HomeMy WebLinkAboutOrdinance No. 2318-2008Suggested by: Administration
CITY OF KENAI
ORDINANCE NO. 2318-2008
AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA INCREASING
ESTIMATED REVENUES AND APPROPRIATIONS BY $501,632 IN THE UREA
STORAGE BUILDING FUND FOR CONSTRUCTION.
WHEREAS, the FAA has offered the City of Kenai a grant in the amount of $488,769
for design and construction of a urea storage building; and,
WHEREAS, the FAA grant covers 95% of the total project cost of $S 14,494; and,
WHEREAS, it is in the best interest of the City of Kenai to accept the grant for its
stated purpose; and,
WHEREAS, the State of Alaska is expected to cover half of the required match of 5%;
and,
WHEREAS, the Airport Fund has already transferred. $70,000 to the project, which is
greater than the required match.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF KENAI,
ALASKA that estimated revenues and appropriations be increased as follows:
Urea Storage Building Capital Proiect Fund
Increase Estimated Revenues:
Federal Grant $488,769
State Grant 12 863
$501,632
Increase Appropriations:
Construction $501,632
PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this 18th day of June,
2008.
~ ~~ ~~
PAT PORTER, MAYOR
ATTEST: ~~,v/~)-~
_~ `~ i'
Carol L. Freas, City Clerk
Introduced: June 4, 2008
Adopted: June 18, 2008
Effective: June 18, 2008
Approved by Finance:
(05(20/2008) hl