ORDINANCE NO. 051164
Establishing the 2005F Water
Revenue Project Bond Fund; estimating bond proceeds in the amount of
$30,860,434.00 in the 2005F Water Revenue Project Bond Fund and appropriating
the same; estimating revenue in the Water Fund in the amount of $73,665.00
representing accrued interest; authorizing the Director of Water Services to
transfer outstanding encumbrances and expenditures from the Water Fund to the
Water Revenue Project Bond Fund 2005F; designating requisitioning authorities;
authorizing the Director of Finance to close project accounts upon completion,
and recognizing an emergency.
BE IT ORDAINED
BY THE COUNCIL OF KANSAS CITY:
Section 1. That
the Fund No. 8067, Water Revenue Project Bond Fund 2005F is hereby established
in the records of the City of Kansas City, Missouri.
Section 2. That the
revenue in the following accounts of the Water Revenue Project Bond Fund 2005F
is estimated in the following amounts:
AL-8067-800000-590000 Proceeds
from Sale of Bonds $30,000,000.00
AL-8067-800000-485100 Premium
on Bonds Sold 860,434.00
TOTAL $30,860,434.00
Section 3. That
the sum of $30,860,434.00 is hereby appropriated from the Unappropriated Fund
Balance of the 2005F Water Revenue Project Bond Fund to the following accounts:
AL-8067-129620-B Bond
Issue Expense $ 267,848.00
AL-8067-129631-B Underwriter
Discount of Sale of
Bonds 231,201.00
AL-8067-129632-B Original
Issue Discount 275,001.00
AL-8067-807703-B Water
Main Construction/
Rehabilitation 12,331,904.00
AL-8067-807704-B Facility Mod and
Improv 13,280,480.00
AL-8067-807792-A Design
Allowances 464,480.00
AL-8067-807256-B Concrete
Rehab-Wtr Treat Plant 839,020.00
AL-8067-807501-E Blue Ridge Pump Station 280,500.00
AL-8067-807613-B Raymore
Tank 2,890,000.00
TOTAL $30,860,434.00
Section 4. That
the revenue in the following account of the Water Fund is hereby estimated in
the following amount:
06-8010-800000-460710 Accrued
Interest-Sale of Bonds $ 73,665.00
Section 5. That
the Director of Water Services is hereby authorized to transfer the existing
encumbrances in an amount not to exceed $ 280,500.00 in Account No.06-8010-807704-E
Facility Mod and Improvements, for construction of the Blue Ridge Pump Station
to Account Nos. AL-8067-80807501-E Blue Ridge Pump Station.
Section 6. That
the Director of Water Services is hereby authorized to transfer the existing
encumbrance in an amount not to exceed $ 2,720,000.00 in Account No.
06-8010-807050-B Water & Sewer CW for construction of the Raymore Tank to
Account No. AL-8067-807613-B Raymore Tank.
Section 7. That
the appropriations in the following accounts of the Water Fund are hereby
reduced by the following amount:
06-8010-807050-B Water &
Sewer CW $ 2,720,000.00
06-8010-807704-E Facility Mod
& Improvement 400,000.00
TOTAL $
3,120,000.00
Section 8. That
the Director of Finance is hereby designated as the requisitioning authority
for Account Nos. AL-8067-129620, AL-8067-129631, and AL-8067-129632, and the
Director of Water Services is hereby designated requisitioning authority for
Account Nos. AL-8067-807703, AL-8067-807704, AL-8067-807256, AL-8067-807501,
AL-8067-807792 and 8067-807613.
Section 9. 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 10. That this
ordinance is recognized as an emergency measure within the provisions of
Section 15, Article II of the Charter of the City of Kansas City, and takes
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 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