HomeMy WebLinkAboutResolution No. 2012-08the u7y of
KENAI. SKA
Suggested by: Administration
CITY OF KENAI
RESOLUTION NO. 2012 -08
A RESOLUTION OF THE COUNCIL OF THE CITY OF KENAI, ALASKA, AUTHORIZING
A BUDGET TRANSFER WITHIN THE GENERAL FUND - FOR EXTERNAL LEGAL
ASSISTANCE RELATED TO LAND ISSUES.
WHEREAS, the City has retained outside legal counsel for assistance with land issues
related to the Cook Inlet Natural Gas Storage Alaska Facility; and,
WHEREAS, current budget is insufficient and an additional $15,000 is needed for
these services; and,
WHEREAS, the FY12 City insurance cost are S$96,260 less than budgeted of which
$23,560 remains available for redirection.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF KENAI,
ALASKA, the following budget transfer be made:
General Fund -
From:
Non - Departmental - Insurance
$15,000
To:
City Manager - Professional Services $15,000
PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this 1st day of
February, 2012.
PAT PORTER, MAYOR
ATTEST;
Sandra Moaigh, Cit r Clerk
Approved by Finance: 7
KENAI, ALASKA
'Wlaye with a Past, Gity with a Future°
FINANCE DEPARTMENT
210 Fidalgo Avenue, Kenai, Alaska 99611 -7794
Telephone: 907 - 283 -7535 ext 221 / FAX: 907 - 283 -3014
To: Rick Koch, City Manager
From: Terry Eubank, Finance Director
Date: January 26, 2012
Re: Resolution 2012 -08
At your request 1 have prepared Resolution 2012 -08 to provide additional funding for outside
legal services in connection with land issues regarding Cook Inlet Natural Gas Storage Alaska.
The resolution will provide an additional $15,000 for these services in you department's
professional services account.
Funds are available due to savings on the City's FY12 insurance renewal. Insurance premiums
were $96,260 less than budgeted. To date $63,000 has been redirected for information
technology upgrades leaving $33,260. Resolution 2012 -09 requests the use of $7,700 leaving
$25,560 available which is more than enough for this request.