ORDINANCE NO. 080357
Renaming Fund No. 3330 the 2008A
KCMO Special Obligations Bond Fund, Missouri; reestimating bond proceeds in the
amount of $12,479,861.00 in the 2008A KCMO Special Obligations Bond Fund and
appropriating the same; designating requisitioning authorities; 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 sum of $ 748,000.00 is hereby appropriated from the Unappropriated Fund
Balance of Fund No. 3970, the KCMAC Hodge Park Improvements Bond Fund, Series
1998A Fund to the following account:
AL-3970-129611-B Debt
Service Reserve $748,000.00
Section 2. That
the appropriation in the following account of Fund No. 3970, the KCMAC Hodge
Park Improvements Bond Fund, Series 1998A Fund is hereby reduced by the
following amount:
AL-3970-129611-B Debt
Service Reserve $748,000.00
Section 3. That the sum
of $ 748,000.00 is hereby appropriated from the Unappropriated Fund Balance of
Fund Number 3970 of the KCMAC Hodge Park Improvements Bond Fund, Series 1998A to
the following accounts:
AL-3970-129998-X Transfer
to Fund No.3330 $748,000.00
Section 4. That
the Fund No. 3330, is hereby renamed the 2008A KCMO Special Obligations Bond
Fund in the financial records of the City.
Section 5. That
the revenue in the following account of Fund Number 3330, the 2008A KCMO
Special Obligations Bond Fund, is hereby reduced by the following amount:
AL-3330-640001-480750 Contributed
Capital-KCP&L $ 14,100.00
Section 6. That
the appropriation in the following account of Fund No. 3330, the 2008A KCMO
Special Obligations Bond Fund, is hereby reduced by the following amount:
AL-3330-648842-B Development
CD2 $ 14,100.00
Section 7. That the
revenue in the following account of the Fund No. 3403 the KCMAC Series
2004B-Tow Lot Fund, is hereby estimated in the following amounts:
AL-3403-120000-460100 Interest
on Investments-Trustee $400,000.00
Section 8. That the
sum of $400,000.00 is hereby appropriated from the Unappropriated Fund Balance
of Fund No. 3403 the KCMAC Series 2004B-Tow Lot Fund in the following amount:
AL-3403-577502-B Tow
Lot Project $400,000.00
Section 9. That the
Director of Finance is hereby authorized to transfer the existing expenditures
in an amount not to exceed $400,000.00 in Account Nos. AL-3330-578847-B-89000502
for the New Tow Lot Facility Project to Account No. AL-3403-578847-B-89000502.
Section 10. That
the appropriation in the following account of Fund No. 3300, the 2008A KCMO
Special Obligations Bond Fund is hereby reduced by the following amount:
AL-3330-578847-B Tow
Lot Facility $400,000.00
Section 11. That the
revenue in the following accounts of Fund No. 3330, the 2008A KCMO Special
Obligations Bond Fund, is hereby reestimated in the following amounts:
AL-3330-120000-590000 Proceeds from Sale of Bonds $11,045,000.00
AL-3330-120000-485100
Premium on Bonds Sold 257,268.00
AL-3330-120000-481000
Miscellaneous Contributions 429,593.00
AL-3330-120000-503970 Transfer
from Fund No. 3970 748,000.00
TOTAL
$12,479,861.00
Section 12. That
the sum of $ 12,929,861.00 is hereby appropriated from the Unappropriated Fund
Balance of Fund Number 3330, the 2008A KCMO Special Obligations Bond Fund, to
the following accounts:
AL-3330-129620-B
Bond Issue Expense $586,590.00.00
AL-3330-129632-B
Original Issue Discount 170,493.00
AL-3330-129631-B
Underwriter Discount 163,063.00
AL-3330-129671-B
Defeasance of KCMAC Series 1998A 6,494,715.00
AL-3330-078025-B
Swope Ridge Geriatric Improvements 2,100,000.00
AL-3330-648041-B
Columbus Park Improvements 3,400,000.00
AL-3330-129686-B
Arbitrage Rebate Calculation 15,000.00
TOTAL $12,929,861.00
Section 13. That
the appropriation in the following account of Fund No. 3330, the 2008A KCMO
Special Obligations Bond Fund, is hereby reduced by the following amount:
AL-3330-648842-B Development
CD2 $ 50,000.00
Section 14. That
the Director of Finance is hereby designated as the requisitioning authority
for Account Nos. AL-3330-129620, AL-3330-129632, AL-3330-129631, AL-3330-129671,
AL-3330-129686, the Director of General Services is hereby designated as
the requisitioning authority for Account No. AL-3330-078025, the Director of
City Development is hereby designated as the requisitioning authority for
Account No. AL-3330-648041.
Section 15. 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 expenditures are 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.
____________________________
Wanda
Gunter
Acting
Director of Finance
Approved
as to form and legality:
_____________________________
Heather
A. Brown
Assistant City Attorney