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Legislation #: 120919 Introduction Date: 10/18/2012
Type: Ordinance Effective Date: 11/4/2012
Sponsor: None
Title: Appropriating $284,500.00 from the Unappropriated Fund Balance of the Public Mass Transportation Fund for the Kansas City Downtown Streetcar; recognizing an emergency; and declaring City’s intent to reimburse itself for certain expenditures.

Legislation History
DateMinutesDescription
10/18/2012 Filed by the Clerk's office
10/18/2012 Referred to Finance, Governance & Ethics Committee
10/24/2012 Advance and Do Pass as a Committee Substitute, Debate
10/25/2012 Passed as Substituted

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http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=120919 Video Link 0K http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=120919
120919.pdf Authenticated 37K AUTHENTICATED
Fact Sheet - Streetcar Authority and TDD Funding Ordinance.xls Fact Sheet 144K Revised Fact sheet
120919 Fact Sheet.xls Fact Sheet 147K Fact Sheet

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COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 120919

 

Appropriating $284,500.00 from the Unappropriated Fund Balance of the Public Mass Transportation Fund for the Kansas City Downtown Streetcar; recognizing an emergency; and declaring City’s intent to reimburse itself for certain expenditures.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

 

Section 1. That $284,500.00 is appropriated from the Unappropriated Fund Balance of the Public Mass Transportation Fund to the following accounts:

 

13-2080-122576-B Kansas City Downtown Streetcar

Transportation Development District $ 84,500.00

13-2080-122577-B Kansas City Streetcar Authority 100,000.00

13-2080-891317-B Streetcar TDD Formation 100,000.00 TOTAL $284,500.00

 

Section 2. That the Director of Finance is designated requisitioning authority for Accounts 13-2080-122576 and 13-2080-122577.

 

Section 3. That no transfer of funds to the Kansas City Streetcar Authority, Inc. shall occur until such time as the Kansas City Streetcar Authority, Inc. shall have approved and executed the cooperative agreement authorized by Resolution No. 120719.

 

Section 4. 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.

Section 5. That the City declares its intent to reimburse itself for certain expenditures made within sixty (60) days prior to or on and after the date of this Ordinance with respect to the Kansas City Downtown Streetcar Project with the proceeds of bonds expected to be issued by the City. The maximum principal amount of bonds expected to be issued for the Kansas City Downtown Streetcar  Project is not to exceed $85,000,000.00. This constitutes a declaration of official intent under Treasury Regulation 1.150-2.

_________________________________________________

 


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.

 

 

____________________________________

Randall J. Landes

Director of Finance

 

Approved as to form and legality:

 

 

____________________________________

Brian T. Rabineau

Assistant City Attorney