HomeMy WebLinkAboutOrdinance No. 2330-2008Suggested by: Administration
CYTY OF KENAI
ORDINANCE NO. 2330-2008
AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA INCREASING
ESTIMATED REVENUES AND APPROPRIATIONS BY $25,000 IN THE AIRPORT
SPECIAL REVENUE FUND AND THE COURTHOUSE PARKING CAPITAL PROJECT
FUND FOR ENGINEERING.
WHEREAS, the State of Alaska has requested the City of Kenai to construct a parking
lot on City property adjacent to the Kenai Courthouse; and,
WHEREAS, the State of Alaska intends to lease the parking lot from the City on a long
term lease; and,
WHEREAS, this lease would provide revenue to the Airport Fund; and,
WHEREAS, it is in the best interest of the City of Kenai to design the parking lot at
this time; and,
WHEREAS, funds are available in the fund balance of 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 Special Revenue Fund
Increase Estimated Revenues:
Appropriation of Fund Balance $25,000
Increase Appropriations:
Transfer to Capital Project Fund $25,000
Courthouse Parking Capital Project Fund
Increase Estimated Revenues:
Transfer from Airport Special Revenue Fund $25,000
Increase Appropriations:
Construction $25,000
Ordinance 2330-2008
Page 2
PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this 16th day of July,
2008.
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PAT PORTER, MAYOR
ATTEST:
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Carol L. Freas, City Clerk
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Approved by Finance: r ~/ ~~. __
(06/26/2008) hl
Introduced:
Adopted:
Effective:
July 2, 2008
July 16, 2008
July 16, 2008
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the city o f //
KENA~ 5KA
"!/'flays Lvit~t a Aast, G~~ u~it~i a Fr~tuYe"
210 Fidalgo Avenue, Kenai, Alaska 99611-7794 a~~
Telephone: 907-283-7535 /FAX: 907-283-3014 1'II~I
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MEMO:
TO: City Council
FROM: Rick Koch
DATE: June 26, 2008
SUBJECT: Ordinance No. 2330-2008, Courthouse Parking Lot
The Administration recommends approval of the above referenced ordinance
appropriating funding for the design of a municipal airport-owned parking lot located on
airport property adjacent to the State of Alaska Courthouse.
The Court System has tentatively agreed to a long-Tenn lease for the parking lot from the
airport, and received funding for that purpose in the SFY 09 operating budget.
The airport investment in Phis project is projected to be ful'iy recovered within a period of
ten years or less.
If you have any questions please contact me at your convenience.