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HomeMy WebLinkAboutOrdinance No. 2508-2010en y of KENAI. ALASKA CITY OF KENAI ORDINANCE NO. 2508 -2010 Suggested by: Administration AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA, INCREASING ESTIMATED REVENUES AND APPROPRIATIONS BY $150,000.00 IN THE MUNICIPAL PARK IMPROVEMENTS CAPITAL PROJECT FUND. WHEREAS, the City of Kenai previously received a grant from the State of Alaska for $1,000,000.00 of which $250,000.00 was appropriated for the City's Library Expansion Project and the remaining $750,000.00 was appropriated for street and sewer projects; and, WHEREAS, there remains $638,952.38 of street, water and sewer project funds currently unallocated to a specific project; and, WHEREAS, the construction of a municipal park on Marathon Road is an eligible project under the state grant; and, WHEREAS, during the FY 11 Budget preparation process it was discussed to redirect $150,000.00 of the State grant funds to the park construction process; and, WHEREAS, in concurrence with the direction given by Council during the FY 11 Budget process, the City Manager has authorized a budget revision and transfer of $150,000.00 to the Municipal Park Improvement Capital Project Fund from the Street, Water and Sewer Capital Project Fund to fund the park construction project; and, WHEREAS, it is in the best interest of the citizens of Kenai to construct a municipal park on Marathon Road. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA that estimated revenues and appropriations be increased as follows: Municipal Park Improvements Capital Project Fund Increase Estimated Revenues: Transfer from Other Funds Increase Appropriations: Engineering 25,000.00 Construction 125,000.00 $150 000.00 New Text Underlined [DELETED TEXT BRACKETED] $150,000.00 Ordinance No. 2508 -2010 Page 2 of 2 PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this 18th day of August, 2010. Carol L. Freas, City Clerk Approved by Finance: 'r rP New Text Underlined; [DELETED TEXT BRACKETED] PAT PORTER, MAYOR Introduced: August 4, 2010 Adopted: August 18, 2010 Effective: August 18, 2010 Nike city KENAI, ALASKA To: Rick Koch, City Manager //From: Terry Eubank, Finance Director Date: July 29, 2010 Re: Ordinance No. 2508 -2010 "Villaye with a Past, Ci y with a Future" FINANCE DEPARTMENT 210 Fidalgo Avenue, Kenai, Alaska 99611 -7794 Telephone: 907 283 -7535 ext 221 FAX: 907 283 -3014 With the buyout of the University of Alaska land lease on Marathon Road the City regained control of the small lake area on leased lot. The City's intent is to construct a municipal park on the site. During discussions for the preparation of the FY 11 City Budget, the administration recommended and was directed by Council to allocate 5150,000.00 of a previously received and appropriated State Grant to fund the construction of the park. The $1,000,000.00 State Grant was previously appropriated via Ordinance 2321 -2008 for the City's Library Expansion Project 5250,000.00 and 5750,000.00 to street, water and sewer projects. Of the $750,000.00 for street, water and sewer projects, $638,952.38 remains unallocated to specific projects and was available for redirection. $150,000.00 has been transferred from the Streets, Water and Sewer Capital Project Fund to the Municipal Park Improvements Capital Project Fund. Prior to expending any funds in the Municipal Park Improvements Capital Projects Fund the Council must appropriate the funds. This is the purpose of Ordinance 2508 -2010.