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.

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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