COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 150272
Establishing
Fund No. 8075, the 2015A Water Revenue Bond Fund; estimating revenues in the
amount of $65,813,574.05 in Fund 8075, the 2015A Water Revenue Bond Fund and
appropriating the same from the sale of Water Revenue Bonds, Series 2015A;
designating requisitioning authorities; authorizing the Director of Finance to
close project accounts upon project completion, establishing fund No. 8187, the
2015A Sewer Revenue Bond Fund; and recognizing an accelerated effective date.
BE
IT ORDAINED BY THE COUNCIL OF KANSAS CITY:
Section 1. That Fund No. 8075, 2015A Water Revenue Bond Fund, is hereby
established in the records of the City of Kansas City, Missouri.
Section
2. That the revenue in the following accounts of Fund 8075, 2015A Water
Revenue Bond Fund is hereby estimated in the following amounts:
AL-8075-120000-590000
Proceeds from Sale of Bonds $59,790,000.00
AL-8075-120000-485100
Premium on Bonds 6,023,574.05
TOTAL $65,813,574.05
Section
3. That the sum of $65,813,574.05 is hereby appropriated from the
Unappropriated Fund Balance of Fund No. 8075, 2015A Water Revenue Bond Fund to
the following accounts:
AL-8075-807705-B Water
Main Replacement Program $41,561,341.45
AL-8075-807707-B Transmission
Mains 7,850,000.00
AL-8075-807715-B Pump
Station 8,090,000.00
AL-8075-807714-B Treatment
Facilities 7,500,000.00
AL-8075-129632-B Discount
on Sale of Bonds 167,237.50
AL-8075-129620-B Bond
Issuance Expense 235,000.00
AL-8075-129631-B Underwriters’
Discount 399,995.10
AL-8075-129686-B Arbitrage
Rebate Calculation 10,000.00
TOTAL $65,813,574.05
Section
4. That the Director of Finance is hereby designated as requisitioning
authority for account numbers AL-8075-129631-B, AL-8075-129620-B,
AL-8075-129632-B, and AL-8075-129686-B and that the Director of Water Services
is hereby designated as requisitioning authority for account numbers
AL-8075-807705-B, AL-8075-807707-B, and AL-8075-807715-B, and AL-8075-807714-B.
Section
5. 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 6. That Fund No. 8187, 2015A Sewer Revenue Bond Fund, is hereby
established in the records of the City of Kansas City, Missouri.
Section 7. That this ordinance is recognized as an ordinance with an
accelerated effective date as provided by 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:
Sarah
Baxter
Assistant
City Attorney