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Legislation #: 051164 Introduction Date: 9/22/2005
Type: Ordinance Effective Date: none
Sponsor: None
Title: 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.

Legislation History
DateMinutesDescription
9/15/2005 Filed by the Clerk's office
9/22/2005 Referred to Finance Committee
9/28/2005 Advance and Do Pass, Debate
9/29/2005 Passed

View Attachments
FileTypeSizeDescription
051164.pdf Authenticated 114K Authenticated
fact sheet.xls Advertise Notice 50K fact sheet
fiscal notes-Water e_a 2005F v1(2).xls Fiscal Note 39K fiscal note
Approp _ Admin water e_a v1.xls Other 491K Approp & Admin

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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