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Legislation #: 150862 Introduction Date: 10/8/2015
Type: Ordinance Effective Date: none
Sponsor: None
Title: Appropriating $9,295,000.00 in the Water Fund to pay off the AMR Lease; and recognizing this ordinance as having an accelerated effective date.

Legislation History
DateMinutesDescription
10/8/2015 Filed by the Clerk's office
10/8/2015 Referred to Finance and Governance Committee
10/14/2015 Advance and Do Pass, Debate
10/15/2015 Passed

View Attachments
FileTypeSizeDescription
150862.pdf Authenticated 84K Authenticated
AMR Payoff Fact Sheet.xlsx Fact Sheet 22K AMR Payoff Fact Sheet
AMR Payoff Fiscal Note.xlsx Fiscal Note 17K AMR Payoff Fiscal Note
AMR Payoff Approp Transaction Forms.xlsx Other 25K AMR Payoff Approp Transaction Form

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ORDINANCE NO. 150862

 

Appropriating $9,295,000.00 in the Water Fund to pay off the AMR Lease; and recognizing this ordinance as having an accelerated effective date.

 

WHEREAS, Ordinance No. 061389 approved a lease agreement to finance the installation of meters and automated meter reading equipment; and

 

WHEREAS, Ordinance No. 100166 approved the refinancing of the lease agreement; and

 

WHEREAS, the Water Services Department desires to pay off the remainder of the lease costs associated with installation of the meters and automated meter reading equipment: NOW, THEREFORE,

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That the sum $9,295,000.00 is hereby appropriated from the Unappropriated Fund Balance of Fund No. 8010, the Water Fund, to the following account:

 

16-8010-809600-G Lease Payments $9,295,000.00

 

Section 2. That this ordinance, relating to appropriation of money, is recognized as an ordinance with an accelerated effective date as provided by Section 503(a)(3)(C) of the City Charter and shall take effect in accordance with Section 503, City Charter.

 

________________________________

 

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, sufficient to meet the obligation hereby incurred.

 

 

_______________________________

Randall J. Landes

Director of Finance

Approved as to form and legality:

 

 

_______________________________

Charlotte Ferns

Assistant City Attorney