HomeMy WebLinkAboutOrdinance No. 2638-2012the a y Ole
KENAI. ALASKA
Suggested by: Administration
CITY OF KENAI
ORDINANCE NO. 2638 -2012
AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA, DECREASING
ESTIMATED REVENUES AND APPROPRIATIONS BY S362,131 IN THE STREET AND
SEWER CAPITAL PROJECTS AND INCREASING ESTIMATED REVENUES AND
APPROPRIATIONS BY $362,131 IN THE PARK IMPROVEMENTS CAPITAL PROJECT
FUND FOR CAPITAL IMPROVEMENTS IN MUNICIPAL PARK.
WHEREAS, via Ordinance No. 2321 -2008, the City appropriated a State of Alaska
grant for public improvements by placing $250,000 in the Library Expansion Capital
Project and the remaining $750,000 in the Street and Sewer Capital Project Fund;
and,
WHEREAS, $362,131 of the public improvements grant remains unencumbered within
the Street and Sewer Capital Projects Fund; and,
WHEREAS, grant provisions allow the use of grant funds for park improvements; and,
WHEREAS, improvements to Municipal Park will be an asset and its improvement is
in the best interest of the City, especially Kenai youth, to utilize the available grant
funding for completion of this project.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF KENAI,
ALASKA that estimated revenues and appropriations be increased as follows:
Street and Sewer Capital Projects Fund
Decrease Estimated Revenues:
State Grants
$362,131
Decrease Appropriations:
Construction $362,131
Parks Improvement Capital Project Fund
Increase Estimated Revenues:
State Grants
362,131
Increase Appropriations:
Construction $362,131
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Ordinance No. 2638 -2012
Page 2 of 2
PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this 10th day of July,
2012.
ATTEST:
4 VI
Sndi a M digh, ity Clerk
Approved by Finance:
PAT PORTER, MAYOR
Introduced: June 20, 2012
Adopted: July 10, 2012
Effective: July 10, 2012
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