HomeMy WebLinkAboutOrdinance No. 2380-2009~,:, ,.
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KENA~~~ SKA
Suggested by: Administration
CITY OF KENAI
ORDINANCE NO. 2380-2009
AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA,
APPROPRIATING $325,000 FROM AIRPORT FUNDS TO PURCHASE CERTAIN
IMPROVEMENTS ON PROPERTY KNOWN AS TRACT A-1-A, BARON PARK
SUBDIVISION, FIRE ADDITION FROM THE UNIVERSITY OF ALASKA.
WHEREAS, on May 16, 1991 the University of Alaska (University) and the City of
Kenai (Kenai) entered into a lease agreement for property known as Tract A-1-A, Baron
Park Subdivision, Fire Addition; and,
WHEREAS, the University constructed substantial improvements on the leased
property; and,
WHEREAS, the University and City have mutually agreed to terminate the lease
agreement; and,
WHEREAS, as part of the mutual termination of the lease agreement, the University
has agreed to sell and the City has agreed to purchase the improvements to the
property for $325,000.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF KENAI,
ALASKA, that appropriations be increased as follows:
Airport Fund
Increase Appropriations
Appropriations of Fund Balance $325,000
Increase Appropriations
Buildings 95,000
Improvements other than buildings 136,338
Machinery and equipment 20,000
Misc. expenses 73,662
PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this fourth day of
February, 2009.
PAT PORTER, MAYOR
ATTESBT~y ,, ~y
Corene Hall, Acting City Clerk
Introduced: January 21, 2009
pP y 7 ~;D~ Adopted: Febru~ 4, 2009
A roved b Finance ~ ~ °-u-z._-- Effective: Febru 4, 2009
New Text: Underlined; [DF,LETED TF,XT BRACKETED]