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HomeMy WebLinkAboutOrdinance No. 2501-2010ry °f KENAI, ALASKA AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA, INCREASING ESTIMATED REVENUES AND APPROPRIATIONS IN THE AIRPORT AND AIRPORT IMPROVEMENT CAPITAL PROJECT FUND FOR PREPARATION OF AN AIRPORT MASTER PLAN. WHEREAS, the City last completed an Airport Master Plan in 1997 with supplements issued in 2005 and 2007; and, WHEREAS, at the recommendation of the FAA the City will conduct a new master plan; and, WHEREAS, grant funds have been awarded to the City totaling 5559,587 comprised of 95% FAA $531,608; 2.5% State of Alaska $13,990; and, requiring a 2.5% local share of $13,989; and, WHEREAS, the master plan process is a requirement of the FAA for funding of airport infrastructure improvements utilizing FAA Airport Improvement Funds (AIP). NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, that estimated revenues and appropriations be increased as follows: Airport Fund Increase Estimated Revenues: Appropriation of Fund Balance Increase Estimated Appropriations: Transfer to Capital Projects Airport Improvements Capital Project Fund Increase Estimated Revenues: Federal Grant State Grant Transfer from Airport Fund CITY OF KENAI ORDINANCE NO. 2501 -2010 New Text Underlined' [DELETED TEXT BRACKETED] Suggested by: Administration $13,989 13,989 531,608 13,990 13 989 559 587 Increase Appropriations Administration 50,872 Engineering 508 715 $559 587 Ordinance No. 2501 -2010 Page 2 of 2 PASSED BY THE COUNCIL OF THE CITY OF K. NA 2010. ATTEST: r� Carol L. Freas, City Clerk Approved by Finance: New Text Underlined [DELETED TEXT BRACKETED] thi n day of August, PAT PORTER, MAYOR Introduced: August 4, 2010 Adopted: August 18, 2010 Effective: August 18, 2010