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