ORDINANCE NO. 080454
Renaming Fund No. 8069, the Series
2008A Water Revenue Bond Project Fund; estimating revenues in the amount of
$23,781,000.00 in the Series 2008A Water Revenue Bond Project Fund (Fund No.
8069) and appropriating the same; estimating revenue in the Water Fund in the
amount of $13,592.00 representing accrued interest; 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
Fund No. 8069 is hereby renamed as the Series 2008A Water Revenue Bond Project Fund.
Section 2. That the
revenue in the following accounts of Fund No. 8069, the Series 2008A Water
Revenue Bond Project Fund, are hereby estimated in the following amounts:
AL-8069-120000-590000 Proceeds
from Sale of Bonds $23,781,000.00
Section 3. That the
sum of $23,781,000.00 is hereby appropriated from the Unappropriated Fund
Balance of Fund No. 8069, the Series 2008A Water Revenue Bond Project Fund to
the following accounts:
AL-8069-129620-B Bond Issue Expense $
150,500.00
AL-8069-129686-B Arbitrage Rebate Calculation 7,000.00
AL-8069-807703-B Water Main Const/Rehab 17,073,500.00
AL-8069-807704-B Facility Mod & Improv 6,550,000.00
TOTAL $23,781,000.00
Section 4. That
the revenue in the following account of the Water Fund is hereby estimated in
the following amount:
08-8010-800000-460000 Accrued
Interest-Sale of Bonds $ 13,592.00
Section 5. That
the Director of Water Services is hereby designated as the requisitioning
authority for Account No. AL-8069-807704 and that the Director of Finance is
hereby designated as the requisitioning authority for Account Nos. AL-8069-129620
and AL-8069-129686.
Section 6. 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 7. That
this ordinance is recognized as an emergency measure within the provisions of
Section 503 of the City Charter in that it appropriates money, and shall take
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 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.
__________________________
Wanda
Gunter Director
of Finance
Approved as to
form and legality:
_____________________________
Heather
A. Brown
Assistant City Attorney