS BY $260,000 IN THE GENERAL
FUND TO PURCHASE AIRPORT LAND IN THE AREA OF THE PUBLIC SAFETY
BUILDING.
WHEREAS, the land upon which the Public Safety building is situated and the
adjacent parking areas are Airport Land; and,
WHEREAS, the Airport Consultant believes the General Fund must either purchase
the land or pay rent on it; and,
WHEREAS, since the Public Safety building and part of City Hall is located on Airport
Land, it is in the best interest of the City of Kenai for the General Fund to purchase
this property rather than pay rent at the rate of 8% of value; and,
WHEREAS, the appraised value of the property described as Lots 6-10, Block 1,
Fidalgo Commercial Center is $260,000; and,
WHEREAS, funds are available in the fund balance of the General Fund.
NOW, THEREFORE, 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 $260,000
Increase Appropriations:
Land Department -Land $260,000
PASSED BY THE COUNCIL OF THE CITY OF AI S t 16th day of April,
2008.
PAT PORTER, MAYOR
ATTEST:
Carol L. Freas, City Clerk
Approved by Finance: 6`~~~
(03/24/2008) hl
Introduced: April 2, 2008
Adopted: April 16, 2008
Effective: April 16, 2008