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Legislation #: 060995 Introduction Date: 9/14/2006
Type: Ordinance Effective Date: none
Sponsor: None
Title: Estimating and appropriating revenues from the 2006 GO Bond Fund in the amount of $1,200,000.00; authorizing a $110,499.95 contract contingency increase with MTS Contracting, Inc.; and authorizing an additional expenditure of funds for the project.

Legislation History
DateMinutesDescription
9/12/2006 Filed by the Clerk's office
9/14/2006 Referred to Finance and Audit Committee
9/20/2006 Advance and Do Pass as a Committee Substitute, Debate
9/21/2006 Passed as Substituted

View Attachments
FileTypeSizeDescription
060995.pdf Authenticated 88K Authenticated
Fiscal Note090106REV.xls Fiscal Note 38K REV Fiscal Note
fact sheet090106REV.xls Fact Sheet 98K REV Fact Sheet
Approp Transaction-KCMuseum.pdf Other 331K Approp Sheet
Fiscal Note090106.xls Fiscal Note 38K Fiscal Note
fact sheet090106.xls Fact Sheet 98K Fact Sheet

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COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 060995

 

Estimating and appropriating revenues from the 2006 GO Bond Fund in the amount of $1,200,000.00; authorizing a $110,499.95 contract contingency increase with MTS Contracting, Inc.; and authorizing an additional expenditure of funds for the project.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That the revenue in the following account of the 2006 GO Bond Fund is hereby estimated in the following amount:

AL-3392-120000-590000 Proceeds from Sale of Bonds $1,200,000.00

Section 2. That the sum of $1,200,000.00 is appropriated from the Unappropriated Fund Balance of the 2006 GO Bond Fund to the following account of the 2006 GO Bond Fund:

AL-3392-898821-B-89000190 KC Museum $1,200,000.00

 

Section 3. That the City Manager is hereby authorized to increase the contract contingency for Project No. 190-97004-4 with MTS Contracting, Inc., in the amount of $110,499.95 for additional work in connection with the Kansas City Museums Corinthian Hall.

 

Section 4. That the City declares its intent to reimburse itself for certain expenditures made within sixty (60) days prior to or on and after the date of this ordinance with respect to the project with the proceeds of bonds expected to be issued by the City. The maximum principal amount of bonds expected to be issued for the project is not to exceed $80,000,000. This constitutes a declaration of official intent under Treasury Regulation 1-150-2.

 

Section 5. That the City Manager is authorized to expend the additional sum of $110,499.95 for Project 190-97004-4 from Account No. AL-3392-898821-B-89000190.

 

_____________________________________________

 


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.

 

 

___________________________________

Debra R. Hinsvark

Director of Finance

 

Approved as to form and legality:

 

 

___________________________________

Mark P. Jones

Assistant City Attorney