COMMITTEE SUBSTITUTE
FOR ORDINANCE NO. 120359
Estimating revenues in the amount
of $2,800,054.00 in Fund 3429, the 2012A Special Obligation Bond Fund and
appropriating the same from the sale of Special Obligation Bonds, Series 2012A;
estimating revenues in the amount of $44,831,245.00 in Fund 3430, the 2012B
Special Obligation Taxable Bond Fund and appropriating the same from the sale
of Special Obligation Taxable Refunding and Improvement Bonds, Series 2012B;
estimating revenues in the amount of $518,489.00 in Fund 3980, the George E.
Wolf Parking Garage Bond Fund, representing interest on investments;
appropriating $3,006,245.00 in the George E. Wolf Parking Garage Bond Fund and
appropriating $1,545,000.00 in the PIEA Taxable Kemper Garage Bond Fund both as
transfers to Fund 3430, 2012B Special Obligation Taxable Bond Fund; designating
requisitioning authorities; authorizing the Director of Finance to close
project accounts upon project completion and recognizing an emergency.
BE IT ORDAINED
BY THE COUNCIL OF KANSAS CITY:
Section 1. That
the revenue in the following accounts of Fund 3429, Special Obligation, Series
2012A Bond Fund is hereby estimated in the following amounts:
AL-3429-120000-590000 Proceeds
from Sale of Bonds $2,608,650.00
AL-3429-120000-485100 Reoffering
Premium 191,404.00
TOTAL
$2,800,054.00
Section
2. That the sum of $2,800,054.00 is hereby appropriated from the
Unappropriated Fund Balance of Fund No. 3429, Special Obligation, Series 2012A
Fund to the following accounts:
AL-3429-129632-B Original
Issue Discount $ 134,075.00
AL-3429-129620-B Bond
Issuance Expense 61,000.00 AL-3429-129631-B Underwriter
Discount 89,887.00
AL-3429-129686-B 2012A
Rebate Subaccount 5,000.00
AL-3429-
878013-B Public Infrastructure
2,002,704.00
AL-3429-181320-B Revenue
System 24,794.00
AL-3429-129998-X Transfer
to Fund 1000 (Capitalized
Interest) 482,594.00
TOTAL $2,800,054.00
Section 3.
That the appropriation in the following account of Fund. No. 3290, the PIEA
Taxable Kemper Garage Bond Fund is hereby reduced by the following amount:
AL-3290-129611-B PIEA
2001 Debt Service
Reserve
$1,545,000.00
Section 4. That
the sum of $1,545,000.00 is hereby appropriated from the Unappropriated Fund
Balance of Fund No. 3290, the PIEA Taxable Kemper Garage Bond Fund to the
following account:
AL-3290-129998-903430 Transfer
to 2012B Special Obligation Taxable $ 1,545,000.00
Bond Fund
Section 5. That
the revenue in the following account of Fund 3980, the George E. Wolf Parking
Garage Bond Fund is hereby estimated in the following amount:
AL-3980-120000-460000
Interest on
Investments
$518,489.00
Section 6.
That the appropriation in the following account of Fund. 3980, the George E.
Wolf Parking Garage Bond Fund is hereby reduced by the following amount:
AL-3980-129611-B
KCMAC 2001A
Debt Service
Reserve
$2,487,823.47
Section 7. That
the sum of $3,006,245.00 is hereby appropriated from the Unappropriated Fund
Balance of the Fund No. 3980, George E. Wolf Parking Garage Bond Fund, Series
2001A:
AL-3980-129998-903430 Transfer
to 2012B Special Obligation Taxable $3,006,245.00
Bond Fund
Section 8. That
the revenue in the following accounts of Fund 3430, 2012B Special Obligation
Taxable Bond Fund is hereby estimated in the following amounts:
AL-3430-120000-590000 Proceeds
from Sale of Bonds $40,280,000.00
AL-3430-120000-503980 Transfer
from KCMAC 2001A DSR 2,487,756.00
AL-3430-120000-503290 Transfer
from PIEA 2001A DSR 1,545,000.00
AL-3430-120000-503980 Transfers from KCMAC 2001A 518,489.00
TOTAL
$44,831,245.00
Section
9. That the sum of $44,831,245.00 is hereby appropriated from the
Unappropriated Fund Balance of Fund No. 3430, 2012B Special Obligation Taxable
Bond Fund to the following accounts:
AL-3430-129632-B Original
Issue Discount $ 310,603.00
AL-3430-129620-B Bond
Issuance Expense 211,000.00 AL-3430-129631-B Underwriter
Discount 298,345.00
AL-3430-129686-B 2012B
Rebate Subaccount 5,000.00
AL-3430-129671-G Partial
Defeasance of the East Village Note 4,400,000.00
AL-3430-108047-B Downtown
Residential 10,001,251.00
AL-3430-648045-B 63rd
and Prospect Redevelopment 2,428.00
AL-3430-129998-X Transfer
to Fund 1000 (Capitalized
Interest) 1,285,399.00
AL-3430-129671-G Defeasance
of Series PIEA 2001 11,212,965.00
AL-3430-129671-G Defeasance
of Series KCMAC 2001A 14,640,993.00
AL-3430-129671-G Defeasance
of Series Spec Obl.2010B 2,463,261.00
TOTAL
$44,831,245.00
Section
10. That
the Director of Finance is hereby designated as requisitioning authority for Account
Nos. AL-3429-129631, AL-3429-129620, AL-3429-129632, AL-3429-129998,
AL-3429-129686, AL-3430-129631, AL-3430-129620, AL-3430-129632, AL-3430-129998,
AL-3430-129671, AL-3290-129998-903430, AL-3980-129998-903430, and AL-3430-129686,
that the Director of Information Technology is designated requisitioning
authority for Account No. AL-3429-181320, that the Director of Capital Projects
is designated requisitioning authority for Account No. AL-3429-878013, that the
City Manager is designated requisitioning authority for Account No. AL-3430-108047
and that the Director of City Planning and Development is designated
requisitioning authority for Account No. AL-3430-648045.
Section 11. That
the Director of Finance is hereby authorized to close project accounts upon
project completion and return the unspent portion of the appropriation to the
Fund Balance from which it came.
Section 12. Declaration of Emergency. This ordinance is recognized as an emergency
measure within the provisions of Section 503(a)(3)(c) of the City Charter in
that it appropriates money and shall take effect in accordance with that
section.
I hereby certify that
there is a balance, otherwise unencumbered, to the credit of the appropriation
to which the foregoing expenditure is to be charged, and a cash balance,
otherwise unencumbered, in the treasury, to the credit of the fund from which
payment is to be made, each sufficient to meet the obligation hereby incurred.
Randall
J. Landes
Director
of Finance
Approved
as to form and legality:
Sarah
Baxter
Assistant
City Attorney