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Legislation #: 080897 Introduction Date: 9/4/2008
Type: Ordinance Effective Date: none
Sponsor: None
Title: Estimating revenues in the amount of $81,400,000.00 and $20,865,000.00 in Fund 5370, the Convention and Sports Complex Fund for the Special Obligation Refunding Bonds (H. Roe Bartle Convention Center Project) Series 2008E and Series 2008F Bonds, respectively and appropriating the same; appropriating $1,200,000.00 from the Unappropriated Fund Balance of Fund 5370, the Convention and Sports Complex Fund; designating requisitioning authority; and authorizing the Director of Finance to close project accounts upon completion.

Legislation History
DateMinutesDescription
9/4/2008 Filed by the Clerk's office
9/4/2008 Referred to Finance and Audit Committee
9/10/2008 Do Pass
9/11/2008 Assigned to Third Read Calendar
9/18/2008 Passed

View Attachments
FileTypeSizeDescription
080897.pdf Authenticated 90K Authenticated
http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=080897 Video Link 0K http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=080897
Bartle Hall 2008E and 2008F Fiscal Note.xls Fiscal Note 29K Fiscal Note
Bartle Hall E A Worksheet.xls Other 333K Other
Bartle Hall E A Factsheet.xls Fact Sheet 49K Fact Sheet

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ORDINANCE NO. 080897

 

Estimating revenues in the amount of $81,400,000.00 and $20,865,000.00 in Fund 5370, the Convention and Sports Complex Fund for the Special Obligation Refunding Bonds (H. Roe Bartle Convention Center Project) Series 2008E and Series 2008F Bonds, respectively and appropriating the same; appropriating $1,200,000.00 from the Unappropriated Fund Balance of Fund 5370, the Convention and Sports Complex Fund; designating requisitioning authority; and authorizing the Director of Finance to close project accounts upon completion.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the revenue in the following account of Fund No. 5370, the Convention and Sports Complex Fund is hereby estimated in the following amount:

 

09-5370-120000-590000 Proceeds from Sale of Bonds $81,400,000.00

Section 2. That the sum of $81,400,000.00 is hereby appropriated from the Unappropriated Fund Balance of Fund No. 5370, the Convention and Sports Complex Fund to the following accounts:

 

09-5370-129671-B Defeasance of Bonds (Series 2004A) $80,885,000.00

09-5370-129620-B Bond Issue Expense 421,428.00

09-5370-129631-B Underwriter Discount 88,572.00

09-5370-129686-B Arbitrage Rebate Calculation 5,000.00

TOTAL $81,400,000.00

 

Section 3. That the revenue in the following account of Fund No. 5370, the Convention and Sports Complex Fund is hereby estimated in the following amount:

 

09-5370-120000-590000 Proceeds from Sale of Bonds $20,865,000.00

 

Section 4. That the sum of $20,865,000.00 is hereby appropriated from the Unappropriated Fund Balance of Fund No. 5370, the Convention and Sports Complex Fund to the following accounts:

 

09-5370-129671-B Defeasance of Bonds (Series 2005) $20,610,000.00

09-5370-129620-B Bond Issue Expense 227,307.00

09-5370-129631-B Underwriter Discount 22,693.00

09-5370-129686-B Arbitrage Rebate Calculation 5,000.00

TOTAL $20,865,000.00


Section 5. That the sum of $1,200,000.00 is hereby appropriated from the Unappropriated Fund Balance of Fund No. 5370, the Convention and Sports Complex Fund, to the following account:

 

09-5370-129610-B Bartle Hall Expansion $1,200,000.00

Section 6. That the Director of Finance is hereby designated as the requisitioning authority for account numbers 09-5370-129671, 09-5370-129620, 09-5370-129631, 09-5370-129686.

 

Section 7. 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.

 

___________________________________________________

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.

 

 

___________________________

Jeffrey A. Yates

Director of Finance

 

Approved as to form and legality:

 

 

_____________________________

Heather A. Brown

Assistant City Attorney